sihhm dmlasiow - nber.org · sihhm dmlasiow qq aamaa 8300 yhmom ?sihttam urlot ña nthow ioqs...
TRANSCRIPT
aamaa qq DMLASIOW SIHHM
?SIHTTAM YHMOM 8300
ña urlot
ioqs nthoW
HDSJAH2HSI DIMOMODH '1O UAHSJUH JAMOITAM oun3vA aitoaurlosaasM OO I
8EIO AM oabiidm&J VQQI1sM
CIOIaSMOM nooiO JJYM rnoiaowrIhoM nianooiW Is alnsqioihsq qorla±ow atsili iothus 3fiT MidmuloD quoiD aoimono33 '(IsionoM SEEM oth bmoFI o'n3aoM !siob&1 rft bnsIxisM
8rlT .2tri8mmoo Iffiqiorl iof ataimonooH inornfrlovoD ioi Voioo2 oth bus aniAqofl andot nwoiogiooD a'SI3HMIo tisq ai ioqsq aidT .noilsbnuol oonoio2 IsnoilsM orb mon txoqqua ao8bolwonts iothus
oaoth ion bns iorlflus aritlo oaorli ois boaaoiqxo anoiniqo nA .aoibiil2 iocisJ ni rngoiq rloinoaoi .rloisoao5l oimonooH lo usoiuH IsnoitsM orit lo
nm er1qs-igrnsq owl boooxo ot ion txofto 211011302 noul2 .bovrneoi airlgii hA .sorl8 rulot d VQQ 1 © oth oX novi 21 ooiIon © gnthuloni tiboio 11th isifi bobivrnq noiaairrnoq iioiIqxo tuothiw botoup od
.o0.uJoa
VmflsM 'onoM 2tfI3Th 230G LaiR nilot
Oô .oM iaq&T ni±oW MSEM VQQ1 sM
aio ct .aoMJ3i aaibuta odsJ
TDA$JTELA
nsmrnl CHoThililo no tosqrrn ovitx2oq s aSH z ic afflo3rii Istnamq iorltaHw aias ioqsq airiT
aaoios botsIal-io3 '(Iavitiaoq ai arnooni tacit borlailcistea and rlomaaai auoivoiq .HO1tBIIJrHUOOL Istiqno
ldnrnnaoiq ai omoorli ooriia iovowocI e13flsrn onom atnomq tacit ovoiq ton aoob airiT .anoitsionog
ionqmi orb aatsmi as ioqsq ST .anoitemno aaoion bottirnannt asitilidE bovisadonu ritiw botsiorios
aaol do bns 'citaubni noinn -- aoioE1 Istnomq ot oub noitsrtsv no 3nieuooI '(ci omooni Isinomq lo
bnil I a1qmBa ovitstnoa5tqoi IIsnoitan s onurnaxo I norPW .tul tnoasiqoi '(ldsugm r&D -- oonoioqxa
namuri atnothlirlo no tosqmi oIdiiIson s taod ts o'rS ioul ot sub smooth ILtdrsmq Hi asgnsclo tacit
amooni wol lo aiqinsa S Hi ioflam asob omooni Intna-inq tacit bnfl I !bnsrl isrlto sift nO .istiqso
anoitootoqmi to±am tiboio risiriw iii alabom rltiw tnotaianoo '(llnitnotoq OIL agnibnit sasriT .aailirnth
.naThlido iiorlt ni atnacntaavni Ismiiqodua atm ot ablorloauoil amooni wol nisitanos
cia nfiot aoirnonoo3 'to tnomtmqou
bnalvjsM 'to '(tialovinU £JsVO GM Im soIIoD
SUHMbns ubo.bmu.nooa@sorla
I
cp7]qLezr JOL TU2fSUCG' TOM rucowe iusA ucteae bstsucs-r 2cLG22 MJJTCJJ
arieaçeq OfGL CpSVUG2 jionp MpJCp bsLeufEJ I1C01G corijq WSfGL TOL
Tucowe yaqe LOW pnwsu csbçj IuAGacwGUc aocroIoiaça SAG
It C0OJ2 SLG TuSucGq joc&jjA uq cowiinuiçea gLc açisçi;jq pX
(Iaae) s]Jq DITLTS(JT (J.3J 2}JOM biipjic acpooja CIJ LGflCG wopJTIcA
apOM bfTpJc GqfiCgçJoLT csv TIJCLG2G aOCJ wopijiçX MpJJG 8eipa
bSLGVçSJ JIJCOIUG Oil cpiJqLGu CTOWW guq HAIKflLU9L (IaaSY LOL uaçuce
bJTPTTC boTIcX IUG&LIMJJTJG' wA LGTIJLOLCG OL coflIJfGLcç ;JJG pubscç oj
boaiçTAG (rOfILA cIasI) BGCJCGL suq jOWG2 (Ià8Q) WflTII&IJ (1aa2))
wgLrugJ Twbscc o bgLGIJ;gJ TUCOWG ou CpIJqLGU2 j.rnwsIJ cbiçsj MITT G
;pGis bsLeuça wX JCG pUqIJ jdf1JqJç2 couacLsTuca I MJJJCJJ csae
CPTTqLGIJ2 2JC1T12 015 JJG OflJGL psuq i cLGqJç wsLrceca SLG TWb6Lt6Cc
jJG JJJf&L62f L9G bSLSIJ;SJ TUCOWG bsi. ?.6 MITT fJ&A6 ISO 1llJbc 013
cpTqLGu mini W9LIU9 bLoqncf O IJTLflJGL TIJAG2;IJJGUc odmrsia
pOLLOM &&SJIJ8; cpflqLeu1a UTfL6 69LLJI1J2—— bsteuça MITT TUAS2c 113
bOTICX I CLGqT; ]JJ9LJCsça SLG beLted ——i-U bSLçCn&L bLeuça c&u
cpra cpuuej aponq qebeuq 013 CLGqJ; IJJ&LJCG coUqIcToua 90q Oil bnpc
csbTç&T i-UAGafWGU BLGATOD2 LG2GSLCp aII8Gapa pJJG apLexspp o
bsLeufJ L620J'TLCG2 rnsq cpJqLGIJa onçcowea ObGLSG2 pnwsu
EcoISowlafa psAc peeeq TIUJC pGçMGGU
GUTCTGIJCA LornJqa
2KITT2 pG MSLL&UçGq ou poçp ednIcX suq
ueppoLpooqa' suq ao ow bsLeufa1 woireX wsççea CpIJqLGIJ18
OL pGGL 2CIJ00TIU1 peçe G9TfjJ CSLG SUq uml;LTçT0IY pGççGL
L7CJJ b&LGLLp2 }flAG SU &qArnJçG P.' TEPOL IJJLJCGf' AIS ECCGaa IIIOLG
pnwsu CS-bI;T sccnwnTcIou jç wipç aeew opAJOfl2 fJJS CJJTJqLGU OLIJ o
IPT bSbGL 98K2 MGGL b&LGuçsJ JUc0IJJG bs. ze &JI.GCc2 cpJqLGIJ2
F IWLHODI1CIIOM
5
&çfGuJbç fo sbbLoxiuJçe 21ICjJ g USfuTL&j GXbGL]1JJGU pA I2CIScIIJ C86LAEJ&
anpaedneup jpo IU&LJCG bGLLOLUJSUCS OL ;PETL CJJJJ4LGLI 115 babGL I
iuoxseA CU fJJG qooLçeba o LsuqowJA aejecçeq b&LGU;B' fGU
JqGSJJA CUG Monjq MWGPGL bs-tGUça1 WCUGA wsççGLa pA qLobb7u
bsLeucsr spçA jrna anpacsrcTs'r nuweaaLGq coLuboueuç
bstGucsl spçA ancp a GqITCSçCU HCMGAGL' 201MG P192 Mill LGIIJ9TU IL
bLeanm&pIX LGqJICG W12 p792 pA cCUcLC111U LOL Cp2GLA9pJe IJJGE2IILG2 CL
CCLLGJSçJCU psçtteeu B&LGIJ;SJ 7UCCWG suq cpqsxJa pric' OUG CSU
eacrwcc CL WG cnasj rwbscc o bYLGU;&J 1UcCWG qnG cc s boaTçiAG
cpijqieu1a JUCCUJG 015 b9Lsucsr JUCCWG MIII Ajcjq su nbMsLq—pJsaeq
b''f q7GLGufJX 915 CLq7USLX JG92f 2dfl&LG2 (OcR) LGLG221CU CL
bGLa7açeuç &CLC22 GUGL9ç7CU2 GAGU IL bELGU;&1 1UCCWG bet. s qcoau
LLCIJJ bSLGU2 cc cpqxsu JJLCI1p GUG2 CL cnIcnLG 7UCCIJJG2 MIII G
9PIIIcA CU &AGL96 flJ9U ICM—GSLU1IJ b9LGU;2 IL SPIIIcA 12 fLSIJ2wTççGq
bstGufa, IJJCUGX m&ççGLa• H1w—G9Lu1u bsLGuf2 bLGanwYpIA JJEIAG UJCLG
açriqrea SLG 7UGLG27U 1 cp1 CMU LIpç qC uoç bLCAG
eqncsqCu 9uq CJJGL CP2GLA&PI6 bSLGU;&I cp3L9cceLI2c1ca- MillIe
bSLGU;SI JUCCUJG LGLUSUa IWbCLçSUf GAGU &LGL cCUcL0IIiU LCL b9LGU;&T
CCLCCL9IJ G (ToaSY 1-1111 uq DiIUC9V (Jj) suq CJJGL2 2JCM
peçeeu LscpGL uq 2CU2 IDGLIIJ&UGIJç GSLU1U2 12 UG9L Q MPIIG
(1aS) suq SIWWGLIIJ9U (Toas? LCL 7U2ç9UCG uq CCLLGJ9çJCu
LffWTTTG2 GLIJ WCLG cJJ7JqLeu L&726q 715 TOM_TUCCW6 Lsw1T1G2 301011
aççna Ta bGL2I2GIJ SCLC28 GUGLgçicUa: CJJ7qLGU L92Gq I PIP—IUCCWG
E1IJbIL1CSIIX S anpaçsucsj poqA CL LGBGSLcp 2)JCM2 JJSç GCCUCIJJJC
cpGIL cpiqLGU12 qeAGobwGUç
GxbGcçsç7Cu21 9LG PGIbLnI 7U cobiu bCAGLçA pci; qswsu C
bsteu;a ;o qGAGcb b&f;GLU2 CL suq pGJ5&A7CL 2f1C 92 CMGLGq
WSA LGqncG bsLGu;7u drrs11çA yI;eLus;lAGIA 1CM TUCCIJJG wgA CSfl2G
3
¶pJJ7fA! LOL 7U2&rJce1 flUJOU spea ius? G UJ0LS SPIG JJSIJ UOLJflUT0U
(TaaT)) GCCUq wX U2LrniJGuça UJEX G coLLGJfGq MTJJ nuopaGLAGq
)opa cpiJqLeu AT& UGbOTBIU OL aocisj USfbtCLJC2 (woUc0wGLA
eUGLçToUa LOL 1U21&11C61 flIJTOLI tSflJGLa IJJ&X pe spje pGdnGsçp rnnou
pJsaGq LOL LGS2OU2 LILac' ]1TCJC IUSX G COLLGG ¶CLO&E
wX GRcTUJ&cG2 o iubscç oi bLGU; pscowe conjq pc nbztLq
¶2 IU2LflW6U2 LOL bsLeUçuJ TUCCIIJG
bSLGUçSJ TucowG fl27IJ £Sc}JGL2. (TUJ0U iuqrlaçLA suq op ioaa AELTpGa
qewoLsbpc cpsIsccGLTacrca LgçpeLa opaGLAspJG 2JCJfl2 suq WGS2IILG2 0
pio—açss JG2g 2CInSLG2 (S) LGLG2270JJ2 o cp7JqLeu, a JUCCIJJG CU
0 CJJJJqLGU LLOIIJ JJG bSUGI o. IUCOWG D?U9iJJTCa (b2IDY suq bGL1.OLW
I9fGL2 MJfp aTuJiJgL OP2GLASPIG 2jC1J12 obGLsfroUgrIA' I qLst a&wbjGa
flJG CPTJqLGU L qiabjscsq tSjJGL2 fjJG CJLGU L UoUqabJSCGq
2JCTJJa I CSU GafiwgçG iwbcç oj bSLGIJ;SJ TUCOUJG pX c0wbsLJu
bjup CJ027U2 ¶LG GX0GU0fT2 MIcJJ LGabGcç GiubjoXesa) rnJopaGLAspJG
'lop joaa psa s JSLG suq bGL2JEfGUç UsacTAe rwbscç CU 6sLUJu2 II.
CCCJ.LSUG (raaIY iSCOP2CU s4 (J3) sUq CJJGL2 apoM IUA0InUcSLX
ICM—MG JUqnaçL2 t9PGL2 MTçp EJIJJJJ&L opaeLAspJG 2JCJJ2 aIwII9LIA
oI ITJJJCU CL prp-a&e TuqnaçLA 1.SPGL2 flJG CpTJqLGU 01. UCUflUIOU CL
j csu Ge; TwflG ;ps ImbEc; °1. b&LGU;J TUCOWG pX couJbsLJU f JiG CJiJLGU
rnJopaeLAsq spflJ;X qTGLGUCGa 11. ;pra TU;GLbLGc&cIoU Ta COLLGCf
coxpeUq ;ps; nUTCU ¶U pxqnaçLX MG bLGWJ LG1.Ioc; LGU4C LflJGL
a;sçaa coU;LorIrU lOL opaeLAspJG aJciJJa NOLGOAGL' 2OUJG GCOJJCWI2;a
qewoUaçLsçee MG2 ASLX anpa;9v;nJJX MTcp ITUTCU suq TUqrT2çLX
qG;pa EXT2c1U LG2GSLCp (rGMla (Ia8P) KL1TGGL uq 2I7WWGL2 (lass))
suq IUAOInU;SL2\ lOp 1022 qrie bjsu; aJJrLpqoMU2 uq o;peL Ga;spr2pwGU;
OU ASLIS;roUa 10 JSfp6L2 JSpoL G9LU]U2 qaG ;o 1TUTOU aç;na' TUqn2çL2t
GGLUJJU&U2 01. bSLGIJ;&T IUC0UJG StITSp1A LGbLG2GUç racy i 1.0002
pecsnac sc;cisj Jucowe LGqJaçLrpnfJou bojicica Ls oçeu ;sLc;;eq wç
GXbGLTGUCG psq T&pOL IugLJcGç incr 1P72 12 7wboL;uç poçp
CJJ77{LGIJ MPO2G TS;JJGL2 p9A6 2JIIJT;SL Op2GLA&pJG 2KIJJ2 pci; njo
cpJJqL.Gu Mpo2G {&;paa cxbeLIeuce ooq J9poL wLJcG; TcTCJC
uq ;pg; b9Leuç WOIJGX qoGa Ws;çGL: swou JOM—JucowG ponaspojqa'
7IJCOWG• MPGX.J J OCfl2 OIl 3 BEWbJG OT 1OM1IJCOIIJG pociaepoqa' JJoMGAGL I
cpJjqLGLT1a JJXIIJJ3IJ cstSJ ;o G LGflGC;Gq JU po;p CMLI uq abonaea
abeciijcs;ioua o ;p ruaçnweuç TIer suq pojq MpGLI I 9110M
qfl6LGUf WG&2IILGC O bSLGIJfSJ 7UC0W6! WGX pojq LOL q7SLGIJ4
arcrrra 111686 L68/77;8 joq LOL poçj 8WJ8 ¶uq q9r1pçeLa poq LOL
nLçpsL Leqilcea pps GaçJws;eq TWbscç oi b9LGIJ;SJ TIJCOIIJG On
2OIJ2 aC ;p&ç LeWoAflJ ;pG cowbousu; oi cpjqLGua 7uc01U6 qne ;o Incjc
suq pJqna;L2 a;sçna 9L6 beLaraçGuf scioaa GIJGLSç1Ou& bSLçTCIIJ9LJA LOL
pci; IuaruILIcsuc uq flafl9]JA UG9f7AG fI27IJ sara I LPJq ;JJ&; J11J10U
boa7;7Ae 2I1JIL7C31J4 9JJ SCOJJOIIJIcSJJX J9LG MJJSU G2p7IJJSçGq cia7u or'a
bsLsu;97 TUCOWS CU C7JL6IJ2 MSG2 G9LUIIJ2 sUq 2IGSLC 0J 2cJJoOJJIJ 12
;ps; bsteu;a wousX qoca uoç wflçGL uq ;pç ;p; jpe iwbc; oj
LSP%U LLow ]JG uSflouSj7A LGbLeaeu;9;7A6 couibousu; oi LaILf I LI"q
wA LG2ITJC CSU G anwIusL7scq 32 oJJoM2 fIJJGU I 3USTASG 9 aswbje
nbbGL ponuq IOL flJG fLIIG 7WbSc OL bsLeuç&J 7LICOWG Oil CJJJqLGLJ1a 2JC7J2'
aocouq 2OITLCG 0 p792 W ea;rws;ca fjJII2 sLn9pJA LGbLG2GU; su
cp7qLGu2 2Jc7J—LGJs;Gq 7IJCOWG nuLoLccIu9çGIA i csuuo; COLLGC LOL
cpIIqLGUa opaGLAspJe JITCJC uq GX9WILXTIJ ttpeçpGL bsLeuçsJ TUCOIJJG siec;a
abeclLlcs;Idua pX LG1U0AJJJ bet; ot cp7JqLsua lucowe qne ;o
qoeau; wgç;GL COLLGC J0L LILac 2OrILCG o pwa Ju aowe
pec;GL f p911 Cp7qLGu C uoumjiou LScIJGLC GAGU fl B9LGIJ;91 7ucowG bsi.. as
;L9u2uJ7çfeq 9CL082 eueL3;7oua Well C1JLGll oi 11U701J LWfPGL2 M777 LSLG
L9PSL2 MTfp 21W1J9L OP2GLA9PIG 2JC7112 JI% PI2 !1U0}DCGLAGq a
2
CLT;TC tonjq uo;e jgna &bbLoscp tocriasa 9çGuçJou oU EJJOL;—LmflJ
;ca; LG2uT]2 LOL 291MG cpq flJ XGL2 a. ToM JrnLGIJ;&J TIJCOWG '
iqGu;tTeq pA cowbgLTu ;GBç LG2ITJf2 pj AGEL2 at 'p b9t6uçs1 Tucow fa
COIJJL0JJTIJ tOL cpTq TXGq GIAec;a T' MJ.JTCP ;pe iwbc; o Tucows Ta
couçLoJJ]iJ tOL bSLGJJ;S; CV9LSCcGLT2;TCa piT; 00 erGcç fli L6LG22OJJ2
TIJCOWG p&a s 2W9fl bOaJflAG ettccc OIJ ;ea; 2C0L68 P 0F2 L6L688T0U2
34qou&j ouJ;nqusj 3aLAGA at on;p (l4rakY BT uqa bSLGUçSJ
cpTTqLeua ;Gaç acaLea n2]u fJG uisçcpq waçpeL—cpjq qçs LOW
BT (Taoe) GXSØJTUG2 We LeTcTauaprb pGçMGGu bsLeu;&T Tucawe suq
p7sap7 ;JJG rwb&c; a ucawe qatumsLqa Tm POW asiubjea
svq t&WTTA TUCOWG Ta WG&2flLG tOL aujA 0UG AesL ba;eu;TSJTX
taL rua;suce couaiaça at flj LGJs;TAGJA MelT—ott TuIJG2Oç tS1IJTTTG8)
;pç ;jJG 9iIçJJoLa1 aswbiea SLG awsjj &uq pawaeuona (f pe sqabçe aswbje'
Tucawe OLY CpJqLGu1a JO Ta gaG ;a GIJ6TC tsccoLa ' cLflc Manlq IJa;G
CJJ7JgLGIF jpe caucjage ;pe sbbsLGu; 1wbcç at bLGU;ST
j swau prajorcs cpflqLeu' pa; uo Lei;JauapTb siuou qab;eq
tTlJq g aTIJTtTcsiJ; boaT;TAG L619;sauaplb pGçMGeu twTTA Tucaw suq
LILa; pTLçpqX• Cau;LoTTTu IaL opaeLApe b9teu;sj cp9t&cçGLJa4qc2
pToTaTcsT &qaeaceu;a suq qaeaceuça MJ.JO MGLG SqOb4Gq bLIoL ;o ;PGTL
flu6 LGIflTOIJ2PTB pG;MGGU uq bLGu;&J 4pLTpn;Ga u awbjea at
cLT;Tdne ap1qGa PLTGtTA JJGLG 3C9LL uq MGTUPGL (J) GXSJJTUG
TucawG T;p Leabec; TU;GL6uGL&cTaIflTTA ;LSIJ2UJT;;SPTG spJJ;A I MJJ
aulA p&uqa ;p&ç cc OAGLCOWG ;pG GIJqOGUG;A at bsLeu;J
saaaclsflou peçMGcu b&Leu;ST TUCOWO siJq cpnqLGua aaçcawGa SLG
MPTTG flJGLG &LG qaSGUa at GXT2;TU açnqrea ;pç qacaweu;
cpjqLeu1a pawifu csthçsj gç TOM TGAGT2 at bSLGIJ;J TUCOWG
jidnqçA cOua;L9Tufa StG WaLe TTKGTA cc caua;L9Ju TUAGacWGU; Tu
boaL uq pecsnae ivoqela ai c&br;sr uistjce; TWbGLtGCcTOUa TwbrA ;ps;
Q
boiu;a onç IOL ua;ucG JJTJJ6L MGJSL6 pCuefl;a ELG ;?bTcs112 oijae;bgLeufa gug 1JJLLTGq bteupa 211CR IJ&LL0M7U 12 uc; 1Tç0iU;iC' St gXGL
PTIJGL pGIJ6LJ;a LIgLLOM b u bstsu L€0LCS% pG;MGGIJ 2ujG
1IJSGL tOL cpflqLeLr Ou OflJ6L jnuq' fr4AGL qosa uo; eaçspjap
p6veT; label P5CLGStG2' 2flG24i11 (JJS4 pCIJGtTJL' 76AG72 bet %€ qo IJ0I:
b&LGIJ;2 snq cpqLeu o axuje bsLeapa qosa uoç IflLLOM St a;a;e
bX pJJJGL peuexj;a pOMGAGL e &b p64MGGU CpJJqLGu 0J WSLLTSq
a;9;6a cOuaia;eIJ; M7fp ;pe q6S ;jssç açsçea MJ;p a;LoueL rffPOL LUflfCGfa
IuLLeq—bstGuç suq aTu1G—bsLeuf WflTG2 &L6 pGGL p5 T.JTP—PGIJ6LT;
açsçe MeItsLe PGIJ6T qfl{GLG15CG8 ape Ijuqa cpqeu 0 JDOJJ
MJ;p nuopaGLAeq bsieuçs pT1T;2' ecouq W9XGL Gxsusruea ;pe Twb&c; oi
stac; JCOWG uq cpjq anbboLç bsAweu;a wgA pa boaJçrAGJX C0LLGJ;Gq
CJJJqLG1J2 XGSL2 o. acpooju MG2 guq egLiJru2 2nea;Tu ;ps;
315(4 OflJ6L JUCOIJJG JJ&AG 2TIUTTSL boaI;IAa 9uq aJIJfl7C3u eiecça 015
qLobbu on; ot acpooi siiq a1ijg1e wo;pGLpooq H0MGAGL' ;of3 TIJCOuJG
;p&L1 OAGLSJJ TIJCOWG 015 CpflqLGu,2 2C0LG2 ;aaisse CjJJqpGSLIJ
L3U2IGL b&Awsu;a I4SXGL L115q2 appa lucowe psa g 2IIJ9JJGL Twb&c;
pJCOWG I 1682 C0LL6J9G zqçp bsLGu;9J &pIjIcX JspoL 6&L1JJU2 OL
TIJCOIIJG £Low &aaeça uq cpflq anbboL; bXweu;a 3Lr1JIJ ancp OfpGL,
LILa;' WSAGL ex9JJTuGa ;pe JTIJC pep4eGu CPJI(4LGU)2 OnfCowea suq bsLeu;s1
Ibcc ot b&LeuçsI IuCoJJG 015 CpI1qLGI3 J 0Cfl2 015 4M0 exs]JJbjea
N9AGL (188!) "2G2 26A6L3J qGLGu; StBLOSCpG2 go iqeugX ;pe
L3flJ6L CIILLGILf IUCOIUG
;pe ex;au; ;p; cprIqLGu)a onçcowaa qebauq ou jou Jg&a oj. bsLGuçsJ
;pç 2pOL;—LIIU TIJCOWG tTncfnsfT0ua 91€ qria 10 WGSEIILGWGLJ GLLOL' suq
cpIIqLeu cpa ex;au; b&teu;a c315 OLLOM uq a&Ae' ;o gpo axçeu;
]-01J--Lnu TUCOWG cpa 0LUJGL gXbG OT ASLJS4qou MITT }J&A6 jeaa 1wb&c 015
AsLT&;Tou ru b&Lauc3T 115C0111G' L3çp6L cLoaa—aac;Jou A3LJ9g0U 1
S
(5) = b HT1 + & J +
poçp b&LGUç21 pnwsij csbIcsj uq bsLGufffJ wcowG
Gçpic yaarnJJG fpScf cJJJqLGu2 JJrTIU9U C9bIfSJ qcbGuqa acocpsacIc9Ijlt ou
wsungj qGxçeLTfX eqncgçoIV 9pçO) evq MOLJC
MJJGLG LOL OJIL bnLboasa HT conjq eucowb9aa IscçoLa 2fTC 92 JIJIJ&fG
I(I) A = n + r
cpjjqa IIJcowc (AT) qebeuqa OU 01411 JJITIJJSIJ Csbi&j (H1) siiq JITCJC (FT):
Tucduje teL g aswbje oj BSLGIIçE CJJJJqLGLJ yaaciwe S
ewbTLIcsI MOI4C pGJOM8 10 pGJIJ' 922!TWG ;psç MG OpaGLAG bGLW9UGUç
TucGLeuGLScIous1 fLSualUTaaIou' qeathJeq LIX IGS2 suq cc woflASçe
jJJ72 2GCIOU bLG2GUfE S 27WbJG WGCJJ9IJICSJ woqGJ 0
II V 8JNEFE NODEF Oh IPLLEHCEMEHVIIOI4VF n�vwawIaaJoM
SIIJbTLICST LGBnJçE 3GCTOU A ccucjrrqca
SbbLo9cp Gcçjou jj qGECLIPGB qsçs' suq 8GCcTOU IA bLe2euça
IU2cLrnJJeUcSI ASLISPTG2' suq qacnaaea boaa1pje P19262 9LT2TIJ LLOW cR12
ucouje 011 cpIJqLeIP 2p0142 0M OUG CSU G2çJW&fG LflG Iwbscc 210g
MpA ora G2;TW&çGa SLG IIJCGIX 0AGL2ç&fG Tmb&cc oj bSLGUç&J
arwbje woqej o JUçGLGUGLSçJ0U9J cL9U211J122100 jG llJoqej JJJfT2çLS4?G2
jG Leaç oi bSbGL bLccGGqa 92 10110MB aGccT0 fl bLG2GUçB S
bSLGU;SJ IUcome
cpJJqLGU OL S 2111911 ,1JLaç—açSG0 GLLGCc 0i 2S4G pGuGJc TGAGT2 011
LG2!1J2 SLG quo S BIiJSfl aocouq—açso GLLGC 0T bsLeucsI TUCOBJG 011
wccpGLa! suq 20 00 ic qi7cnj inqe MpGçpcL HSAGL2
RIJJGL MGILSLG peuoijça IJJSX uqnce IspoL LoLco içpqsj pX 2ILJJG
pA J0MGL ocq açswb peuojça uc; 911 2JU6 bSLGUfB 0 011 MG1LSLG
8
conqçiouru On OP2GLA9PIG 21C1T12' 94GL2 (11370U' TuqnacLX SiJq Top joea
LGaçL7c4qoLr IL! iuX sbbjTcsçToir 9wonuça &aanwru
I—I;JJG CoscJGUç2 OI ILI () fo SGLO T A&JJq GXCJfl2JOU
o s'' oLçpoousJ cc 12 Tc2Gfl oLçpoousj cC 20 f&f aeccTn
fIG JCGA s-earcwbçrou ru ednscroua () svq (2) Ta cpa cowbousu;
1—I I I—I S '—I T—I(2) F = 3 X + 3 S + IV
'—I I '—I '—I() H. = o x. +
LGjsçeq cc pnwsu c9bIcsI suq jncjc sa I,0floMa:
raqou' TuqnaçL2 &uq op J022 GXbGLIGIJcG V22flWG cJJG2G ASLJ9pJG2 9LG
asTc 92 £9cVGL2, aqacsçcu uq occnbçozV MJJTTG S11 ucnqsa 9çJIGLa,
bSLGIJ;9J incr In cPG ewbjLlcsj MOLIC PGIOM' ncJnqa ASLT9pJG2
AGCOL 0 0p2GLASpJG2' couqçion9J on LGLIGCc onjX
A9tJ3pJG2' x11' w9X LGIjGcc GTfJJGL b9LGIJ;SI 2JCIJJ CL IncJC rsq g
MOM anbbcaG JJOMGAGL' JJGLG GXT22 S AGCOL 0 OPEGLASPIG
TuC01G A1 ' bO2TTAGJX coLLGflGq MJçp bsisuça, pawsu c&bI;sj
IwbIA JJG LGarIJçTIJ G2fIW9çG oT & 12 nbttstq pJSaGq' EJUCG bSLGLJcST
MOM aflbbOaG MG LGLG22 A A 02p5& ora EclccScToua () suq (3)
T 1—J I I(3) K = &A + + r +
COWPIUIU (J) suq (5) MG }JSAG
fO G2fIwSG &
bsLGuçsJ IIJCOWG Oil cpJJqLGu,a pmlJsu cffbIc9J W os In cP12 bsbGL 12
CIlJcf!LSJ cuqoMwGuf2 JJJG aecouq LGbLG2GIJ2 fpe CSfl2SI TwbScc O
CT sprircX tLOW bstGuça cc cpJqLGu GUGcTC S'LIq
sçfLJpnçGa jpG tILac fGLIIJ on pç psvq 2Jqe OI (5) LGbLG2GUç2 pG
I4JJGLG 12 9 q7açnLp9ncG GLUJ S22flIUGq CLfO0USJ bSLGU;SJ
a
Ta fL91IWTfGq &CLC22 GUGLsçJCUa pGU MOfTq PG CCLLGJS.pGcJ 1IcP
L4JJGL2 Miff nUTAOL&PIG IL nuopaGLAGq spiTicX
ecouq' fpGLa MJflJ L9AOLSPIG TT IUEX pgAG 7JJGL flUCp2GLAGq
b&LGuça cu IIJAG2I WOLG U cpiJqLGIJ1a pnwsu CbIc9I
qnG 2JCTJJ jpra LGJsçrouapib apocijq G boarcIAe IL JJIJJ—TUCCWG
LGIscrouapTb pepMeGu bsiuçs rucow &uq flJG bsLç OT cpJJqLGua TUCCIJJG
cJJJJqLGU1B TUCOWG qnG cpijqLGua JJTCJC (ST) suq sxswiuiu rG
nbMLqa BGTCM' I CCflUGLSC pa pX LGWOAi1J cowbouGuç CL
I ICOLLGJSfGq MJfJJ I" AS s srJq IA G2çJUJEfGa c & Monjq po psaGq
aporrq p€ sir sqs opç&u7L' riuloif Ropa ID fp7a cSaG !4CflJ pe
rucJnqG 2OC]9J CCUUGCçJOUa CL UGbCçJaW CpJJqL CJ. [IIJTCU LSJJGLa
WGCJJSDIaWa &flocsçiu nUJou lopa cC JITCJCX LGM IL IPG2G WGCP&IJT2W2
GxswbJG i nuiou opa bA LGILç21 &LG bLsanwspJA 000—UJSLKGI
GaçTwsçGa CL 3' LiLac' J!TC}C wA G coLLesçGq sCLoaa GuGL&4qOIJa ECL
fl.GLG gno OpJJOIT8 tesaoua ttpX bLocsqnLG wj-pc bLoqncG pSaGq
LW6L2 MIflJ oçpGLMiae a1uJJ3L C2GLASJG cpsLscfGLia4qca.
TsçpeLa cc CJJJJqLGU CL uoucnqou (CL ICM—MG uqnaçLA CL qJabscGq)
cCwbsLJu cpflqLeu CL IIUTCU (CL pTp—Mse 7UqnaçLX' CL UouqJabJcGq)
suq xT ga IUacLnwGuca IUcflTcTP bLCCGqITLG qGufiTGa 3 pX
GacTwsçG & cCuaTacGucIA pX LGLGaaTu A Cu suq naIIJ sT
MJJGLG y = t, fluqsL JJG saanwbçioua wgqG &pCAG MG CIJ 0CM
I 1—7 I—I I—] I I(eJ = &A +y)C +• +E'
npaççnçu (t7) TUO (3) MG IJSAG
GXbGLTGUCG MGLG 2CJGJA g WfGL CI ITC}C
cCuqçJCups CU C2GLA9JG aJcTJJ2 CUG,2 nUJCU1 JUqflaçLl' suq qlablsCGWGUI
SCLC28 ReuGLscIoua wra saanwbflCu nCrl7q G A]qq1 LCL TU2&UCG IL
GXbGLJGUCG 9LG cLçpoCJJJ cc bsLf CL ITIJCpaGLAGq &pTrTcA fLsuawcçGq
TO
wX JUagLnWGU;a &LG flUCOLLGJgfGq MJJJ ITIJO8GLA6 SPTTTX I COUCGqG'
ID cp12 bgbeL' i sa nx TqGuçqAru &22nwb;rou ATOM pg
bLGuJis no WOLS bjsiiaipjA JUçGLbLG;Sq sa LOU 2 Dqn2çL2 bLswrs
sbbJTcsuça opa bslqu DO LGLI 2' flJJ2 GAJqGIJCG anoaça ITIJTOU
eiocç mx 'op dnsnea awc 'opa bArug LGIJça apoirq LUOLG
op obsuu MpJJG 7uqneçLA MG IDLGWT JJSAG 21IJJJGL suq TIJTnTuC&Uc
bLOWJ9 GUGLS;G S 2TIJTTiCSJJf TUCLGS2G ID IJflWGL o sbbcsçoua boL
bLoAJqeq pX }JOJSGL' j(SpS siiq KLn66L (TôôT)' MJJO tp-'q frnroLY M&G
suq 3iIWWGL2 (Ta88) CTPP0'J 9vq icscs (TaoSLY yqqçousj aqouco a
CLOEE—aSCf IOU MS6 qflTfiLeucea (cpOMqpnLA siJq Miciceji (1o82)! KLHGGL
WGS2JTLGWGU OLLOL uq MSG cpSIJG2 J0L EMJçCpGLB 9IM 2JWJJSL
(Ta8)Y LnLcPSLWOLG açnqoa sççswbç LGflCG rwbscc oI. ancp
pr9TU bsucj oaçrmsçea o riuiou suq iuqn2çL.X bLOWIS qoMuMsLq (ELGGWSJJ
uqrraçLA 2M]T;cpGa Ju bsuoj qsçs Ste COWUJOD LGTSTAG RMJfcpG2'
&pjç2c QçpGL açnqJea' pOMGAGL' oonuçox. abnLIona IILtTOD suq
&uq JuqnaçLX bLSWJS Ste bLJW9LJJ? qns q]TjeLeUcGa JU fJJYOp2eLAGq
coLLeabouqIu cLoaa—aGcçJou MSG qqIGLGucea' 2nGaçTu fjiSf flLJJOU
JDqn2çLA 8M1;CJJGL2 GxbGLTeuce MSG CpSIJG2 ste aWSJJ LGJSçTAG cc
(TaaT) wrLbv2 suq jobel (Taaofl Je2e açnqIea uq nulou snq
cornea LOW açnqea fl2JL1 bsuej qsçs (cpswpeLTsIu (Ta8s) 1SICflPB0U
EwbJLJcSJIX' 2fLoIJG2ç GAiqOuce OL
;pe InxnLX o aeJecçu peaç abbJJcsuf2 (beccGUTIT (Tab))
Leuça aponjq sççscç sIJ exceaa anbbjX oi nriiru8 MoLJceLa' SfloLqpJ
SPIO fJJ97J L'OUIflJTOIJ sirjq JoM—)tSRe 7uqnapL? MOLJCGLE' 271JC6 ')Opa pjrnp bs2
bLeanwbfJou' fJ0btGAGL' ITIJIOU siiq pIp—MSG IuqnaçLA btoLJceLa Ste woLe
qlabjscewouç qne GBcSPJT8JJWGU; qesçj.r jpeLe ia s ;peoisçcsj
'JITJ(°V' nuopeeLAGq SPTTTcX Monjq DG coLLeJSçoq MJJJ 'op
siJq IA eaçwsçea °L & nonjq SsIU pe psaeq nbMSLqa jç aoeUJa
11
g1jop wnjçibje cpflqLeU JL0w a&Iue tswijA suq qsnpçcLa sa MGIT sa
83 ESfJJGLB j.X aswbjc couboaipior qfljeLa LLOUJ aosou (1ôô5J Tu I
aswbJG couaaça o CJJTqLGU (830 aoua suq g qanpçeL.a) wsçcpGq
occnbscTou suq IuqnaçL.X SLG 9AsJ9pJc IOL poçp IsçpeL &uq cprjq wX
boaTcTAe porlLa siiq G3LUTIJa suq (2) TIJLOLIIJ9cT0U Cu cqncsçjou
53 suq Tv MPTcP fG IflGL Ta s ponaepojq psq 9G 52 MTçJJ
T2 c je9aç OuG ps;MGGu 1à28 uq 1ô8ô TV MPTCW cpjq Ta jsaa
z4oLJceq! (3) cprjq,a I3fl1GL Ta ponapojq pesq TV TaQS! ()
OL abonae seq 52 OL OJqGL' MJçp boaTçrAe jspoL e9Luua st'q O!TL2
jssaç OUG XG&L peçnesu JQ 9uq J5 1'-' MIJTCP 2\JJG T2 ponaepojq peq
Cpq Ta STTAG 911q JG22 is XGSL2 oq TV iaes (5) JJG CJJflq pa &ç
couaiaça oI gfl cpflqLou a9çr2Tjqu LOiJOMTU cLTcGLTS: (I)
Tucowe ponaGpojqa LOL uon j ocna ou L9UCW cowbousuç HA aswbje
02 bobni9cTou uq b0AGLçX, comboVGuç MJJJCJJ OAGLLGbLG2SIJ12 JOM
aswbjea: fJn L9trqow cowboueuç rucGuqGq pe LGbLG2GUIScTA6 ot cw
TTUJC bsLeu;a ;IJGTL qnç cpJqLGu jG b2ID cLcJa aebstsçe
ponaGoqa Ips; abjç oU JLOW oLTu&J afiLAGA ponaepojqa euspnu JUG
L9WTITGa aplce iaea \IIJ TWb0LPSW tGScflLG O flJG E2TIJ Ta jJ9 Tç
(heIDi IPG E21D T 911 uunsj anLAGX psa oJoMGq TjXGq Lonb o
HA bLTUCTb9T q9p9 8OflLCG T2 IPG b9VGI oi I1O1 D?W9WTca
III DVI.Y
AsqfA 01%. LIIJTOIJ &uq uqnaçL2 açsçna
TUacLrnuc csu Th2G LeacLTccToua fO GX9WTJJG
Q conLaG TL OUG scceb;a lop qTabJsccwcuf T
nbbGL pornJq LOL fG fLflG Twbscc OL JD&LGUf9J TUCOWG CU cpTJqLGUa prIuJsu
nuopaeLAGq sPTITIX1 TV MPTCP c9aG JIJA GafJJJ9.pG2 CI & &Ln9pJA SLG 911
JJOMGAGL 1TIJTOU suq Tuqilaf LX bLGWTS Ste bLop9pJX TV b&Lç qnG ço
15
cpjqa suqeL
OH JJG cOUapSLLp' LSCG &ijq CpJJqLCtJ,2 G ASLTSJDJG2 go qTflGL pA gpo
sjao pJCJIIqG 911 JuqcsgoI. LOL IJOUMIJTIGB. J 9JJ014 J3G COGJC7GUg2
suq aswbjs SAGLSG2 O I&gpGLa suq cpiJqLGu1a SG 911q SG Bd1TSLGq I
Sf GLCUf boruça O1 ff16 TTtG CACI& lilA LGL6a2OXJ2 TUC}fTC{6 S CODfSUf
;P12 p]S2 jO COLLGCg tOL gpo Let; ;ps; I OpEGLAG LSfPGLB suq CpflqLsu
COLLGJSfIOLTC qOMuMsLqa' sizq gpsg SAGL9TU OAGL CGAGLSJ AGSL2 sggourrn;oa
LScpGL2. bGLLUSIJGIJg TUCOWG PTSBG2 oagiiJ&geq TUgGLGIJGLSfi0USj IIJCOWG
(T88a Toas) siiq STIIJIIJGLIJJSU (Taos) EJJOM ;p&; WGSBITLGWGLJg OLLOL T
opgSTu gpo moag SCCITLSgG boaaJpjG uJ692RLS oj JDGLWSIJGH; THCOwG aoro
GSLIJTIJ2 9V¼GLSG MS62 GLIJIua 9IJq TUCOWG OAGL W9IJA AGSLa go
SUU119 poliLa MoLGq LGBIIJE SLG 2IIJJTISL IL I GXCJfl6 AGL2 OI SOLO
TucrTqIJ AGSLa oi SoLo GSLIJJIJa &uq cowbnçs SAGLSgG nsoa Grpgru pA
ponaopojq posq OL abonae eoq 52 OL oJqGL• J cowbrigo &AGL9€G GSLHTH2
SAGLSG M&Ga suq GSLHTIJ2 OAGL SJJ AGSLa JLI etpCp cpq Ta S
bogeuglifliA acTII qobeHqGu; OIl bSLGUç9 aflbboLf LOL cpJjqLGIr I
soq 52 fO e suq ILl ttpcp gpo cpq ra 1022 gpSii 53 AGSL2 o suq gpna
bSLsu;SJ ILYCOWO OAGL SJJ AGSLB III t4pTCp gpo LSJJGL Ta s ponaopoq posq
MSG2 SLO GXbLG22Gq 7U 1088 qJJL J SAGLSG LScPGL2) GSLIJpJ2 suq
MS6a' IPOL eSLuTIJa suq AGSL8 ox acpooJTu icowc' GSLUTIJa suq
JLCOUJG oI pesq suq abonao LOL cpflqLGxV WGS2IILG pnwsu csbTgsJ napJ
bSLoufsj flJCOUJG' couaaçru Ot ]SpOL GSLIJTU2 SaaGf LJCOWG srq fLSIJIL0L
gMO WOSEIILG2 OL bGLUJ&JJGIJf wCOwG: LSPGL2) SpOL GSL1flLJ.2 s:uq gogSI
o bSLGIJ;a suq gpo pnwsu csbigsi o gpGJL cpJJqLGu LOL bSLGLlga nae
NA cuJbTLTcSI 2gLsgGA LOdnTLG2 cpSg I WGS2IJLG JJG boLwSuoug TIlCOWG2
LGEiIJf 8 gLoSgJIJ 20112 siq qS11pgGL2 aGbSLSgGJiC
cpiIqLGu Low ;pe asme LSWTIA suq j GXSWJLIG pogp boooq LG2(IJga SLIq
aoua• pJ wA GIIJbTLTCSJ MOLJC I 511014 qTagnLpsxJCGa fO PG COLLGJSfoq SWOLl
13
1156 L620J2 iuqcsç6 ff3; pejouiu cc 9 nUJoU psa 9 boarçrAe suq
flIJJCUOMU LCLUJ 92 MGfl 92 &LpJ;LeLX OLLOL COASLISUCG bqçppJ ISUFfJC2
SLLOL2 Ste TV bsLeufpGaGa 9Uq SLG opna; ;o pG;GLoacGq&açcj-;X °L
jncjc (STTY J LeboL; CUIX G2;JllJ;eq CCGUTCTGIJp2 on a;uqstqf—I
.%gLspG& LSTJJGL2. Cp2GLASpJ6 afcrrra (X3' suq LflIJGLBI O2GLA9T6
&AGLSG G9LUJIJ2 &uq Jo &AGL&G bsLeu;9J TUC0WG ou qewoLsbprc
bLG2GU;2 LeanJ;2 LL0IIJ IRe flL2—8j9G LGLG22TOIJ2 CJ I&;JJeLa, JO
cLoaa—aGccJou A9LJs4qOU TV bsLeuçsj UC01UG yccoLqrUJA' ISPIG 5
rUqnaçL2 svq qabscGweU; GXbGLTGUCG Ste TWb0L9ILV 2CIILCG2 o
NX GWbTLTCSI a;L9çefl MIII 6 TUL0LWflTAG OUIX IL (IUTOU'
tesaouspj? ion close absu ou
q9fg beL cpjq' rwbIXru cp9 j uSeganLe bGLWEUGIJ; TUC0WG 0A6L 9
&A6L9G' pse sjwoaç 5 AGSLE oi qsç9 beL I9;JJ6L' 9U CA6L 3 XG9L2 OL
L1L81 C9EG Ta CJC8GL fO fife LSIJJ TV ;PTa sIJq aflujJSL. IUacsucea QU
IRe cpus' CL ;ps; sJJ {sçpeLa Je JV S c]fX es beLceu; oT ffe flWG
LOL LSIIJGL2 conq IWBIX IRS'; es beLceu; o 9pJ6La ITAG JV 9 ciX sjj
9A6LEG2 OAGL ;JWG jpna' LOL TU2ISIJCG'fpG LeboL;eq away c;a;OLOL S'TI ASLI9pJG2' I LGbOL; WGSIJ sCLoaa a9lUb]G WSWpGL2 OL UqAqfI9J
ISPIG j bLG8GUçE qeacLbfAe afsçia4qca LOL I9fJ6L2 suq cpflqLeIr
cpsueq psuqa' WOAGq on; °L ;CMV' CL MGIJ; on; CL
MGfJJ6L IRe LSfJGL GAGL L6bCLça I02TU s op pecarlae fIG corubsuA ofcjGq
9Uq epç CIJG—qTT; TUqfIa;LX qnBJWIGS' 3I0U MJfJ SLY juqjCsr;OL LOL
AecçoL 5' CCU2J8 CL LSIPGL2I MIfJJU—2SIUbIG 9AGLSGa OL S nIJJOIf qniijwX
LG2nJ;a SLG 271U773L IL I 3120 TUcJnqe WCJJGL2J GqnCSfloir jpe PiCK
OCCflbS4qCUSJ qItUWIG2' s w9LLT&G qnwwX gu away qnwwA 9iJ 9 2CflW qnwwX
2CJJ00ITU 9LYq LSIPGL2, M]fpIu—25111b1G gAGL962 C GIPI CUG—qJ;
iu cpra bsbGL' ;pe spjçA ASCçCL IUCInqGa T_SIJGL2, XGSL2 OL
sJaC LGdnJLG CP2GLASPIG W6S2flLGE °L b9Leu;SI sp111X suq PICK
jpe aecauq cajnwu ot tnac LOM bLGaeuça ore GacTwscea oI & ILow
oj nsee &iJq G&LUJIJ8 aT. &LOflIJq O•
couaracsuc tuçp aojou (J3)' Mpa T.7rJqa TufGLeueL&c7oU&I COLLG7ç7ou2
03Q1 wq aTUTtTC&UPTA q7GLGUç tLOIJJ SGLO jp72 G2flWSG 12
CoAgLiguce Mrçpru tI1J1I1G2 IPG G2crw9ceq ettecc at IDLGIJ;SJ IUC0WG 12
Lapna pGfGLoaceq9açcçA OI fflJJCIJOMIJ taLw suq &LPTL&LX GLLOL
JO SAGLgG bSLGILç&J 10cawe fsuqsLq GLL0L2 Le ID bgLGuçpsae2 &IJq &LG
LGLG22T0U at CpflqLGU1a ja gAeLge MG2 aD qewaLgbJJJc AsLIsplea &uq
10cawe JJJG LILa; cajnwu at fJJG LIL2c LOM apaMa LGaflJf2 LLOUJ SD ore
cpnqLena prnusu csbcsi jspje bLeaGuça LG2IIJ;2 napi ca;sr bsLeu;sJ
nTa aecçau bLeaeuça ea;iussçea at w wb&cç at bsLeu;sJ wcawe OD
IA' ENEIHICYF HEBUFIC
;psu hi bSLGIJ;SJ rucawc
uO w2;Lnweu;a csb;nLG WOLS cLaaa—aGCflaD ASLIEf ray T t5wGL21 CSLUT1J2
O'oIQ taI ucawe ;pe bsL;TsJ —2dnsLGq a oo3 IPI 2flG22
ASLISpIGa suq apaGLAspic ajcijjr LOL GSLIJIU2 we bSL;IsJ —adnsLGq 12
cawbaueu;a at suq sc;trn iucawe aL;paaiJs a qSWaLSb}J7C
bSL;TST g—adnsLeq ednsI ;pe adnsLeq caLLeJgçau peçMeeIJ ;JJG
'law; TUaTU1tTC9UCG at s'; ODG beLceuç JJJG 1USJ LOM LebaL;a ;pe
taI pa Let.eaalaua S f4Jq G9211X LG1GC2 flJG IJITJJ pAbacpeala at
taL paçp WGS2flLG2 at Tucawe 115626 Jua;Lnweu;a SLG pISjJJA 2IIJ1tICSIJr
SLICTifl1TLG JJJG caettrcleu; aLi ')aP ia2a 12 U6ScTAG SiJq 21U1L1CSU
suq wcawe ;p9v ']apa w açper.. pJqnaçLJea bSL;ICIIJSLJX 2GLAICC2 suq
uJguntsCcnLIu sug eUeLpG 21IJ1t1CSLI;TX JJ1JJGL 69LUTIJ2
LeIS;TAG aeLATce2 eAJqeIJ;A 1,apa ID WJIJJLJ caisa;LfiC;JOLr
lwbsc; au 1UcallJG jpe uqna;LA caettlcleuca LGbLS2GIJ; lWbSC;2
arultTCSuç ettec; tscpeLa, eSLUJU2 suq s baalclAe pci; 2W&JJGL
12
a COLLGSGq scoaa 6IJGLscToua L0L Tuacsuce IL cpiJqLeu o frnJou
HGCSTT cpc sara safrwscea o S. wsX açJJJ pe nbM&Lq p&aeq IL JITCJC
LGafLTcçioua DCL exosusiçX
LOL )JT 9L9 qcuçcj C9LT LGIG0ç LJGTJJGL OAGLJqGrxXu
pXbocpeala 0F2 svq aa GaçIiJ9pGa O{ S. COUcLCJIIU
o exosueIcA o bSLGIJ;SJ IUC0WG ID GdnsçJou (1) cowbnçGq pX
o fIG pXbocpGara cosIj.IclGuca ou &LG SGL0 uq g
LG2qfIsJa Cu qGWCEL9bJJTc2' xT_T uq bcLoLwTu
oAGLTqGuçrAiu LeacLrccIoua' cowbnçcq pX L6LG22Iu fiG Gaçw9çeq sara
LCtt bLG2GDç b—AgnGa CL %C abGcrrcçrou g oi
qIUGLGDc LOUJ SGLO jJIG L1U91 40 COJflUJIJ2 C fIG JJL2
LGqrIcGa fIG boruc G2IWSfG CL & LLOW 0T8,1 —oioe MPTCP Ta 110
JuqnapLA uq lop ioaa GXbGLJGJJCG IuacLnwGucID JCL bSLGIJ;9J TuC0IJJG
naiu fiG AGC;OL couaiajqu CL qcnuwX AsLJpJea LOL J&;JJGLa1 iiuioiY
COTfl]JJU CL jJG 3 bLGaGuça sara G2çTw&çGa CL (.1) IU2cLnUJGIJ;IIJ LOL A
nuopaGLAeq qGLGUCGa IL! SpIIIcA 9wou b9tsuça yccoLqTuJX fIG
nbnLq p92 Ill & 2OWG P192 12 1TJCG1X fo LGIXJSTD IL SLG IIJIbOLf&IJf
MJJTTG cCUfLoflru LCL opaGLAspre aJcrrra bLGanxuspJA LeqrrcGa fIG
bsteuçj IucolIJG &uq &PITIcIG2 SLG scLoaa GusLgçJCua
qGwoLsbprc2 SLG psaeq nbM&Lq pX s bC2TçJAG CCLLGJçCIJ pGcbtGGU
o & cCufLoJ CDIX LCL
aKrTIa G2çTWScG CL & LGllssrua afsçiaçrcsflX aTuTLTcsuç prTc tsiia
w9tJçsJ açsçna siJq ITLPSIJICT;?V MPGU I CCULCJ LCL i&pGLa1 CPaGLApTG
JucJnqGa WGS2flLG2 °L &fiGL2 GqncsçJou CCC(th9f1CD LG8ICD'
n}JGLG K Ta JJG cpjq1a JC MG A11 12 1C bsLeuç TDCCWG siiq
I(.1) K = DG1UCLSbJJIC + A1 + y +
ebGcILTcscTou
WS1JJTIflC;fTLTIJ (p53 flUisa 5Jg L0flU2 T3eY MJJG V Lf1JJ MG JUq
MonTq exbccç ;o iae C2G2 115 M]JJcp poçp I&fPCL flfl cpq MOLJC TV
0J MOLJCTTJ TV WSUflJ&CflL11J MGLG uqGbGuqeuf cLoaa 8GIJGLSç7oua' MG
sXJq e53 of oJ JQ 19;pGLa MOLJC JU 1uSVflL&ccflL1IJ ji bLopspTJTcX
sxbecçeq wsçcpea Loz GxffwbTe 3Q onç ot ieea qJqLGu (518 BGLCGTJçJ
LJrnUpGL o wsçcpe MPTTG iruw cojnwu apona ;pG L&çTo o sccnsi
MGLG TuqGbGuqsuç 3CL022 GuGLgçJorJa Ps IOflLçjJ COJIIIJJU 2J50M2 JJG scnoi sçpGL—cpq IusçcpGa OUG Monq oxbecç a nuou uqnaçLA suq lop ioaa
CJJJJqLGIJ IjJpJ JUf 0 GSC csçGOL?v jG fpJLq COJIIIJJU 2JJ0M8 urnupoL
ITUJOU suq lop 1022 C&fGOLJ62 jG aGcoUq COJflIIJIJ 2pOM2 UflIJJGL O
2JJ0M2 JJG UrnJJpGL 0J IpGL 0p2GLA9fJ01J8 IJflU JU qJGLGUf UqnaçLX
GAJqGUcG ou bGLETEfGUCG °L J&0L w9qceç jncr jpc LTL2 COJIJIJJU
T1TCJC 72 COLLGJS;Gq &CLOBB GUGLS;JOU2 I9PIG 2 bLG2GU;a qJLGcç
fl.JG tscc cp sara G2JWSfG 72 JOMGL 0L 2JCJJJ MG2 2BG2f2
2c&;T8;TC&TTA aiurtTcøuc
o —Q55tf fJJG q7ITGLGucG pGçMGGU QJ suq sara açwsça 72 UOt't
1J;;JG TuJbecç OU JJG ora GaçTIIXff;62o & pri LGflCG2 f}.JG sara G2ç7wçG
ELOW jspJG 3 LGW0A1J bL; Oj. cpTJqLGU1B MSG2 qnG JnCJC jrna
0p2GLApJG 2JCTJJ2 &uq bsLç qrTG crnop2GLAGq LsaTqn&J SpTJTç1V
qnG WG&2IILG ucnqe poçp bsLf oI MSG2 qnG
MsG Gdn&J cçcsj MG WJUnB COWbOUGU °L fJJG iiççeq MSG
srroMrua sIr COGUTCTGLJca q7flGL pit svq€ I fJJGD 2Sf JJG IIITTI
cpJ1qLeU2 OP2GLASP1S 21(7112 suq cpjqsua Op2GLAspJG jnc
LGLG82 CpJJqLSJJ2 J0 9ASL9G M9G (AT) 00 qewotstpic AsLTsp1Ge
cpTrqLGU1e MSG2 qne fo 21(JJJ jO secJWsfG cpTa cowbouGu;' I flL2f
9CC0Lq7UJA exswuGa pubscç o. bSLGU;SJ JUCOWS 00 fJJG cowbouGu; 0.
GAGU ij bsLeUfsJ JUCOWG bsi. G 72 TLLG1GA9Vr IPG aGcoUq LOM 0 1P1G 3
tscpe2 9AG 90 6qG eç;TIJ £10100 lope fpswaGjAea wgX LSLG 1tG7J
Li
acpoojiu bGL cJJjq MRGU I COJJLOI I_CL L9PGL2 opaGLAspJG ajcjja priç
psç qonpju ID&LGLLP&J nrcowc bLoqncea gjwoa1 fMO AGL2 O G)CPL
pGcMGGU btuçs jucowe &uq cpqLeLra acpoojiu ;JJG G2fW&çC anGaça
couqrçrou oiijX ou qewoL&bpxca' i uuq s açLou boaiçrAG LGJsfrouapJb
AGgL2 0 acpooru S qebeuqeuç stspre pjpGLJ I aae ore siq
IP° LTU&I LOM O ISPIG 3 bLG2GL$ça Ga;IIIJSçSa oi (33 naru cpjqLcua
LTAG bGLCGUç LOL G&Lu7u2 uq sç beLceuç LOL ajqjj GSLIJJIJ2
LGafTTc 72 LG1•GCç oAGLTqGucTtXTu LeaçL7c.p7oua 9f
qrijeLeucea pGfMGGU ore uq sara LG uoç a7u7.7CSuç• y aoweMp&ç
jG GgLuTua Gaf7wsGe &LG JG22 bLecJas MG eaç7wYçea ao nis;
cpqLeua pnwsu csbçs" sçponp G2çTWS;G2 SLG uoç aJthifl7csuç
JrçGLg1J? aneaç TsçpeLa TucowG psa s ueçrAG 7wbscç Cu
sara eaçwaçe GAGIJ JpLpGL' —O'30Q JJJG2G boriç eaçwsçGa'
—oiQj &uq LGwOA7JJ bL; O cp7JqLGJJa G&LU7IJ2 qne JIICJC LGqITCG2
Ju2çLnwGufiu toL b&LGIJ;97 7uCOwG p0MGAGL1 Leqncea Gaf 7111&4G
COLJLCJ LOL tsc}JGL2, OP2GLA&PIG ajcjja pnç LGWSJIJ2 p7pJA aiLJiT_rcsuc
coufLOJJIu OJJX LOL q6WoLSbJJ7ca ra t9IJa 0557 M15GU I
69LU7IJ2 cc LtJG2flLG 0I cp7JqLGua pIBJJSIJ cbisj jpe ore eaç7w9çG oJ &
1156 f7L suq OnLçp LOM2 0 j96 3 bLGaeuç GAJqeucG naiug IP0L
&ponç 52 bGLCGLI; pejort cpgucG
GuGLçT0u2 715 I_cf' WG UflUJGL 0I TJ0P—I02TU T_gfpeL—cp7jq bsLa 72
bGLCGLJç GXCG22 W&fC15ILT L9c6 1°P J022 iso; bGLET2;6LF; 9CL022
a;flrja 9720 &bbGSLa pe C0LLGJ9fG 9cLo82 G1J6L97oIJa MJfp S
bGLcsuf prpGL ws;cpu LSf 6 ;psu Cue Monjq exbecç pA cpsuce f)uTou
7uqna;LTe2 cp7JqLGu MOLJC 115 flJG 29mG Iuqna;LA 92 WelL sps' S 8exbecç pA cpsuce (laa qJA7qeq pA J3Q ra lcwr bO0lTu OAGL 977
bSLCGU; pG;çGL C}JSIJCG O M0LJC7u TL WSUf1I9CflLJU Cue onq
iaa ancp csaea cpJJqLGu MJJOEG I_SflJGL2 MOLfC 71 wSunJScçnL7u ;pna J5&AG S
18
o; 0AGLJq6UçJTjJIJ LG2çLJC;70U2 (Uoç LGbOLçGq 1 LpT 9? npcp SLG uoç
GefTwçe2 113 0flL oI TL" caa fl372 GUB70U 12 &720 GA7qGuç T
LG2nJ2 MJfp JIJqn2çLA qnwwJGa GuoL9ç1u anp2çsufJsJX PJpGL bow;
pOMeAGL pG4MGGU 7Uq02;LA LG2ITJ2 siJq fG (1131013 EIJq T]Op 1022
csaoa &iJg StG ues;7As 713 SJJ pIl,C 140 c9262 IJJGLG 7 aows JGI5210U
;pG SCrC GEfTWflGa O 9 JIG pGJ0M coLLG2boIIqJL3 ara Ga;iuJ9çe 711 977
OAGL9JI LG2nJç2 9LG pLo9qJA LopHa; fIG cpoIcG 0 1ua;Lnweu;a
1—I T—TfIG JU2çLIIWGIJ; AGCOL fO fIG AGc;oL oL 02GLA9JG aJCJJJ2 x.
JU2çLnWGU;2. JIJ GXbGL7WGUf2 J LG&22JIJ A9L19pJG2 G3CcJIqGq LLOIU
LGboL;2 LG20J2 fl2JL1 7uqna;LA 0137013 SIJq 'lop joaa aGbeLSçGJX 92
jJJG 52F3 LG2Jç2 LeboL;Gq SpOAG 02G 977 lU2LflWGU8 ISPIG 9
N1SL1YJcTr6 Wcutu3SUt 11Z
bsbGL LG211742 LOL LgçpGLa G9LU71J2 9LG pLosqJX 2JwJJ91/
LG2OJTLCG2 9 btyoi.V J /77 L0Cf13 013 b&LGII;97 TUCOWG LOL fIG LGE OL fIG
WGAGLnJGIG22 2TIJCG IJJCOJ.JJG 73 9 0LG C01UbGJJ7L1 IUG&2J7LG 03L bSLGIJ;9J
2fL01JJX COLLGJ9çGq n;p sçpGLa G9LIJ71J2 flJSU bt7;p ;oçsJ IIJC0WG
;psu flIO2G IT2JU bSLGIJ9J 1UC0WG GCS1T2G IIA IIJ2;LOIUGU;a SLG IIJOLG
G9L1JJ1J2 IPG sara G8flIIJ9fGE flE71J T,&flJGLE G9LUIUE SLG woLe bLGCJEG
suq j LG1GCc GxoGuG7çA &ç flAG bGLCGIJf LOL 2JC77J M9GE &uq EJCJJJ
Juar&17Jcsuç J LG1GCJ fIG 0AGL1qGIJ;7TjJL1 LGE;LJc;Joua I%0L G9LU7IJ2
boaj-;JAG stig arnrtrcsuc' MpJJG fIG sara eaçm; SLG IJG&JAG 9vq
9LG EIIJJIJ&L ;o ;poae nau b&LGUçSJ Income: fIG ore GE;JW9fG2 0T 9% SLG
cj bLGEGU;a L.GEOJ;a naiu sçpeLa G9LIJ1IJ2 jJIGEG LG2flJfE
2J1JJIJc9I3çJX qfll,GLGU; LLOIU OIR s; ;GI3 bGLCGIIf
LOL bSLGLIfSJ TIJCOWG JJOMGAGL? GEflUJSfG °L GC01JJG2 UG9;7AG srq
7JJCOWG qGcJuGa po; LGIUSJUE boar;IAG sug aJuflTc9u; NV613 I 7u2çLawGuç
cou;une 112G ore' fIG LGabonaG oI cpJJqLeu,a Gqnc94qou b9LGUçSJ
To
qEflJ3çGL2! 2T1U1J3LJA Gxceaa LsçG o OUJOD wsçcppi 28 beLceuç
JIJqO2çLA wçcp1u T2 QQ bcLccuf LOL 20132' 0f oiijA 3.j bGLCGUf LOL
poççoui LOM2 L j&JG 2 afthboL flJ2 COU1GCIILG file GXCG22 oi
sçpeL2 pedneçy nurou uq JuqnaçLX açsçna bL1WSLTIX 201J2 flJG
ISLGL q7eL6uCe £01. 20132 LOL q&r1pçsL2 11.112 2flG2f 2
LGwoA1IJ cowboueuç OL cpflqLou,a TU0OWG qne JTCJC W&JCG2 S wricp
aLxflJCSUf' bLTWSLTTA GC9i126 0I 2IJJSJJGL asiUbje 2lsG2 LonLcP'
fJJG RLGLGUCG2 peçeeu ore suq sara ste uo j01J6L açsçiaçicajjX
eaçiwsçea 113 9jj c&aea' suq ste UGSIAG 10 EJJ pnç po CSEG2 jpJLq'
ocoxJq' eaçwsçca L T1 Gj0M coLLeabo1JqIJ ore
eaçJwsçea o 3. ste bo21cTAe siq aI57JcsVç LOL pow aoua SLiq qr1JJçeL2
aebsLsçejA £01. escp euqeL jçeança 91.6 92 L0110M2 El12' fIG ore
qJeLeufjX yccoLqJujX' 1 jSpJG .Y I eaclW&ce ediisoii C!)
HOMGAGL' Ic J2 boa2ipje bsLeuçsj WC011J 9IGCf2 poXa siiq 1LJ2
1116 abeclLlc9cloua LeboLçcq SOAG booj aoua sLrq qsnpçoLa
OU? O5PcS1 siiq G SLLSG ¶1flI4CG
onjq bsX LGIJ2 LejSçrAe OJJGL JUqT12LJG2 ID fJ.JG JOL1 LOIJ
(11310132! 013 file OjJGL psvq' c J2 pgLqet GXbj&III blpX aoIJJe IUqrI2cLIG2
0131015 lopa bSX LeUça' 2IUCG G1JGL9TU LGU2 ra s bLIIIJ9LX o91 0T
couaJaçGLrç MJfp bLJOL joc: 7; Mofljq iso; pe 2nLbLIal1J ;o uq ;psç
GIJGLS6 dnenea MfJJjG p7p—M&e uqna;LX TCpa qo oo; ic J2 9j20
couaraceu; Mlçp HOISGL scs suq KL0eL (TaOTY t4jJO JUq fin; (113700 1•opa
sp7j;X ;w' nuron suq op 1022 GXbGL7GUCG 11112 J0fGLbLefi7o15 Ta
LG2flJ2 J2 ;ps; 1IJqn2;LA Ja WOLG boaJ;JAGjX coLLejS;oq M1;p 000paGLAGq
C0WPTIJ9cT0U Miff eifpeL 00100 OL lop joaa ODG 1u;eLbLe;&çJ013 °L JJGBG
egLLj1Ug2 suq ajqjj eSLUrI52 14JJ60 J 026 IUqfiapLA qnhIJwIea sjoue OL JU
LGGCGq MpeU I COWpflJG 015100 suq lop joaa psi; Ste Le')ec;eq £01.
so
L6 j%5SZ6 EZP13G 0MUtk9Lqz,
2661112 L0f12f fa 9AGL91U cf57qL6I52 OMU sisq abaiia&i 715c0w6
coucjnaiou ff59f BLSUçSJ pscowe p92 flffj6 Twbscç oIl cp7qLGu,2 21(7112
LG2L7C7OU2 SLG IJOf Ls']GCfGq 7u 9IJA abec11c9f7oJr 0AGL911 fJJG
LOL nusq']n2feq TUCOIJIG 715 ffsG 20152 2sllJbJG EanLcp fJJG aAGL7qGuf7X7u
beLceuf LOL nusqnafGq M9G2 9U 21(111 7ISCoWG tOL ff56 booeq asrnbie srsq
ajc7j pscowe ps aoua a9wbJe! G2fIIIJSfG2 9LG RLGLGUf 9f f6JJ
UAG bGLCGIJ; LOL ajqyj M9Ga ru poçp boojGq 9uq 20152 29wbIG' rsq tOL
jp7Lq ora suq sara G2JIIJ9G2 9LG q7GLGUf Sf
JIG GJOM fG ore G2f7J.U9f62 715 9JJ C92G2 suq 9LG UG9f7A6 7" 12 Ot 18
Jucome 9JOIiG 2flG2f7U 9a2oLfSf7AG Iugf1u 3Gcouq IPG sara G2f1w9fGa
(stlq u W&UA C92G2 J9L6L ff5915) G2f7lU9fG2 opç&pieq f127I5 Cp7JqLGU1E
aiuricøuç 715 9J7 abGcItIc9cioUa jpe ore eaçwsçea Ste coIubYLspJG
H620112 SLG 92 LOJJOM2 L7L2f ff56 ore 62f71119f62 0T & SLG baa7f7Ae suq
M9Ga G9LU7IJg2 uq 7UCOIIJG2 0I cp7JqLGu isq ff5671. abanaGa
yccoLq7uJX LL9PI6 8 bLeasufa 62f711J9f62 at cdti&çou () gAGLg11ug
A9J7q 915 isqcsço oi f5GL pniu&u csbJf9J 92 JJGL OMU M9G2 OL 69LU7U2
f57JJ—G9LUhI5 jsnp&uq ——p61. 2JICCG22 715 ff56 W9LL19G JJJ9L1(Gf—— WETA G 92
f5OWG bLOqflCf7OU II 2HCJJ C11JfrTLG2 9 M0VJ9IJ2 sp71X fO SffLSCf S
pe TIJCOLLGC tOL CflJIILG2 JU MJJICf5 MOJJJGLI 9t6 exbGcfGq fo abGcJSJ7s6 III
WSS2flLG2 at f5flWSU cab7ç&J tOL poçp 111615 suq MOWGIY jf572 saanwbfJoIJ W9?
JJ9AG fO ff572 boluf 922flIJJG fJJfff M9G2 69LU7U2 suq acpaoJ7JJ 9L6 A977q
2b6c7t7c9;Tau LGbaLfeq 715 jSJG 3 11192 pG Tu&bbLabLJs;G JOL q9flfJfGL2 J
1P6 aAGLTqGuf7X7u LG2L7Cf 70152 f62f 2 2nG2f fp9f f fiG
pa; auA alice LOL 20152
aAeL7qGuc7t?qU LG2fL7Cf 70152 7L1 tOflL an; at t7AG C9262 tOL q9npfGLa
tOL 2aU2 pa; aujX 1,1 IDGLCGUf tOL q9npfGLa LTtcP' I LG1GC ff56
51
Leuça 01.. bsAwsuça tOL ITU02GLAS bLoqncçTATçA q1tIGLGucca Jj. rTIflau aug
Juqn2pLX MG bLelu7 Leflec; co1ubeu2sçTu qJtGLGUfl&Ja L&4370L ;jnu
GC0LI iu2 GBçIIJJaGB at 3 corijq pG p79aGq qoziuttstq It IUJIOIJ auq
IaçpGLa incic cc qGuç7Ij Iwbac; at baLsucal lucowe ID cpI açriqlv
COLL6J9fS tOL woçpea LOL 9flJ6L2• jJ2 I zqi2 j 026 OIJJ2
IIJ&LJCGf ObbOLfilIJTTGa arq cpq CSLG SLG IUOLO 1IJCSTX PG uGsf1AGJX
IU9LLTGq IUGU (KI11IJJ2M0LcJJ auq HGCJCIIJ9D (JgQfl' ansaçu
p UJITC}J UJOLG GJaaflc tOL W9LLJGq MOiJJGU tOL
(bGUc9AGT (Jà8Q)) auq ;pe acacIc sjaa;ici;X 12 bLGanwapIX GAGIJ 21119JJG1/
IUcGLcSWb0LS1 G192;IcI;X at iapo aribbiA tOL JJJ9LLIGq WGIJ ra dnJ;G IOM
acaclc elsacIcIcA O SJD0I.. afibbl?V ExI2cIU LGCG9LCJJ anGaça ;jJa; ;po
ot ts;pL2, bGLW9UGU; M9G cu cIwG abeu; tiçp CJJflLGD qGbGuqa OIJ flJG
Lcan1cIu qoMuM9tq J92 12 ITUIIJCGIA ;o G J9L6 ru bL9CçJCG 1P6 Iwbac;
tWIT6 flJT2 2ç0LX CaD L9IOIJ9TISG ia LGanJ;2 ID bLIUCIbJG'
;pau A&LJ9çJ0U qne ;o qLabbu woucX cu qooLaçeba
ASLISflaLJ qric ;o J9OL IIJ9LNSIC 117C1C IUaA GIJGL9G JOMGL Gaçiwaçea 0 &
ccnuçsc; ;pe peutca at Gx;L9 baLGucal IucowG ID ;J.JI2 2GU2G TIJCOIIJG
;ps 9AGL2G eecça o oaq 9pOL UJSLJCGf J1ICJC aD E;pGL2 cIWS waX
cpuqLGIr J 9flJGL2 ;IwG Ta JwboLçauç cpflqLGua qGAeJabwGu; JJGU
tacpGLa MflJ3 uaurlulau opa waX MOLJC 1622 auq 2bGuq UJOLS MI411 cPGTL
E9WGL2 MJ;p tIJJIOu 'apa toL iuaçauc waX MOLJC W9VX JJai1La MJJIJG
IIUUJG9EfTLGq cpllq—csLe Iubnca luco cpJqLw1a priwsu cabIcal bLoqrlc;Jou
ElLar 9jJ6L2 J90L waLsç JIiCjC 1IJ9X pe DG9;IAGTX COLLGJSGq MIJJ
iu cpTa aecçIau I fl2C2 tafiL boacIpiG EOIILCS2 at ancp P192
uscrTLaTTX IGq cc M0JJGL It iuX G2flW9G2 o & carflq ps pa2Gq qabtIJMaLqa
NJJIT° PG2G Gaflw9çGa 9LG uc; acacIaclcaTTX eI8uItIcauc' 0116 fa a;T}j
;psç bsLGuçaJ jucaws paa a qG;LwGuçaj ettecc ou cp7jqLsu1a ajcflja
jsjccu TIcGL911X woe; at fI sara saclwacGa ;a cpla balD; anea;
55
L€fJTLU }Jnw9U cSbI;ST JUAG2fWGUç pJ cpflqLeIr MPGIJ I GXIIJJIJG ;p
jpJLq T.SgPGL2 ISPOL WSLJCG; J1TCJC IUSX peuGg;TAcJX COLLGJSfGq MTfp
(TLTTIJCGTA iuli GaçTIus;Ga SLG psaGq p2 combGuas;ru qJGLGu;sJa
couq;oua pa fl;çJG GjJGCç 011 Juqfla;LA bLGllJJS" OAGLSTI ;r; 2GGWE
cOnIJ;GLScç TUqna,CLX MSG qTGLGucGa SIJq COILfLOJJ7LY LOL MOLJC7U
suq 3IflJJUJGLa (1088) LP-'q LLTIJG peuctIf a LSTIJLOLCG LSGL
TSLGL Iiubscç 011 LLT1IG pSLJGuca WSLJ 017 GSLUIU2 2TIIJITSLTX KLnS6L
FGMI2 (lose) ciçe SAJqGUCG cflJioll a;s;na psa 'L suX;jirx SLY GAGU
0111011 suq UOIJOUTOU ']opa NGSUMJJTTG poçp LLGGWSU suq eqo (josq) suq
UOUOJJTOU M0LJCGL2 pit; scçnsj MOLJCbT&CG psssLqa SLG aTwTTsL LOL
LeboL; M0LKGL2 GXbLG22 IJJOLG COUCGLU MJ;p '0p aSLE;;X ;psu
bLGw1S LGLTGC cowbeua9ç1u qIJGLGUCG2 LLGGws suq .Gqoi (Ta8)
EWbTLTCSTTX ;pGLe 7 TTc;TG GATcJGUCG ;ps; ruJrou suq uqnafLX
JU LG2OJ7LCGa SASTTSPTG ;o CJJTJqLGIJ' pJS2JJJ wX Ga;JW9;Sa 0L & qoMuMsLq
qOG ;o cnyiou suq ruqna;LX MITT S&JU OAGL2&4G CLO22—LSWJTX qJTGLGUCG2
017 pT2 2011,2 GflCSfJOU 111 CS2G wGsanLGq JUC0IIJG qJGLGUCGa
Gu;Jfloq absuq pJa cowbeuasçiu qILLGLGU;JST 017 5 IJGM pos; LSflJGL
pnqjo S ISpGL MJJO p92 o MOLJC 111 IIUbTGS2SUc cOUqJçJOU2 wsX LSG
socsçc LGM3L2 LOL born. MOLJciU couqçoUa ;o cp MOLJCGL,2 couanwb;jou
pe riiJSIjGcçGq QIJ OpGL p9Uq' JflIIJJJJG2 wsA LScI0USTTX qecJqG
bSLeu;a ;o LSTEG cpJqLGu,a 2KTTT2 siq IJJX eaçJIus;Ga OL & 2JJOfTJq
cpJJqLGIV ;pGU M9G bLGIJJJS qne booL M0LJCJU couqiçJorja 2JJOf1 GLJSPTG
LSUJTTIG2 fLGS TT 201TLCG2 °L JLJCOUJG JqGU;JCSJA MGU iUAG2flhJ 111
rwbTicScroUa LOL IU4GLGUGLflIOI3ST cLSU2IIJT2BJOU SLG SWJflfl0fl2 IL
}DLGIJJJS SLG uaçcsq COIUbGU2SfTOU LOL born. ttoLJcJu couq;Joua' cpG
LSIUITA LG2O7ILCG2' P1S211J GaçJwsçeq 3. qOMUMSLQ L flUJOIJ 911q JIJqO2;LA
qJGLGUcG2 qite ft 0111011 suq IUqfla;LX MITT 0AGL2;s;G cLue qJGLGUCG2 111
Juqna;LX bLeluis cowbcuas;e LOL TOM LL1UG PGUGLJ2' ;JJGU WGS2ITLGcT TUCOWG
53
G JGBE bGLIJJgIJGU1 OfJJGL colubouGuça 0I. TUCOWG NX wGcwOqOTo
LonLnf Ipe cowboueuç ox TX.TCOWG qne nuToxP TuqnaçLX suq 'jop TOaa
TUqnacLA Ta WOLG COLLGJSfeq MTPJJ fTU02GLAG &pçA rmTou aç&çna
pTpeL flIJTOU eaçTwSçGa QIJG boaaTpTTTc? qacnaaeq &OA6 Ta
ansag gpsç flJGLG Ta 2OUJG OJJGL LGS2OIJ ttpX 7uqnapLA Gapw9fea o & SLG
2TUCS tscpGLa pcdne&p nuToU lopa bLTflLTJA aoua jpeas LsailJça
tOL aoija ipTa OO Ta TUCOU2T2IGIJI iqçp UGIAG TUIGWcIT0IJ afOLA
LGAGSJG fJJS (ILJTOU calTJJwcea OT & StG IJJfTC JOMSL LOL q11JJ;GLa çpsu
JUqnaçLX G2çTIIJSfG ET'-cP'- JU2bGCf T°11 J2O
OIJ cpJJqLsu1a acpoojiu JGç ILOW &PJS Q ITIJTOU GaçTWflS O S. LOL
IIUTOU aç&çna aponjq SAS s bstfJcnJsLJX J9xG uGçJAG JwbsCç
caa coiubejiij IPO UG&;TAG TIJ;GLSCITOU afoLX onjq JWbJ2'
JUqrraçLA GaçJw9fsa bou CJO2GL TIJabGCITOJP poMGAGIi cpa eAJqGuce Ta
eança O j9JJG TI MjJTCJJ fflJTOU GaTW9G2 oj S. eie pGJOM
açsçna suq cpTJqLGrsa exbacçcq L6fJLU 10 aJCJJJ acawa couajaçeuç MJfJJ cPa
VI LTLa; J&UCG' S IJGSJA6 TUIGLScIT0U psçMGGU J5;pGLa, (ILJJOU
ansaçu cpa L6;TILU 10 ajqjj Ta xjqabsuqeuç OL JUqnaçL
suq oçpeLa apo UqnaçLX MSG bsççsLUa SLG aTWTT9L pX occnbscToiV
TULTnGUCG cpJJqLsua exbac;aq LSçflLU aJCTJT! sUq anwwGLa (Ta88)
flpGL2 E51J36L2) TuqnaçLX' OLJ JJG ofpGL psuq Ta JG8 JJyGJX
LGfITLU aJCTJJ wsX pa T0MGL cpa LGIflW 0L CJJLGU o UOIJflUTOTJ
ISçpGLa SLG WOLG TTKGTX co eç LIUJOIJ opa axbecçaq
LGIFILIJ afqjJ T2 JOMSL LOL !IUJOU noLJceLa 2TUCG cpJJqLeu °L (TUTOIJ
bLGWJIIW Ta JJJGL LOL JGaa—aJcJJGq MOLJCGL2! pG COLOJJSLX Ta cpa
wsA UOf PG cLJ'TG reTa (TaaQY tOL JUaSUCG LJOçGa fpS cpa J7LJTOU MSa
Ta Juqabauqauç oi cpa cpq,a axbacçeq IIUTOU aug JIJqnaçLX açs;rir 1IT2
TWbTTCTIJX saanwJu cpa obçJwaj JGAGJ o pnwsu CSbTIST Tuacauc
LaTscTouapTb pacMa bSLGUSJ TUCOWS aug cpTJqLaLr1a 2KTJTa' I SOY
oU cpTJqL.Gu T JJG 29111G LOL SIT WTTTGa N. cLGqJç IJJSLJCG SLG
LGbLG2GIflSfTAG agujbje' iwbjicrçjX g22rnuTu rmbcç o bgLeuçgJ
wA srsj2aia boluI psa .ocnaq ou uscrousjjA
i�szrn; t0L lI3cow v1uiTsa
GacTwScea C01J;L0flJU LOL Op2GLASpJG 2JC1T12
GaçJwsçsa o 3' pci; csuuo; exbjsiu MpX sara caçlwscea o 3. JJG pGJoM ora
bo;Gu;JSJ1X &xbjsjii MpA COIYILOTTTIJ& OL opacLASpJe aJCflJ2 0F2
OQ suq OR2 Leabec;TAGJ2V EGL2T2;GUCG couaJqGLg;Joua csu
LOL fIG JIICJC &uq LGarqfrnT coJJJboIJGUa WGSLYMPTTG' fIG c0LLG;•0iJ2 &LG
oa' anea;iu cinc 7UCCWG qx-ie 2KTTT T 1DSL;JCF1JLX beLa7açGu;
ascouq—psj TJCOJJG ra OX8 Lot ;p aJCJJ cowbouGu; fIG coLLoJ&çJou T
qs;s twq flJSf CCLLGTSTOLJ pG;MGGIJ tTLac—PSTt JUCOWG &uq
qne qewoLsbpca) I pGU beLtoLlil 251MG GXGLC72G OIJ 2GCOUCJ—JJSfl
suq g cowbousu; qiic ;o JJG LGLG22T0U LG2TqnJ ( qJacsLq fIG cowbouGu;
Ga;rws;eq coGttTcTGuca couaçtnc; s 2MTT colubouGuc S JIICJC cowbouou?
OU I9flJGL2 tTL2f—JJSTL qGwoL&bpJca arcTTT suq incr I I2G fIG
abGJJ 711 pSJTj I flJGU LG&622 T0 SAGLSG t7L24-JJSTt bSLGU;SJ 7UCOIJJG
cowbouGaça oj bSLGU;ST 711C0WG J pGiu pA q7A7q7u GsCp tSflJGL2 aswbic
jo saaeaa boaa7p7J7;A j cowbsis beLa7a;Guce at qTJ.GLGU;
;LSu2Jç0LA OIJJGL qs;cLwuguç a ot TUCOIJJG
ore &uq sara G2;JnçGa1 f ius2 csiiae JSLGL sara psaea It JITCJC 12 JJJOLG
o bGLIIJSUGU; JUCOWS SLG UOf beLtec;- MPITG 11112 bLopIGw sflGca poflJ iijA
tOL S J9LG tLSccroU OJ fl. cAbIcST cp7jqpooq 4oue;pGJGaa wA WGS2IILG2
is AGSL2 a qsçg bGL tSIJJGL CII SAGLS6 GUCG J OpEGLAG bSLGU;SJ
G2ç7W9fGE oi, 3. MIII G p7SaGq SGLO HGcSTT ws; I SAG SWOaç
TfICIC jO fIG exçeuç fpS; WGS2JILG bGLWSUGIIç JIJCOWG M7çp GLL0L IDA
sç;ewbça ;o T2oJSçG fIG ASLTSf IOU ILl bsteuça1 bGLW9VGIJ; 1UC0111G2 qiie o
52
plt ouqoL' 9V 0 SA6LTIJ CpflqLSIJ,2 01415 &IJq abonaaj TucomG U0JJGL
pLoqJA L0fT2 fO feLusfiAe TU21LflWGIJ4 11212' 1° 2blT1TIJ 1P 2SWbJC
JIJ SJJ cs25a LflLIIJSL TJBbSCçioU LGAG&JG JJ& LG211J2 E4GLG
J3L66 O{ JTAS C9262' srsq 9t6 J&LGL ff5915 flJG coLLcabouqIJ ora
LmT1Tea ;p° sara cafTwscca oI & SLG açsç1aç1cs1jit au:csuç n
agmb1s jPG LGEfl]'C2 ansa; ff5&4 bsLeuça wousit mgççoLa 9W0U JOM TICOW
r bLeaeu;a eaçjms;ea o Gdnsflou () {OL ;pe JOM TIWoWS
COIJ2fLuTCTOIJ' WSIJIT9cçITLTIJ' sijq lop J022 SLG 21119JJ &uq TuaTun.Tc9iJc
asmbie pi ;JJG LGbLG2GUISIIAG aswbje' nps COGUTcIGU; 2 015
niqon COGLLTCTGUI 12 JSLGL isq WOLG aTuflTc9uc 1'-' 1P JOM TIJCOWG
1P1 JQ 2150142 LTL2f—2cSG LGLS22J0V LG211112 0L fOfSJ bsLen;sj TucowG
iTrGii cc im Ju aorc r. cp JJGTL trnsqou aiube conuçetbstça
aswbje JJSAG JG22 Gqnc9;ToIJ' SLG WOLG JJJCGJit pe suq Ste WOLS
2150142 qeacLJbçAe acscT2cTca SAJqGVçJX' Sf15SL2 115 IRe JOM TVcoWS
1S cjsjjqteu tLOIII 188 £SWTJTG2 COWS JL0W PG Lsnqow aSmbIe ip1 a
WSae' CpflqLSIJ LLOW 32't Tsw1J1ea COVJG TLOW bOASLçX aswbe' snq
coLJ2T2c2 OT J3Q CPUqLGV (2S poita &uq TLT2) £LOIJJ 2'TS t$WTTTG2 0SAGLSS b&LGIJçSJ JUCOWG T •wi LSbLS2GUISITAS asmbje58 wit eSWbTG
Income T 1888 OJJ9L2 Ta 1522 115 3'O' ;pG 52W bGLCGLLpTJS 0J
onçpseq T aGccTo1 Jjj' SIJq JOL 14150W SAGL9G SVUtIYJ 0SJ bSLGUçSJ
I LG2fIJCf SIIGIJITOU 10 bSLeuç—cpJq bsTLa 14150 opsit aeJecçou LflJG2
20flWSLI1 S1!JJJ]G2 MIfJJ T012 ff590 IMTCG WG boAeLfit TIne TV J8QY
tsuqow snq boAGLçit aswbea' JSf;SL pGTU qLSMo L0w ntpsv SL1\OL
Income LSWTJTS2 I1 f15 TUISLG2I2 o 2SIIJbJG ElSe' I fl2G pOfJJ W b81D
11512 2GCf IOU J &xswiuS f JIG TWbSCI 01. bsLeufSJ TVCOWS P5 aswbje oI JOM
tsce ppJqju JdnqJçA c0IJ2ILSTUI2 M}JGIJ TVA62cT0 T WelL cvTJqLGu 10
boot 1.SIJJTJTSE' 2TUCG JOM TVCOWG bsLeuçE Ste bLeEnmSpJit WOLG JTJCGJX
IWbSLLGC;' 15OMSASL' pGIJ ben.cuçsj IIJCOWG m&it wSç;SL mOLe I0L CIJUqLGU T1
OfJJGL pgqb cR12 JJTJJGL bstçrgJ g—adnsLcq a qfiG 8OTGTX o fJJG JSLG
fl JJG TIJagLnwGUça MGLG WOLS GIJOG1JOfl2 113 JOM TUCOUG 2S]JJbTG 0asinbiG flJØIJ T cR6 LGbLGaGUc9cTAG 8SWbTG' MJJTCP Ta psç 0iJG MOflJq GXbGcç
C0TTGCTAGTA GXbTSiU WOLG ASLT9çTOU m bstGucsT TIJCOWG 115 TOM 1000mG
2;flTafl-C2 LGboLçeg ID j&pJGa 5 &iiq J0 /WTCP 8JJOM gJJSç JJG 7D2LflhJJGIJpa
LRT2 cou'IGcçnLG Ta arthboLfGq pX TLa;—a;9G bstçr H—adn&LGq
spJJçX T JOM TUCOIJJG a&mbTG 113 LsbLG2eUççTAG ambG
Ta 3sç mA TIJacLflwGIJca SLG WOLO COLLGJS;Gq MTcJJ flIJO8GLAG bffLeufg1
L91JJTTTG2 cp&IJ TOL 2OJTcPGLU LGbLG8GUETAG &WTTiGa y jJiLq bO88TPTTT;A
GETW9468 O & MGLG açflJ t9- PTPGL OL M0LPGLU TOM 1000mG
OL 1115TT162 T onçp LOL LSIJJTTTG8 OflçBIqG fG onçjY Jçp0np
GrçpGL aswbic qlq IL1q MSE aOuJGMp&ç PTPGL TO poçp a&wbTGa
& pA L9CG! J SaO IornJq TTccTG ASLIScIoD TI-' & pA eqncsçou TGAGT T
000Mplçsa Ti-' TJ.IG TOM TUGOWS aWbG &iq IOfflJ DO aAaçGWsçJc ASLT9TTOU T
ffkO asmbea qTTGL j GacTwsceq edn9cTOu (1) aGbSL&cGTA LOL MPTTGa suq
paç pA L3CG eqnc&ou L6JOLJ OL 2OWG oçpe qwGuaT0u ¶TO1J MPTCP we
boaalprllfA Ta TWbSCI °L b&LGLIçT TDCOWG ASLTGB uoc pA TDCOIJJG
£S1JJTTTGB suq SGLO OL UGSTTAG gç PTPGL TGAGT8 O TUCOWG yuocpGL
fLflG TWbcc o. b&LGU;ST 1000mG Ta b0BTçTAG &WOIJ TOM IncOme
tOL we LGbLeaeucscTAe asmubTes OUG boaarpTTTcA o conLaG a
NP? StG fJJG LeaaJça LOL TOM Income asmbTe 80 qGLG1Jf LLOW
SCCrUIJ3ITSTTOU 92 cpJTqLeO M52 JJSWbGLGq pA pnqJn TdnqJçA couacLspJca
MJJTcJJ TB MJJ&f MG MO1T exbecç TI TOM Income IfippeLa, OMU pflIJJ&IJ CSbTcsi
O I0çGLGUeLS;IO0A cLsnamTccspTe SpITIcA T TOM T000IJJG ISWTTTG2'
GqncsfToW occnbgçiou siq OçpGL OpaGLAYpG 21(TTTB LUA pe TGB2 uqC&cJAe
2WbTG TO LebLeBGIJç&çTAG awbe ipTa aaeaça
(xTT) 92 g macp 2UJ&TTGL Twbscf on GETTW&cea ii we TOM Income
TuceLeacTu Leanç T coucLoTTTU I0L IflcpeLa 0P2GLAPTG 2JTTT2
5.1
aruce b&LGUçSJ wAGacwGuc P1 cIJGTL CJJJ7LGZJ 12 1110L6 1TYV' GbocsucT9IJA coua7afGrJç TcP woqeja T1P csbfsj wsLjceç rwbeLteccToua
rwbsc 017 CpJJqLGIJ SW0U JOMGL JIJCOWG 3WTTTG2 JJJG2G JuqJLJa StG
TIJCOWG flObtGAGIY J juq .rsç bsLGvçsJ PC01 qosa JJS'AG 9 PGIJGTJCTEJ
017 cprJqLeu1a M9G2 G9LUTIJ2 2GSLa OI aCJJOOTJU SIJq t9wTi?
cpguGa pr b9Leuç9 JUCOIUG fTG f0 IflCJC pSAG 9; G2C 9 UGJTTpG T11b9C
LGbLG2GIJç mdc' fl2TLX 9 uçiou&jjX LGbLG2GIJSf TAG a9wbIG I
——I,9çpGL12 flIJTOIJ TIJqna,CLX sIJq ')OJD J022 GXbGLJGJJCG—_ 11J91 9Ln9pjX
T20IflTIJ A9LTY;Tou Ju bSLGUçSJ TucowG qne ;o OpaGLA9pJG 19C;OL2
Ju bsbeL 9ç;Gwb; nUL9AGJ COLLGTSITOLJ suq c9na&JT;X pX
gaaeaaiug JJG mwb&cç o. boliciGa LGqJaçIJpflçG rucowe 9wou b9LGIJfE
gccnwnjgfToLr DTa1TuflTaPT1l coLLGI9cTou £LOW cna&jrcX Ta CLTfTC9] O
miubi2 fl39J b9LGUf9J TLJCOIUG bGL ?.S w9fGL2 tOL cpTJqLGua pnwsu csbi;sj
c0LLG9çGq 9cL022 GUGLSfT0U2 HOMGAGL' P112 T9d,C qoGa 130 IJGcG229LTJA
JJJGLG C913 pe jJççje qoripç Wfl GCOIJOWTC açsçna a boaTcJAeJ2\
/V CO14CFfl2IO14
Monq qasbbsL p, sAeL9eq cpqLGua 01417 suq abonasi G9LuJu2
Lel•ecçGq oujA I,OL G9LI3TIJ2 suq ajqjj G9LUJIJ2 suq JJG2G Le1•ec;Joua
cowbn&pe fO ;poaG u ;pe LGbLG2GU;9;TAG asiubje LeacLmd;roua SLG
oAeLJqGuçJXu LG2L7cfloUa ;aç LeanJfa Ju flJG JOM ruCowe a9wbJG 9LG
GuqoGuona ru JJG lou rJcowG asxubje EELPJJGLWOLG' uoçe flJS,C P10
—adn9LGq 1 1PJG 10 TW°'fl 9a2flWJU fJJ9 ;jie TU2fLuTwGu;a SLG IUOLG
ajqj COWbLGB2TOIP 017G CSU ;pSLGT0LG GXbJ9JU pTJJcL bSL;J9J
J.7TPGL 94 JOM JGAGJ2 01%, TUCOIUG' TAGU 01710132, G9JJflIJ9U p192 ;o149Lqa
J0M JGAGJ2 O, T7J01' TI T 9120 boaaipe e LflG 0171017 bLGLUIIIIJJ Ta
flU0U afs;na 2 IUOLG bOEJJAGJX coLLe9;Gq TIP nuopaeLAGq spjX s;
fIuTou COSUTCTGUI Tu fiG JOM JI7C0WG a9wbJG t.WTTG TI Ta boaamplG çp&ç
58
csbç9y y onçp boaaTpTTTcA a bsLouça 9L6 xoç 2pLJC;JX
cLegçru g boçouçrg1 jrujc pcçMGcu b&Lcuç&J Txjcowc euq cpJIqLGua pnuiu
acpooj qTaLTCa MTJJ JDG IJJOLG GXbGUBIAG flJSU OfJ2G2 TU psq qJaçLcça
dnsjrçX iisçiou exaça 9IJq a JCUOMU bnpTTc jJOfl2G2 TU ooq
bnGuça csuuo; pith JJ6IL cpjjqLeu s peggs sqnc9grorn ye jou se acpooj
eqncsçiosj onçbnç ia MGSJC jpra qosa uoç iwbj2 poztGAca?
bcLpsba anLbLraTuTA' cwbrLic9J JTUJC pGçMGSIJ acJJOO ebsuqu suq
Ta fp9f nUsdn9J acpooj IjrnqJu 92 110 Twbscc cm eqncçousj onçcowea
booLoL qafIJcfa (WTLLSX &sva siJq 2CPM&P (Ta8e)Y y fJJrLq boaaipijiç?
qeciaioua toLCTU COIIJG afsfGE LeqaçrJpnçe LGEOIILCGE £Low L.TcpGL cc
PJGdn9TTcX ID bsr..—bnbq abeuqu LGIJJSTUE J51L6 qeabJfG Lecen; conLç
(Taa2W Jç IIJ9{CGE JG22 2G1126 toL bLpU9LX suq aecouqstX eqncs-ou M]JGLG
£TU&UCTSI N Ta uG9çTAGJX L6J9f0q cc b&LGIJc9T MG9ff (GJqaçGU
C7JL6Iy IJJJE afoL2 JJJ&JCG2 201116 26026 LOL C0JJ66' MpGLG scceaa cc
LeqT2çLJpfljqAe COITIJfGLCf TUGdfl9TTX TII b9L6Uf2 LGEOIILCGE 2bGIJ 011
aecouq boaaTprTTcA ra brxpic TUAGEP6U 711 cJJ7JqLeIJ 72 2flttTCTGUpTA
LuoATu a peççst acpooj qaçLJcç) aaeU paq obboLcnulcA v
CJJTJqLGIJ12 LncnLG G&LUTU2 cc tTU9UCG aqqçJoU9j TIJGacw6Uc (2cTcp 92
JGAGJ 0J TUCOWG bneuça Monjq ITo; 0LL0M aaruaç
Le;rILU ;o JJnW9IJ cabIcal TuAeacwGUc Ta C0UC9AG 20 fIJfl 90A6 9
GxbJaus;Jou O;jeLGq pX woqea MTcp cLeq; W9LJCG; TwbGLGccTou2 ia cpa;
ipX b9LGUcST Jucowe ius;çea 20 TT;cTG TU f JIG LGbLGaGU;ScTAG 2SIUbTG 1116
acpooj qa;LJcça suq ao OIJ) EI-LcFILG LG2G9LcJI poTq aT20 TImGanspe
corijq waççGL 0L TOM Tucowe bSLGIJ;8 pesjcp CSLO svq urIcLIcToIr pe;çGL
qTacTunT2p pe;MGGU cc1JJbeflu cpsUuGTa JILflJJ MPTCIJ b9LGIJV9T TUCOWG
qflTGLGLJç aawbc auq qTcLeu; Tua;LnwGLTfa' auq apon]q sçj:swbç ;o
EJTPTLG LeaG9Lcp agonq cc Lebrrcace b&bGL8 LG2a}42 fl27U
dn7qçX couaLaTueq a; TOM TGAGT2 O b9LGUc9T T1J0116•
so
0131011 CL JJJ—btSG TuqnaçLX 'iop
jncjcA 9fpeLa L0W uoç psu MOLJC SE 9L 111 EGJIO0j fo &ççsu s
1116 ;OLIU o nuwesanLeq baXcprc siua exbGLiGuccq pX cpJqLeu oJ
LGEbOLJEIpJG tOL w? LG2flJ2 11.1 1116 LGbLeaeuf&çxAG 2smbje wsX lK
111917 CJJTqL6IJ o OIJjncjCX ISçpGLa N. 6IJGC2 Ste uqeeq
£flVGL& 1" fJ.JG LebLcaczJç&çTAe asizJbTG qo uoç p-' tscç pSAG PTJJ6L poçsj
92 91.7 exbJSiJScloU ICL lilA Le2nJf2 poMeAGL 12 111Sf 11.76 CIIJJC4L6IJ 0T JIICJC2\
JUGLJfSUCG2 LGq11c6 J9OL 2nbbJA yn op1ec4qou cc lucowe ejecça
suq Hoasu (1003)1 tOL ruacce' uq p& LecGTbTeuca o JSLGflwe 9ijq 6Ij0Lf J110 polusu csbsj sccnuJnjsçou H0JIS—E9K1111 100IL9ISIJ
;pS bsi..euçsj TIJC0WS psa & U69f JAG GUGCI CU cpJJqLGu1a 01413 wbnca oi
&qqçous poinsu csbiçsj TUAG2IWGIJI 12 P1WQ EIUSTTA 11 12 boaaJpje
srrpowsçcsjjA 1116911 urj qo ao GAGIJ rt cv LGfITLIJ fo
aponjq pe SpJG fo aeuq f}.7GJL cpJJq 0 pGffGL acpooja qoea IJOf
SJfLfIJ2fJC IPGIL cpJJqLGU: W tscc 1111 pJlJ lucerne b&Leufa
fJJS fJfq 'OItLIJ O ,OflflC EC0U0113A TcnJ i—to
HGPILD2 tO flCSTOll iiq JJG CP&LC;&LafCa O EJTPTTC acifooia 113
stq1 JpATq suq vrsv KLflGSL (JaaSY Doea 2CJ001 gcniç? W9fcSL3
flIJTAGLETA O J40LçJ1 cgLOJu WTWSO
BJ&I1I J)Arq (Iô&QY IB 6cç O JIJCOIIJG oj p1jq DGAGTObIUGU'II
SLASL fluJAcLaJ;X WJWGO
BrsCre suqs (iaaeY DO 3GfGL 2POOT wcc'-3 L&LGIJ;E Ip1J 2°i,
2e28
B6U&POfl osuq (JaaQpY juednJçX &nq L.orçp1 I4BEH NOL1cT3J bbGL
JuAeaçweuç: 1P roCT cOIIIJGccTOU', GfiTSb\ O EC0U0UY!C Qx_,spon ff°JgxJq (ioae EdnrcX ¶uq Euc1GucA r csthc&r
Egli O. Efl1T1G2I OcTJ33j ° VPOL £COUO t1 2I—23a.
BSCY6L estA gzjq HTI jo' (yy csbrgsI guq pps ae suq
gfg0 Ntt3 ECOUOS9C �GMS 8S Tn1—1188
XfGIJG E9IUIIA yJçLflJaçJC9JJX r1uNGq DrLGcc jeaça fl2TIJ WICLO
yjçoifl1 1oaGbw E(ThJIO sAapJ! suq rucc IcocTwou. (IaasY 112 JJG
HEEEBEMCEE
flIJIOIJ2' 'OftLU OT. rpoL ECOUOU3ICZ S T-SQ
ELGGw JircJ.Lq (Ta8Y vi t cw ELLf jLsqG
Bf F622 1IJ MG,cT HOBGI I1UTAGL2TX Ot OLGOI UJTUJGO
ETTT° jsiqq (TooeY .DOG2 cpooj CnIrcX NScGL3 flOLG j&IJ MG jponpç
3AILJ w3sLTCgu ECOUOU3TC 1�6M 82 225—22Q
GJqaçGu wscTu (Iao2Y coiiee 3cposLapb isnie suq bLTA&cG
O1TLU OI ECOIJOtUIC QLOF4 7'
D1ILI9TTt 2GAGIY (JQ)'11y JJJGOLX O bGLETEcGUc ILTCOIJJG juednjçX'
cowwmJrcX OLTTU2' OIThU9 O 1IU1U 1SG%OfTLCS Si' a12-eOF
1jps yaoc7øcou BGIMGGU WGU,2 ECOIJOWTC 2f9ø2 uq jGIL LswJIX suq
COLCOLSIJ' N&LX OL1JOU' HOGL! F9LGU' DGPOL9JJ uq CLX aoIoU (7àô5)'
OI ,OflflC tCOUO1i3) oo'
COCRL&IJG' opi (JJ)' liv aiwbie jsa Oi COIJEflWbciOU JIJ2flL91JCG' '\OflLl3'1
38—es.
suq flucwbJoXIuGuf IT27IJ balD Dç'. OfTLIfl1 C 1'POL ECOUOBtC2 3'
ac&cGE: yuoçpet roof 9f fluJouJssçJou' aCIJooITU' aTcJcuc
poMqpnLA' Cobs s'q 2cGbPGU J47CJC677 (1a82)' flOflLJX EsLuTua ju JJG
Dfl' OI 18' 2—f
CPSWPGLTSTU' CELA (1a85)' ,NnTcTASLTScG HGLG22TOU j4OqGJ8 LOL bsUGT
'7Q IST—TS3J
gçj2Iygj GLLX (J.S8Y abecuccou jeaça JLJ EcoLroLuecLrca,
TTqI—TLU.
EtLTCTGUCA lu LflPITC 2CPOOI2 '1O1TL1Y1 OI ECQUOUSIC tT;€LcnLG sC
fl&unapGJc ELTC (T8)1 ILJJG ECOUOIUTC2 O. CpOOIJU: LOqfTCfOU &rq
2Os—2I3
IucGLGUGL&cTOU&J LSIJ2W7aaOU \Jl33GL1•CtJ ECQUOUSIC \StP
OJqpGLGL LfJJJTL (Ta8aY ,ECOUOWTC suq ecpLr7c&J woqGTa o
JUGdfJJTfX',1 '\°' °t b0U1C ECOUO%UA 100 8T8-83'
jimaçwcu ill csbrcsT: Euqosuona CLO1'4P &uq IJCOW
suq B AJCIT1USL (Taos)' bflpJTC AGLEfIE bLTAflG
2c1Icusa 2a' 212—32
EXbJ&TIJ JuçGL-uqnaçLA MG DTUPLSUcTST23, \�ShTSI'\ O1 ECQUOUSIC
CTPPOJ' HOPGLc' suq FSMLGUCG J(9çS (J5)' ,JDOGa nuwsanLcq YPTTTP'
WStLOGCOUOWTC2 �GM ECOUOUSC 2T2 O' 32—25
esOL' qq uq -loaGbp ssJL (1003)' IlJc0IUG macLTpncToU suq
BS2TC B001C2
LGG1UIJ' JgcpsLq 9uq &1IJG2 eqo (188'fl' ?iP D° flUOU% D°3 MGM AOLTC:
r'022G2 OJ 2bScSq MOLICGLB. \JM3SLTCU ECOUO1I3C 1�€A1.& 83 2s2—iOa
-copaoIP IonT2 HopGLc sj-ouqe nrq gijj eflurrAsu (1ao3Y LL1JUa
nsa Oci.cs.iA '1O1TL1S1 O COUOW3C IO 138-IQ8
HOTSGL flLLA! 4LGUc gçs svq yju KLflGGL (TaaTY loP ØnGnG2 91J
OI ECO1JQ1U1C TOW 'N3—'T32
C9LUSTG CoU1.GCcnLG: 30111G f1Ub7L7C A7qGuce 'lOITLTflI
HoTcs—EsJcTu DOflIS2 SAq l°TLT'J aIJq H&LAGA O2GLI (Taa3Y flJG
3S—.13
3OCTOGCOLIOWTC fl9jUW6IJj O QJflqLGU, OCT C1St3CS
HTIT sLçps 9vq CL DUCIJ (T8831 ,9LGIJfJ 1UJA rucows &uq
E9turrI2—GnrrcA HGT&cTou2WTb MBEH MOLICTU b9bGL 2S.i
2CP001 nJX J3G&JJX I4&GL5 VU EX9UJTUSJOU OL JJG
HGCJCW9LV WG2 JU6 9XIJG—LL&L 9IJq LGcLS joqq (Jao2) DOG2 [4GS3fJLS
t ECOUQIMIC rTcGL9flLG 3W T8Sa—T8.18
pjqLGU2 ycc&1Uw6Uc2 g gGATGM O. eçpoq2 uq uqua' OcThU
H9GW&IJ I5OPGL 9IJq 3SLSL NOTLS (1ôô2) IPS OJ
1621 ECOUOU3TCa 1sc€L 8 3ô—Sst2
Hn2W&U 16LL2 &uq MTTITSW jSXJOL (Ia8T) \ eeueLrTsGq 3becTTcçou
14GM AOLJC ycsqGuJTc b'-22
BGG2 1V \G1k SL)t UCOThS 4uçs1y3ucs EXbGLTIUSIJY AOJfJWG S1
A0flU yqHJ2 EXBGLTIJJGUcJ EPIJJTTTG21II JU -JSLOJq flSfça EUq yjpç
NSJJ&I1 CP9LTGE (1oS.XY 1•J:pG EqncscJousI &iJq I-'&poL—afTbb]-X geaboUaGa
OT ESLUJUE'II ECOuOuscLTC 8'13—82.i
ronLA1 3JGUU (lasT)' JUçeLeusLsçioUsJ ILSThLGL2 LJq JJG DJ8cLJPn;TOU
CPTCSO 1DLG22
rGnJa' w CLG (iaseY urou �sncvs 1V cTLr1sA cwrco:
JufsL—uqnaçLX acLnccnx&., couowss;Lrc 2Q' 52a—sar
KLIJGGL YT" uq FLGUCG 3JJIUBJGL2 (1338)' IETLJCJGUCA pjssa svq 1CJJG
Ot IP'- ECO1JOU3C2' AOTITIIJG J yw2çGLq1IJ: 14oLçp—oJJsiJq' lo3—sO
31ILAGA' JIJ eLbA V2PGIJLGJcGL 9IJq JcpLq ALq (Gq2j' uqpooy
KJTIJuanoLcp' WSLJC suq flG2 HGcIcwsU (laser ILGJJJ9JG r'&poL anbblX: &
t4TCLOGCOUOU3TC'a' SOa—SS2
sixq IwbIrccJoua', LoQqu2 sbsL on Ecouou3c crqA
icffcs' MLGUCG' uq F914LGUCG 5flWWGL2 (1333)' uqr1açL.A JgGUçB: AJqeuce
EUPCç fl2TU b<GJ DYçS' isrqt& o ECOSJQUIIC 2ITcU 28' &il—331
1SJcnpo c60126 (I3aJY açwou suq IeecTu o{ cw fluToU 11gg6
nUTAGL2TcA O pJsLAsuq wJweo
EIUSIJCG HSOLW suq DTB;LTPfT;TOU O qncsçiou G2O1TLCS2',J
WILLS2 3pSJJ MITTISlU EASUB SIJcJ HOPSLf 2CJJMSP (J) ,qncEflou
qNucsa p3 ;ps ssssot) suq sncttsnisuç oi nus1th1oXiicase y'ouqou:
jpSOLX uq AJqGucG 113 AOLJ 1.15122 suq qeou E12P512013 (Gqa)1
wnLbpX' KGATL1 suq HOPGLc iobei (TaaOY ,EuIcrsuclI f4YG2 J5Gco132]qGLGq:
WT1IJGO•
NSLKGc2 LOL 1L9132W122100 OL jUGdfl9iTcA,1 flIJTAGL2TX O CP1°
0saeX (1aa2Y I2OWG EAJqGUCG 013 HOTS OL JWIDGLGCf CSBT;ST
1stO8—TN8
jOMSL 915 EC010WTC y1J91X2121, M%USLICSU ECOU0W31.C 8T
HOucoweLA -lwG2 (TaaTY 200191 WScMOLIC2 913q F9POL—W9LKGc onccowGa:
£C0UOU1C 1�'M' Qf 3.iO-3S2
ExbGLIwGUc 013 ;JJ6 acpoOT LSLt0L1UCG 0T pIJqLGLV '4USLC9U
4sXIJ9Lq HGPGCCS (JaS3J flJG Eu0f2 0 gTIL9J JUCOWS W91111GU9UCS
toLcpcoWTU
Qp%qLS3JZ Vfl C139UCSZ &wpLJqs WV: 9LA9tq flUJASL2TçA JJLS22
fl9AGL' an29U (JJ' 1.U wousA Q9U wr?: nruX pJcowG 9Uq
3ççnLG' M%UCLTC3J EC0UCC \G1iTGE& 8S 'tO—5
STWWGLWIY SA7q (JsY ,ff6L622JOU IOM&Lqa eqJocLçA T1 ECCOIJTC
suq 2flUCZ ee ie—s2
aCPCCTTJ siiq jOUIIJ&LJCG ycçJAJçJSE O. A0cW 1�MSI& Ot ECOUCw31Ca
AGUcT acGGU (J8fl IJJJG ELLGC8 OI. JUCOIIJG uçeuucG CU MOLJC
8c9c62 1(U3SLTCU EC0U0133!C \�StiISI& 8S 3a3—O8
a"i'1 (Teas? ,IucGLGuGLscrousT JUCCWG wCpTrTc2 TU nUcq
LIS—TSC
E&LUTU8 coLLGTscroUa SMSb\ Ct ECOUO113TC uq acfl4c .1T
3ojoLP CSLX (lose? 319262 TXJ JJG Elwflo CL IucGLGUeLsc1ou9T
\3Gi1€b x131 QIst-QOS'
SCCLCnUq CU 1u€JGCnJ y;çSJUWGIJf' NB3GLTC9U 2OC1O1OTC
3C&LL 3UqL sUq gCp9Lq MGTUP6L (lo.x8? IPG IULlflGUCG CL 1E112'
eGUGL9I EdnTITPLTnW ybbLoscp \GhTR CT ECQUOSBIC cTqs2 Q'
LoccGUrTT 1CIJLI (To.o? III9PCL nUTCU2 &Uq MG 2cLflCcflLG: 9
ACTnIUG J ywaçeL.qsw: CLçp—CJJsuq 3—J35
V2JJGULGTGL uq jqcpetq &A&Lq (GcJa ) uqpooy oi flpCL ECCUOU31C%
b6UC&AG1 CJJTJ (108Q? IFPOL anbbiA CL WGU: 9 EflLAG,I TU QLJGX
281JJTIJJ2GTL qa wbscç c bsLeuçsJ ITJCOWG ou
GSLUTIJ2 L.GqrlcG fG ObbOLcflUTfX coaç o cc acpcoj
2G Ta TLLGIGA&Iif cc acpoojiu pcCSfTaG PTP LEG2 OIJ CTTLLGLI
cc TUCLGS8G 9qoJGacGJJ 2CJJOOJiIJ GAGU T{. bstGucsI TUCOWG bsL
b&LGIJ;JIJ 9IJq JpOL uJLIcGf qGC72JOJJ2 EOL GXS1JJbJG1 MG MOfTJ GxbGcf
LsçGa' Mprcp bLGanwspJX pq gu TuqGbGuqGuç spGcç ou acpocj-ru
OMGAGL pGc9nac 4Jj &WJ7G2 MGLG anp')Gcç cc PT}-' W9LTU3I
AGLA JuOLIiJç7AG pcnç iubcç ot b9touçsj T1J01G 015 cpJJqLGu
015 ECOLGE oT XO1UJGL CJJflqLGu fIG J4Jj GAJqGUCG 72 uoç
Tflw777Ga MJJTJG 9XusLq (j) juqa uJixGq GAJqGLJCS 015 JJG GIjGcça °T.
acpoojiu &uq SLG JGaa rncGTX cc MOLJC cisc cpT7qLGu o couçoj
9qoGacGup Cp7JqLGU OL LSIJJTTTG2 COWbJGçG IUOLG
lucouse JX GXIDGLTWGIJçE ou cpflqLeu AGUcI (188q) suq N9TIL (Tail) uq
.LVGLG ffLG rao 2GAGLff] açurqGa GXSIUTUTIJ& wbcç o MescrAe
&qqiçJOU9j LGIGLGUCGE suq GAJqGucG
32GG AGW91J 9uq J4OflG (Jaa2) uq J4YXGL cpbçGL ) I0L
pcçMGGu bsLeuç9J LG8OITLCG2 uq cpJ7qLGua 01TCOWGB sç WOLO IGucP
5wsAa (jç cpsbçGL 3) qacnaaea cowbeçu oI. JTK
sLGsçe bLcqncç7A7çX suq L0Mp
csbiçj 7uAeaçweuç ju booi. cpJjqLcu1 MTçJJ SqASL2G couaedneucea £01.
bLGIJçSJ TUC0IIJG uednsçX csv je&q cc rucuicIGuciX JoM JGAGJE o prnusu
12GG pGusPorl (jp) suq C&iOL uq SGTLS (Taa3) JOL woqeja ru Mp7cp
LOOBIOIE2
;JJGX &LG UOf LGTJGCG 7U fLGUq2 0 qjacLrprTfTOU O cpJJqLeU2
,CLGLIq2 OAGL TWG JU q7afLTprrçTou a; bczip&j TUCOWG giJq ;1uq2 ;pgç
CU CJJL.GU 7 jonaejojqa CSIJ 0LL0M sxiq 2AG scouq N9\SL sxsIJiTIJea
ongcowGe (5) uficibsçGq TJTPTLG 7I1cowe apocijq SIGCf CJTLLGU 2bGUqTU
LecerAeq bLIor. ('0 ('PG UA6—A69t M713q011' MJJ7CJJ 1U92 SflGC(' Cp77qLGIJ2
JUcouJG w sbbssi. UJSfGL pGcSIT2G 7(' 12 C0LL67S('6 MT('JJ 7UCOUJG
NSXGL eaçiiusça •,LGCGUç IUCOUJG na7u oujA ;TAG—XGSL M7UOM 20 ('&('
pGçGLoGIJ61X i ;pJq &L&IIUGJJ(' (TUCOUA1IJC1U £0L fMO LG&20U2 (7)
sbbsLcUç iuJbcç o; bstcuç& IJJCOIUG wnaç pe qnc nuopaGLAeq
IJog 7UJJflGUCG cJJ7JqLGLT12 OngcawGa' J.l9AGL SL&162 cpç 0 flJG
peçttGGU CIILLGU(' suq £flfHLG IIJCOWG aTUCO TJT('!TLG 7UCOWG bGL ae aponjq
JTfnLG 71Jc0we OUG MOfI7q exbscç WGLGJX p&acq 0U ('pG COLLGJ&('70U
SJGL JJG OflfCOiiJG 12 op2GLAGq uq 7tJq2 2('LOUGL GflGCc2 0;
o. LGCGU b9LGU('&J JUCOIJJG cc JJG rwbcç a; a; bSLGUçSJ JUCOWG LGCG7AGq
bELGUf&J IUCOWG LIL2; apG COIIJbSLG2 wbscç au Cp77qLGua onçcowea
2wXspc oçpe sbbLoscpGa ('a G2('7W&;7U ('JiG ('LuG wbsc o;
C01127L12 14JJ02G IJJO('JiGL2 pgq JOP4GL bGLIJJIJGU(' IUCOUJG2
IUCOWG pA cowbsL7u CJJ7JqLGU MpO2G IIJO('JiGL2 psq JJTJJ bGL]JJ9UGIJ; JUCOLUG ('a
LsIJqIuafpGL ;ixeq GGcça Monjq 7qGrJçj;X f JiG 7wb9Cç a; b&LGIJ;&J
ILl ('JiG M2FA G ('JJGIU2GJAG2 27pJ7U2 boçGuçsIjA GTnpJ7IJ p7w (12G
LGM rib MJJGU bsLeuçJ IUCOIIJG MS2 IOMGL BT(' WGUçJOUE ('JiS(' WU2 UJO('pGL2
cprJqLGLl MJJO L6bt rib iu AGSL2 a; pip bLGuçs]' JUCOIUG ('a 2JpJJU2 MJJO
GGC('2 I4JJJCJJ JqGufJ;A ('pG Jwb9cç o; bSLGUçEJ JUCOLUG pA C0Wb9LJU
(qJactlaBeq pnç uaç LGboLçGq iLl BT2 babeL) 1126 W0flJJEL JXGq
W cLJçJdnG o; ('JIG cpiq ;xeq G;;ecça MonIq 9720 sbbjA fo G2('7W9'1G2
J0U—LThU EAGLSG2 ot bsLUçs WC0WG L&('JiGL ('JJSIJ 27UJG—AG9t UYGS211LG2
2COLG2 IU L6LG221OU2 MJçJJOI1(' ;Jxeq GTGC('2 72 IJJnCJI JJJp&L fl2JU
14691fJ3 92 p0fI2TIJ Gdr11;? bina saaGç MG9fp j rwbnce cpa 1Ef6L F12TLJ
LG2OnLCG2 Tuc]11q6 po;p TUCOWG uq bsLGuc31 /469Jfl.r M6L6 J W6921JL6
&aanweq L3G O1. LSITLU I 3120 GXbGL1IJJGIJGq MJçp W69211L62 OT bStGU;S
uoç aeuaiçiAa ;o cpa ucJn20ij oj jwbnçeq p0fl2JIJ TIJCOWG OL ;o cpa
acLe&w adrrsj cc 26A611 bGLcduç O{. LGbOLGq porraii Gd[fTcA! L6aa;ç2 9L6
IUC0IJJG 6±1912 9226f jucoiuc LcboLçcq TO fG b2ID b1112 90 wbn;cq TUCOWG
ponaepojq (MJJJCp 12 &jM92'.2 GTflJGL 0116 OL NA we9anLe o seas;
cowpiueq iucows pA cpa 1JITW6L oi bLpus-LA &qnça 10 cpa bsLau;)a
abones cowpueq j cowbnçe TUc0wG LOL escp bELsu; pA qpqi LaboL; sq
A69L2 PLpGU saae; &uq L9U216L IIICOWO Ste 0011\ 9A9JJSpJS IOL ;pe pesq suq
pasq suq abonas SLG acili 11A1u JO we 2SWG ponaspojq JO AGEL 1 10
IUC0WG C cpa Ta 2b01126 (1 913A) III AG9L Le9LqJea2 0I MPGIJGL ;pG
9226; IUCOIJJG 0 file 18Q8 £SIJGL JO AGSL j b1na J9pOL ;L9UCLSL suq gaas;
aTWG92J1LG ;ocsi bSLGO;9J 1IJCOWS 111 AG9L j 92 19P0L fL9IJ2GL srq
ncJJJçA—w9xJwJsJIJ pGp9AIOL 00 ;pe b9Lf oj b9Leuç2
woqaa o JIJ;GL6IJGL9çJ0IJ9J ;Lsuawraa700 MpJCJJ qo uo; 92211106
0JqpGLGL (J83o) 11262 W 9qGcç1As 1WGCJ.J9151C9J11 ;o qaacLlpa
LGboLçGq T9fGL JO JJJ2 b9b6L plIf MGLG 2fJJ boalçTAa 9IJq 2J&lJflC9U•
MaLe a1p;1A peioet xe ore ea;wsçea C0IJçL0JJJU LOL 02GLA9J6 21(1112
saa€ç JUCOWG bTaa CJJflq aJlbbOL bWAWGLTB fIG LGanJçu 5r f TJJ9csa
LscpsL2. 21(1112 suq bsteuçs1 JUCOWG Ju2cLnwGu;JU b9LauçsJ JUCOWO tkJfp
GxbGLTWGIJeq MJçp L6LG22JIJ CpTJqLGIJ2 p110190 csbJ9J 00
C91JG2 U fJJG J9pOL W9LJCG; LOL JoM—a1(JJGq MOLJCGL2
111 0;JJGL A9L19p162 2IICJJ 92 CJJ9IJ1U 2OCT91 W0L62 LT21U qLn (12G' suq
OnfCOlUG2 JP12 GAJqGUCG 12 JIJGLG21IJ pn; IIJA pG couorrnqeq pA ;Leuqa
suq cpijqLua GUcTLG JJT2OLTGE EOL IU2f&LJCG j Mofijq rio; ttau;
cLoe—aGc;JouJ qJsLsucGe iLl GXGUf ;o MJJTCp J Op2GLAG bLGIJ;2
scçL.rçiov &Iiq ;Lnucs;Jou oi qs;s u suq
JJOMGAGL J IIJ!18 LGWOAG 21TCp A&LJsçTOU JLOW mA q&cs pecgna agmb1G
qo pGççe. flJ9U cp]JqLsu 0LI3 XO111J6L bLGu;2 ya bLC;TCT wsf;cL
cprqLeua ancceaa cJJrJqLGu pow ;o ojqL. b9LGUfE aponjq ;suq
ITLJIJGCG22YLX iri mA couçsx; n bSLGLJ;&J Tucome bsL as WWp;GLB LOL
coiijq &LthTG L6WOA71J TTLS—CACJG ASL7&flOU £LOW JUCOWG J
CpJJqLGU SLG SrT;OUJS;TCSTTA AOflhJGL 52 Gj0L6 EITLAGA AG&L rase
bnLboaca ot qGçGLwiuuIJ cprqLeu)a GrrTprs aswbje AGSL& J aarimG ;p&ç
LGboL;Gq G ;o qe;eLm7xJe GJTrPJG 29JJbjG AGgL8 t0L bgLeu;2 LOL
L6&LJG22 °L 4pG cpqa LGb0L;Gq &G Q;JJGLMIEG' J (lEG fiG cp;jq1a
raes—rast uq S(ToIIJSTc9X oJqGL 55 T0L EIILAGA XG9LE raao—iaas
922flUG ;pg; CflLGLT SLG sncowø;TcsIrA AOJ1UGL flJSU 53 TOL 2JJLAGA ASSLE
bnLboaGa o1 qefsLnJJuru bLGIJ;E GITTPTG asmbJG AGna I
IJLTCG JuqGx tOL AGgL c—r
rucoffiG uq MGE LGboLçoq JU AGL ; ross qojsta J72TIJ fiG corianmoL
SIJUn&J J9pOL GLIJU2 qA7qGq pA SUUØ&J JJ0flLB COUAGL G&LL1JLJ2
E;L&JjJ; flWG pcirJLJA M9G OfJGLMIEG J WG&EIILG fiG IJOIUTLI9J MEG 92
NP61-' &A9TJ9pJG WGgEnLG DOUJrIJSI M9G &a fiG LGb0L;Gq
52r2 LGEnIcE MGLG drrsJr;&;JAGJA EJIIJfl&L ;o LGb0L;Gq u ;p bffboL
g1AGU JIJCSJX WG9EnLSBSGUç GLLOL u WA WG92IILG OI uoupoiiaiuR MGSJp
4J5911 ;poaG (12LJ BSLGU;&J TIJC0IUG SJOLTG' MPTCJJ 12 beLpaba rio; 2HLbL12TLI
LGEJ1Jf2 I1EJL1 flJ]2 pLosqeL WGSEflLG OJ LG2OflLCSE MGLG aomettps; MGSJCGL
b21D saae; TJJCOJLIG &uq ;JIJJG 2GL7G2 q9çs Oh L.9;Ga O LGIILIJ jp6 ora
JaQa—Ia.2 OUJA) aaTG2 SIJq CTGLTC&T CLSL;2W&IJ auq LOLGWGiI! obeLaçxAGa!
W&US6LTaJ auq sqwiU2fLa4TAe ae—emboXGq pnaiuGaawSV (gAgTJgpJG
jG OCCflbSTOU9J csçeoLrGa sLG: bLoLeaaxouaT siiq
MpJcp J Mga nuapje Twbnçc AGaL2 O 2CpOOJTu LLOIIJ I-OX aswbje
naG qsçs LLOIJJ anLLOrTIJqTIJ XGSL2 fO iLubnçG 2CJJOOTTU I qLobbeq C93G2 ID
iUqTAqfla—JGAG qaça cpqLcua LGboLçGq GqncsçTou a o OL
LLOW LawTIX_IGAGI qaça' MpJJG pGçetGGu 7ô82 IJc iao ;JJT2 Ta LOW
TIscInaTou LLOW ;ptonp Jô8 suq j' Ta
GqllCflJOU aa OL fJJG LILac AGSL ID MpTCJJ JJGX 9L6 GJIIpJG LOX. aaWbTG
IWbrLçG iaçpa XGgL2 0L acpoou I eaç7wsçG cpIJqLcua Xsia OL
OL TI-I I3Q8 '2G CaP6OLTCaT eqncaç7ou qapa LLOUJ JQ8 JJLOJTp Js
E21D '-'qJ,qqrr9j L11G IL LflJJGL2 XG&L2 2CJJOOJIIJ Ta LGb0LçGq aa a o
10f C&G2' LaflGL2, AGSL2 0L aCP00ITU Ta aJCGU LLOW fl-' Ià8
qGLGUCG LGarija'
2ecnJSL AsLTacTOIJ ID Tuc0WG yqqIJ bGLoq AaLTspJca waqe jIccic
qIIGLcuç flIJJG bGLIOq& IJT2 LOLWnISTOD COLLGC2 LOL PII2TUG2E CXCJG OL
beLoq ASLIapJG2 JuqcsçJu JJG LLSCTOU OL 2SIJJbJG AGaL3 2IDGIJ; I'-'
J31 GXbGLTIUGIJcGcJ MTcP LGbJac7LI couac9vç MTcp a AGcpoL OL
S—AGSL ojq cpJq
TI-' jaes MTcP a fl—X69t ofl cpjjq MJJTTG LEJJGL B 1498 S2 I'-' Toes TW
sçpGL y a IIJOLG aflccGaaLnI LSfPGL B 8TUJbTA pGCSJ12G L9JJGL \1 naa
6SLUTU2 qsçs &ASTT9PJ6 2TIUTJ&LJX j nonjq IJOç M9tI coucnqe
cpLonp 96 14J3136 CPIIq B flLDE 32 I 1003 suq P38 ODJX 0136 X6SL °L
cjiflq V fITLUa S2 T 10.12 siq paa 69LDTU2 qaa SASTJSpJG LLOW S2
coucflq6 cpa; cpflq 'y' Ta IIJOLG aiICCG22LIIT ;pau CJJJq B 2TWbJA p6C9JI8G
AStTspJ62 I qo i1oç WGSEnLG fl1Ta iIJqTcsçoL XGSI. p? XGSL sLjq qAqe
LeboLfa 'jop J022 qne eafffpflapweuç qGSfJJ nUITJCG OfJJGL a&iubje
18wocTceiv?' lop joaa Uqc&foL edfTSIa OIJS iI I&;pGL GAGL
uqnaçLX ou bLeAlorra Tbop M}J9U s,sijpje•
911 ]UqTAJqnJ Ta fuJewbjoXeq OL LGçTLGq TV & TAGU TV;GLATGM I fl2
9AGLSG2 OAGL 9]J 2&lIJbje XGnE tOL btJJTCJJ 2OIJJG TuqnaçLA Ta LeboLgeq JT
TV 201119 AG9L2 tOL peae uqAJqrIs7a Tuqn2cL? qrnvmTea 9L6 qerueq 9a
ow ya Mrçp occcthsçrorv aoWG 1JqJA7qrTga qo UOf LeboL; g &pq IJqf1açLX
j qeflue TUqII2çLA qnllJIJfl'ea SAGLV ouT?' aswbie AeL2 I,L0W Tasi
Csçe0LX Ta aeLATcea iPe b2ID qrq uoç &2JC TuqilafLA dneacToua !flJ,CTT
tTV&UC9 TJI2ITL9UCG uq LGSJ eaçsçe 9uq 0AGLUI11GIJf we excnqeq
wsurn3cçrTL'u cL&uaboLcscrou C01J11JtflJTC9T0u suq ncTITcTea
jpe juqnaçL?' csfeoLT6a gte: ELTCI1IcJ1LG wrxJTu COu2çLflCfJoL1
dneacTou qerue nuTou açgçna
COIJ;L9'C; suq btpeçpeL OUG pejoua S JSOL 1UJT0IJ J flaG couçL&cç
jsçe Xesta bEID 2KS poji MJJGJJGL 01J612 lop Ta C0AGLG pX s flUTOU
SA6LSG flUTOU açspna rraTu OUJ?' qsçs tLouJ ?'69L8 ope
1QIP balD qTq ioç sajc nuTou dneacToua TV Ta.i3 J cowbnçe LS;JJGLE
sASiJSpJG•
TAGU TUGLATGM J (126 LeboLçeq OCCflb&TOU 011 bLeATona lop 14J1su
occnbscTdu T2 LGbOLpGq I uqAqnsj Ta flIJ6Wb0?'6q OL LeçLeq TV S
occab&çiou qrnJJIUGa SLG SAeLSeq OAGL 511 asiiibie AGSL2 tOL MPTCP 2DIJIG
uoç LGbOLf 911 OCCflb9T0U TV 201116 AG&L2 t0L uqAqnsJa
CS'fG0L?' T2 I9P0L612 suq 2GLAJCS ewbjoXeea aow aswbIe uqAqnsJa qo
tSLWGLB! 911q bLoçecçTAe 2GLATCG (bOTTCG suq IUTJTISLXF jpe excjnqeq
MTfJJ X L.Gbjsceq pA )( bLO1GCpTOV oJ x ou ppe TuacInwGuca
LOL Sara LGLG22i0Ua açsiyqq GLLOLa SLS Cowbtieq Tu f pe asiue MSA
.=T1 . •=1 11 1 •=1 1XX•J1 [ E xC X] [ E.183 .183 .183
eaçwsçGq A9LT9UCG—COA9LTStJCS wscLTx Ta
1pJJG j * 7 AGCf0L O GafWSçGq qTacrrLpucGa J0L SWJJA 'V JPGV
JflWTJA '] svq K fJJG tIUpGL 0. HHC A9LTSPTG2 ETUTIX Te qcuoçe
1 1w&çLx psa qrweuaou j * JC MpGLG Ta fJJG VnwpeL °L LOL
pA 'V rc X'1 qGLJOfG e LU&fLJX 0 HHB A<pJG2 T,0L L&WTTA 'V JJ7a
ste cowbnçeq 32 I0flOM2 re; .183 I.SWTITGR TV WG a&111b16 pG Tuqexeq
50E0L we ore LGLG22T0V2 LeboLfeq TV flJTa b9beL' afgVq9Lq GLLOL2
abeir C0LLGab0uqu ojqeaç cpflq
je22 fpu 53 LOL I.SPGL2, acscTacTca JU L3P1G I' I [TaG flJG [SJJGL,2
£9fPGL.2 qç Ta 3AGLSGq oujA OAGL AGSL2 TV MJJTC pe cpxjq Ta
L0I$3 cpTjq cc cpjq IZIIJTbJG cpijq I.suiTTTGa' aijice 0L 69031 cpTTq we
A3LTSpJG2 tTcp 32 pe LL3CTOU 0I 2&Illbje AG3L2 TV S [1111015—— c&u ASLA
abella LS31GL JJSV JQQ abej1a Mofe' JJOMGAGL' 201116 sçpeLa,
abejj T 1P1 7' 20 t9fpGL2, açSjqaf7ca ste cowbnçeq Cu oujA .183
SfpeL2 Iflfp WOLG OVG aswbje cpjq' i ucjnqe ouTA oue
AesLa 0CC[TLTU 33fGL lop j022' M7fp ITTG 7lubScç ou ppe Leasljça
3120 GXbGLIIUGV;Sq M7f31 TUcGL3CcTV ')op joaa Mfp fPG LLSccTou 0 2SWbjG
eaç&papuJeuç qescp psa jou—LrnJ couaedneucea I.0L e9LVTua suqM5Tea J
LG8LG22TOV2 JJEU we jsççe' MJJCp Ta LG320U9jG TI. lop joaa qcie
LOLIIIGL ASLTSpJG psq WOLS GXbjSUSOLX bOMGL TV SAGLSt G3L11JV2 SIJq MSG
SGLO—CUG TUqTCSçOL LSIJGL S 2SIUbjG 9AGL9G pecsnae j iorrnq
pA GSCP TUqTATqflSI,2 29IJJbjS AGSL2 IIJGS2IILG 'lop 1022 92 &
q&npfeLa Ste LG;AGJX CaUCGLJfLçGq TIJ IJq 2GLAJC6 MJJJCJJ I.LOW
paçp aexea iu bLscçJce poçp eiecça aeezu G bLG2GIJ; FLOW ISPIG T
OAGLLGbLG2GIJpScJ T jqLTGa MpGLG GXCG22 wçcpru Lsçea StG JOM taL
TLJ2 at poXa r'-' ecp ruqnafLA OL ;JJG cç LJa Ste
LOL TL72 conq pG qce GJçJJGL fO JOMGL GXCG22 LSçGa O WcjJiii LOL
ju bLiucibje' ;JJG LGJsçAeX JOM GXCG22 L&fG O JuqnaçLA wçcpiu
cxoeuona 'jop jaaa
EcI.IGL2 suq cpJJqLGu Ste COIJEJqGLGq T)OJ) JOEGLE TI. GAGL LGb0L;
C0AGL6 pX S flLJJ0U couçscç JI) WOLG pit ai f}JGJL aSWbJE AGSLB
JOMGL ac caqe suq CflLGIJ Ste COUBIqGLGq I1IJJOIJ TI. SLG
eswbje XGSLa MGLG CJG2 Ste LG20JAG JIJ t&AOL O JuqnaçLJGa MJçp
9uq cpJJq apaeLAsfiau fiG JuqnapLX scconuçiu tOL bJrTLSTJJçX at
haL fIG bnLbaaea at cauafLncfJu jSJG 2 I aaarffii escp I.SfPGL
caAsLJguce MJfpJu I.SWTJTGa TaJJaMJu I.oacuace So
(1081) ta JJGçGLaacGqSaçJcJçX at nujcuau I.OLW stiq SLpJçLSLX GLLL
at ,ora - Sare p waq?qu fIG I.OLW1TS bLG2GIJçGq Ju suq ISAJaL
unjJ cpc I.çPGL JIJCaWG Ja GxaGuana I JuaçGsq cawbnçe fIG ASLJSIJCG
uaç bbjX 2JUCG ora Ja uoç fIG iuaaç GaTcTGuc GafJIuSçoL at & fluqeL fIG
aL caIUbitJu fIG ASLISUCG a[ ora — sara JAGU J11 H51T2W5J (To\8) qaa
fIG qJafcTLpSucG GLJJJ flJ (1) Ta uauabpGLJCYJ' fIG LOLWITIS
caLLGJSçJau at GLLOL2 MTçpTIJ tSIIJJJJGa
MOfG LebaLfeq açsuqq GLLOL2 CLLGCf aL fIG LG2flJJ
aL G&CJJ ISçpGL aa fIG uOWJu&J asiJibJe 2JSG Ta JQea apaGLASJau2
I.JLac—2fSG LGLG2aJOIJ2 LeboLçGq HI jspje 5 iTEG SJJ abGJJa
5211JG JUqn2LX CL MJJTCP M9G2 26GW Woaç ITKGIX o p€ PTJJ qnG
cpflqLeu,a JJTCJC CU aaeç OL cLSV2tGL JUCOIJJG
G9LIJ7u2 qnG JITCJC j go uoç 9fpewbç cc LGIUCAG WG 7wb&cç o
abcnae 2f'TJJ JUCCIJJG Ta qcueq LGWOA7IJ ouiX bstç o fpe cpjq,a
anpçL9cç flTG cowboueuç qnG cc JITCJC OI37? LOL fJJG cp77q' UCf tOL
e9LIJTIJ2 JLJ COU2cL11CcTIJ 2KTTT 1498GB aug s&LUTU8B TV JflPTG ' j
''AGL98G fof&J 7IJCOIIJG T2 colubnçGq JU JJG B9WG M9X SB SAGLS6G
WG&2ITLG O SAGL98G G9LUTU82 n2Gq nj , 12 qeuq 92 (G + G)\(J +
LLSCPTOV ci. we cpq,a aswbTe ltesLa e abonae Ta bLeaeuf flJGV fiG
69LU1V82 CL AGSL2 7V MpTC ISO abcnae ia bLGBSV;y fGf aLBYC fiG
UflBJpGL CT AG&L2 fIG CJJJg 2 TV fl56 2SWbTG (TUCJflqTIJ8 XG&L2 O SGLC
L6SJ esLUTV8B c. cpq suq abonae' LGBbGccTASTA' qAqu8 pX
UCVMCLJCTIJ8 abonaer 3TWTTSLTA' TGI 6 suq G GVOfG fiG 2SIUbTG &AGL98G
qGuf7c97 fo OMU M98G2 LCL cpflqLcu MjflJOfl abcnaca CL LOL cpflqLeu etTcp
&2 JJCJ'1L2 MCLJCG LLOIJJ J cc j J404G cpa; cp2 MS8G WGSB!TLG 72
72 qGuGq 92 (14 * Jj + 14 * JJ)\(JJ + p)' MJ.JGLG T Ta qGJxJeq
149862 i.LOW ; = J ;o j' MGT8PcTU8 PX 7)2 CflL2 TV r IPGU fiG M98G TV
suq abociae' LG2bGccTAGTX' MGLG 14 12 queq 92 fiG SAGLS8G 0i. 7,2
M aug 14 GUCG fiG 2SWbJG SAGLS8G LGSJ MS8G C, fIG cpq
MCLJC TV 2GLATCG2
beLcGuç)' MPTCP TB dIISVcTcScTAGTX TWbCL;9iJcpGcan2G 20 WSLIX qan8p;GL2
GXCG22 IIJSçcppJ8 LSJG 8TLT2 TV fiG 2GLATCG uqna;LX ( cc so
suq qSTT8J.J;GL2 SLG 2TJJJTJSL 7V WC2 uqnaçLTGa' pcXa 9AG 9 WflCJi p78pGL
wgçcpTu8 Lsçea• Qu fIG CTJGL pauq' Mp7JG Gxc622 WSccpTU8 L94G2 LOL
LebLGaeuçcq TV CCV2LflCTCU aug wauni.sccnLTu8' MPTCP Pate pT8PGL GXCG22
1PTG 2 9AG 7014 GXCG2B wsçcp7u8 L9762' MPTTG 20132 9L6 WCLG peSA7JX
31HS1JnERGIC (188Q) suq HGCKWSU rAue srJq oqq (18o2) bLeasu;
boAGLç2 asiub7G
awbe SLG uoç qrrG LGS46L bGLa7açcuce O IncIc—LGJEcGq uC0WG lu
suqow swbje 1p02 JJG qrteLeucGa pG;MGSLJ JJS L9JJqOW suq boAeLç?
ill fG b0AGLfA awbe' 147ff! LSaITJ;a 27W779L OL
301 GXWTIJGq boLaJafeuco oi q7eLGuç colubouGuf a oi bSLGIJ;SJ
(3j aebsLsfGJA pA LcG
!.1SLG uoç euonp UOUMjJiea 113 7J36 ISIJOW aswbjs saçwsçs
LOL ILJc0UJG
8HGanIcaLG dfT&71f&IAGJA BTIIJIJSL tOL OJJGL UGSLpA cnço A97fl62
MJJOW J CEll qGcowboae 7L2ç—pEI &uq aGCoLIq—pEfl 113C011J6.
L°1T1 J 0AGLS7J1 fJJGLG &LG o .183) sçpGLa LOL
11JAG2f]9f1IJ bGLaJaçGucG i iucjrrqe oujA 0136 opaeLAEç7ou beL IEf!GL
iwbrea j iunaç cxcjnqo 19fpeLa ttçponç q&ç 9UGL Ta.1S Mf!6lT
uqnaç LA cowbousu; oi bsuçsj 7IJCOWG ttçp LGE20IJ&JG SCCIILECA jpia
O p014 wsuA AGEL2 ff36 LEPGL 72 715 JJG 2E1UbJG 713 0LGL WGS2nLG ff56
aswbje AGEL2 LLOIJJ 18Q8 ff!LOfTf3 92 7L2f JJ&fl, AGSL2 LG9LqJ6a2
JUqIT2fLA 72 110f 9A977&p76 711 ff36 b2ID bL7oL 11J I C7E22flA
cowbGua9fru c4iflGLGfT9Ja Ju 1UhIJ1IJ ELG IJOf 7wboLf9uf cc usA L62117f2
lU2fLflWGuf AGCOL L6qr1c62 sara G2f7IJJSfG2 0T & ancaçju ff5Ef
7uqrlafLA qnwwA swou G coufLOJ AEL7spJGa L&JJGL
cowbGuasfJu q7eLcuf7EJa 12 W7U7U' HOMGAGL 7uCJIIqJIJ ff39 IU7U71J
&WIJTS2 qo uoç peJrnAe IJ SCCOL&IJCG MJçp s brns sçrraw IJJOG
333vIcoulr' 11sXap1 suq (O4J7JCO (Taos) LoL SAJqGUCG
o oewGuf9LA acpooj sççuqxc 7'-' wgaagcpnaGcfGa.
LcJ9çJouap7b pGfMGGU cpoo driçX uq ponau bL7CG2 oi.i obboa7çG aqea
mou 2CJJOO2 BJ&CJC (JQ) wGsIJMp7JG uqa S 27UJTJC9IJf boaJç7As
J7f6L9;ITLG cou27afeuçJA 7uqa 7SLG stiq bGLaTaçGuç dnsjçX flGLGUCG2
H&IJ!TSPGJC (g) LeboLça Gqncsç7ousj bLoqrlcç7ou uTUCfTOU
wsççGL
suq KLflGGL (TOOS) suq hIITO (1082) SLfl6 acpooI 2bGUq7IJ qoGa
GA7qGUCG 2C00J 2bGUqJIJ jsa JTç;JG GtTGC OtT OnçCOWGB' MJJ77G CLq
iop roaa 012 oio o11 oooCOAGLUWGU 00.1 ooe oo,3GLAICGE 0_is 033 0S1
LIHE oot oox oo ooajL9qG 013 018 oie 0SoIL&IJaboLc\flcTITfiGa 008 0OQ 0o. OOw&uflf.&ccnL1IJ O3't 0S0 OSQ 012couacLncclou ooa OO.I 013 oos
NTUTU 0_UI 001 001 000
yLTCHJfIILG ooe 003 002 001
JuqnaçLX:
flUTOU 030 0fl 01Q ooa
oas oa 0es oea
rrA1u ILl cpa oriçp 058 030 031 0SôrIAIU OQS 023 023
bLoceccIAG 2GLAIcG8 00S 003 002 001
E&LWGLE 002 001 001 000
aeIAIcG MOLJCGL2 00. 012 011 050
QbGLSTAG2 01Q 01S 01,1 008
CLtc2w6U ? EOLGWGU 0S3 011 050 005
asrea 8t CIGLIC&I 0T0 0S3 011 03Q
31121U6221JJ911 00NSUEGLISI g yquhTuiaçLsçTAG 01.I 01S 012 010
L0G22T0IJJ ' jGcpIflcJ O'Li 0S5 051 0Sccnbsçiou:
AGSLB CL qnc9OU 150Q 1333 1338 1358
J4OIJMpTG 0_os 008 008 ooa
ye S13 5a12 5ô13
i°ci JUCOIIJG 'I2'tS 33Q82 331Q 3'IIXO
HG&1 yIJIJJIS ESLU1U 38Sô 183S'1 5381S
}JG&J HO0L1? 1232 1000 1112
AGSLE I'-' aswbie usa 830
JLpJG J491U6 E&WGLB cJJJqLGLl OLJ2 Dgf1pçGL2
DGECLTbIAG acScIacICa gabLGaGuçfiAe awbie
IVBFE I
COASL7&UCS t%TcJJTU 19W71162 y (*) qekroçea 2TUILTC&UCG c L7A6 bGLCGXJfLopn2f pcçeL.oacsqsaficrçA C ITUJCUOMIJ LOLW 92 MGJI 92 SLpJçLStX GLLCLJUqnafLX c9çGoLA 12 2GLATCG2 suq&q GLLCL2 SLG TU JJELGIJ;J16202 SLJq 916p2thofpGa7a cp& co6IJc7GUça CU S SLG 'ICIUIIX SGLC 1116 excjnqqbSL;19J —adn9rsq tiq f6 21UTLTC9UC6 IGAGI CI 9jq jGaç Clj w unjjjJ.JG LGbCLç2 COGLLICIGUc2 CU JJG J1TCJC WG92flLG2 5 92 M6JI 92qGI1JoL.9bp1c ASLI&P162 9uq CpBGL.AYpJs WGS2flLG2 CL ISfJJGL2 2JCflJ 9uq jncjcJC 9AGL9G bELGU9J TIJCCIJJG &uq içpcLa &AGL9G G&LUTU2 CU140112 11112 BL62GU;2 LG211J2 LLCIIJ LTLac—2csG LGLG221OU2 CL
M9Jq jG2 0000 0000
bSLcT&T g—3dnsLeq 003Q 00.1Q
*(0038) (003)1CP r'C22 —0101
(OOXct) *(008e)COAGLUWGUI ooea OSOe
B691 Ecc (OOoQ) (0TOQ)LTUSJJCS' IUEflLSUCG 008a 0131
(00Q5) CO0.1e)o.o.io o.18e
bflPITC ncrITcTsa (ooeT) *(00e8)jL9UBbCLfSç7CU 0.TS.1 0S'Y0
*(00t1) *(002)wsUnLsCcnLrU 0 JIQ OSSO
*(O0!2)cCLcLflCcTCU 0•50.1 033e
(OO.i.i) *(O100)W1UTU OSSS 0'tQ0
(0118) (0120)y8LTcnJçruG —0020 0111
*(O038) (00\fe)QUICU 0081 01.18
IU8ILflWGUI JUCCIJJG E9LUTU211 E&u1JGL2
Deboucisu; A9L I 9mG
C0UP0l2 I_IA1 = D6WOLSbPTC + 13 X1 + tt 5 + /C
IU8cLtUUGUI HGIGASUCG
IVBFE S
(*) GUOG2 2TIJTJC9IJCG sç UAG bGLceuç& j-jnawsii oi unj pXboçpcaa o GxoeuG7fX ot bsLcuc9I 7uc0w6 ybLG2GLI; b—A9J11G2 £LOIIJ 9 jjjq OT oAcLJqeuç7Au L.GaçLJcçJou2 &uq/4611 92 9LpJçLStX SLLOL COA9LTSIJCG MlcpJu 9IIJI11G2 jG L1U91 fMO C0JJTWU2
w b9LGuçpGaGa &uq SLG opnaç pGçeLo2ceqgaçicifA O IIUJCIJOMIJ J0LW 937IJCOW6 OU JJG JJflIIJ9U CSbJ9j uccrnJJnJsç7ou 0j cpflqLckr GLLOL2 SLG
WO1E2 IPI2 f9JG bLeaeuça eaçwsçea °1L wbcç o baLeuçEJ
*(0108) *(0122) (0803)qnc9çJou i3t osss —0Th128 0.13 008Q
ESLU1U2 (OO2S) (OOQo) (OThtO.)
2J11T OThtôS 0S31 —030e 008 01!
*(OO2t) ,(OOi3) (041A)E9LUTU2 O.SS1 —0121 001 032
M9G2 *(0052) *(003't) (0508)aiclil O318 0188 —OSSt 03Q 003
*(OOSQ) *(0032) (OSN)M968 O3Q1 0T8.i —OTOQ 01.1 O'IQ
H17W&U cstTc&i jucnqq ucjnqeq 1G2 joaçJJflLGIJ2 X(1—1) uoç X(1—1) sjq H902W91JH6SEfTL6 OI
ore --sera X( 1—1) II1ICFUDED--
I COIJLOI2 —K = DGWOL9bP1C + K +1
+
E2c1w9cGE OI 3%: LSLGUP9I I0
IVBFE 3
y (*) qsuoçea aTthJTtTcsuce sç HAG beLceuçs HSøEIu&u oi unj pXboçpeaa oi exoeusç? oi T&çpGL G9LUJIJ2bLe2euç b—A&JilG2 LOIIJ & jq OT OAGLJqGUçflXu LGafLJcçJoua uqsa SL.pIçLSLX GLLOL COA9tTSIJCG niçpru iwrjiea we po cojrnuuabsLGuçpeaGa SIJq SLG opriaç fo pefeLoacGqsaç7cJçX O flhJJCIYOMU LOLW St MGTTOil JJflW9IJ CSbT9 sccnwnIscTou OI cpqeir 3ç9LJq9Lq GLLOL2 LGM0IE2: Ipla bLeaeuça GaçJwflGa o JJG Twbscc ot tSIJGLE, GSLUJIJa
*(0158) *(013S) (0'TaO)qncwfou I'Th1 020Q —0S8 O.IS 010
E&LUT02 *(0021) *(00.11) (0SS.i)21C111 0S.1 0S3S —0S3 00 003
(O023) (OO1't) (0S32)ESLUIIJ2 Q'f0 OS08 —013S 0O0 01'1
(0O32) *(003a) (011a)aicril 0318 0128 —01ST 03S 001
*(003S) *(O03) (0TS'J)0303 0120 —00'tT 01.1 015
uniusii 9t]çsJ jucjnqeq rcjnqeq jea; jG2fx(T—1) uoç XCI—!) MIq HSfl2IIJSIJ
NGSEIILG O 0r2 —-52F2 X(I-T) IMCFflDED--
couc..oIaA1 = DGWOL&bJ.1C + & A1 + Y X +
2JWGa 0J &: FflWGLI2 ELUIUa
lvBr'E ct
uJçcpeaTU WG b2ID suq fIG tIUSI COJ11WU2 2fJOM2 fIG LS1O 0 scçnj fO GXBGCGquqGbGuqGIJç fIG tOfiLfil C0J1IIJJU 2JJ0M2 fIG SC4?JTJ UFUJJpGL at WSfCG2 02GLAGEfJJGL—cpflq WSCJJG2 aUG onjq GXbGC It 9flJGL2 &uq CjJflqLGU,2 JiTCJC MGLGcp]JqLGU U fIG 891I1G CGaLX fIG fJJJLq COJ11IIIIJ 2J10M2 fIG 1JUpGL at1228) s22UGq f'12 C&çGOLX ff16 2GC0JJq COJIIIJJU 2JJObt2 fIG UflIJJGL at
csf6oLA LILac COJJtJJIJ 2JJ0M2 LJ11IIJJJGL at tSfJGL opaGLAscIaua (onc arUçGLGUGLfraIrnJ u1CJC iugfcpGa LOL G&CJJ uqnafLA' flUIOU OL 'Jap 1022I4olEa: cR12 pIe bLeasuf a ruIoLmcroU oIl fIG tLGdnGUcX at
lop F02GL 128 .15 Pit IT 0.18
JLI S flIITOU 522 18 51 FYI
VII uqnafLGa 838 838 158 1.13 F3'tD9TI8PGL8 QIJJ?:
l'P I'O8GL 15.1 85 10 0.1l
IL S 520 153 3.1 28 F28
\fJJ JUqnafLjGa 830 830 121 521 FQQ
20152 OuIX:
laP Fa3GL 58 51 0.12
IWIOU 202 Tact 22 80 F't3
VII JUqIIEçLJGE 1228 S8'I 'tS't 1•ctà
COAGLUWGUf 100 2
2GLAICG2 521 85 115 F3.1
LIHE 2.1 ITO 11
188 58.1 33 33 FOO
ILSU\caww\ncrIrcTGa 132 82 .1 .1 FOO
wSUntsCcrJLrLI 253 3Q 132 188 1•'tQ
caUacLnCcIaU 1Q'f 158 13 3't 521
WIUIU 12 10 0 I
vLICnIcnLG 153 23 51 2'52
VII pqLGu:
CScGaLA at mdc LSPGL2 pqL6U fr4SfCpG2 Nf Cf1G2 Esf 10
at * at xbGdçeq VC[J9I
CSU EnpL2 BGdflGSf p mcJc3
lVBr'E 2
MJçJJTIJ £SUITTTGB y (*) qeuoçea 2TUTtTCSUC6 S4 tTAG IDGLGGIJ;peceLaacGqsacTcTcX OI fITJJCUOMU OLW sa I4GJJ S SLPTcLSLX GLL.OL COASLJIJCGTUEcLnIJJGUc JTaa' fSIJcjSLcJ GLLOLE SLG TV bSLGIJ;JJGESE 9IJq SLG LOH2f fOTICOWG Oil JJG !IIIJ91J csbrcsj sccrninisçou OT cpflqrLerY fl2TIJ ASLTOJT2
jjiia bLG2GILp2 &E;TWS;Ga o TWbSCf OiL bsLeuçsy
*(o122) (08o3) (1109) (S125) (F13S)qncsfou 08S8 —0't98 —02S5 —0181 —022,1
ESLVTVa (o0ea) (Octo.x) (O2'i0) (FS.11) (FOOsI)CKTTT OS31 —o309 —F3e1 —o1e3
s(00.\3) (0'ITX) (02T) (FST2) Cr00!)E5LUTJ2 O.SS1 —01Q1 o1e9 —FOOS —0181
*(o03s1) (OSoS) (0&13) (0.IS.1) (0'IQT)dclii 0188 —0SS —00Q2 —08'12 —O'SBS
*(0032) (0SN) (0S8) (0QeO) (0xfe3)MG2 018! —010Q 0101 —o.ioa —osao
HflWSLI csbTcsi ore iuacLnwGJxca ouTA ouTA 0DmcpTTqL' Vii uqnaçLX uou -top roaa
NGS2flLG Osara EaLINVIEC
COIJcLOT2 I I IK = Gusot.sbpJc + S A + y + c
yJpcLusf7AG IU2cLIflJJGUP F72c2
IVBFE Q
a]IJiticgIJcG gç tIAG bGLCGUpLTIIJJ p2.boçpeaia a GXacUGiX a JsçpGLa GLLJTU2 y (*) qGoçGtLOW S ai aAeLqeufXJu LeaçLJcf7oua 9IJq S flSJTEUJSIJ OICOASLJ&IJCG MIçJJIIJ ISIIJflTG2 jG tIUSI 40 COJJtMIJE bLeasuç fpe b—ASJnsaLOpfla pGçGLaacGqsaçrcrfX at JTIJjCIJOMU tOLUJ 9 MGfl S 9LpLSLX GLLOLqrtGz pX cpijqa GuqeL 3çSiJq9Lq SILOLE SLG Ju bSLGU;JJG2G2 suq SLG
pnzu&u C&bT(&T &ccawarsclau ot cpJqLeW &}JaMTIJ sr COGZLLTCTGJJcB
M01E iw ;SJG bLG2GUçB caçiwsçea at wbscç at bsi.euçsj Jucowe OLI
*(0153) *(0TS2) (0821)qncsçjau 5030 0802 —OTOS OQS 055
ESLUTU2 *(00io) dO Too) (02fl)aTCIlT O2't 0513 —O38 00'12 05Q
*(o0.ia) (0T13) (02Q2)ESLVTU2 0238 crjaa —0330 0005 033
9G2 *(003I) *(00'To) (0538)2JCTIT 0'tOS 0513 —008 0O'18 050
*(003Q) *(008) (OSsfO)91TSL2 MSG2 0300 05T0 —cYOQ2 005 ose
*(0Ts12) *(IYSSO) (0055)qflcSfaU 01.10 —OQ.8 0R3 01T
SLUTU2 *(00QS) sJ008I) (0o.i)31(111 0'NQ 0528 —0001 0R3 ORO
*(ooQ) (008) (0213)ESLU1U2 003 0528 0538 058 0.1
*(0035) (oo'o) (05T8)31c111 032e OTQ —0133 055 0TQ
*(0120) *(0023) (0558)035Q 01Q8 00!2 003 028
3SWJDJG HIIIIJSU CSbTcSI jucnqeq ucjnqeq jea; Lea;JJqLeu1a X(T-1) iiaç X(1-1) MSIq FIsiTauJSu
weare ot—--sa12' x(r-J) rwcrnDED-—
Ea;rwScea at S: 2atja suq DSUP4GL8 ebsrsçeq
IYBFE .1
ebonasa ss OL JTLfJ.J6L qeç&jeWoLFE: IPTE saçJw9çsa wbscç o bstsuç TUCOWS 015 CJJ7qLGLJ gIJq
IUCOW6 *(ooqi) *(oo22) (0520)akIn 038't oSQa —o•o8 os oreII.JCO]JJG *(0032) *(O0't8) (0523)joçj 0388 0S2 —OOfl 0'tO 0S1
EffLUTU *(0 O'tQ) *(0 02) (0 3'13)
ai'rrr oio oS28 -orn oio use*(0o'ts) *(OOeS) (0333)
E&LIJTIJ2 0'tT OS2S —00S2 002 025
*(ooai) *(0o2) (0S30)3JCTJJ 0332 0508 QUIT 058 038
*(0032) *(OOfl) (OSSÔ)1JnwcsLa 0338 0•S0 oo8 O5'T 0•'18
JIJCOIJJG *(00ti) *(00S2) (0523)2JC711 osa 03t1 —0508 022 005JUCOWG *(00't8) *(00.i2) (0528)
0'122 033i —OTN 020 00i
LUIIJ2 *(0023) *(oo.18) (0'IQT)81111 0•tle OStI —0038 021 02
*(ooee) *(0080) (0't28)EstU1U2 0'121 0S3 002.1 02i 0.10
*(oo33) *(0020) (usIa)21<111 0335 0T8T —05.18 022 005
*(003) *(002S) (QSIS)20152 MS2 0308 0183 —0100 038 01.1
JUCOWG *(003'1) (008) (OS'IO)21<111 0fl.I 0•308 —01S3 082 002'f
IUCOWG *(0033) (00t1) (0S3)OThtsQ 0301 —0028 0.1.8 015
E9LU1U2 *(oo1S) *(002x1) (0332)21<111 omus 052.1 —ooas oeI oss
*(00'13) *(0022) (0338)E&LIJTU2 0'135 0S'18 —005.1 0'12 0•'tI
MSG2 *(0052) *(0033) (0502)21<111 0333 0S0l —053.1 025 005
CPIIqLSU (00S2) (cY03) (0502)VII 0353 0501 —oisq 033 ooa
a&wbIs HITW&U sbç9j ucnqeq ucjnqsq & je2ç jsgJJJJqL5JJ}2 X(1—T) UOf X(1—1) pjsq HnewauNGSBflLS
ora sara x(1—T) Iwcr'nDED—-
afpJsçca OL &: yAGLG JUC0IJJG 0[ p1lq 9Uq abonas
LVBE 8
lop roaa 0.S0 015
COAGLUWGUI ooe 008
8GLATCG2 030
LIHE 0.0S 0001 018
jLSU2bOLf\flfTJTfiGa 00.i ooe
4sunIscçnLJu 058 0S't
COIJecLflCcTOU 013WTU1L 001 001
yLIcnJfnLG 0•10 003
uqna;LX:
flUTO]J 0S2 01S
ORO
F1ATU JLJ 3oriçp 0Q3 ORQ
r1A1IJ ri' 2WBY 02.1 02sf
bLOcGCcTAG 8GLATCGE 003 003
ESLWGLE ooe OOO
F&POLGL2 GLA1CG MOLJCGL2 0S8 0S.i
QbcLefIAsa 0fl 05S
CLSLcaIUGIJ 8 LOLGIUSU oss 015
2&IGE CIGLTC&T 002 051
3eJJ—1vbJoXeq Bnarueaawsu 0.0'1
yqIJJuJ2fLsçJAG 033 ooe
? jecpiic&j 003 ooa
Qccnb9çrou:
AGSL2 0j qncsfou 85 1535
wouJJJc 02S 02\
sooa
HGSI ioci JUCOIJJG siao' S1à83
BG1 yIJUcT& ESLU1IJa 12'110 T5'I2
ISGST HOØLTX 1QgG 815
AGSL2 I'J aSUJbJG 1100 .185
A&LISPIG Ø9JJG LffcWGLE rqLGIJ
1JeacLTbcvs 2cc1ac1C2 FOM IUCOWG aswbJG
IVBFE
C0AStJSVCG etiçpixr t91JJTITG2 v' (*) qeuoçea aTIJflTCsUCG LIAG bGLcGuçpeçGLoacsq9açrcTcX at fflJJCLTOMU LOLW 92 MGJJ 92 sLpiçL.&LA GLLOL
C9çGoL2\ Ta 26LA1CG2 GLLOLB StG 715 b9LGuçpeaGa &uq SLG opnaç;JJ&; flJG caGJc7Guça OIJ &LG o7iJçX SGL0 jG excjnqeq JuqnafLX—adrwLGq 915q arurircucc JGAGJ oi s sjq jGa; o UnJ pAbaçpcaaLGbOLf2 coGtticTGuca 013 hICK WG&2flLG2 S' 92 MGJ7 92 fG bYLçJ9JA9LT&PIG2 suq OP2GLA&PIG IJJG&2flLG2 at sçpca 2JC711 siiq IIICJC flJG c&pio
tTLac—ace LSLG22JOD 0I 70 SAGL&G b9LGLYç9J TUCOWG 013 qewaisbjc1401E2: fy72 bLeaGufa LG2JTJa tOL ;JJG IOM ILICOIJJG 2SIIJb7G LLOIJJ JJG
9jq jG2f 0000
b9Lf '1 —dn9Leq 011,1
(U 031)op roaa —00'N
(0083)COAGLUWGUc 0020
8 H°91 E2191G (o•hIa)ETU9UCG JU2nL9VCS 012S
(0022)jLsqe
bJIPTTC flcIIIcIGa (Q•Q)jL&uabaLçsç7au ' Q•fl3
(0 02S)0020
(0028)COLJ2;LflCcToU o•oe't
*(0 118)
(008flyLTCnJçnLG —Q 112
*(0038)fl'510t3 0512
JuaçLrnuGuf E2cTWScG
C0JcL01 —= GwOL9bpJC + + + A
uaçLnwGuç gGJGA9VCG' ra JIJCOIJJG 29wb16
IVBr'E TO
gc bGLCGJJ;
pAbacpGaTa ot exoeucp2 o bsteuçj Tucows y (*) qeuoça 2TthJTLTCSIJCGa aAGLJqGuJXJu teapL.rcçioua &uq 9 11902w9V at UnIT
MTçpru t9IUTITG2 jpc tius pta COJflJ2 bLG2GU; b—Aspie2 tLaw 9peçGLaaceqs2çJcçA at !TUJCUOMU LOLIJJ 92 MelT 92 &LpJ,eL9L2 GLLOL COASLJ&UCG
TUCOWO t9W111G2 f9U9Lcj GLLOL2 StG JU bsx..euçpeaea suq Ste opnaçTIJCOWG an pnwsu cgbiçsj 9ccnwrrJ9çJau at cpqeu OL S 2SWbTG at TOMwoua jpJ2 bLGaGu;a Ga;JW;Ga at cpa Jwbscç Ot bSLGILpSJ
*(Ost3t) (0't3S) (O8ô)EquTCScJ° rnaie F3OQ 023 O'8
ESLUJU2 (OIOO) (o•Iil) *(03S0)2YJTI 03Q! 032e oeat 0003 030
,(0102) *(0112) *(0353)E9LUJU2 038,1 03Q& 088 005 0S0
9G2 *(002) *(002S) (ONS)ENJIT OSTQ o1e2 0111 0X 003
(00sta) (o022) *(0fl8)0S't8 01.I8 03S8 O'.12 031
HnWYU C9bI;9I jucnqeq IUCInqeq & jOEf iGac
X(J-T) no; x(T-T) -. 9q H9flEWSU
WG92flLG at ore -—sara X( 1-I) IWCFUDED--
A = DGWOL9bPIC + & + y + cT
acw&;ea at &: ran IUC0l swbje
IVEFE TI