Page 1


-'.6+5%*'/ª0<'0 $4+6#00+#

1,5:1

1



1

#64'$#6'5 8GTKEC  Õ7PKV   I 5VKGT UVÌ­V T6QICVWU UVGJV N OKV <YGKI   WPF5RGGTXCP#TUFGNN 5EJTÌVNKPIUHGJNGTCWHFGO#XGTUUGJTUEJÌP



8GTKEC FGT 5QJP FGU LÒPIGTGP %QOOKWU QRRQPKGTVG IGIGP UGKPGP $TWFGT 'RRKNNWU WPF UVKG­ FKGUGP XQO 6JTQP   0CEJFGO GT FWTEJ %CTCVCEWU FGP -ÌPKI FGT %CVWXGNNCWPK DGUKGIV YQTFGP YCT HNQJ GT WO  PCEJ 4QO YKG &KQ   DGTKEJVGVFGTKJP$GTKMQUPGPPV&KGUHÒJTVGYCJTUEJGKPNKEJ\WT+PXCUKQPFGU%NCWFKWUKOHQNIGPFGP,CJT

2

4

3



&74164+)'5 Õ5VCVGT  X %JT  I 5VKNKUKGTVGT #RQNNQMQRH T5VKNKUKGTVGU 2HGTF N   XCP#TUFGNN 8QT\ÒINKEJ



Õ7PKV  X %JT  I 5VGTPOQVKX<KEM\CEMNKPKG WPF 5RKPPGPOWUVGT XCP #TUFGNN    (CUVXQT\ÒINKEJ





+%'0+Õ7PKVI*CNDOQPFOWUVGT5VKNKUKGTVGU2HGTFTXCP#TUFGNN 5GJTUEJÌP





64+018#06'5 Ô5VCVGT  X %JT  I 5VKNKUKGTVGT #RQNNQMQRH T2HGTF T XCP #TUFGNN    5GJTUEJÌP 



)#..+#



#7.'4%+ %'01/#0+ Ô5VCVGT WO  X %JT  I -QRH T OKV .QTDGGTMTCP\5VKNKUKGTVGT   'KPUR·PPGT OKV CPFTQMGRJCNGO 2HGTF T ÒDGT NKGIGPFGT )GUVCNV T %CUVGNKP <ÒTKEJ  &GNG   UVTG¾6CEJG&6 4#VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT 



#7.'4%+ '$7418+%'5 Ô 5VCVGT  ,CJTJWPFGTV X %JT  I #RQNNQMQRH T2HGTF   TFCTÒDGT9QNHWPVGP#FNGT&GNGUVT¾G6CEJG 8QPITQ­GT5GNVGPJGKV(CUVUGJTUEJÌP





%#.'6'5 Ô 5VCVGT  ,CJTJWPFGTV X %JT  I -QRH T2HGTF T FCTÒDGT *QEMGPFGT   WPVGP4CF&GNGUVTG¾6CEJGXGTIN&6 8QTFGTUGKVGMQTTQFKGTVUGJTUEJÌP



10 El



.'7%+ Ô5VCVGT  ,CJTJWPFGTV X %JT  I -QRH T OKV &KCFGO2HGTF T -QRH N FCTÒDGT   2CNOGFCTWPVGT-TGKU%CUVGNKP<ÒTKEJ&GNGUVTG¾6CEJG&65EJGGTU2N:HH 5GJTUEJÌP 



2+%610'5 'N5VCVGT  ,CJTJWPFGTV X %JT  I /·PPNKEJGT -QRH T#PFTQMGRJCNGU 2HGTF   OKV.GPMGTTFCTWPVGT*CPF%CUVGNKP<ÒTKEJ 5GJTUEJÌP  11


14 El

11 Å

12 El

13 Æ



5'010'5 Ô5VCVGT  ,CJTJWPFGTV X %JT  I -TGW\ PKEJV OGJT UKEJVDCT )NCVV &GNG   UVT¾G6CEJGXGTIN&6 5GJTUEJÌP



5'37#0+ 'N5VCVGT  ,CJTJWPFGTV X %JT  I -QRH T OKV .QTDGGTMTCP\$KIC T WPVGP 4CF   %CUVGNKP<ÒTKEJXGTINHH (CUVUGJTUEJÌP





“5VCVGT  ,CJTJWPFGTV X %JT  I -QRH T OKV  .QTDGGTMTCP\4GKVGT N WPVGP 4CF %CUVGNKP   <ÒTKEJHH (CUVUGJTUEJÌP





57'55+10'5 'N5VCVGT  X %JT  I 1TPCOGPVG UVKNKUKGTVGU #WIG (NÒIGN5VKNKUKGTVGU   2HGTFNFCTWPVGT4CFFCTÒDGT5VGTP&GNGUVTG¾6CEJG&6 4CPFHGJNGTHCUVXQT\ÒINKEJGU'ZGORNCT 



&KG<WYGKUWPIKUVPKEJVIGUKEJGTV/ÌINKEJGTYGKUGYWTFGFGT5VCVGTXQPFGP%CTPWVGUIGRT·IV

15 Æ

1,5:1

1,5:1

16 Æ

15 Æ

16 Æ



“U  X %JT  I $·TVKIGT +CPWUMQRH.ÌYG URTKPIV N FCTWPVGT -TGKU %CUVGNKP <ÒTKEJ   &GNGUVTG¾6CEJG&65EJGGTU2N:+: )TÒPG2CVKPCUGJTUEJÌP





“U  X %JT  I -QRH N2HGTF URTKPIV N FCTWPVGT .GIGPFG %4+%+48 %CUVGNKP <ÒTKEJ   &GNGUVTG¾6CEJG&65EJGGTU )N·P\GPFGITÒPG2CVKPCUGJTUEJÌP



17 Å



8'0'6+ Ô5VCVGT  ,CJTJWPFGTV X %JT  I 5VKNKUKGTVGT -QRH T FCXQT -TGW\#PFTQMG   RJCNGU 2HGTF T OKV .GPMGT FCTWPVGT OGPUEJNKEJGT 1DGTMÌTRGT OKV CWUIGDTGKVGVGP #TOGP &GNG   UVTG¾6CEJG&6 'VYCUXGTRT·IVUGJTUEJÌP



$'.)+%#

1,5:1

 12

18

1,5:1

#/$+#0+ Õ3WKPCT  ,CJTJWPFGTV X %JT  I 5VKNKUKGTVGT #VJGPCMQRH T OKV *GNO   5VKNKUKGTVGU2HGTFTFCTWPVGT*KRRQECORWURTQVQOGN&GNGUVTG¾6CEJG&6 445GJTUEJÌP




21 Å

20 Å

19 Å



Ô5VCVGT  X %JT  I $WEMGN5VKNKUKGTVGU 2HGTF T FCU )KVVGTOWUVGT KO #DUEJPKVV KUV   UKEJVDCT%CUVGNKP<ÒTKEJ (CUVXQT\ÒINKEJ





Ô5VCVGT  X %JT  I $WEMGN5VKNKUKGTVGU 2HGTF T \YKUEJGP 2WPMVGP WPF *CNDOQPFGP   %CUVGNKP<ÒTKEJ 5GJTUEJÌP





Ô5VCVGT  X %JT  I $WEMGN5VKNKUKGTVGU 2HGTF T \YKUEJGP 2WPMVGP WPF *CNDOQPFGP   %CUVGNKP<ÒTKEJXGTIN 5GJTUEJÌP



23

22



24 Æ

26 Æ

25 Å

Õ3WKPCT  X %JT  I 1TPCOGPVG UVKNKUKGTVG 2HGTFGRTQVQOG T! 5VKNKUKGTVGU 2HGTF T   FCXQT 2WPMV KO -TGKU OKV HÒPH 5VTCJNGP FCTWPVGT *KRRQECORWURTQVQOG T &GNGUVTG¾6CEJG &6    445GJTUEJÌP



Õ3WKPCT  X %JT  I 1TPCOGPVG UVKNKUKGTVG 2HGTFGRTQVQOG T! 5VKNKUKGTVGU 2HGTF T   FCXQT 2WPMV KO -TGKU OKV HÒPH 5VTCJNGP FCTWPVGT *KRRQECORWURTQVQOG T &GNGUVTG¾6CEJG &6    44-NGKPGT4CPFHGJNGTUGJTUEJÌP





“U  X %JT  I 5VKNKUKGTVGT -QRH N2HGTF N FCTÒDGT JQEMGPFGT .GPMGT 5EJGGTU 2N   :8+ )TÒPG2CVKPCUGJTUEJÌP





#64'$#6'5Ô5VCVGTX%JTI$WEMGN1TPCOGPVG&GNGUVTG¾6CEJG&6  5GJTUEJÌP



$'..18#%+“UX%JTI5VKNKUKGTVGT-QRHN*CJPUVGJVTXQTFGP$GKPGPOGPUEJ NKEJGU)GUKEJV&GNGUVT¾G6CEJG&6 )TÒPG2CVKPCHCUVXQT\ÒINKEJ



 

27 Å 28 P

28 P



/14+0+Ô5VCVGTX%JTI$WEMGN1TPCOGPVG&GNGUVTG¾6CEJG&6  5GJTUEJÌP





4'/+ 2QVKP  ,CJTJWPFGTV X %JT  I /CPP T OKV 6QTSWGU WPF .CP\G(CDGNVKGT T &GNG   UVT¾G6CEJG&6 5GNVGPKPFKGUGT'TJCNVWPI)WVGUUGJTUEJÌP



29 Å

31 B

30 Å



Ô5VCVGT  X %JT  I 5VKNKUKGTVGU #WIG T2HGTF N FCTÒDGT 8 FCTWPVGT -TGKU KO   2GTNMTGKUFCXQTWPFFCJKPVGT5VGTP&GNGUVT¾G6CEJG&6 48QT\ÒINKEJ 



Ô5VCVGT  X %JT  I 5VKNKUKGTVGU #WIG T2HGTF N FCTÒDGT 8 FCTWPVGT -TGKU KO   2GTNMTGKUFCXQTWPFFCJKPVGT5VGTP&GNGUVT¾G6CEJG&6 4(CUVXQT\ÒINKEJ 



$ 5VCVGT  ,CJTJWPFGTV X %JT  I &TGK $ÌIGP KP 2WPMVGP GPFGPF WPVGP *CNDOQPF   2HGTFNFCTWPVGT5VGTP&GNGUVT¾G6CEJG&6 5GJTUEJÌP

 13


32 Å

33 Æ



8'.+1%#55'5 Ô 5VCVGT  X %JT  I 5VKNKUKGTVGU )GUKEJV T5VKNKUKGTVGU 2HGTF   FCTÒDGTWPFFCTWPVGT5VGTP&GNGUVT¾G6CEJG&6.C6QWT5EJGGTU2N8+ 5GJTUEJÌP





“U  X %JT  I /CPP N·WHV OKV CWUIGDTGKVGVGP #TOGP N -QRHTÒDGTFGP#TOGPLGGKP 4KPI OKV <GPVTCNRWPMV WPVGT FGP #TOGP LG GKP JGT\HÌTOKIGU $NCVV2HGTF N·WHV T &GNGUVT¾G6CEJG   &6 )TÒPG2CVKPCUGJTUEJÌP



)'4/#0+#

34 Å

35 Å 1,5:1



8+0&'.+-'4 Ô5VCVGT 4GIGPDQIGPUEJÒUUGNEJGP   ,CJTJWPFGTV X %JT  I 6TKUMGNKU KP   $N·VVGTMTCP\&TGK&QRRGNTKPIGWPFHÒPH2WPMVTKPIGKP<KEM\CEMGKPHCUUWPI-GNNPGTXGTIN6[R+:$  5GJTUEJÌP 



Ô5VCVGT 4GIGPDQIGPUEJÒUUGNEJGP   ,CJTJWPFGTV X %JT  I 8QIGNMQRH N \YKUEJGP \YGK   -WIGNPFCXQT&TGKXKGTVGNMTCP\6QTSWGUOKV-WIGNP-GNNPGT6[R++%  2T·IGUEJY·EJGMN5EJTÌVNKPIUHGJNGTUGJTUEJÌP



*'.8'6+#

36 Å



#010;/ Ô 5VCVGT  ,CJTJWPFGTV X %JT  I -QRH T OKV .QTDGGTMTCP\$KIC T %CUVG   NKP<ÒTKEJXGTINHH 2T·IGUEJY·EJGHCUVUGJTUEJÌP



$1*'/+#

38 Å

39 Å

37 Å 1,5:1



37 Å

#010;/ Ô5VCVGT WO  X %JT  I #ZV OKV -TGW\4QNNVKGT &TCEJG  %CUVGNKP )QNF   RT·IWPI6H2CWNUGP 445GJTUEJÌP  2KPM W C YQNNVGP FGP &TCEJGP OKV FGO UM[VJKUEJGP 6KGTUVKN KP 8GTDKPFWPI DTKPIGP $ÌJOGP NCI CDGT PKEJV KO   'KPHNW­IGDKGV FGT 5M[VJGP FKGUGU TGKEJVG JÌEJUVGPU DKU 7PICTP WPF \WT 5ÒFUNQYCMGK #PFGTG XGTYKGUGP YGIGP   FGT#ZVCWHFGPICNNKUEJGP5VCOOFGT6GEVQUCIGPFKGUUEJGKPVCDGTPQEJWPYCJTUEJGKPNKEJGT



$1+'4 Ô 5VCVGT  ,CJTJWPFGTV X %JT  I $WEMGN<YGK N·PINKEJG )GDKNFG XQP   <KEM\CEMNKPKGWOIGDGP%CUVGNKP<ÒTKEJHH2CWNUGP 8QT\ÒINKEJ



'ZGORNCTFGT#WMVKQP5VGTPDGTI<ÒTKEJ0T

 14

Ô 5VCVGT  ,CJTJWPFGTV X %JT  I $WEMGN<YGK N·PINKEJG )GDKNFG XQP <KEM\CEMNKPKG   WOIGDGP%CUVGNKP<ÒTKEJHH2CWNUGP (CUVXQT\ÒINKEJ




014+%7/

40 1,5:1



1,5:1

#010;/ Õ6GVTCFTCEJOG 6[R -WIGNTGKVGT  ,CJTJWPFGTV X %JT  I -QRH N OKV .QT   DGGTMTCP\4GKVGTN-QUVKCN UVGORGNINGKEJ   -NGKPGT5VGORGNDTWEJCWHFGT4ÒEMUGKVGFGPPQEJCVVTCMVKXGUXQT\ÒINKEJGU'ZGORNCT



41



%121 ! Õ6GVTCFTCEJOG  I -QRH T OKV VQTSWGUHÌTOKIGO 1JT4GKVGT N )ÌDN 0QTKEWO   6HHH-QUVKCN 5GJTUEJÌP



2#0010+#

42



Õ6GVTCFTCEJOG  ,CJTJWPFGTV X %JT  I <GWUMQRH T OKV .QTDGGTMTCP\4GKVGT N )ÌDN   1UVMGNVGP-QUVKCN 5GJTUEJÌP

43



44

1,5:1



Õ6GVTCFTCEJOG 6[R 4GKVGTUVWORH-TQKUDCEJ 'PFG  ,CJTJWPFGTV X %JT  I -QRH T OKV   FTGKHCEJGO2GTNFKCFGO4GKVGTCWHIGRWPMVGVGT$QFGPNKPKGN)ÌDN1UVMGNVGP-QUVKCNXGTIN 8QT\ÒINKEJGU'ZGORNCT 



Õ6GVTCFTCEJOG  ,CJTJWPFGTV X %JT  I <GWUMQRH T OKV FQRRGNVGO 2GTNMTCP\4GKVGT   T)ÌDN1UVMGNVGP-QUVKCN 5GJTUEJÌP



/1'5+#

45



Õ6GVTCFTCEJOG6[R<YGKICTOWOX%JTI.QEMKIGT<GWUMQRHT4GKVGTNOKVGTJQ DGPGONKPMGP<YGKICTO%CUVGNKP<ÒTKEJ)ÌDN-QUVKCN  4-N2T·IGUEJY·EJGCO4CPFXQT\ÒINKEJ

 15


46 1,5:1



1,5:1

Õ6GVTCFTCEJOG6[R<YGKICTOWOX%JTI.QEMKIGT<GWUMQRHT4GKVGTNOKVGTJQDG PGONKPMGP<YGKICTO%CUVGNKP<ÒTKEJXGTIN)ÌDN-QUVKCNXCT  8QT\ÒINKEJGU2TCEJVGZGORNCTOKVHGKPGT6ÌPWPI

47







48

Õ6GVTCFTCEJOG6[R$CWOTGKVGT,CJTJWPFGTVX%JTI<GWUMQRHTOKV.QTDGGTMTCP\ 4GKVGTNOKV$CWOWPVGP2WPMVWPF-WIGN-QUVKCNXGTIN  -PCRRGTQXCNGT5EJTÌVNKPIUGJTUEJÌP



Õ6GVTCFTCEJOG  ,CJTJWPFGTV X %JT  I <GWUMQRH T OKV .QTDGGTMTCP\4GKVGT N )ÌDN   1UVMGNVGP-QUVKCN (CUVUGJTUEJÌP



&#%+#

49



50 B

51

Õ6GVTCFTCEJOG #NGZCPFTGKGT ,CJTJWPFGTVX%JTI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU #GVQRJQTQU UKV\V N )ÌDN 1UVMGNVGP  -QUVKCN  .WMCPE  XGTIN 2N   HH UV·TMGT DCTDCTKUKGTV    44(CUVXQT\ÒINKEJGU'ZGORNCTOKVJGTTNKEJGT2CVKPC 'ZGORNCTFGT5COONWPI/CTICTGVJC.G[#WMVKQP.CP\/ÒPEJGP0T &CU5VÒEMKOKVKGTVGKPG6GVTCFTCEJOG#NGZCPFGTU+++CWUFGT/ÒP\UV·VVG#ORJKRQNKU 2TKEG 







$6GVTCFTCEJOG  ,CJTJWPFGTV X %JT  I 5VKNKUKGTVGT -QRH T5VKNKUKGTVGT 4GKVGT N %CUVG   NKP<ÒTKEJ-QUVKCN 5GJTUEJÌP





Õ6GVTCFTCEJOG PCEJ VJCUKUEJGO 6[R  ,CJTJWPFGTV X %JT  I &KQP[UQUMQRH T*GTCMNGU   UVGJVNOKV-GWNGWPF.ÌYGPHGNN.WMCPEXGTIN 5GJTUEJÌP



16


6*4#%+#

52



Õ6GVTCFTCEJOG  ,CJTJWPFGTV X %JT 6[NKU !   I $WEMGN<GWU #GVQRJQTQU UKV\V N   %CUVGNKP<ÒTKEJXGTIN-QUVKCN 5GJTUEJÌP



.165  

.QV MGNVKUEJGT /ÒP\GP &CU .QV GPVJ·NV 5KNDGT WPF $TQP\GOÒP\GP W C 2T·IWPIGP FGT 1UVMGNVGP  

6GVTCFTCEJOG 6[R 2JKNKRR +++  FGT $QKGT -NGKPUKNDGT 6[R 4QUGNFQTH ++  WPF FGT PQTFICNNKUEJGP   5V·OOG+PVGTGUUCPVGU1DLGMV 5VÒEM5GJTUEJÌP



+PVGTGUUCPVGU .QV MGNVKUEJGT /ÒP\GP &WTQVTKIGU Õ5VCVGT XCP #TUFGNN  #WNGTEK 'DWTQXKEGU   Ô5VCVGT,CJTJWPFGTVX%JT 5VÒEM  5VÒEM5GJTUEJÌP



)4+'%*+5%*'/ª0<'0 *+52#0+#

56 Æ

55 Æ

57 Æ



$#4-+&'0“UX%JTI6CPKVMQRHNOKVJTGPMTCP\2HGTFGMQRHT50)%QR $TCWPITÒPG2CVKPCUGJTUEJÌP





“UX%JT-CTVJCIQPQXC %CTVCIGPC I6CPKVMQRHN*GNOOKV*GNO\KGTN$WTIQU 5GJTUEJÌP





#4'+%14#6#5 “#U  X %JT  I /·PPGTMQRH T FCXQT WPF FCJKPVGT LG GKP &GNRJKP   4GKVGTTOKV.CP\G$WTIQU 1NKXITÒPG2CVKPCIWVGUUGJTUEJÌP



58 Æ

59

1,5:1



#45'5#)7067/“3WCFTCPUX%JTI/WUEJGN&GNRJKPT$WTIQU  )TÒPG2CVKPCUGJTUEJÌP





$#45%70'5Õ&GPCTX%JTI/·PPGTMQRHT4GKVGTTOKV5EJYGTV$WTIQU (GKPG2CVKPCUGJTUEJÌPpXQT\ÒINKEJ



60 Æ 61 Æ

61 Æ



$'.+)+1/“6TKGPUX%JTI-QRHTOKV&KCFGO2HGTFURTKPIVT$WTIQU  )TÒPG2CVKPCUGJTUEJÌP





$+.$+.+5“#UX%JTI,ÒPINKPIUMQRHTOKV2GTNGPMGVVG4GKVGTTOKV.CP\G$WT IQU $TCWPG2CVKPCHCUVUGJTUEJÌP

 17


62

63 Æ



$1.5-#0Õ&GPCTX%JTI/·PPGTMQRHT4GKVGTTOKV.CP\G$WTIQU  #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC





“#U  X %JT  I /·PPGTMQRH T FCJKPVGT &GNRJKP4GKVGT T OKV .CP\G QDGP 5VGTP   $WTIQU )TÒPG2CVKPCUGJTUEJÌP



64 Æ

65 Æ



$745#7 “#U  X %JT  I /·PPGTMQRH T FCXQT &GNRJKP4GKVGT T OKV .CP\G   $WTIQU )TÒPDTCWPG2CVKPCHCUVUGJTUEJÌP





%'.5' “#U  X %JT  I /·PPGTMQRH T XQP FTGK &GNRJKPGP WOIGDGP4GKVGT T OKV   2CNOG$WTIQU 1NKXITÒPG2CVKPC4CPFHGJNGTUGJTUEJÌP



67 Æ

66 Æ

69 Æ

68 Æ



“5GOKUX%JTI/·PPGTMQRHTXQPFTGK&GNRJKPGPWOIGDGP2HGTFURTKPIVTFCTÒ DGT*CNDOQPF$WTIQU 1NKXITÒPG2CVKPCUGJTUEJÌP





“5GOKUX%JTI&TCRKGTVG$ÒUVGTFCJKPVGT&GNRJKP2HGTFURTKPIVTFCTÒDGT5VGTP $WTIQU )N·P\GPFGITÒPG2CVKPCUGJTUEJÌP





%106'4$+#%#4$+%# “#U  X %JT  I /·PPGTMQRH T FCXQT &GNRJKP4GKVGT T   OKV.CP\G$WTIQU $TCWPITÒPG2CVKPCUGJTUEJÌP





“#UX%JTI/·PPGTMQRHTFCXQT&GNRJKP4GKVGTTOKV.CP\G$WTIQU  $TCWPITÒPG2CVKPCUGJTUEJÌP



70 Æ

71 Æ

70 Æ



&#/#0+7 “#U  X %JT  I /·PPGTMQRH T FCXQT \YGK &GNRJKPG4GKVGT T OKV   .CP\G$WTIQU 1NKXITÒPG2CVKPCUGJTUEJÌP





'$7575 +DK\C  “U  ,CJTJWPFGTV X %JT  I 5VKGT N$GU X X OKV -GWNG WPF 5EJNCPIG   50)%QR )TÒPG2CVKPCUGJTUEJÌP



'DWUWU FCU JGWVKIG +DK\C JCV UGKPGP 0COGP 'DWUWU  +PUGN FGU $GU  XQP MCTVJCIKUEJGP -QNQPKUVGP GTJCNVGP FKG   FGP-WNVFGUWTURTÒPINKEJ·I[RVKUEJGP)QVVGU$GUGKPIGHÒJTVJCVVGP

18


73 Æ

72 Æ



'51 “#U  X %JT  I &TCRKGTVGT /·PPGTMQRH T FCXQT \YGK &GNRJKPG4GKVGT TOKV 2CNO\YGKI$WTIQU &WPMGNITÒPG2CVKPCUGJTUEJÌP





+%'5#0%1/ “#U  X %JT  I /·PPGTMQRH T FCXQT &GNRJKP4GKVGT T OKV   .CP\G$WTIQU )TÒPG2CVKPCHCUVXQT\ÒINKEJ



75 Æ

74 Æ



+.5'“&WRQPFKWU,CJTJWPFGTVX%JTI(KUEJNJTGT*CNDOQPF$WTIQU  1NKXITÒPG2CVKPCUGJTUEJÌP



+.6+46#“#UX%JTI/·PPGTMQRHTXQPFTGK&GNRJKPGPWOIGDGP4GKVGTTOKV 2CNO\YGKI$WTIQU )TÒPG2CVKPCUGJTUEJÌP

76 Æ

 

77 Æ



-'5'“6TKGPUX%JTI/·PPGTMQRHTFCJKPVGTXKGT9GTVMWIGNP2HGTFTFCTÒDGT XKGT9GTVMWIGNP$WTIQU )TÒPG2CVKPCUGJTUEJÌP





/#.#-# “5GOKU  X %JT  I 8WNMCPMQRH T FCJKPVGT <CPIG#EJVUVTCJNKIGT 5VGTP   $WTIQU 4)TÒPG2CVKPCIWVGUUGJTUEJÌP



78 Æ

79 Æ

80 Æ

81



1$7.%1“5GOKUX%JTI#FNGTUVGJVT5VKGTUVGJVT$WTIQU  &WPMNG2CVKPCUGJTUEJÌP





5#.&7+' “#U  X %JT  I /·PPGTMQRH T XQP FTGK &GNRJKPGP WOIGDGP4GKVGT T   OKV2CNO\YGKI$WTIQU 1NKXITÒPG2CVKPCHCUVUGJTUEJÌP





5'%#+5# “#U  X %JT  I /·PPGTMQRH T FCJKPVGT .ÌYG4GKVGT T FCJKPVGT   #FNGT$WTIQU $TCWPG2CVKPCUGJTUEJÌP





674+#57Õ&GPCTX%JTI/·PPGTMQRHT4GKVGTTOKV.CP\G$WTIQU  5GJTUEJÌP

 19


)#..+#

82

82

1,5:1

83

1,5:1

83

84

85

84

1,5:1



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86



88

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'ZGORNCTFGT5COONWPI$CTTQP#WMVKQP*KTUEJ/ÒPEJGP0T



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89 Æ



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90

91



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20




1,5:1 92 Æ

93

94

95

1,5:1





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'ZGORNCTFGT#WMVKQP&T$WUUQ2GWU0CEJH(TCPMHWTV0T



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#27.+#

96 Æ



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99

98

97 Æ



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 21


101

100



102

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103



104 Å

1,5:1

1,5:1

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106 105



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107 Å 1,5:1

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1,5:1



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108



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109 Æ

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110 1,5:1

1,5:1



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111



111 1,5:1



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112



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114

113

1,5:1

113



115



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 23


117 Å

116

118



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119





120



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DAIKUVOÌINKEJGTYGKUGFKG5KIPCVWTFGU5VGORGNUEJPGKFGTU

1,5:1



121

1,5:1

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122

123



124



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125

126

127



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Õ&KFTCEJOG  X %JT  I 2QUGKFQP IGJV T OKV &TGK\CEM5VKGT N 4WVVGT *KUVQTKC   0WOQTWO50)#05XGTINHH50)/ÒPEJGP  ªDGTFWTEJUEJPKVVNKEJGTJCNVGPGUCVVTCMVKXGUIWVIGRT·IVGUUGJTUEJÌPGU'ZGORNCT 

24


128

129

129



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130











131

132



134

133

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Õ&KFTCEJOG  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO 5E[NNC OKV &TGK\CEM CNU   *GNO\KGT5VKGT UVÌ­V T KO #DUEJPKVV (KUEJ 4WVVGT *KUVQTKC 0WOQTWO  50) #05    50)/ÒPEJGP (CUVXQT\ÒINKEJGU'ZGORNCT



Õ&KFTCEJOG  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO UVGKPUEJNGWFGTPFG 5E[NNC   CNU *GNO\KGT5VKGT UVÌ­V T QDGP /QPFUKEJGN KO #DUEJPKVV .ÌYGPMQRH T 4WVVGT *KUVQTKC 0W   OQTWOXCT50)#0550)/ÒPEJGP 5GNVGPG8CTKCPVG5GJTUEJÌPpXQT\ÒINKEJ



Õ&KFTCEJOG  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO UVGKPUEJNGWFGTPFG 5E[NNC   CNU *GNO\KGT5VKGT UVÌ­V T KO #DUEJPKVV (CEMGN 4WVVGT *KUVQTKC 0WOQTWO  50) #05    50)/ÒPEJGP )WVGUUGJTUEJÌP



8'.+# *;'.'  Õ&KFTCEJOG  X %JT  I #VJGPCMQRH N OKV CVVKUEJGO *GNO   .QTDGGTCNU*GNO\KGT.ÌYGTUEJN·IV*KTUEJT4WVVGT*KUVQTKC0WOQTWO9KNNKCOU  5GJTUEJÌP



$4766+7/

135





1,5:1

136

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25


138 Æ





137

138 Æ

$4'66++ Õ&TCEJOG  X %JT  I &TCRKGTVG $ÒUVG FGT 0KMG T OKV &KCFGO FCJKPVGT   *CTRC(NW­IQVV UVGJV X X OKV <GRVGT UKEJ UGNDUV DGMT·P\GPF T 6J[OKCVGTKQP 4WVVGT *KUVQTKC   0WOQTWO5EJGW5 8QT\ÒINKEJUGJTUEJÌP



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139 Æ

141 Æ

140



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143

142

142 1,5:1



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26

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145

144

146



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147

148

147

1,5:1

149



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150

151

1,5:1

151



Õ&TCEJOG  X %JT  I &TGKHW­ N 4GKJGT&TGKHW­ KPEWU 4WVVGT *KUVQTKC 0WOQTWO   50)#0550)/ÒPEJGP 4-PCRRGT5EJTÌVNKPIUGJTUEJÌP





Õ1DQN  X %JT  I &TGKHW­+PEWU #FNGT HNKGIV T 4WVVGT *KUVQTKC 0WOQTWO    50)#0550)/ÒPEJGP 45VGORGNDTWEJCWHFGO4GXGTUUGJTUEJÌP



152

153

154



Õ&KFTCEJOG  X %JT  I #FNGT UVGJV N CWH -CRKVGNN&TGKHW­ N )GTUVGPMQTP 4WVVGT   *KUVQTKC0WOQTWOXCT50)#0550)/ÒPEJGP 5GJTUEJÌPGU'ZGORNCT





Õ5VCVGT  X %JT  I #FNGT UVGJV N OKV IGÌHHPGVGP (NÒIGNP CWH .QTDGGT\YGKI&TGKHW­   FCPGDGPD4WVVGT*KUVQTKC0WOQTWO50)#05HH50)/ÒPEJGPHH 5GJTUEJÌP





Õ5VCVGT  X %JT  I #FNGT UVGJV N OKV IGÌHHPGVGP (NÒIGNP CWH .QTDGGT\YGKI&TGKHW­   FCPGDGPD4WVVGT*KUVQTKC0WOQTWO50)#05XGTINHH50)/ÒPEJGPXGTINHH (CUVUGJTUEJÌP

 27


155 Æ

156



“UX%JTI*GTCMNGUMQRHKO.ÌYGPHGNNT#FNGTTKPFGP(·PIGP5EJNCPIG4WVVGT *KUVQTKC0WOQTWO50)#05XGTINHH50)/ÒPEJGP *GNNITÒPG2CVKPCUGJTUEJÌP





Õ5VCVGT'PFGFGU,CJTJWPFGTVUX%JTI#RQNNQMQRHTOKV.QTDGGTMTCP\&TGKHW­4WVVGT *KUVQTKC0WOQTWO50)#05 UVGORGNINGKEJ 50)/ÒPEJGP 5GJTUEJÌPGU'ZGORNCT



158 Æ

157

1,5:1

1,5:1



1,5:1

1,5:1

Õ6TKQDQN  X %JT  I #VJGPCMQRH T OKV MQTKPVJKUEJGO *GNOOIKISTAS *GTCMNGU   UVGJVTCWH-GWNGIGUVÒV\V4WVVGT*KUVQTKC0WOQTWO50)#0550)/ÒPEJGP  4#VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



&KGUGU 5VÒEM HGKGTV *GTCMNGU CNU FGP 1KMKUVGU FGP -QNQPKGITÒPFGT XQP -TQVQP *KGTOKV XGTNGIV -TQVQP UGKPG   )TÒPFWPI KP FKG O[VJKUEJG <GKV *GTCMNGU UQNN PCEJ FKGUGT )TÒPFWPIUUCIG FGP KVCNKUEJGP *GNFGP -TQVQP FGP   5QJPFGU2JCKCZWPF$TWFGTFGU2J·CMGPMÌPKIU#NMKPQQUIGVÌVGVWPF\WT5ÒJPG-TQVQPIGITÒPFGVJCDGP  0CEJ GKPGT CPFGTGP ªDGTNKGHGTWPI UQNN *GTCMNGU NGFKINKEJ FGT CP FGT 5VGNNG FGU )TCDGU FGU -TQVQP \W ITÒPFGPFGP   5VCFV GKPG ITQ­G <WMWPHV XQTJGTIGUCIV JCDGP FKGUG CDGT UQNNXQP/[UMGNNQUCWUFGOCEJ·KUEJGP4J[RCKIGITÒPFGV YQTFGP UGKP &KGUG ªDGTNKGHGTWPI HKPFGV UKEJ UEJQP DGK #PVKQEJQU XQP 5[TCMWU WPF J·NV UKEJ DKU KP FKG 5R·VCPVKMG   UQ UCIV 2[VJCIQTCU DGK +CODNKEJQU 8KV 2[VJ +:   \WO 4CV XQP -TQVQP 'WTG 5VCFV KUV FGT 5CIG PCEJ   IGITÒPFGV CNU FGO *GTCMNGU FC GT FKG 4KPFGT FWTEJ +VCNKGP VTKGD XQP .CMKPKQU 7PTGEJV IGUEJGJGP YCT *GTCMNGU   CDGT JCVVG -TQVQP FGT KJO DGKUVCPF DGK 0CEJV WPYKUUGPVNKEJ IGVÌVGV CNU Y·TG GT GKP (GKPF WPF FCPCEJ   XGTJGK­GP TKPIU WO FGUUGP )TCD YGTFG GKPG PCEJ -TQVQP DGPCPPVG 5VCFV IGITÒPFGV YGTFGP YGPP GT  *GTCMNGU    UGNDUVFGT7PUVGTDNKEJMGKVVGKNJCHVKIIGYQTFGPUGK



“UX%JTI/WUEJGN1EVQRWU4WVVGT*KUVQTKC0WOQTWO50)#0550) /ÒPEJGP 4&WPMGNITÒPG2CVKPCUGJTUEJÌP

161

159



160 Æ



Õ&KFTCEJOG  X %JT  I #FNGT UVGJV T CWH $NKV\ T -TCP\&TGKHW­ XQP 0KMG DG   MT·P\V4WVVGT*KUVQTKC0WOQTWO50)#0550)/ÒPEJGP 45GJTUEJÌP





07%'4+# “U  X %JT  I #RQNNQMQRH T OKV .QTDGGTMTCP\2HGTF UVGJV N FCTWPVGT   2GPVCITCOO4WVVGT*KUVQTKC0WOQTWO50)#05XGTINHH $TCWPG2CVKPCUGJTUEJÌP





4*')+10 Õ&TCEJOG  X %JT  I .ÌYGPMQRH X X+QMCUVGU UKV\V N OKV 5VCD   *GT\HGNFGT4WVVGT*KUVQTKC0WOQTWO 5VGORGNTKUUUGJTUEJÌP



+QMCUVGUKUVFGTO[VJKUEJG5VCFVITÒPFGTXQP4JGIKQP

163 Æ

162 Æ

164 Æ



“UX%JTI.ÌYGPOCUMGXX#RQNNQMQRHT4WVVGT*KUVQTKC0WOQTWO  )TÒPG2CVKPCUGJTUEJÌP





“UX%JTI#RQNNQMQRHNFCJKPVGT2NGMVTQP&TGKHW­4WVVGT*KUVQTKC0WOQTWO &WPMGNITÒPG2CVKPCXQT\ÒINKEJ





“UX%JTI#RQNNQMQRHNFCJKPVGT&GNRJKP&TGKHW­4WVVGT*KUVQTKC0WOQTWO 1NKXITÒPG2CVKPCIWVGUUGJTUEJÌP



28


165

166

166 1,5:1





6'4+0#Õ5VCVGTX%JTI(TCWGPMQRHTOKV#OR[ZKO1NKXGPMTCP\0KMGUKV\VT OKV-GT[MGKQP*QNNQYC[,GPMKPU4WVVGT*KUVQTKC0WOQTWO  -TCV\GTCWHFGT4ÒEMUGKVGUGJTUEJÌP



Õ5VCVGTX%JTI9GKDNKEJGT-QRHT0KMGUKV\VNOKV8QIGN*QNNQYC[,GPMKPU 4WVVGT*KUVQTKC0WOQTWO #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVJGTTNKEJGT2CVKPC 

5+%+.+#

167 Æ

167 Æ 1,5:1



168 Æ

168 Æ 1,5:1

70$'56+//6'/ª0<5666'“U,CJTJWPFGTVX%JTI*GNO-TCP\FCTWPVGT# 9QJNWPGFKGTV445EJYCT\G2CVKPCUGJTUEJÌP



&KG<WYGKUWPIGTHQNIVXGTUWEJUYGKUGWPFKUVXÌNNKIWPIGUKEJGTV



“U,CJTJWPFGTVP%JT ! I'TQUTGKVGVTCWH*CJP*GTCMNGUTKO-CORHOKVFGTMGTP[ PKVKUEJGP*KPFKP 9QJNWPGFKGTV8QPITQ­GT5GNVGPJGKV)TÒPG2CVKPCUGJTUEJÌP



&KG<WYGKUWPIPCEJ5K\KNKGPKUVPKEJVIGUKEJGTV  &KG *KTUEJMWJ XQP -GT[PGKC JCVVG GKP IQNFGPGU )GYGKJ WPF GJGTPG .·WHG &KG  #WHICDG FGU *GTCMNGU DGUVCPF   FCTKP FKG *KPFKP PCEJ /[MGPG \W DTKPIGP 'U FCWGTVG GKP ,CJT DKU *GTCMNGU UGKPG #WHICDG GTHÒNNVG FC UKG   CW­GTQTFGPVNKEJUEJYGTYCT

169 Æ

170 Æ

171

172

173



#);4+10 “U  X %JT  I ,WIGPFNKEJGT *GTCMNGUMQRH T#PFTQMGRJCNG 5VKGTRTQ   VQOGT%CNEKCVK50)#05#RRGPFKZ50)/ÒPEJGP 4)TÒPG2CVKPCUGJTUEJÌP





#+60#+ “U  X %JT  I #VJGPCMQRH T OKV MQTKPVJKUEJGO *GNO2HGTF URTKPIV T   FCTÒDGT/%CNEKCVK50)#05#RRGPFKZ50)/ÒPEJGP &WPMNG2CVKPCUGJTUEJÌP





#-4#)#5 Õ&KFTCEJOG  X %JT  I #FNGT UVGJV N-TGDU 50) #05  50)   /ÒPEJGP 5GJTUEJÌP



#MTCICU YCT GKPG FQTKUEJG )TÒPFWPI 8QP $GIKPP CP RT·IVG FKG 5VCFV  YKG FKG OGKUVGP ITKGEJKUEJGP 5V·FVG   5K\KNKGPU  KO GWDÌKUEJCVVKUEJGP (W­ &GT #FNGT KUV FGT JGKNKIG 8QIGN FGU <GWU FGT -TGDU U[ODQNKUKGTV FGP   PCOGPIGDGPFGP(NW­IQVV#MTCICU



Õ&KFTCEJOGX%JTI#FNGTUVGJVN-TGDU50)#05HH50)/ÒPEJGPHH 8QT\ÒINKEJ





Õ&KFTCEJOGX%JTI#FNGTUVGJVN-TGDU50)#0550)/ÒPEJGP  -TCV\GTCWH8QTFGTUGKVGUGJTUEJÌP

 29


176

174

175



Õ&KFTCEJOGX%JTI#FNGTUVGJVT-TGDU50)#0550)/ÒPEJGP  5GJTUEJÌPXQT\ÒINKEJ





Õ&KFTCEJOG  X %JT  I #FNGT UVGJV T-TGDU WPVGP )GTUVGPMQTP 50) #05    50)/ÒPEJGP 5GJTUEJÌPpXQT\ÒINKEJ





Õ6GVTCFTCEJOG  X %JT  I #FNGT UVGJV N-TGDU 50) #05  UVGORGNINGKEJ    50)/ÒPEJGPXGTIN 4CPFCDURNKVVGTWPIGPUGJTUEJÌP



177 178

178



Õ.KVTC  X %JT  I #FNGT UVGJV N CWH KQPKUEJGO -CRKVGNN-TGDU 50) #05    50)/ÒPEJGP 5GJTUEJÌP



“6TKCUWOX%JTI#FNGT-TGDU%CNEKCVK50)#0550)/ÒPEJGP  &WPMNG2CVKPCUGJTUEJÌP

 

179

1,5:1



1,5:1

Õ*GOKFTCEJOG  X %JT  I #FNGT T CWH *CUGP-TGDU FCTWPVGT 2KUVTKZ N 50)   #0550)/ÒPEJGP 45GJTUEJÌP

180 Æ



181 Æ



“6GVTCU  X %JT  I #FNGT T CWH *CUGP-TGDU WPVGP (NW­MTGDU %CNEKCVK  50)   #0550)/ÒPEJGP &WPMGNITÒPG2CVKPCUGJTUEJÌP





“*GOKNKVTCX%JTI#FNGTTCWH*CUGP-TGDUQDGP9GKPDNCVVWPVGP(NW­MTGDU %CNEKCVK50)#0550)/ÒPEJGPHH )TÒPG2CVKPCUGJTUEJÌP



30




182

1,5:1

182

Õ6GVTCFTCEJOGX%JTI3WCFTKICT0KMGDGMT·P\V.GPMGTKO#DUEJPKVVMQRHUVGJGPFG -TCDDG<YGK#FNGTTCWH*CUGP(TCPMG*KTOGT6H UVGORGNINGKEJ 4K\\Q6CX++5GNV OCP6JG'PITCXGTUQHVJG#MTCICPVKPG&GECFTCEJOUKP0%0T50)#0550)/ÒPEJGP 8QPITQ­GT5GNVGPJGKV#VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT  #D EC  X %JT DGICPP #MTCICU OKV FGT #WURT·IWPI XQP &GMCFTCEJOGP  YQJN KO <WUCOOGPJCPI OKV FGP   -TKGIUXQTDGTGKVWPIGP IGIGP -CTVJCIQ WPF PKEJV YKG CWEJ XGTOWVGV YWTFG \WT (GKGT FGU 5KGIGU FGU 'ZCKPGVQU DGK   FGP QN[ORKUEJGP 5RKGNGP FGU ,CJTGU  X %JT &KG )TCXGWTG FGT &GMCFTCEJOGP UEJPKVVGP CWEJ 5VGORGN HÒT   6GVTCFTCEJOGP YKG WPUGT 5VÒEM &CU /QVKX FGT 8QTFGTUGKVG YWTFG FGP 2T·IWPIGP XQP 5[TCMWU FCU FGT 4ÒEMUGKVG   FGO #ICOGOPQP FGU #KUEJ[NQU GPVPQOOGP &CU 5VÒEM KUV WPUKIPKGTV FGT 4GXGTUUVGORGN UVCOOV LGFQEJ XQP   GKPGO-ÒPUVNGTFGTXQPX%JTHÒTFKG/ÒP\UV·VVGV·VKIYCTWPFX%JTGTPGWVGPICIKGTVYWTFG

183 Æ



184

1,5:1

2JKPVKCU  X %JT “U  X %JT  I <GWUMQRH N OKV .QTDGGTMTCP\#FNGT CWH   *CUGPN%CNEKCVK50)#05XGTINHH50)/ÒPEJGPXGTINHH  5EJYCT\G2CVKPCUGJTUEJÌP



2JKPVKCU MQPPVG PCEJ FGO 6QF FGU #ICVJQMNGU XQP 5[TCMWU FKG /CEJV KP #ITKIGPV ÒDGTPGJOGP WPF FKG 5VCFV XQP   FGTU[TCMWUCPKUEJGP&QOKPCP\DGHTGKGP



5VCFVÕ*CNDUEJGMGNX%JTI<GWUMQRHTOKV.QTDGGTMTCP\#FNGTUVGJVTT/QPQ ITCOOHÒTGD$WTPGVV'PPC*QCTF2N50)#0550)/ÒPEJGP  -N5EJTÌVNKPIUTK­XQT\ÒINKEJGU'ZGORNCTOKVHGKPGT6ÌPWPI



&GT 6[R YWTFG Y·JTGPF FGT MCTVJCIKUEJGP $GUCV\WPI FGT 5VCFV KO <YGKVGP 2WPKUEJGP -TKGI IGRT·IV 5GKV    NKG­GPFKGTÌOKUEJGP5KGIGTFCPPFGPUGNDGP-ÒPUVNGT5VGORGNHÒT&GPCTGUEJPGKFGP XGTIN$WTPGVV'PPC*QCTF5 

1,5:1



185

1,5:1

)'.# Õ&KFTCEJOG  X %JT  I 4GKVGT T OKV .CP\G#PFTQMGRJCNG 5VKGTRTQVQOG T   ,GPMKPU 4ÒEMUGKVGNGKEJVFG\GPVTKGTVHCUVXQT\ÒINKEJ



)GNC JCVVG UGKPGP 0COGP XQO (NW­IQVV )GNCU YKG CWEJ 8GTIKN KP FGT #GPGKU +++   GTY·JPV KOOCPKUSWG   )GNC HNWXKK EQIPQOKPG FKEVC &KGUGT (NW­IQVV YKTF CWH FGP /ÒP\GP CNU OGPUEJGMÌRHKIGT 5VKGT FCTIGUVGNNV 2KPFCT  

2[VJ+ GTY·JPVGKPG5VCVWGFGU(NW­IQVVGUCNU5VKGT

186

187



Õ&KFTCEJOGX%JTI4GKVGTTOKV.CP\G#PFTQMGRJCNG5VKGTRTQVQOGT,GPMKPU 5GJTUEJÌP





Õ&KFTCEJOGX%JTI4GKVGTTOKV.CP\G#PFTQMGRJCNG5VKGTRTQVQOGT,GPMKPU 'VYCUHNGEMKIUGJTUEJÌP

 31


190

188

1,5:1

190

189



Õ&KFTCEJOGX%JTI4GKVGTTOKV.CP\G#PFTQMGRJCNG5VKGTRTQVQOGT,GPMKPU )WVGUUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG#PFTQMGRJCNG 5VKGT   RTQVQOGT,GPMKPU -TCV\GTCWHFGT4ÒEMUGKVGUGJTUEJÌP





Õ.KVTC  X %JT  I #PFTQMGRJCNG 5VKGTRTQVQOG T8KGTURGKEJKIGU 4CF ,GPMKPU $    5GJTUEJÌP



192

191



Õ6GVTCFTCEJOGX%JTI3WCFTKICTFCJKPVGTKQPKUEJG5·WNGKO#DUEJPKVVJTG #PFTQMGRJCNG5VKGTRTQVQOGT,GPMKPU 4ÒEMUGKVGNGKEJVFG\GPVTKGTVUGJTUEJÌP





Õ6GVTCFTCEJOGX%JTI3WCFTKICTFCJKPVGTKQPKUEJG5·WNG#PFTQMGRJCNG5VKGT RTQVQOGT,GPMKPU (CUVUGJTUEJÌP



193

1,5:1

194

1,5:1



Õ.KVTCX%JTI2HGTFTFCTÒDGT-TCP\#PFTQMGRJCNG5VKGTRTQVQOGT,GPMKPU XGTIN .GKEJVIGYGNNVUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG#PFTQMGRJCNG 5VKGT   RTQVQOGT,GPMKPU (CUVUGJTUEJÌP



196

195



Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG#PFTQMGRJCNG 5VKGT   RTQVQOGT,GPMKPU $TGKVGT(NCPUGJTUEJÌPXQT\ÒINKEJ 



Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T FCTÒDGT -TCP\#PFTQMGRJCNG 5VKGTRTQVQ   OGTWPVGP8QIGN,GPMKPU 5GJTUEJÌP

198 Æ

197

198 Æ



Õ.KVTC  X %JT  I 4GKVGT N OKV 5EJKNF#PFTQMGRJCNG 5VKGTRTQVQOG T ,GPMKPU XGTIN    4UUVGORGNINGKEJ  -N-TCV\GTCWHFGO#XGTUUGJTUEJÌP



“6TKCUX%JTI5VKGTUVGJVN-QRHGKPGULWIGPFNKEJGP(NW­IQVVGUT,GPMKPU  )TÒPG2CVKPCIWVGUUGJTUEJÌP

32



 


199 Æ 201 200

200 1,5:1



“1PMKCX%JTI5VKGTUVGJVN-QRHGKPGULWIGPFNKEJGP(NW­IQVVGUT,GPMKPU  5EJYCT\G2CVKPCUGJTUEJÌP



*+/'4# Õ&TCEJOG  X %JT  I *CJP UVGJV N9KPFOÒJNGPHNÒIGNCTVKIGU +PEWUWO   -TCC[ )WVGUUGJTUEJÌP

 

&GT 0COG FGT EJCNMKFKUEJFQTKUEJGP /KUEJQNQPKG *KOGTCNGKVGVUKEJXQOXQO(NW­IQVV*KOGTCUJGT&KGUGPPKEJV ITKGEJKUEJGP 0COGP DTCEJVGP FKG )TKGEJGP OKV KJTGO hmhra 6CI  \WUCOOGP FCJGT GTUEJGKPV CWH WPUGTGT KO   UEJYGTGPCGIKPGVKUEJGP5VCPFCTFIGRT·IVGP&TCEJOGFGT*CJPFGT6CIGUXGTMÒPFGT



Õ&TCEJOGX%JTI*CJPUVGJVN9KPFOÒJNGPHNÒIGNCTVKIGU+PEWUWO-TCC[)TWRRG+8 5GJTUEJÌP

204

203 202



1,5:1

1,5:1

1,5:1

1,5:1



Õ&TCEJOGX%JTI*CJPUVGJVN9KPFOÒJNGPHNÒIGNCTVKIGU+PEWUWO-TCC[  5GJTUEJÌP





Õ1DQN  X %JT  I $·TVKIGT /·PPGTMQRH T OKV *GNO*GNO N 50) #05  50)   .NQ[F50)/ÒPEJGP 45GJTUEJÌPpXQT\ÒINKEJ





Õ*GOKQDQN  X %JT  I $·TVKIGT -QRH T-QTKPVJKUEJGT *GNO T 50) #05  50)   /ÒPEJGP 45GJTUEJÌP



205 Æ



207 Æ

206 Æ

“6GVTCU WO  X %JT  I 0CEMVGT 4GKVGT CWH <KGIG N OKV -GT[MGKQP WPF /WUEJGNJQTP   0KMGIGJVNOKV#RJNCUVQP%CNEKCVK50)#05#RRGPFKZ50)/ÒPEJGP  &WPMNG2CVKPCIWVGUUGJTUEJÌP





“1PMKC  X %JT  I 9GKDNKEJGT -QRH N 9GTVMWIGNP KP <YGKIGP %CNEKCVK  50)   #0550)/ÒPEJGP &WPMGNITÒPG2CVKPCXQT\ÒINKEJ





6*'4/#+ *+/'4'05+5 “U  X %JT  I *GTCMQRH T*GTCMNGUMQRH T %CNEKCVK    $TCWPG2CVKPCUGJTUEJÌP



 X %JT JCVVGP FKG -CTVJCIGT FKG CNVG 5VCFV *KOGTC XÌNNKI \GTUVÌTV 'KPKIG YGPKIG *KPVGTDNKGDGPG FWTHVGP UKEJ   PCJGFGTCNVGP5VCFVCPFGPJGK­GP3WGNNGPPKGFGTNCUUGP %KEGTQ8GTTGU++ 

208 Æ

1,5:1

209

1,5:1



“U PCEJ  X %JT  I *GTCMNGUMQRH KO .ÌYGPHGNN T6[EJG UVGJV N OKV 2CVGTC WPF (ÒNN   JQTP%CNEKCVK &WPMGNITÒPG2CVKPCUGJTUEJÌP





-#/#4+0# Õ.KVTC  X %JT  I +P -TCP\ 0KMG HNKGIV N FCXQT 5EJYCP#VJGPC   UVGJVNOKV*GNO5RGGTWPF5EJKNF9GUVGTOCTM,GPMKPU 5GJTUEJÌP



-COCTKPC YCT PCEJ #MTCK WPF -CUOGPCK FKG FTKVVG U[TCMWUCPKUEJG -QNQPKG 0CEJ GKPGT XGTNQTGPGP 5EJNCEJV IGIGP   FKG /WVVGTUVCFV YWTFG -COCTKPC  X %JT \GTUVÌTV 0CEJ FGO 9KGFGTCWHDCW  X %JT YWTFG UKG WO  X   %JTXQP)GNCYKGFGT\GTUVÌTVX%JTDGICPPFGT\YGKVG9KGFGTCWHDCW

33


210 Æ

211 Æ 212



“6GVTCU  X %JT  I #VJGPCMQRH N OKV CVVKUEJGO *GNO'WNG UVGJV N FCXQT 'KFGEJ   UG9GUVGTOCTM,GPMKPU &WPMGNITÒPG2CVKPCXQT\ÒINKEJ





“U  X %JT  I #VJGPCMQRH N OKV CVVKUEJGO *GNO2HGTF N KO #DUEJPKVV JTG 9G   UVGTOCTM,GPMKPU 5EJYCT\G2CVKPCUGJTUEJÌP





-#6#0' Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T#RQNNQMQRH T OKV .QTDGGT   MTCP\4K\\Q6CX:50)#0550)/ÒPEJGP -N5VGORGNHGJNGTUGJTUEJÌP



&KGUG5VÒEMGYWTFGPXQPFGP-CVCPCKGTPIGRT·IVPCEJFGOUKGX%JTFKGXQP*KGTQP++KP-CVCPGCPIGUKGFGN VGP5[TCMWUCPGTXGTVTKGDGPJCVVGPWPFKPKJTG5VCFV\WTÒEMIGMGJTVYCTGP

213

214

215



Õ6GVTCFTCEJOGX%JTI3WCFTKICT0KMGDGMT·P\V.GPMGT#RQNNQMQRHTOKV.QT DGGTMTCP\4K\\Q6CX:+50)#0550)/ÒPEJGP 45GJTUEJÌP





Õ6GVTCFTCEJOGX%JTI3WCFTKICT#RQNNQMQRHTOKV.QTDGGTMTCP\4K\\Q6CX :50)#0550)/ÒPEJGP 5EJÌPpUGJTUEJÌP





Õ6GVTCFTCEJOGWOX%JTI#PFTQMGRJCNGT5VKGTTFCTÒDGT<YGKIKO#DUEJPKVV(KUEJ 0KMGKPNCPIGO%JKVQPIGJVNOKV6CGPKGWPVGP-#6#0#TPQNF$KWEEJK4CPFC\\Q*QCTF#05 054K\\QXGTIN6CX+:50)#05XGTIN 4(CUVXQT\ÒINKEJ  &GT5VKGTCWHFGT8QTFGTUGKVGXGTMÌTRGTVFGP(NW­IQVV#OGPCPQU

1,5:1



216

1,5:1

217

217

1,5:1

Õ.KVTCWOX%JTI5KNGPMQRHT)GHNÒIGNVGT$NKV\TIQT[VQUCTVKIGT)GIGPUVCPF$QGJ TKPIGT4GKJG+4GKJG++XGTIN.K #X 50)#0550)/ÒPEJGP 45GJTUEJÌP



&GT #XGTUUVGORGN  QHHGPUKEJVNKEJ GKP 9GTM FGU $TÒUUGNGT #KVPCOGKUVGTU  IGJÌTV \W $QGJTKPIGTU 4GKJG + FGT   4GXGTUUVGORGNOKVFGOIQT[VQUCTVKIGP)GIGPUVCPFJKPIGIGP\W$QGJTKPIGTU4GKJG++



Õ.KVTC  X %JT  I 5KNGPMQRH T)GHNÒIGNVGT $NKV\ QDGP KP GKPGT .CP\GPURKV\G GP   FGPF\YKUEJGP\YGK5EJKNFGP$QGJTKPIGT.K50)#0550)/ÒPEJGP 5GJTUEJÌP

1,5:1

218

1,5:1

1,5:1

219



1,5:1



Õ.KVTC  X %JT  I 5KNGPMQRH T)GHNÒIGNVGT $NKV\ QDGP KP GKPGT .CP\GPURKV\G GP   FGPF\YKUEJGP\YGK5EJKNFGP$QGJTKPIGT 4GKJG+++ 50)#0550)/ÒPEJGP 5GJTUEJÌP





Õ.KVTC  X %JT  I 5KNGPMQRH T)GHNÒIGNVGT $NKV\ \YKUEJGP \YGK 5EJKNFGP $QGJTKP   IGT4GKJG+++50)#0550)/ÒPEJGP 5GJTUEJÌP



34


222 Æ

220 1,5:1

221

1,5:1

1,5:1

1,5:1



Õ*GOKNKVTCX%JTI-QRHT)GHNÒIGNVGT$NKV\$QGJTKPIGTXGTIN*NHH-NGKP 50)#0550)/ÒPEJGP 445GJTUEJÌP





Õ.KVTCX%JTI5KNGPMQRHNOKV'HGWMTCP\)GHNÒIGNVGT$NKV\\YKUEJGP\YGK5EJKN FGP$QGJTKPIGT4GKJG+8XGTIN.K50)#0550)/ÒPEJGP 5GJTUEJÌP





“U,CJTJWPFGTVX%JTI#RQNNQMQRHNOKV.QTDGGTMTCP\#RJTQFKVG*[DNCKCUVGJVTOKV 8QIGN%CNEKCVK )TÒPG2CVKPCHCUVXQT\ÒINKEJ



224

223 Æ



1,5:1

-'0614+2#+“&GMQPMKQPX%JTI<GWUMQRHT)GHNÒIGNVGT$NKV\%CNEKCVK  )TÒPG2CVKPCUGJTUEJÌP



-GPVQTKRCK YCT GKPG 5VCFV FGT GKPJGKOKUEJGP 5KMWNGT 5KG RT·IVG CWUUEJNKG­NKEJ $TQP\GOÒP\GP KO 5VCPFCTF FGT   $TQP\G.KVTC 2HWPF 



.'106+01+ Õ&KFTCEJOG  X %JT  I 4GKVGT T.ÌYGPMQRH T XQP XKGT )GTUVGP   MÌTPGTP WOIGDGP 4K\\Q 6CX ::++  8U UVGORGNINGKEJ  50) #05  UVGORGNINGKEJ  50)   /ÒPEJGP 44#VVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT 

225



226

Õ6GVTCFTCEJOG  X %JT  I #RQNNQMQRH T.ÌYGPMQRH T XQP XKGT )GTUVGPMÌTPGTP   WOIGDGP4K\\Q6CX::+8 UVGORGNINGKEJ  5GJTUEJÌP



0WTKPFGTTGNCVKXMWT\GP5RCPPG\YKUEJGPWPFX%JTYCT.GQPVKPQKUGNDUUV·PFKI&GT4GXGTUFGU5VÒEMGU \GKIV CNU URTGEJGPFGU 9CRRGP GKPGP .ÌYGPMQRH WOIGDGP XQP )GTUVGPMÌTPGTP FKG CWH FGP )GVTGKFGTGKEJVWO FGT   %CORK.GQPVKPKJKPYGKUGP



Õ6GVTCFTCEJOG  X %JT  I #RQNNQMQRH T.ÌYGPMQRH T XQP XKGT )GTUVGPMÌTPGTP   WOIGDGP4K\\Q6CX::+++ #XGTUUVGORGNINGKEJ  (CUVUGJTUEJÌPUGJTUEJÌP



227 1,5:1



1,5:1

Õ6GVTCFTCEJOGX%JTI#RQNNQMQRHN.ÌYGPMQRHNXQPFTGK)GTUVGPMÌTPGTPWPF GKPGO$NCVVWOIGDGP4K\\Q6CX::+8 UVGORGNINGKEJ   48QT\ÒINKEJGU'ZGORNCTOKVUEJÌPGT6ÌPWPI



&KGUKUVFKGNGV\VG5KNDGTGOKUUKQPFGT5VCFV.GQPVKPKDGXQTUKGXQP5[TCMWUGTQDGTVYWTFG

35






1,5:1

Õ6GVTCFTCEJOGX%JTI#RQNNQMQRHN.ÌYGPMQRHNXQPFTGK)GTUVGPMÌTPGTPWPF GKPGO$NCVVWOIGDGP4K\\Q6CX::+8 UVGORGNINGKEJ   42T·IGUEJY·EJGPGVYCU*QTPUKNDGTHCUVUGJTUEJÌP



“6GVTCU  X %JT  I #RQNNQMQRH T OKV .QTDGGTMTCP\ N )GTUVGPMQTP&TGKHW­ \YK   UEJGP)GTUVGPMÌTPGTP%CNEKCVK &WPMNG2CVKPCHCUVXQT\ÒINKEJ



1,5:1



229 Æ

1,5:1

228

230

1,5:1

1,5:1

231

1,5:1

.10)#0' Õ.KVTC  X %JT  I *GTCMNGUMQRH KO .ÌYGPHGNN T-QRH GKPGU LWIGPF   NKEJGP(NW­IQVVGUT50)#05XGTIN50)/ÒPEJGP 445GJTUEJÌP



.QPICPGYCTGKPGMNGKPG5VCFVCO(NW­.QPICPWU 2QN[DKWU+ 



/'55#0# Õ.KVTC  X %JT  I .ÌYGPOCUMG X X'VJPKMQP %CNVCDKCPQ  FKGU   'ZGORNCTCDIGDKNFGV  48QT\ÒINKEJGU'ZGORNCTOKVHGKPGT6ÌPWPI



&GTWTURTÒPINKEJG0COGFGT5VCFVYCT<CPMNGPCEJFGOUKEJGNHÌTOKIGP*CHGPFGP5VTCDQ 8+ WPF6JWM[FK FGU 8+ GTY·JPGP#PCZKNCUXQP4JGIKQPUGV\VGUKEJWOX%JTWPFUKGFGNVGWC/GUUGPKGTCPFCJGTFGT PGWG0COG/GUUCPC

232



234

233

Õ6GVTCFTCEJOGX%JTI/CWNVKGTDKICTKO#DUEJPKVV1NKXGPDNCVV*CUGT%CNVC DKCPQ (CUVUGJTUEJÌP



&GT *CUG GTUEJGKPV CWH FGP /ÒP\GP XQP /GUUCPC YGKN PCEJ #TKUVQVGNGU 2QNNWZ 8   #PCZKNCU FGP *CUGP KP   5K\KNKGPJGKOKUEJIGOCEJVJCV



Õ6GVTCFTCEJOG  X %JT  I /CWNVKGTDKIC T KO #DUEJPKVV $NCVV*CUG URTKPIV T   %CNVCDKCPQ !  5GJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I /CWNVKGTDKIC T 0KMG DGMT·P\V 2HGTFG KO #DUEJPKVV   $NCVV*CUGURTKPIVTFCTÒDGT%%CNVCDKCPQ 5GJTUEJÌP



235 1,5:1



36

1,5:1

Õ6GVTCFTCEJOG  X %JT  I #WTKIC UVGJV KP /CWNVKGTDKIC T KO #DUEJPKVV \YGK   &GNRJKPGIGIGPGKPCPFGT*CUGURTKPIVTÒDGT&GNRJKPT%CNVCDKCPQ  2TCEJVGZGORNCT45EJTÌVNKPIUHGJNGTCWHFGO4GXGTUXQT\ÒINKEJ 


237

236



Õ6GVTCFTCEJOG  X %JT  I /CWNVKGTDKIC N KO #DUEJPKVV \YGK &GNRJKPG*CUG N   FCTWPVGTJTGQDGP#FNGT%CNVCDKCPQ &4  44CPFHGJNGTUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I /CWNVKGTDKIC N 0KMG DGMT·P\V .GPMGT KO #DUEJPKVV   \YGK&GNRJKPG*CUGNFCTWPVGTJTG%CNVCDKCPQ 45GJTUEJÌPUEJÌP



239 Æ 240

238 Æ



/#/'46+01+ “3WCFTWRNC  X %JT /GUUCPC  I #TGUMQRH T OKV .QTDGGTMTCP\   #FNGTUVGJVNCWH$NKV\%CNEKCVK &WPMGNITÒPG2CVKPCUGJTUEJÌP



X%JTYWTFG/GUUCPCXQPECORCPKUEJGP5ÌNFPGTPFGP/COGTVKPGTP/CTU5ÌJPGPGTQDGTV



“U PCEJ  X %JT /GUUCPC  I #RJTQFKVGMQRH T-TKGIGT UVGJV N OKV 5RGGT WPF 5EJYGTV   FCXQT6TQRJ·G%CNEKCVK &WPMGNITÒPG2CVKPCUGJTUEJÌP





/14)#06+0#5KMGNKQVGPÕ.KVTGPX%JTI-QTGMQRHNOKVJTGPMTCP\WPF 5EJNGKGT0KMGKP3WCFTKICT$WTPGVV'PPC*QCTF2N5LÌSXKUV  44CPFHGJNGTWPF-QTTQUKQPUGJTUEJÌP



7PVGT *KGTQP ++ YCT 5[TCMWU TQOHTGWPFNKEJ  FKGU DGICPP UKEJ WPVGT *KGTQPU 'PMGN *KGTQP[OWU \W ·PFGTP FGT   WPVGT FGO 'KPHNW­ \YGKGT XQP *CPPKDCN KPUVTWKGTVGT -CTVJCIGT PCOGPU *KRRQMTCVGU WPF 'RKM[FGU UVCPF 0CEJ FGT   'TOQTFWPI FGU -ÌPKIU IGYCPP KP FGT HÒPHVGP 4GRWDNKM UEJNKG­NKEJ FKG CPVKTÌOKUEJG 2CTVGK FKG 1DGTJCPF WPF HCUV   ICP\5K\KNKGPOKV#WUPCJOG6CWTQOGPKQPUHQNIVG&GTMCTVJCIKUEJG)GPGTCN*KOKNEQPCJODCNF/QTICPVKPCGKP YQ GT XKGNG XQP FGP 4ÌOGTP \WTÒEMIGNCUUGPG /CEJVOKVVGN XQTHCPF &QTV FÒTHVGP FKG 2T·IWPIGP FGT 5KMGNKQVGP FKG   OKVFGP-CTVJCIGTPXGTDÒPFGVYCTGPGPVUVCPFGPUGKP

241



1,5:1

242

1,5:1

/16;# Õ&KFTCEJOG WO  X %JT  I 0CEMVGT 4GKVGT N0[ORJGPMQRH T XQP FTGK   &GNRJKPGPWOIGDGP,GPMKPU+ 44(GNFGTNGKEJVDGCTDGKVGVUGKVNKEJNGKEJVIGFTÒEMVUGJTUEJÌP



'ZGORNCTFGT5COONWPI$CTTQP#WMVKQP,*KTUEJ/ÒPEJGP0T



Õ.KVTCWOX%JTI9GKDNKEJGT-QRHHCUVXX-TGDU,GPMKPU+2N  445GJTUEJÌP



/QV[C CWH GKPGT MNGKPGP +PUGN CP FGT 9GUVMÒUVG 5K\KNKGPU IGNGIGP YCT GKPG MCTVJCIKUEJG 0KGFGTNCUUWPI &GT   0COGDGFGWVGVGVYC5RKPPGTGK'UYWTFGYQJNWTURTÒPINKEJ)CTPRTQFW\KGTV

1,5:1 243



244 Æ

1,5:1

2#014/15Õ6GVTCFTCEJOGX%JTI3WCFTKICN0KMGDGMT·P\V.GPMGT#TG VJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP,GPMKPU+ 5EJTÌVNKPIUTK­UGJTUEJÌP



2CPQTOQU FCU JGWVKIG 2CNGTOQ  YCT FKG ITÌ­VG MCTVJCIKUEJG 5VCFV CWH 5K\KNKGP +JT RJÌPK\KUEJGT 0COG NCWVGV   VTCPUMTKDKGTV<+<



“U  X %JT  I -QRH N OKV .QTDGGTMTCP\2HGTFGRTQVQOG T FCTWPVGT &GNRJKP   %CNEKCVK &WPMNG2CVKPCHCUVXQT\ÒINKEJ

 37


245

247

246



5')'56#Õ&KFTCEJOGWOX%JTI*WPFUVGJVN0[ORJGPMQRHT4K\\Q2N.:+ 4ÒEMUGKVGNGKEJVFG\GPVTKGTVOKPMQTTQFKGTVUGJTUEJÌP





5'.+075 Õ&KFTCEJOG WO  X %JT  I 'RRKEJDNCVV8KGNHCEJ IGVGKNVGU +PEWUWO 50)   #05XGTIN -N&TWEMUVGNNGCO4CPFIWVGUUGJTUEJÌP





Õ&KFTCEJOGWOX%JTI'RRKEJDNCVV8KGNHCEJIGVGKNVGU+PEWUWO50)#05  5GJTUEJÌP



&CU 'RRKEJDNCVV selinon  YCT FCU 9CJT\GKEJGP XQP 5GNKPWPV WPF ICD FGT 5VCFV CWEJ KJTGP 0COGP &CU   )GDKGV WO FKG /ÒPFWPI FGU (NWUUGU 5GNKPWU YCT UWORHKI WPF DQV UQOKV FKG KFGCNG )TWPFNCIG HÒT FGP #PDCW   FKGUGT 5GNNGTKGCTV &GT *CPFGN OKV FGO 'RRKEJ OCEJVG 5GNKPWU \W GKPGT YKEJVKIGP *CPFGNUUVCFV YQTCWU CWEJ UGKPG   #PPCJOG CNU 5[ODQN FGT 5VCFV TGUWNVKGTV &GO FGNRJKUEJGP #RQNNQP YGKJVGP UKG $ÒTIGT XQP 5GNKPWU GKP IQNFGPGU   'RRKEJDNCVV &KG $GFGWVWPI FGU 5GNNGTKGU YCT UQ ITQ­ FC­ FKGUGU 5[ODQN PQEJ KP FGT /KVVG FGU HÒPHVGP   ,CJTJWPFGTVUCNU$GK\GKEJGPCWH/ÒP\GPXQTMQOOVFKGCWHFGT4ÒEMUGKVGFGP(NW­IQVV5GNKPWU\GKIGP

248

249



Õ&KFTCEJOGWOX%JTI'RRKEJDNCVV8KGNHCEJIGVGKNVGU+PEWUWO50)#05XGTIN -N4CPFHGJNGTUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I#RQNNQWPF#TVGOKU HCUVICP\XGTFGEMV KP3WCFTKICT #RQNNQ OKV IGURCPPVGO $QIGP WPF CWHIGNGIVGO 2HGKN0CEMVGT (NW­IQVV OKV <YGKI UVGJV N WPF QRHGTV   ÒDGT #NVCT FCXQT *CJP N FCJKPVGT 'RRKEJDNCVV ÒDGT 5VKGT N CWH 2QFGUV 5EJYCDCEJGT  50) #05   XGTIN 45GJTUEJÌP



#WH FKGUGT /ÒP\G XQP 5GNKPWPV GTUEJGKPGP #RQNNQP WPF #TVGOKU KP GKPGO 8KGTIGURCPP #RQNNQP CNU $QIGPUEJÒV\G   WPF #TVGOKU CNU 9CIGPNGPMGTKP $GKFG UKPF 5EJWV\IQVVJGKVGP XQP /GICTC FGT /WVVGTUVCFV XQP 5GNKPWPV +P FKGUGT   (WPMVKQP VTGVGP UKG CWEJ KP FGT -QNQPKG CWH &GT *CJP U[ODQNKUKGTV GKPGP *GKNIQVV FGT \W FGP PCJJGP 3WGNNGP   IGJÌTVG#WHFGP/ÒP\GPXQP*KOGTCGTUEJGKPVGTKPFGTINGKEJGP(WPMVKQP

250

251

252



Õ6GVTCFTCEJOG  X %JT  I#RQNNQWPF#TVGOKU HCUVICP\XGTFGEMV KP3WCFTKICT #RQNNQ OKV IGURCPPVGO $QIGP WPF CWHIGNGIVGO 2HGKN0CEMVGT (NW­IQVV OKV <YGKI UVGJV N WPF QRHGTV   ÒDGT#NVCTFCXQT*CJPNFCJKPVGT'RRKEJDNCVVÒDGT5VKGTNCWH2QFGUV5EJYCDCEJGT50)#05 4#VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT 



Õ6GVTCFTCEJOG  X %JT  I#RQNNQWPF#TVGOKU HCUVICP\XGTFGEMV KP3WCFTKICT #RQNNQ OKV IGURCPPVGO $QIGP WPF CWHIGNGIVGO 2HGKN0CEMVGT (NW­IQVV OKV <YGKI UVGJV N WPF QRHGTV   ÒDGT#NVCTFCXQT*CJPNFCJKPVGT'RRKEJDNCVVÒDGT5VKGTNCWH2QFGUV5EJYCDCEJGT50)#05 4#VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT 



Õ6GVTCFTCEJOG  X %JT  I#RQNNQWPF#TVGOKU HCUVICP\XGTFGEMV KP3WCFTKICT #RQNNQ OKV IGURCPPVGO $QIGP WPF CWHIGNGIVGO 2HGKN0CEMVGT (NW­IQVV OKV <YGKI UVGJV N WPF QRHGTV   ÒDGT#NVCTFCXQT*CJPNFCJKPVGT'RRKEJDNCVVÒDGT5VKGTNCWH2QFGUV5EJYCDCEJGT50)#05 4.GKEJVMQTTQFKGTVHCUVUGJTUEJÌP

38




254 Æ



255 Æ

253

Õ6GVTCFTCEJOG  X %JT  I#RQNNQWPF#TVGOKU HCUVICP\XGTFGEMV KP3WCFTKICT #RQNNQ OKV IGURCPPVGO $QIGP WPF CWHIGNGIVGO 2HGKN0CEMVGT (NW­IQVV OKV <YGKI UVGJV N WPF QRHGTV   ÒDGT#NVCTFCXQT*CJPNFCJKPVGT'RRKEJDNCVVÒDGT5VKGTNCWH2QFGUV5EJYCDCEJGT50)#05 4-QTTQFKGTVUEJÌPUGJTUEJÌP “6GVTCU  X %JT  I -QRH GKPGU LWIGPFNKEJGP (NW­IQVVGU N'RRKEJDNCVV FCTWO FTGK   9GTVMWIGNP%CNEKCVK 5GJTUEJÌP “*GZCU  X %JT  I -QRH GKPGU LWIGPFNKEJGP (NW­IQVVGU T'RRKEJDNCVV \YKUEJGP   \YGK9GTVMWIGNP%CNEKCVK 5GJTUEJÌP

 



5;4#-75 Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG #TG   VJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT 5GJTUEJÌP Õ6GVTCFTCEJOGX%JTI3WCFTKICT0KMGDGMT·P\V2HGTFG#TGVJWUCMQRHTXQP XKGT&GNRJKPGPWOIGDGP$QGJTKPIGT -N-TCV\GTCWHFGT8QTFGTUGKVGUGJTUEJÌP Õ6GVTCFTCEJOGX%JTI3WCFTKICT0KMGDGMT·P\V2HGTFG#TGVJWUCMQRHTXQP XKGT&GNRJKPGPWOIGDGP$QGJTKPIGT #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT Õ6GVTCFTCEJOGX%JTI3WCFTKICT0KMGDGMT·P\V2HGTFG#TGVJWUCMQRHTXQP XKGT&GNRJKPGPWOIGDGP$QGJTKPIGT 5GJTUEJÌP

  

Õ6GVTCFTCEJOGX%JTI3WCFTKICT0KMGDGMT·P\V2HGTFG#TGVJWUCMQRHTXQP XKGT&GNRJKPGPWOIGDGP$QGJTKPIGT 5GJTUEJÌP Õ6GVTCFTCEJOGX%JTI3WCFTKICT0KMGDGMT·P\V2HGTFG#TGVJWUCMQRHTXQP XKGT&GNRJKPGPWOIGDGP$QGJTKPIGT 5GJTUEJÌPpXQT\ÒINKEJ



262

  

1,5:1

262



   

261

260





259

258

257

256



263

1,5:1

263

264 1,5:1

Õ.KVTCX%JTI#TGVJWUCMQRHT8KGTURGKEJKIGU4CF$QGJTKPIGTXGTIN  5GJTUEJÌP Õ.KVTC  X %JT  I #TGVJWUCMQRH T8KGTURGKEJKIGU 4CF $QGJTKPIGT  )TWRRG +++   4GKJG:++F  5GJTUEJÌP Õ.KVTCX%JTI#TGVJWUCMQRHT8KGTURGKEJKIGU4CF$QGJTKPIGTXIN$  5GJTUEJÌP 8GTOWVNKEJKUVFCUXQTNKGIGPFG5VÒEMNGKEJVDCTDCTKUKGTV

 

264

   39


265

266



Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG KO #DUEJPKVV -GVQU   #TGVJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT  8QTFGTUGKVGOKP5VGORGNDTWEJCVVTCMVKXGUXQNN\GPVTKGTVGUHCUVXQT\ÒINKEJGU'ZGORNCT 



Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V .GPMGT KO #DUEJPKVV -GVQU   #TGVJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT  5EJÌPG6ÌPWPIYKP\5EJTÌVNKPIUHGJNGTCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT 

267

268

270

269



Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG KO #DUEJPKVV -GVQU   #TGVJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT 5GJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG KO #DUEJPKVV -GVQU   #TGVJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT (CUVUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG KO #DUEJPKVV -GVQU    #TGVJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT 5GJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG KO #DUEJPKVV -GVQU   #TGVJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT 5GJTUEJÌP



272

271



Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG KO #DUEJPKVV -GVQU   #TGVJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT  5GJTCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT 



Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG KO #DUEJPKVV -GVQU   #TGVJWUCMQRHTXQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT .GKEJVMQTTQFKGTVUGJTUEJÌP

273

1,5:1

274



1,5:1



Õ6GVTCFTCEJOGX%JTI3WCFTKICN0KMGDGMT·P\V2HGTFG#TGVJWUCMQRHTXQP XKGT&GNRJKPGPWOIGDGP$QGJTKPIGT (GKPGT5VKNUGJTUEJÌPGU'ZGORNCT





Õ.KVTCX%JTI#TGVJWUCMQRHT1MVQRWU$QGJTKPIGT



40

5GJTUEJÌP


276

275

278

277



Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG#TGVJWUCMQRH T   XQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT *QTPUKNDGTRCVKPCUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG#TGVJWUCMQRH T   XQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT -PCRRGT5EJTÌVNKPIUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC T 0KMG DGMT·P\V 2HGTFG#TGVJWUCMQRH T   XQPXKGT&GNRJKPGPWOIGDGP$QGJTKPIGT .GKEJVMQTTQFKGTVUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT DGKFUGKVKI UKIPKGTV XQP 'WOGPQU  I 3WCFTKIC N 0KMG DG   MT·P\V.GPMGT#TGVJWUCMQRHNXQPXKGT&GNRJKPGPWOIGDGP6WFGGT  4'VYCUMQTTQFKGTVUGJTUEJÌPGU'ZGORNCT



#WH FKGUGT /ÒP\G DGMT·P\V 0KMG FGP .GPMGT Y·JTGPF DKUJGT OGKUV FKG 2HGTFG DGMT·P\V YWTFGP 'U \GKIV UKEJ   FC­ UKEJ FCU $GYW­VUGKP FGT /GPUEJGP IG·PFGTV JCV 0KEJV OGJT FGT 5KGI KP 1N[ORKC KUV DGYWPFGTPUYGTV   UQPFGTP FGT 5KGIGT &KGUG +PFKXKFWCNKUKGTWPI HKPFGV CWEJ FCTKP #WUFTWEM FC­ FKG 5VGORGN PWP XQP FGP -ÒPUVNGTP   UKIPKGTVYGTFGP

281 Æ 280

279



Õ6GVTCFTCEJOG  X %JT  I 3WCFTKIC N 0KMG DGMT·P\V .GPMGT KO #DUEJPKVV JTG   #TGVJWUCMQRHNXQPXKGT&GNRJKPGPWOIGDGP*CCTKP5RJGPFQPG6WFGGT (CUVUGJTUEJÌP





Õ6GVTCFTCEJOGX%JTUKIPKGTVXQP'WMNGKFCUI3WCFTKICN0KMGDGMT·P\V.GPMGT KO #DUEJPKVV JTG#TGVJWUCMQRH N XQP XKGT &GNRJKPGP WOIGDGP *CCT KP #OR[Z WPF 5RJGPFQPG   6WFGGT 9KP\2TÒHGKPJKGDCO4CPFUGJTUEJÌP



“6GVTCU PCEJ  X %JT  I #TGVJWUCMQRH T \YKUEJGP \YGK &GNRJKPGP1MVQRWU WOIGDGP   XQPFTGK9GTVMWIGNP%CNEKCVK 5GNVGPKPFKGUGT'TJCNVWPI6KGHITÒPG2CVKPCXQT\ÒINKEJ





282 Æ

1,5:1

282 Æ

283 Æ

284 Æ



“UX%JTI#TGVJWUCMQRHN4CFKPFGP9KPMGNP'VJPKMQPWPF\YGK&GNRJKPG%CNEKCVK )TÒPG2CVKPCUGJTUEJÌP





“*GOKNKVTCX%JTI#TGVJWUCMQRHN8KGTIGVGKNVGUYKPFOÒJNGPHNÒIGNCTVKIGU+PEWUWOKO <GPVTWOKPXGTVKGHVGO4WPFUVTCJNKIGT5VGTP%CNEKCVK &WPMGNITÒPG2CVKPCUGJTUEJÌP





“*GOKNKVTCX%JTI#TGVJWUCMQRHNFCJKPVGT 5KIPCVWT! '8KGTIGVGKNVGUYKPFOÒJNGP HNÒIGNCTVKIGU+PEWUWOKO<GPVTWOKPXGTVKGHVGO4WPFCEJVUVTCJNKIGT5VGTP%CNEKCVK  )TÒPG2CVKPCUGJTUEJÌP

 41


285

285 1,5:1



£&GMCFTCEJOG  X %JT UKIPKGTV XQP 'WCKPGVQU  I 3WCFTKIC KO )CNQRR N FGT   .GPMGT XQP HNKGIGPFGT 0KMG DGMT·P\V UVTGEMV FGP 6TGKDUVCD YGKV XQT KO #DUEJPKVV 9CHHGPITWRRG   DGUVGJGPF CWU 5EJKNF 2CP\GT $GKPUEJKGPGP WPF *GNO#TGVJWUCMQRH N XQP XKGT &GNRJKPGP WOIG   DGP)CNNCVKP%:+++48+ #VVTCMVKXGU'ZGORNCTIWVGUUGJTUEJÌP  &KG GTUVGP /ÒP\GP KP 5K\KNKGP YWTFGP EC  X %JT IGRT·IV 7PUGT 5VÒEM GKP &GMCFTCEJOQP  &TCEJOCK    UVCOOV CWU FGT MNCUUKUEJGP 2GTKQFG EC  X %JT FKG CNU $NÒVG\GKV FGT UK\KNKUEJGP /ÒP\RT·IWPI IKNV #D   GVYC  X %JT DGICPPGP FKG 5VGORGNUEJPGKFGT KJTG /ÒP\GP \W UKIPKGTGP &KG \YGK DGTÒJOVGUVGP 5VGO   RGNUEJPGKFGTCWUFGT<GKVWOX%JTUKPF-KOQPWPF'WCKPGVQUFGTFCUXQTNKGIGPFG5VÒEMIGUVCNVGVJCV/CP MCPPUKEJFCTÒDGTUVTGKVGPYGNEJGTFKGUGTDGKFGPJQEJDGICDVGP-ÒPUVNGTFGTDGFGWVGPFGTGKUV)-,GPMKPU %QKPU QH )TGGM 5KEKN[ 5   UEJ·V\V LGFGPHCNNU FKG 9GTMG FGU 'WCKPGVQU JÌJGT GKP CNU FKG FGU -KOQP WPF WPUGT   JGTTNKEJGU5VÒEMURTKEJVHÒTUKEJ9CTGPCWHFGTGTUVGPU[TCMWUCPKUEJGP&GMCFTCEJOGFGODGTÒJOVGP&GOCTGVGKQP FKG 2HGTFG FGT 3WCFTKIC PQEJ KP TWJKIGO 5EJTGKVGP FCTIGUVGNNV UQ D·WOGP UKG UKEJ CWH WPUGTGO 5VÒEM   VGORGTCOGPVXQNN CWH &GP #TGVJWUCMQRH FGT 4ÒEMUGKVG JCV 'WCKPGVQU DKU KPU HGKPUVG &GVCKN IGUVCNVGV 5GNDUV FKG   MQPXGPVKQPGNNFCTIGUVGNNVGP&GNRJKPGFKGFGP-QRHWOIGDGPYKTMGPJKGTFWTEJKJTGCU[OOGVTKUEJG#PQTFPWPIPGW DGNGDVWPFGTJÌJGPFKGNGDGPFKIG5RCPPWPIFGU$KNFGU&KG9CHHGPKP8GTDKPFWPIOKVFGO9QTVaqla 2TGKUG KO #DUEJPKVV FGT 8QTFGTUGKVG GKPKIGT &GMCFTCEJOGP UKPF XGTOWVNKEJ GKP *KPYGKU FCTCWH FC­ FKGUG 2T·IWPI CPN·­NKEJ   GKPGU 5KGIGU FGT 5[TCMWUCPGT GPVUVCPFGP KUV +O ,CJTG  X %JT GTITKHH 5[TCMWU KO -TKGI \YKUEJGP 5GNKPWU WPF   5GIGUVC2CTVGKHÒT5GNKPWU5GIGUVCYCPFVGUKEJFCTCWHJKPOKVFGT$KVVGWOOKNKV·TKUEJG7PVGTUVÒV\WPICP#VJGP&KG PWP\YKUEJGP5[TCMWUWPF#VJGPCWUDTGEJGPFGPMTKGIGTKUEJGP*CPFNWPIGPGPFGVGPOKVGKPGO5KGIFGT5[TCMWUCPGT KO,CJTGX%JTCO(NW­#UUKPCTQU<WT'TKPPGTWPICPFKGUGP5KGIUVKHVGVGPFKG5[TCMWUCPGTFKGCUUKPCTKUEJGP5RKGNG

286



Õ&GMCFTCEJOGX%JT5VGORGNXQP'WCKPGVQU WPUKIPKGTV I3WCFTKICKO)CNQRRN FGT .GPMGT XQP HNKGIGPFGT 0KMG DGMT·P\V UVTGEMV FGP 6TGKDUVCD YGKV XQT KO #DUEJPKVV 9CHHGP    ITWRRG DGUVGJGPF CWU 5EJKNF 2CP\GT $GKPUEJKGPGP WPF *GNO#TGVJWUCMQRH N XQP XKGT &GNRJKPGP   WOIGDGPFCJKPVGT/WUEJGN)CNNCVKP(++4:+ !  'VYCUHNCWGT8QTFGTUGKVGPUVGORGNUGJTUEJÌP 

287 Æ

288 289 Æ



“6GVTCUPCEJX%JTI#TGVJWUCMQRHHCUVXX1EVQRWU%CNEKCVK  &WPMGNITÒPG2CVKPCUGJTUEJÌP





Õ*GOKFTCEJOG WO  X %JT  I #VJGPCMQRH HCUV X X OKV CVVKUEJGO *GNO XQP XKGT &GN   RJKPGP WOIGDGP3WCFTKIC N 0KMG DGMT·P\V .GPMGT KO #DUEJPKVV \YGK &GNRJKPG 50) #05    50)/ÒPEJGP 5GJTUEJÌPHCUVUGJTUEJÌP



“&TCEJOG PCEJ  X %JT  I #VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO5GGUVGTP \YKUEJGP   \YGK&GNRJKPGP%CNEKCVK &WPMGNITÒPG2CVKPCOKPMQTTQFKGTVUGJTUEJÌP



 42


291 Æ

290 Æ



“&TCEJOG PCEJ  X %JT  I #VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO5GGUVGTP \YKUEJGP   \YGK&GNRJKPGP%CNEKCVK &WPMNG2CVKPCHCUVUGJTUEJÌP





&KQP  X %JT “U  I -QRH FGU <GWU 'NGWVJGTKQU T OKV .QTDGGTMTCP\$NKV\ T #F   NGT%CNEKCVK )TÒPG2CVKPCHCUVXQT\ÒINKEJ



293 292

292

1,5:1



294

1,5:1

1,5:1

6KOQNGQPX%JTÕ*GOKFTCEJOGI#VJGPCMQRHHCUVXXOKVCVVKUEJGO*GNOXQP &GNRJKPGPWOIGDGP4GKVGTTFCJKPVGT5VGTPWPFJTG50)#0550)/ÒPEJGP  -N&TWEMUVGNNGUGJTUEJÌP





Õ .KVTGP  I 9GKDNKEJGT &QRRGNMQRH T \YGK &GNRJKPG2HGTF URTKPIV T 50) #05    50)/ÒPEJGP (CUVUGJTUEJÌP





Õ.KVTCI#TGVJWUCMQRHNTP1MVQRWU50)#05XCT50)/ÒPEJGP

295



296

297

298

 445GJTUEJÌP



299

4GRWDNKM  X %JT Õ5VCVGT I#VJGPCMQRHTOKVMQTKPVJKUEJGO*GNOFCJKPVGT&TGK \CEM2GICUWUHNKGIVN%CNEKCVK2GICUK 'VYCU(WPFDGNCIIWVGUUGJTUEJÌP



/ÌINKEJGTYGKUGYWTFGFCU5VÒEMCWEJWPVGT6KOQNGQPIGRT·IV



#ICVJQMNGU  X %JT Õ5VCVGT  X %JT  I #VJGPCMQRH T OKV MQTKPVJKUEJGO   *GNO )TGKH CNU *GNO\KGT2GICUWU HNKGIV N FCTWPVGT 6TKUMGNKU %CNEKCVK 2GICUK  (TCPMG*KTOGT   6H (GKPGTJGNNGPKUVKUEJGT5VKNXQT\ÒINKEJ





Õ6GVTCFTCEJOGX%JTI#TGVJWUCMQRHNXQPFTGK&GNRJKPGPWOIGDGP3WCFTKICN QDGP6TKUMGNKU50)#0550)/ÒPEJGPXGTIN .GKEJVMQTTQFKGTVUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT  I 2GTUGRJQPGMQRH T0KMG T GTTKEJVGV 6TQRJ·G WPVGP N   6TKUMGNKU50)#0550)/ÒPEJGP 8QT\ÒINKEJGU2TCEJVGZGORNCTOKVJGTTNKEJGT6ÌPWPI 



Õ6GVTCFTCEJOG  X %JT  I 2GTUGRJQPGMQRH T0KMG T GTTKEJVGV 6TQRJ·G WPVGP N   6TKUMGNKU50)#0550)/ÒPEJGP 4CPFHGJNGTUGJTUEJÌP

 43


300 Å

301 Å 302 Æ

1,5:1

1,5:1

1,5:1

1,5:1



Ô2GPVCFTCEJOG WO  X %JT  I 2GTUGRJQPGMQRH N5VKGT N 50) #05  50) /ÒP   EJGP 445GJTUEJÌPpXQT\ÒINKEJ 



Ô&KFTCEJOG  X %JT  I 5VKGTRTQVQOG N UVQ­GPFJTG 50) #05 #RRGPFKZ    50)/ÒPEJGP 445GJTUEJÌP  'ZGORNCTFGT5COONWPI.WFYKI#WMVKQP0WOKUOCVKEC#TU%NCUUKEC<ÒTKEJ0T



“UI#VJGPCMQRHTOKVMQTKPVJKUEJGO*GNO4GKVGTTOKV.CP\G%CNEKCVK  &WPMNG2CVKPCIWVGUUGJTUEJÌP

303 Æ

 

304 Æ

1,5:1

“UI-QTGMQRHNOKVJTGPMTCP\$KICT%CNEKCVK “UI-QTGMQRHNOKVJTGPMTCP\$KICT%CNEKCVK

(CUVXQT\ÒINKEJ )TÒPG2CVKPCUGJTUEJÌP

305 Æ

306 Æ



 

307 Æ



“UI#TVGOKUMQRHTÒDGTFGT5EJWNVGT-ÌEJGT)GHNÒIGNVGT$NKV\%CNEKCVK  &WPMGNITÒPG2CVKPCUGJTUEJÌP





“UI#TVGOKUMQRHTÒDGTFGT5EJWNVGT-ÌEJGT)GHNÒIGNVGT$NKV\%CNEKCVK  5EJYCT\G2CVKPCUGJTUEJÌP





“UI*GTCMNGUMQRHTFCJKPVGT$QIGP.ÌYGTFCTÒDGT-GWNGKO#DUEJPKVV(CEMGN%CNEKCVK &WPMNG2CVKPCUGJTUEJÌP

1,5:1

308 Æ

1,5:1



309 Æ



“UI#RQNNQMQRHNOKV.QTDGGTMTCP\*WPFUKV\VNWPFDNKEMVCWH5EJNCPIG\WTÒEM%CNEKCVK 4&WPMNG2CVKPCUGJTUEJÌP





*KMGVCUX%JT“UI<GWUMQRHT#FNGTCWH$NKV\N%CNEKCVK  )TÒPpTQVG2CVKPCHCUVXQT\ÒINKEJ



310 Æ



311 Æ

2[TTJQUX%JT“UI2JVJKCMQRHNOKV5EJNGKGTFCJKPVGT'HGWDNCVV$NKV\%CNEKCVK )TÒPG2CVKPCUGJTUEJÌP



2JVJKCFKG6QEJVGTFGU6JGUUCNGTU/GPQPWPF)CVVKPFGU-ÌPKIU#KCMKFGUXQP'RKTWUYCTFKG/WVVGTFGU2[TTJQU

 44

*KGTQP ++  X %JT “U  I -QRH N OKV &KCFGO FCJKPVGT -TCP\4GKVGT T OKV 5RGGT   WPVGP/QPQITCOO%CNEKCVK )TÒPG2CVKPCHCUVXQT\ÒINKEJ




312 Æ

313 Æ



“UI-QTGMQRHNOKVJTGPMTCP\FCJKPVGT$WMTCPKQP5VKGTUVÌ­VNFCTÒDGT-GWNG%CNEKCVK &WPMNG2CVKPCUGJTUEJÌP



“UI-QTGMQRHNOKVJTGPMTCP\5VKGTUVÌ­VNFCTÒDGT-GWNG%CNEKCVK  &WPMGNITÒPG2CVKPCUGJTUEJÌPXQT\ÒINKEJ

 

315

314



 HÒT 2JKNKUVKU Õ .KVTGP  I 8GTUEJNGKGTVGT -QRH N FCJKPVGT 5VGTP0KMG KP 3WCFTKIC  T   QDGP 5VGTP T - $WTPGVV 'PPC JQCTF KP 504    8U UVGORGNINGKEJ  50) #05   

UVGORGNINGKEJ 50)/ÒPEJGP UVGORGNINGKEJ  5GJTUEJÌP





Õ .KVTGP  I 8GTUEJNGKGTVGT -QRH N FCJKPVGT JTG0KMG KP 3WCFTKIC T QDGP -+ WPVGP   JTG$WTPGVV'PPCJQCTFKP50450)#0550)/ÒPEJGP )WVGUUGJTUEJÌP



316 Æ

1,5:1

318 Å

1,5:1

317 Æ



4GRWDNKMX%JT“UI#RQNNQMQRHNOKV.QTDGGTMTCP\&TGKHW­%CNEKCVK  &WPMNG2CVKPCHCUVXQT\ÒINKEJ





“UI#RQNNQMQRHTOKV.QTDGGTMTCP\FCJKPVGT/QPFUKEJGN&TGKHW­%CNEKCVK  &WPMNG2CVKPCHCUVXQT\ÒINKEJ





6#741/'0+7/ Ô6GVTCFTCEJOG PCEJ  X %JT  I #RQNNQMQRH T OKV .QTDGGTMTCP\   &TGKHW­50)#0550)/ÒPEJGP 5GJTUEJÌP 

319



320

321

322

270+'4 Õ6GVTCFTCEJOG  X %JT .CIGTOÒP\UV·VVG  I 2GTUGRJQPGMQRH T FCXQT   6J[OKCVGTKQP2HGTFTFCJKPVGT&CVVGNRCNOGFCXQT%CFWEGWUWPF0KMG,GPMKPU+++  4'VYCU(WPFDGNCICWHFGT4ÒEMUGKVGIWVGUUGJTUEJÌP



&KG&CVVGNRCNOGJGK­VITKGEJKUEJfo/inicUKGKUVJKGTCNU#PURKGNWPICWHFKGRJQGPK\KUEJG*GTMWPHVFGT-CTVJCIGT\W XGTUVGJGP



Õ6GVTCFTCEJOGX%JT.CIGTOÒP\UV·VVGI2GTUGRJQPGMQRHNXQPXKGT&GNRJKPGP WOIGDGP2HGTFTFCJKPVGT&CVVGNRCNOG,GPMKPU+++ 4'VYCU(WPFDGNCIIWVGUUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT .CIGTOÒP\UV·VVG  I #TGVJWUCMQRH N XQP FTGK &GNRJKPGP   WOIGDGP2HGTFGMQRHNFCJKPVGT2CNOGFCTWPVGT/KPRWPKUEJGT5EJTKHV,GPMKPU+++  .GKEJVG-TCV\GTWPF5EJTÌVNKPIUHGJNGTHCUVUGJTUEJÌP



Õ6GVTCFTCEJOGX%JT.CIGTOÒP\UV·VVGI#TGVJWUCMQRHN2HGTFUVGJVTXQT2CN OG,GPMKPUXGTIN+++ -TCV\GTOKPDGTKGDGPUGJTUEJÌP





45


324

323



326

325

Õ6GVTCFTCEJOG  X %JT 4CUEJ /GNSCTV  -GRJCNQKFKQP !   I 3WCFTKIC T 0KMG   DGMT·P\V.GPMGT9GKDNKEJGT-QRHTXQPXKGT&GNRJKPGPWOIGDGP,GPMKPU+  (GKPGT5VKNMN-TCV\GTIWVGUUGJTUEJÌP



Õ6GVTCFTCEJOGX%JT4CUEJ/GNSCTV -GRJCNQKFKQP! I3WCFTKICT0KMGDG MT·P\V.GPMGT9GKDNKEJGT-QRHNXQPXKGT&GNRJKPGPWOIGDGP,GPMKPU+ 5GJTUEJÌP



'ZGORNCTFGT#WMVKQP/ÒP\<GPVTWO-ÌNP0T  4CUEJ /GNSCTV  *CWRV FGU *GTCMNGU  IKNV ÒDNKEJGTYGKUG CNU RWPKUEJG $G\GKEJPWPI GKPGT 5VCFV CWH 5K\KNKGP OÌI   NKEJGTYGKUG -GRJCNQKFKQP  .GQ /KNFGPDGTI \YGKHGNV FKGU CP WPF J·NV 4CUEJ /GNSCTV HÒT FGP 0COGP GKPGT MCTVJC   IKUEJGP +PUVKVWVKQP OÌINKEJGTYGKUG GKPGT /KNKV·TGKPJGKV  UKGJG /KNFGPDGTI 45/.346 KP 2TKEG$WTPGVV$NCPF   'UUC[UKPJQPQWTQH4QDGTV%CTUQPCPF-GPPGVJ,GPMKPU.QPFQP5H



'ZGORNCTFGT#WMVKQP/ÒP\<GPVTWO-ÌNP0T





Õ6GVTCFTCEJOG  X %JT 4CUEJ /GNSCTV  -GRJCNQKFKQP !   I 3WCFTKIC T 0KMG   DGMT·P\V.GPMGT9GKDNKEJGT-QRHNXQPFTGK&GNRJKPGPWOIGDGP,GPMKPU+  .GKEJVG-TCV\GTHCUVUGJTUEJÌP



Õ6GVTCFTCEJOGX%JT4CUEJ/GNSCTV -GRJCNQKFKQP! I3WCFTKICT0KMGDG MT·P\V.GPMGT2GTUGRJQPGMQRHTXQP&GNRJKPGPWOIGDGP,GPMKPU+ 9KP\)TCHHKVKUGJTUEJÌP



327

328

331 Æ

329

330



Õ6GVTCFTCEJOG  X %JT .CIGTOÒP\UV·VVG  I #TGVJWUCMQRH N XQP XKGT &GNRJKPGP   WOIGDGP2HGTFGMQRHNFCJKPVGT2CNOG,GPMKPU+++  -NGKPG5EJTÌVNKPIUTKUUGCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT 



Õ6GVTCFTCEJOG  X %JT .CIGTOÒP\UV·VVG  I *GTCMNGUMQRH T KO .ÌYGPHGNN2HGT   FGMQRHNFCXQT-GWNGFCJKPVGT2CNOG,GPMKPU+8 /KPMQTTQFKGTVUGJTUEJÌP





Õ6GVTCFTCEJOG WO  X %JT /*5$/ 3W·UVQTGP/ÒP\UV·VVG   I *GTCMNGUMQRH T KO   .ÌYGPHGNN2HGTFGMQRHNFCJKPVGT2CNOG,GPMKPU+8 5GJTUEJÌPpXQT\ÒINKEJ





Õ6GVTCFTCEJOG WO  X %JT /*5$/ 3W·UVQTGP/ÒP\UV·VVG   I *GTCMNGUMQRH T KO   .ÌYGPHGNN2HGTFGMQRHNFCJKPVGT2CNOG,GPMKPU+8 5GJTUEJÌPGU'ZGORNCT





.+2#4# “*GOKNKVTC  X %JT  I *GRJCKUVQU UKV\V T OKV *COOGT WPF -CPVJCTQU   5GEJU9GTVMWIGNP%CNEKCVK 5GNVGPKPFKGUGT'TJCNVWPI&WPMGNITÒPG2CVKPCHCUVXQT\ÒINKEJ



46


+05'.0<9+5%*'0#(4+-#70&5+<+.+'0

332 Æ

1,5:1



333 Æ

1,5:1

/'.+6# “3WCFTCPU  X %JT  I -QRH FGT #UVCTVG T OKV 5EJNGKGT9KFFGTMQRH T FC   TWPVGTFKGRWPKUEJGP$WEJUVCDGP#NGRJ0WP0WP%QNGKTQKP0% )TÒPG2CVKPCUGJTUEJÌP



&KGUGU5VÒEMIGRT·IVWPVGTFGTTÌOKUEJGP*GTTUEJCHVÒDGT/CNVCFCVKGTV%QNGKTQWCCWHITWPFFGU)GYKEJVUKPFKG <GKVFGU$WPFGUIGPQUUGPMTKGIGU&KG/ÒP\GVT·IVYKGCNNGOCNVGUKUEJGP)GRT·IGLGPGT<GKVCWUUEJNKG­NKEJTGNKIKÌUG &CTUVGNNWPIGP CWH FGO #XGTU FGP -QRH FGT )ÌVVKP #UVCTVG CWH FGO 4GXGTU FGP -QRH FGU FGT #UVCTVG DGUQPFGTU   J·WHKIIGQRHGTVGP9KFFGTU&KGRWPKUEJGP.GVVGTPCWHFGT4ÒEMUGKVGIGDGPFGPCNVGP0COGPFGT+PUGN)JQPCPCP



“3WCFTCPU  X %JT  I -QRH FGT #UVCTVG T OKV 5EJNGKGT9KFFGTMQRH T FCTWPVGT FKG   RWPKUEJGP$WEJUVCDGP#NGRJ0WP0WP%QNGKTQKP0% &WPMNG2CVKPCUGJTUEJÌP



+..;4+%7/

334



#21..10+# Õ&GPCT  ,CJTJWPFGTV X %JT /CIKUVTCV #PFTQP /ÒP\OGKUVGT 6KOGP 5QJP FGU   #PFTQ    I #RQNNQMQRH N&TGK 0[ORJGP VCP\GP WO FCU (GWGT FGU 0[ORJCKQPU /CKGT KP   0< 445GJTUEJÌP

1,5:1





335 1,5:1

&#/#56+10 Õ6GVTCFTCEJOG  X %JT /CIKUVTCV -CMKQ  I #RQNNQMQRH N&TGK   HW­/C[ FKGU'ZGORNCTCDIGDKNFGV  448QT\ÒINKEJGU2TCEJVGZGORNCTOKVHGKPGT2CVKPC  'ZGORNCT FGT 5COONWPI .QEMGVV #WMVKQP )NGPFKPKPI .QPFQP XQO  0T  WPF FGT #WMVKQP #TU   %NCUUKEC.W\GTP0T

338 336

337 1,5:1



&;44*#%*+7/ Õ5VCVGT  X %JT  I -WJ T U·WIV -CND#NMKPQQUI·TVGP KO   #DUEJPKVV-GWNG/CKGTKP0< #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





Õ5VCVGT  X %JT  I -WJ N U·WIV -CND#NMKPQQUI·TVGP KO #DUEJPKVV -GWNG /CKGT   KP0< #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC





Õ&TCEJOG  X %JT  I *GTCMNGUMQRH KO .ÌYGPHGNN N2GICUWU HNKGIV T /CKGT KP 0<   XGTINHH 45GJTUEJÌP

 47


/1'5+#

339

340

341



+56415Õ&TCEJOG,CJTJWPFGTVX%JTI<YGK-ÌRHGXXIGIGPGKPCPFGTXGTUGV\V5GG CFNGTCWH&GNRJKPNWPVGP#T+#/0) &G\GPVTKGTVHCUVXQT\ÒINKEJ





Õ&TCEJOG  ,CJTJWPFGTV X %JT  I <YGK -ÌRHG X X IGIGPGKPCPFGT XGTUGV\V5GGCFNGT CWH    &GNRJKPNWPVGPAPT+#/0)XGTIN 5GJTUEJÌP





Õ&TCEJOG  ,CJTJWPFGTV X %JT  I <YGK -ÌRHG X X IGIGPGKPCPFGT XGTUGV\V5GGCFNGT CWH   &GNRJKPNWPVGPDI#/0)XGTIN 5GJTUEJÌP



342 343 Å

344 Å

1,5:1

1,5:1



Õ*GOKQDQN,CJTJWPFGTVX%JTI<YGK-ÌRHGIGIGPGKPCPFGTXGTUGV\V5GGCFNGTCWH&GNRJKPN #/0) 5GJTUGNVGPGU0QOKPCN&TWEMUVGNNGCWHFGO4GXGTUUVGORGNHTKUEJXQT\ÒINKEJ





-#..#6+5Ô5VCVGTX%JTI&KCFGOKGTVGT-QRHFGUXGTIÌVVNKEJVGP#NGZCPFGTTOKV #OOQPUJQTP#VJGPC0KMGRJQTQUUKV\VNFCTWPVGT&TGK\CEMOKV&GNRJKPGP#/0)  #VVTCMVKXGUXQT\ÒINKEJGU'ZGORNCT



&GT-QRHFGT8QTFGTUGKVG\GKIVFKG<ÒIG/KVJTCFCVGU8+UQYKGUKGXQPUGKPGPMNGKPCUKCVKUEJGP6GVTCFTCEJOGPDG MCPPVUKPF&KGUG)QNFRT·IWPIUVGJVKO<WUCOOGPJCPIOKVFGO$GHTGKWPIUMTKGI/KVJTCFCVGU8+IGIGPFKG4ÌOGT



Ô5VCVGTX%JTI&KCFGOKGTVGT-QRHFGUXGTIÌVVNKEJVGP#NGZCPFGTTOKV#OOQPUJQTP #VJGPC0KMGRJQTQUUKV\VNFCTWPVGT&TGK\CEMOKV&GNRJKPGP#/0) (CUVXQT\ÒINKEJ

345 Æ

1,5:1



346 Å

1,5:1



“U  ,CJTJWPFGTV P %JT  I &TCRKGTVG $ÒUVG FGT #VJGPC T OKV MQTKPVJKUEJGO *GNO WPF   #GIKU5EJKNF\YKUEJGP-ÌEJGTWPF-GWNG#/0)XCT &WPMNG2CVKPCXQT\ÒINKEJ





61/+5 Ô5VCVGT  X %JT  I &KCFGOKGTVGT -QRH FGU XGTIÌVVNKEJVGP #NGZCPFGT T OKV   #OOQPUJQTP#VJGPC0KMGRJQTQUUKV\VN#/0) 8QT\ÒINKEJ



&KGUG5VÒEMGNKG­/KVJTCFCVGU8+XQP2QPVQUY·JTGPFFGU/KVJTCFCVKUEJGP-TKGIGURT·IGP

5%;6*+#

347 Å

347 Å 1,5:1



48

2#06+-#2#+10Ô5VCVGTX%JTI2CPMQRHNOKV'HGWMTCP\)TGKHNOKV5RGGTKO 5EJPCDGNCWHJTG&KVVTKEJ(TCPMG*KTOGT6HQDGP50)$/  /KP-TCV\GTMN4CPFHGJNGTXQT\ÒINKEJ




349 Å

348 Æ



%JCTCURGU  ,CJTJWPFGTV X %JT “U  I -ÌRHG FGT &KQUMWTGP T#FNGT CWH $NKV\ T 50)   $/ &WPMNG2CVKPCUGJTUEJÌP



&GT 5M[VJGPMÌPKI %JCTCURGU JGTTUEJVG KO PQTFYGUVNKEJGP 5EJYCT\OGGTIGDKGV 5GKPG /ÒP\GP UKPF XGTOWVNKEJ CNU   #WHVTCIUCTDGKVGPKPGKPGT)TKGEJGPUVCFVJGTIGUVGNNVYQTFGP



-QUQP EC  X %JT Ô5VCVGT  X %JT 1NDKC  I /CIKUVTCV UEJTGKVGV N \YKUEJGP   \YGK.KMVQTGPFCXQT/QPQITCOO#FNGTNOKV-TCP\WPF<GRVGT42%#  2TCEJVGZGORNCT5VGORGNINCP\



&KGUG KPVGTGUUCPVG)QNFOÒP\GKUVUGKVDGMCPPVCNU'TCUOWUXQP4QVVGTFCOUKG\WGTMN·TGPXGTUWEJVG'UH·NNV UQHQTV CWH FC­ FKGUGT /ÒP\V[R TÌOKUEJG &GPCTG FGT UR·VGP 4GRWDNKM PCEJCJOV &KG 8QTFGTUGKVG KUV PCEJ GKPGO   &GPCT IGUVCNVGV FGP / +WPKWU $TWVWU  X %JT \WT 'TKPPGTWPI CP FKG 8GTVTGKDWPI FGT 6CTSWKPKGT FWTEJ UGKPGP   8QTHCJTGP . +WPKWU $TWVWU RT·IGP NKG­ %TCYHQTF   &KG 4ÒEMUGKVG JCV GKPGP &GPCT FGU 3 2QORQPKWU   4WHWU \WO 8QTDKNF IGRT·IV  X %JT %TCYHQTF   &KGUG 0CEJCJOWPI TÌOKUEJTGRWDNKMCPKUEJGT /ÒP\GP   IGUEJCJ PKEJV \WH·NNKI 5Q JCV OCP NCPIG CPIGPQOOGP FC­ -QUQP 8GTDÒPFGVGT FGU %CGUCT/ÌTFGTU $TWVWU KO   $ÒTIGTMTKGI IGIGP /CTE #PVQP WPF 1EVCXKCP #WIWUVWU  YCT -QUQP FGT UGKPGP 0COGPU\WI CWH FKG 8QTFGTUGKVG   WPUGTGT /ÒP\G RT·IGP NKG­ YWTFG NCPIG CNU -ÌPKI FGT 6JTCMGT CPIGUGJGP /CZ XQP $CJTHGNFV URTCEJ XQP GKPGO   &CMGTMÌPKI -QUQP KP $GTNKPGT /ÒP\DN·VVGT   -QUQP YWTFG CDGT CWEJ HÒT FKG 5E[VJGP KP #PURTWEJ   IGPQOOGP &KG 8GTDKPFWPI \W FGP &CMGTP FGO JGWVKIGP 4WO·PKGP IGPCWGT 5KGDGPDÒTIGP  JCV 1 +NKGUEW   GTCTDGKVGV KP 3WCFGTPK 6KEKPGUK   &CU CWH GKPKIGP 5VÒEMGP CWH FGT 8QTFGTUGKVG \W HKPFGPFG /QPQITCOO NKGUV   +NKGUEW WPUGTGT /GKPWPI PCEJ \WVTGHHGPF CNU $# HÒT BASILEUS -ÌPKI  Y·JTGPF CPFGTG GU CNU $4 HÒT $TWVWU   \W FGWVGP XGTUWEJV JCDGP &CU 0QOKPCN OKV GKPGO &WTEJUEJPKVVUIGYKEJV XQP  I KUV UKEJGT MGKP TÌOKUEJGT   #WTGWU UQPFGTP GKP ITKGEJKUEJGT )QNFUVCVGT &KG /ÒP\UV·VVG 1NDKC XGTDKTIV UKEJ YQJN PKEJV KP FGO /QPQITCOO   YKG *GCF WPF CPFGTG INCWDVGP UQPFGTP UKG GTIKDV UKEJ CWU FGO 4ÒEMUGKVGPV[R FGT PKEJV PWT FGP 4WHWU&GPCT   \WO8QTDKNFJCVUQPFGTPCWEJ\W1NDKCRC­V

352 Å

351 Å

350 Å



Ô5VCVGT  X %JT 1NDKC  I /CIKUVTCV UEJTGKVGV N \YKUEJGP \YGK .KMVQTGP FCXQT /QPQ   ITCOO#FNGTNOKV-TCP\WPF<GRVGT42%# 2T·IGUEJY·EJGXQT\ÒINKEJpUVGORGNHTKUEJ





Ô5VCVGT  X %JT 1NDKC  I /CIKUVTCV UEJTGKVGV N \YKUEJGP \YGK .KMVQTGP FCXQT /QPQ   ITCOO#FNGTNOKV-TCP\WPF<GRVGT42%#  $TGKVGUXQNN\GPVTKGTVGU2TCEJVGZGORNCTXQT\ÒINKEJpUVGORGNHTKUEJ





Ô5VCVGT  X %JT 1NDKC  I /CIKUVTCV UEJTGKVGV N \YKUEJGP \YGK .KMVQTGP FCXQT /QPQ   ITCOO#FNGTNOKV-TCP\WPF<GRVGT42%# 8QT\ÒINKEJ



6*4#%+#

353

354

355

356

1,5:1 1,5:1



#$&'4#Õ1DQNX%JTI)TGKHUKV\VN8KGTIGVGKNVGU+PEWUWO/C[  5GJTUEJÌP





Õ6GVTQDQNX%JT/CIKUVTCV-NGCPVKFGUI)TGKHUKV\VN5VKGTMQRHT/C[  .GKEJVFG\GPVTKGTVUGJTUEJÌP





Õ6GVTQDQNX%JT/CIKUVTCV2TQVGUI)TGKHUKV\VN#RQNNQMQRHN/C[  .GKEJVFG\GPVTKGTV4ÒEMUGKVGOKV*QTPUKNDGTDGFGEMVUGJTUEJÌP





Õ&TCEJOG  X %JT /CIKUVTCV 4QOPGOQP  I )TGKH UKV\V N-CPVJCTQU T 'HGWDNCVV   /C[ #2  4.GKEJVFG\GPVTKGTVHCUVXQT\ÒINKEJ

 49


357

359

358

360



Õ&TCEJOG  X %JT /CIKUVTCV 4QOPGOQP  I )TGKH UKV\V N-CPVJCTQU T 'HGWDNCVV   /C[ -NGKPG#DURNKVVGTWPIGPCWHFGO#XGTUUGJTUEJÌP





Õ&TCEJOG  X %JT /CIKUVTCV 2JKNCKQU  I )TGKHUKV\VN*GTOGUUVGJVTOKV5VCDT #UVTCICN/C[ 4ÒEMUGKVGNGKEJVMQTTQFKGTVXQT\ÒINKEJUGJTUEJÌP





Õ&TCEJOG  X %JT /CIKUVTCV 2JKNCKQU  I )TGKHUKV\VN*GTOGUUVGJVTOKV5VCDT #UVTCICN/C[ 5GJTUEJÌP





Õ&TCEJOGX%JT/CIKUVTCV/QNRCIQTGUI)TGKHUKV\VN&KQP[UQUMQRHT/C[ 'VYCU*QTPUKNDGTUGJTUEJÌP



362 361

1,5:1

363

1,5:1



Õ6GVTCFTCEJOG  X %JT /CIKUVTCV &KQP[UCFGU  I )TGKH UKV\V N#RQNNQMQRH T OKV   .QTDGGTMTCP\/C[ 5GJTUEJÌP





#+015 Õ&KQDQN  X %JT  I *GTOGUMQRH T OKV 2GVCUQU<KGIG T FCXQT UVKNKUKGTVG   9GKPTCPMG/C[XGTIN #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





#21..10+# 2106+%# Õ&TCEJOG WO  X %JT  I #PMGT T (NW­MTGDU8KGTIGVGKN   VGU+PEWUWOKPFGP9KPMGNP&GNRJKPG50)$/XGTIN 45GJTUEJÌP



364

1,5:1

1,5:1

365 Æ



Õ&TCEJOGWOX%JTI/GFWUGPMQRHXX#PMGTT(NW­MTGDU50)$/  )WVGUUGJTUEJÌP





$+<;#“U,CJTJWPFGTVP%JTI<GWUMQRHT5VCFVCPUKEJV/QWUJOQX  44&WPMNG2CVKPCUGJTUEJÌP



367 Å

366



$;<#06+10 Õ6GVTCFTCEJOG  X %JT  I 5VKGT UVGJV N CWH &GNRJKP8KGTIGVGKNVGU   IGRWPMVGVGU+PEWUWO50)$/ 5GJTUEJÌPGU'ZGORNCT





Ô5VCVGT OKV 0COGP FGU .[UKOCEJQU PCEJ  X %JT  I #NGZCPFGTMQRH T OKV &KCFGO WPF   #OOQPUJQTP#VJGPC 0KMGRJQTQU UKV\V N FCXQT /QPQITCOO KO #DUEJPKVV &TGK\CEM /ÒNNGT    50)%QR 5GJTUEJÌP



369

368



 50

1,5:1

1,5:1

Õ6GVTCFTCEJOG OKV 0COGP FGU .[UKOCEJQU PCEJ  X %JT  I #NGZCPFGTMQRH T OKV &KC   FGO WPF #OOQPUJQTP#VJGPC 0KMGRJQTQU UKV\V N FCXQT /QPQITCOO KO #DUEJPKVV &TGK\CEM   /ÒNNGTXGTIN50)%QR 5GJTUEJÌP



&+-#+# Õ6TKJGOKQDQN  X %JT  I *CJP UVGJV T FCTÒDGT Q+P +PEWUWO *GTCM   NGUMQRHKO.ÌYGPHGNNT/C[6JG%QKPCIGQH&KMCKCD[#DFGTC 5GJTUEJÌP




370

1,5:1

370

371

371

1,5:1



Õ6TKJGOKQDQN  X %JT  I *CJP UVGJV T+P +PEWUWO *GTCMNGUMQRH KO .ÌYGPHGNN T   /C[6JG%QKPCIGQH&KMCKCD[#DFGTC -QTTQFKGTVHCUVUGJTUEJÌP



/#410'+# Õ&TCEJOG  X %JT  I 2HGTFGRTQVQOG N8KGTIGVGKNVGU +PEWUWO   5EJÌPGTV)GKUU FKGU'ZGORNCT  448QT\ÒINKEJ 



'ZGORNCTFGT#WMVKQP.GW<ÒTKEJ0TFGT#WMVKQP/ÒP\GPWPF/GFCKNNGP#)$CUGNFGT #WMVKQP.GW<ÒTKEJ0TFGT#WMVKQP.GW<ÒTKEJ0TFGT5COONWPI%QOVG%JCPFQP FG $TKCKNNGU #WMVKQP $QWTIG[ 2CTKU XQO  ,WPK  0T  FGT 5COONWPI #NNCVKPK #WMVKQP #TU %NCUUKEC   :+++)GPH0TUQYKGFGT5COONWPI9GDGT0T GTYQTDGPXQP.CODTQU 

373



374

372

Õ5VCVGT  X %JT /CIKUVTCV *GTQDQWNQU  I 2HGTF URTKPIV N9GKPUVQEM N 'HGWDNCVV   5EJÌPGTV)GKUUXGTIN  -N4CPFHGJNGTCVVTCMVKXGU'ZGORNCTOKVHGKPGT2CVKPCHCUVXQT\ÒINKEJ





Õ6TKQDQNX%JTI2HGTFGRTQVQOGN9GKPUVQEM5EJÌPGTV)GKUUXGTIN  5GJTUEJÌP





Õ6TKQDQNX%JTI2HGTFGRTQVQOGN9GKPUVQEMN-CPVJCTQU5EJÌPGTV)GKUU #XGTUNMQTTQFKGTVUGJTUEJÌP



1,5:1

375

376

1,5:1



Õ6TKQDQNX%JTI2HGTFGRTQVQOGN9GKPUVQEM5EJÌPGTV)GKUUXGTINHH  5GJTUEJÌP





Õ6TKQDQNX%JTI2HGTFGRTQVQOGN9GKPUVQEMN4J[VQP5EJÌPGTV)GKUU  5GJTUEJÌP



377

379

378

379



Õ6TKQDQN  X %JT  I 2HGTFGRTQVQOG N9GKPUVQEM T 'HGWDNCVV 5EJÌPGTV)GKUU     #XGTUOKPMQTTQFKGTVHCUVXQT\ÒINKEJ





Õ6TKQDQNX%JTI2HGTFGRTQVQOGN9GKPUVQEMN-CPVJCTQU5EJÌPGTV)GKUU 5GJTUEJÌPpXQT\ÒINKEJ





/'5'/$4+#Õ6GVTCFTCEJOG#NGZCPFTGKGT<GKV/KVJTCFCVGU8+X%JTI*GTCM NGUMQRHKO.ÌYGPHGNNT<GWU#GVQRJQTQUUKV\VN2TKEGXGTIN#5EJWNVGPKP)0   5 -N5VGORGNTK­XQT\ÒINKEJ



8QT <GWU DGHKPFGP UKEJ \YGK /QPQITCOOG GKPGU MQOOV CWH 2T·IWPIGP XQP /GUGODTKC XQT GKPGU KP 1FGUUQU  

2TKEG 7PVGTFGO5KV\KUVMGKP$GK\GKEJGP

51


380

381



1&'5515 Õ6GVTCFTCEJOG #NGZCPFTGKGT   X %JT  I *GTCMNGUMQRH KO.ÌYGPHGNNT <GWU#GVQRJQTQUUKV\VN2TKEG 8QT\ÒINKEJ



Õ6GVTCFTCEJOG #NGZCPFTGKGT  X%JTI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQ RJQTQUUKV\VN2TKEG )WVGUUGJTUEJÌP



&CU5VÒEMYWTFGY·JTGPFFGT*GTTUEJCHV/KVJTCFCVGU8+XQP2QPVWUIGRT·IV



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T

382

385

384

383

386

387



6*#515 Õ5VCVGT  X %JT  I 5CV[T XGTUEJNGRRV 0[ORJG8KGTIGVGKNVGU +PEWUWO   50)%QR 5GJTUEJÌP





Õ5VCVGTX%JTI5CV[TXGTUEJNGRRV0[ORJG8KGTIGVGKNVGU+PEWUWO50)%QR 5GJTUEJÌP





Õ5VCVGTX%JTI5CV[TXGTUEJNGRRV0[ORJG8KGTIGVGKNVGU+PEWUWO50)%QR 5GJTUEJÌP





Õ5VCVGTX%JTI5CV[TXGTUEJNGRRV0[ORJG8KGTIGVGKNVGU+PEWUWO50)%QR -N-TCV\GTWPF2WP\GCWHFGO4GXGTUUGJTUEJÌP





Õ5VCVGT  X %JT  I 5CV[T XGTUEJNGRRV 0[ORJG8KGTIGVGKNVGU +PEWUWO 50) %QR   XGTIN 5GJTUEJÌP





Õ5VCVGT  X %JT  I 5CV[T XGTUEJNGRRV 0[ORJG WPVGP Q8KGTIGVGKNVGU +PEWUWO   50)%QR 5GJTUEJÌP



388

389

1,5:1

389



Õ&KQDQN  X %JT  I 5CV[T GKNV T8KGTIGVGKNVGU +PEWUWO 50) %QR  9CIIQPGT   4QUGP%QNN (CUVUGJTUEJÌP





Õ*GOKQDQNX%JTI0[ORJGPMQRHN&GNRJKPN-NGKP50)%QR 5GJTUEJÌP



390

391



Õ6GVTCFTCEJOGPCEJX%JTI&KQP[UQUMQRHT*GTCMNGUUVGJVNOKV-GWNGWPF.ÌYGP HGNN50)%QRXGTIN (CUVXQT\ÒINKEJ





Õ6GVTCFTCEJOGPCEJX%JTI&KQP[UQUMQRHT*GTCMNGUUVGJVNOKV-GWNGWPF.ÌYGP HGNN50)%QRXGTIN 8QT\ÒINKEJGU'ZGORNCT



52


392







-¤0+)4'+%* .[UKOCEJQU  X %JT Õ&TCEJOG PCEJ #NGZCPFGT6[R  X %JT   -QNQRJQP  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU #GVQRJQTQU UKV\V N FCXQT .ÌYGPRTQVQOG   ÒDGT*CNDOQPFWPVGTFGO6JTQP2GPVCITCOO6JQORUQPKP'UUC[U4QDKPUQP (CUVXQT\ÒINKEJ



Õ6GVTCFTCEJOG PCEJ #NGZCPFGT6[R  X %JT -QNQRJQP  I *GTCMNGUMQRH KO .Ì   YGPHGNN T<GWU #GVQRJQTQU UKV\V N FCXQT .ÌYGPRTQVQOG ÒDGT *CNDOQPF WPVGT FGO 6JTQP 2GPVC   ITCOO6JQORUQPKP'UUC[U4QDKPUQP #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



Õ&TCEJOG  X %JT /CIPGUKC  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC0KMGRJQTQUUKV\VNFCXQT&TGK\CEM6JQORUQPKP'UUC[U4QDKPUQP 8QT\ÒINKEJ



395









396



398

397

Õ6GVTCFTCEJOG PCEJ  X %JT -KQU  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC 0KMGRJQTQU UKV\V N FCXQT /QPQITCOO KO #DUEJPKVV -ÌEJGT WPF /QPQITCOO /ÒNNGT    XGTIN50)$GTT[50)%QRXGTIN6JQORUQPKP'UUC[U4QDKPUQP 8QT\ÒINKEJ



Õ6GVTCFTCEJOG PCEJ  X %JT -KQU  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC 0KMGRJQTQU UKV\V N FCXQT /QPQITCOO WPF -GWNG KO #DUEJPKVV -ÌEJGT WPF /QPQITCOO   /ÒNNGT50)$GTT[50)%QR6JQORUQPKP'UUC[U4QDKPUQP  #XGTUOKPMQTTQFKGTVHCUVXQT\ÒINKEJ



Õ6GVTCFTCEJOG PCEJ  X %JT -KQU  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC 0KMGRJQTQU UKV\V N FCXQT /QPQITCOO WPF -GWNG KO #DUEJPKVV -ÌEJGT WPF /QPQITCOO   /ÒNNGT50)$GTT[50)%QR6JQORUQPKP'UUC[U4QDKPUQP 8QT\ÒINKEJ



Õ6GVTCFTCEJOG PCEJ  X %JT -KQU  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC 0KMGRJQTQU UKV\V N FCXQT /QPQITCOO WPF -GWNG KO #DUEJPKVV -ÌEJGT !  WPF /QPQ   ITCOO/ÒNNGT50)$GTT[50)%QR6JQORUQPKP'UUC[U4QDKPUQP 5GJTUEJÌP



399



394

393

400

Õ6GVTCFTCEJOG PCEJ  X %JT -KQU  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC0KMGRJQTQUUKV\VNFCXQT/QPQITCOOWPF-GWNGKO#DUEJPKVV-ÌEJGTWPF/QPQITCOO/ÒN NGT50)$GTT[50)%QR50)(KV\YKNNKCO .GKEJVGT&QRRGNUEJNCIIWVGUUGJTUEJÌP



Õ6GVTCFTCEJOGX%JT.CORUCMQUI#NGZCPFGTMQRHTOKV&KCFGOWPF#OOQPU JQTP#VJGPC 0KMGRJQTQU UKV\V N FCXQT /QPQITCOO KO #DUEJPKVV *CNDOQPF 6JQORUQP KP 'UUC[U   4QDKPUQP 9KP\KIGT5EJTÌVNKPIUHGJNGTCWHFGO4GXGTUCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT

 53


402

401



Õ6GVTCFTCEJOGX%JT.CORUCMQUI#NGZCPFGTMQRHTOKV&KCFGOWPF#OOQPU JQTP#VJGPC 0KMGRJQTQU UKV\V N FCXQT /QPQITCOO KO #DUEJPKVV *CNDOQPF 6JQORUQP KP 'UUC[U   4QDKPUQP $TGKVGT(NCPUGJTUEJÌP



0CEJFGO GT IGOGKPUCO OKV 5GNGWMQU + 0KMCVQT KP FGT 5EJNCEJV DGK +RUQU ÒDGT #PVKIQPQU /QPQRJVCNOQU IGUKGIV   JCVVG DGUGV\VG .[UKOCEJQU -NGKPCUKGP DKU \WO 6CWTQU 5Q HKGNGP KJO CWEJ FKG )TKGEJGPUV·FVG FGT -ÒUVGPTGIKQP KP   FKG*CPFYKG-KQU.CORUCMQU/CIPGUKCWPFKO+PPGTP5CTFGKU



Õ6GVTCFTCEJOGX%JT.CORUCMQUI#NGZCPFGTMQRHTOKV&KCFGOWPF#OOQPU JQTP#VJGPC 0KMGRJQTQU UKV\V N FCXQT /QPQITCOO KO #DUEJPKVV *CNDOQPF 6JQORUQP KP 'UUC[U   4QDKPUQP 5GJTUEJÌP

403









404



406

405

Õ6GVTCFTCEJOGX%JT.CORUCMQUI#NGZCPFGTMQRHTOKV&KCFGOWPF#OOQPU JQTP#VJGPC 0KMGRJQTQU UKV\V N FCXQT *GTOG WPF /QPQITCOO 6JQORUQP KP 'UUC[U 4QDKPUQP    5GJTUEJÌP



Õ6GVTCFTCEJOGX%JT/CIPGUKCCF/CGCPFTWOI#NGZCPFGTMQRHTOKV&KCFGO WPF #OOQPUJQTP#VJGPC 0KMGRJQTQU UKV\V N FCXQT (CEMGN KO #DUEJPKVV /·CPFGT 6JQORUQP KP   'UUC[U4QDKPUQP #VVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT



Õ6GVTCFTCEJOGX%JT/CIPGUKCCF/CGCPFTWOI#NGZCPFGTMQRHTOKV&KCFGO WPF #OOQPUJQTP#VJGPC 0KMGRJQTQU UKV\V N FCXQT (CEMGN WPF /QPQITCOO KO #DUEJPKVV /·CP   FGT6JQORUQPKP'UUC[U4QDKPUQP 'VYCU(WPFDGNCIUGJTUEJÌP



Õ6GVTCFTCEJOGX%JT5CTFGKUI#NGZCPFGTMQRHTOKV&KCFGOWPF#OOQPUJQTP #VJGPC0KMGRJQTQUUKV\VNFCXQT\YGK/QPQITCOOG6JQORUQPKP'UUC[U4QDKPUQP 5GJTUEJÌP



407

408



Õ6GVTCFTCEJOG  X %JT 5GUVQU  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC0KMGRJQTQUUKV\VNFCXQT$NWOG6JQORUQPKP'UUC[U4QDKPUQP 5GJTUEJÌP





Õ6GVTCFTCEJOG  X %JT 5GUVQU  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC0KMGRJQTQUUKV\VNFCXQT$NWOG6JQORUQPKP'UUC[U4QDKPUQP  -N2TÒHURWTCO4CPFUGJTUEJÌP



54


410

409



Õ6GVTCFTCEJOG  X %JT 2GNNC  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC0KMGRJQTQUUKV\VNFCXQT/QPQITCOOKO#DUEJPKVV-6JQORUQPKP'UUC[U4QDKPUQP 5GJTUEJÌP



2GNNCYCTFKG*CWRVUVCFV/CMGFQPKGPU0CEJFGTªDGTYKPFWPIFGU&GOGVTKQU2QNKQTMGVGUIGNCPIGU.[UKOCEJQU X%JTYGKVG6GKNGFGU.CPFGUGKP\WPGJOGP



Õ6GVTCFTCEJOGPCEJX%JT#KPQUI#NGZCPFGTMQRHTOKV&KCFGOWPF#OOQPUJQTP #VJGPC 0KMGRJQTQU UKV\V N FCXQT -WNVDKNF FGU *GTOGU 2GTRJGTCKQU WPF 6J[TUQU !  /ÒNNGT XGTIN   50)$GTT[50)%QR 44)WVGUUGJTUEJÌP

412 Å

411 Å

1,5:1

1,5:1





1,5:1

1,5:1

Ô5VCVGT RQUVJWO -CNNCVKU  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP#VJGPC 0KMG   RJQTQUUKV\VN/ÒNNGT50)%QR6JQORUQPKP'UUC[U4QDKPUQP 8QT\ÒINKEJGU2TCEJVGZGORNCT  'KP#NGZCPFTGKGTCWU-CNNCVKUIGRT·IVGVYCX%JT\GKIV·JPNKEJG/QPQITCOOG 2TKEG 



Ô5VCVGTRQUVJWO ! WPDGUVKOOVG/ÒP\UV·VVGI#NGZCPFGTMQRHTOKV&KCFGOWPF#OOQPU JQTP#VJGPC0KMGRJQTQUUKV\VN/ÒNNGT50)%QR6JQORUQPKP'UUC[U4QDKPUQP  -N-TCV\GTXQT\ÒINKEJ 

413



414

415

Õ6GVTCFTCEJOG RQUVJWO .[UKOCEJKC  I #NGZCPFGTMQRH T OKV &KCFGO WPF #OOQPUJQTP   #VJGPC0KMGRJQTQUUKV\VNFCXQT/QPQITCOOKO#DUEJPKVV/QPQITCOOWPF.ÌYGPMQRH/ÒNNGT 50)$GTT[50)%QR .GKEJVTCWJG1DGTHN·EJGCWHFGT8QTFGTUGKVGIWVGUUGJTUEJÌP





Õ6GVTCFTCEJOGRQUVJWO.[UKOCEJKCI#NGZCPFGTMQRHTOKV&KCFGOWPF#OOQPUJQTP#VJG PC0KMGRJQTQUUKV\VNFCXQT/QPQITCOO/ÒNNGT50)$GTT[50)%QR )WVGUUGJTUEJÌP





Õ6GVTCFTCEJOG RQUVJWO !  WPDGMCPPVG /ÒP\UV·VVG  I #NGZCPFGTMQRH T OKV &KCFGO WPF   #OOQPUJQTP#VJGPC0KMGRJQTQUUKV\VNFCXQTWPFKO#DUEJPKVVLGGKP/QPQITCOO/ÒNNGT50) %QR6JQORUQPKP'UUC[U4QDKPUQP 5GJTUEJÌP

 55


/#%'&10+#

417

416

418

1,5:1

1,5:1

1,5:1

1,5:1

1,5:1



70$'-#006'/ª0<5666'Õ1DQNWOX%JTI-TGDU+PEWUWO50)#05 5XQTQPQU2N:8 445GJTUEJÌP





Õ1DQN  ,CJTJWPFGTV X %JT  I #FNGT UVGJV T%JGN[U 5EJKNFMTÌVGPNGKGT  -NGKP  9CI   IQPGT4QUGP%QNN50)#05 445GJTUEJÌP





Õ6GVCTVGOQTKQP  ,CJTJWPFGTV X %JT  I #HHG JQEMV N4WPFUEJKNF -NGKP  9CIIQPGT   4QUGP%QNN50)#05 445GJTUEJÌP



419



1,5:1

420

419

1,5:1

420

#+)#+ Õ6TKJGOKQDQN  X %JT  I <KGIG MPKGV T FCTÒDGT 2WPMV8KGTIGVGKNVGU +PEW   UWO50)#05 5GJTUEJÌP



#KICKYCTFKG·NVGUVGOCMGFQPKUEJG4GUKFGP\WPF$GIT·DPKUUV·VVGFGT-ÌPKIG



#-#06*15 Õ1DQN  ,CJTJWPFGTV X %JT  I 5VKGTMQRH T8KGTIGVGKNVGU +PEWUWO   50)#05XGTIN50)#UJOQNGCP (GKPG2CVKPCUGJTUEJÌP

422







422

421

Õ6GVTCFTCEJOGX%JTI.ÌYGTUEJN·IV5VKGTNKO#DUEJPKVV#MCPVJQUDNÒVG8KGT IGVGKNVGU+PEWUWO&GUPGWZ50)#05XGTIN  8QTFGTUGKVGMNGKPGT5EJTÌVNKPIUHGJNGTCO4CPFUGJTUEJÌP Õ6GVTQDQN  X %JT  I 5VKGTRTQVQOG N \WTÒEMDNKEMGPF FCTÒDGT #8KGTIGVGKNVGU +P   EWUWO50)#0550)%QR 5GJTUEJÌP

 

423



$+5#.6#+ Õ1MVQFTCEJOG PCEJ  X%JTI*GTQUOKV2GVCUQUWPF.CP\GPUVGJVJCNDT JKPVGTGKPGO2HGTF8KGTIGVGKNVGU+PEWUWO#/0) UVGORGNINGKEJ  45GJTUEJÌP  &GT *GTQU KUV 4JGUQU FGT 5QJP FGU 5VT[OQP -ÌPKI FGT 6JTCMGT 'T M·ORHVG XQT +NKQP HÒT FKG 6TQKCPGT WPF   YWTFGFWTEJ1F[UUGWUWPF&KQOGFGUIGVÌVGV *QOGT+NKCU$WEJWPF'WTKRKFGU4JGUQU 

424

1,5:1

424

425

1,5:1

425



'+10Õ6TKJGOKQDQN,CJTJWPFGTVX%JTI)CPUUVGJVT\WTÒEMDNKEMGPF8KGTIGVGKNVGU+P EWUWO50)#0550)%QR )WVGUUGJTUEJÌP





Õ&KQDQN WO  X %JT  I )CPU UVGJV T \WTÒEMDNKEMGPF8KGTIGVGKNVGU +PEWUWO 50)   #0550)%QR )WVGUUGJTUEJÌP



56


426

428

1,5:1

1,5:1

427

1,5:1



.'6' !  Õ 5VCVGT  ,CJTJWPFGTV X %JT  I 5CV[T JQEMV T FCXQT 2WPMV8KGTIGVGKNVGU   +PEWUWO50)#05 5GJTUEJÌP



/'0&' Õ6GVTCFTCEJOG  X %JT  I &KQP[UQU OKV -CPVJCTQU CWH 'UGN T WPVGP   9GKPVTCWDG+P+PEWUWO9GKPUVQEMKP.KPKGPSWCFTCV#/0)50)#05XGTIN  4ÒEMUGKVGNGKEJVMQTTQFKGTVUGJTUEJÌP 



Õ6TKVCTVGOQTKQPX%JTI'UGNUVGJVT-T·JGUVGJVT50)#05

5GJTUEJÌP





429 1,5:1

1,5:1

430



0'#21.+5Õ1DQNX%JTI)QTIQPGKQP8KGTIGVGKNVGU+PEWUWO50)#05XGTIN 4GXGTUOKPKOCNMQTTQFKGTVXQT\ÒINKEJ



1.;06*15 %JCNMKFKUEJGT $WPF Õ6GVTCFTCEJOG  X %JT  I #RQNNQMQRH T OKV   .QTDGGTMTCP\-KVJCTC50)#05 )WVGUUGJTUEJÌP 



&GT EJCNMKFKUEJG $WPF GKP <WUCOOGPUEJNW­ FGT 5V·FVG CWH FGT %JCNMKFKMG YWTFG  IGITÒPFGV  X %JT   YWTFG1N[PVJQUFCUUKEJOKV#VJGPXGTDÒPFGVJCVVGXQP2JKNKRRQU++XQP/CMGFQPKGP\GTUVÌTV

432

431

433

1,5:1

1,5:1



Õ6GVTCFTCEJOG  X %JT  I #RQNNQMQRH T OKV .QTDGGTMTCP\-KVJCTC 50) #05   XGTIN 'VYCUTCWG1DGTHN·EJGIWVGUUGJTUEJÌP 



Õ&KQDQNX%JTI#RQNNQMQRHT&TGKHW­50)#05  .GKEJVGT(WPFDGNCIUGJTUEJÌP



5'4/;.'Õ6GVTQDQNHTÒJGU,CJTJWPFGTVX%JTI4GKVGTNOKVGTJQDGPGO5RGGT8KGT IGVGKNVGU+PEWUWO50)#0550)#UJOQNGCP 44-QTTQFKGTVUEJÌPUGJTUEJÌP

 

*GTQFQV 8++   GTY·JPV 5GTO[NG DGK FGT $GUEJTGKDWPI FGU 9GIGU FGP FKG (NQVVG FGU :GTZGUX%JTPCEJ 5ÒFGPPCJO

434 1,5:1

436

435 1,5:1

1,5:1

1,5:1

1,5:1

1,5:1



5-+10'Õ*GOKQDQNX%JTI/·PPGTMQRHT+P+PEWUWO#WIG50)#05 45GJTUEJÌP





Õ1DQN WO  X %JT  I ,ÒPINKPIUMQRH T+O +PEWUWO MQTKPVJKUEJGT *GNO T -NGKP    50)#059CIIQPGT4QUGP%QNN 45GJTUEJÌP



5MKQPGYCT/KVINKGFFGUCVVKUEJGP5GGDWPFGUX%JTTGDGNNKGTVG5MKQPGIGIGP#VJGP\YGK,CJTGUR·VGTYWT FGFKG5VCFVXQPFGP#VJGPGTPXÌNNKI\GTUVÌTV+PFKGUGTMWT\GP5RCPPGOW­WPUGTG/ÒP\GIGRT·IVYQTFGPUGKP



6*'4/# Õ*GOKQDQN  X %JT  I 2GICUWURTQVQOG T8KGTIGVGKNVGU +PEWUWO 50)   #05 45GJTUEJÌP

 57


437 1,5:1

1,5:1

439

438



64#)+.15 Õ*GOKQDQN  X %JT  I JTG8KGTIGVGKNVGU +PEWUWO FCTKP 'VJPKMQP   50)#05 5GJTUEJÌP





-¤0+)4'+%*#NGZCPFGT+X%JTÕ&TCEJOGX%JTI-TKGIGTUVGJVT OKV\YGK5RGGTGPFCXQTUVGJV2HGTFT8KGTIGVGKNVGU+PEWUWO50)#05  44/KP4CPFTK­UGJTUEJÌP



Õ6GVTQDQNX%JTI2HGTFT+P+PEWUWO*GNO4C[OQPFXGTIN (CUVUGJTUEJÌP





440



441

#TEJGNCQU+X%JTÕ&KFTCEJOGI#RQNNQMQRHT2HGTFTKO.KPKGPSWCFTCV50) #05 'VYCUQZ[FKGTVUGJTUEJÌP



'ZGORNCTFGT#WMVKQP-TKEJGNFQTH5VWVVICTV0T



2JKNKRRQU++X%JTÕ6GVTCFTCEJOGX%JT#ORJKRQNKUI<GWUMQRHT OKV.QTDGGTMTCP\4GKVGTNFCTWPVGT-GWNG.G4KFGT2N 42TÒHGKPJKGDUGJTUEJÌP

444 Å

443

442



1,5:1 1,5:1



Õ6GVTCFTCEJOG  X %JT #ORJKRQNKU  I <GWUMQRH T OKV .QTDGGTMTCP\4GKVGT T   .G4KFGT2N 5GJTUEJÌP





Õ6GVTCFTCEJOG  X %JT #ORJKRQNKU  I <GWUMQRH T OKV .QTDGGTMTCP\4GKVGT T   WPVGP5EJKHHUJGEM.G4KFGT2N 8QTFGTUGKVGOKPMQTTQFKGTVUGJTUEJÌP





Ô5VCVGT  X %JT #ORJKRQNKU  I #RQNNQMQRH T OKV .QTDGGTMTCP\0KMG KP $KIC T   $GK\-GT[MGKQP.G4KFGT2N 2TCEJVGZGORNCT8QT\ÒINKEJp5VGORGNINCP\ 

445 Å

1,5:1

446 Å

1,5:1



Ô5VCVGTX%JT2GNNCI#RQNNQMQRHTOKV.QTDGGTMTCP\0KMGKP$KICTWPVGP&TGK \CEM.G4KFGT2N )WVGUUGJTUEJÌP



Ô5VCVGTRQUVJWOX%JT2GNNCI#RQNNQMQRHTOKV.QTDGGTMTCP\0KMGKP$KICT WPVGP&TGK\CEM.G4KFGT 8QT\ÒINKEJ  'ZGORNCTFGT#WMVKQP*GKP\9/ÒNNGT-ÌNP0T

58




447 Å

448

449



Ô5VCVGT RQUVJWO  X %JT 2GNNC  I #RQNNQMQRH T OKV .QTDGGTMTCP\$KIC T FCT   WPVGTHNKGIV0KMGT.G4KFGTXGTIN 5GJTUEJÌP 



Õ6GVTCFTCEJOG RQUVJWO  X %JT #ORJKRQNKU  I <GWUMQRH T4GKVGT T FCTWPVGT   #RJNCUVQP.G4KFGTRN 8QNN\GPVTKGTVGUUVGORGNIN·P\GPFGU2TCEJVGZGORNCT





Õ6GVTCFTCEJOG RQUVJWO  X %JT #ORJKRQNKU  I <GWUMQRH T4GKVGT T FCTWPVGT   #RJNCUVQP.G4KFGTRN 5EJÌPG6ÌPWPIXQT\ÒINKEJ



451

450

452

453

454



Õ6GVTCFTCEJOGRQUVJWOX%JT#ORJKRQNKUI<GWUMQRHTOKV.QTDGGTMTCP\4GK VGTTWPVGPNWPF/QPQITCOO.G4KFGT2N 5GJTUEJÌPXQT\ÒINKEJ





Õ6GVTCFTCEJOGRQUVJWOX%JT#ORJKRQNKUI<GWUMQRHTOKV.QTDGGTMTCP\4GK VGTTOKV<YGKIWPVGP<YGKIWPF/QPQITCOO.G4KFGT2N UVGORGNINGKEJ  )WVGUUGJTUEJÌP





Õ6GVTCFTCEJOG RQUVJWO  X %JT #ORJKRQNKU  I <GWUMQRH T4GKVGT T FCTWPVGT   #RJNCUVQP.G4KFGTRN /KP5EJÒTHURWTCWHFGO4GXGTUUQPUVMPCRRXQT\ÒINKEJ





Õ6GVTCFTCEJOGRQUVJWOX%JT#ORJKRQNKUI<GWUMQRHTOKV.QTDGGTMTCP\4GK VGTTOKV<YGKIWPVGP#RJNCUVQPWPFP.G4KFGT2N 5GJTUEJÌP





Õ6GVTCFTCEJOGRQUVJWOX%JT#ORJKRQNKUI<GWUMQRHTOKV.QTDGGTMTCP\4GK VGTTFCTWPVGTJTG.G4KFGT2N 2TÒHGKPJKGDUGJTUEJÌP



455

456

457

458

459 Å



Õ6GVTQDQN RQUVJWO  X %JT #ORJKRQNKU  I #RQNNQMQRH T OKV 6CGPKG4GKVGT T   WPVGP<YGKI50)#05 (CUVXQT\ÒINKEJ





Õ6GVTQDQN RQUVJWO  X %JT #ORJKRQNKU  I #RQNNQMQRH T OKV 6CGPKG4GKVGT T   WPVGP5EJKNFKP5GKVGPCPUKEJV50)#05 .GKEJVFG\GPVTKGTVUGJTUEJÌP





Õ6GVTQDQN RQUVJWO  X %JT #ORJKRQNKU  I #RQNNQMQRH T OKV 6CGPKG4GKVGT T   FCTWPVGT*CNDOQPF ! .G4KFGTXGTIN2N 5GJTUEJÌP





#NGZCPFGT +++  X %JT Õ&TCEJOG  X %JT 5CTFGKU  I *GTCMNGUMQRH KO   .ÌYGPHGNNT<GWU#GVQRJQTQUUKV\VNFCXQT$KGPGWPVGTFGO6JTQP/QPQITCOO2TKEG  8QT\ÒINKEJ





Ô5VCVGTX%JT5CNCOKU %[RTWU I#VJGPCMQRHTKPMQTKPVJKUEJGO*GNO0KMGUVGJVN OKV-TCP\WPF5V[NKUFCXQT#FNGTN2TKEG )WVGUUGJTUEJÌP

 59


461 1,5:1

460

1,5:1



Õ6GVTCFTCEJOG  X %JT /GORJKU  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU #GVQ   RJQTQUUKV\VNFCXQT9KFFGTMQRHOKV+UKUMTQPG2TKEG 4UOKPMQTTQFKGTVHCUVXQT\ÒINKEJ





Õ1DQN  X %JT 5KFQP  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU #GVQRJQTQU UKV\V N   2TKEG 445GJTUEJÌPXQT\ÒINKEJ



462 Å

464 Å

463 Å

465 Å



Ô5VCVGT  X %JT #ORJKRQNKU  I #VJGPCMQRH T KP MQTKPVJKUEJGO *GNO0KMG UVGJV N   OKV-TCP\WPF5V[NKUFCXQTDQKQVKUEJGT5EJKNF2TKEG 5GJTUEJÌP 



Ô5VCVGT  X %JT #ORJKRQNKU  I #VJGPCMQRH T KP MQTKPVJKUEJGO *GNO0KMG UVGJV N   OKV-TCP\WPF5V[NKUFCXQT$NKV\2TKEG -NGKPGT4CPFHGJNGTUGJTUEJÌP  'ZGORNCTFGT#WMVKQP-TG­/ÒPEJGP0T



Ô5VCVGTX%JT.CORUCMQUI#VJGPCMQRHTKPMQTKPVJKUEJGO*GNO0KMGUVGJVNOKV -TCP\WPF5V[NKUFCXQT\YGKXGTGKPVG2HGTFGRTQVQOG2TKEG (CUUWPIUURWTGP!8QT\ÒINKEJ





Ô5VCVGTX%JT.CORUCMQUI#VJGPCMQRHTKPMQTKPVJKUEJGO*GNO0KMGUVGJVNOKV -TCP\WPF5V[NKUFCXQT\YGKXGTGKPVG2HGTFGRTQVQOG2TKEG  -TCV\GTCWHFGT8QTFGTUGKVGUGJTUEJÌP



467

466



Õ6GVTCFTCEJOG  X %JT #TCFQU  I *GTCMNGUMQRH  KO .ÌYGPHGNN T<GWU #GVQ   RJQTQUUKV\VN2TKEG 5GJTUEJÌP





Õ6GVTCFTCEJOG  X %JT .CORUCMQU  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU #GVQ   RJQTQUUKV\VNFCXQTUVGJV&GOGVGTXXOKV\YGK(CEMGNPWPVGTFGO6JTQP/QPQITCOO2TKEG (GKPGT5VKNYKP\-TCV\GTCWHFGT8QTFGTUGKVGHCUVXQT\ÒINKEJ



469 Å

468

470 Å



Õ6GVTCFTCEJOGX%JT6CTUQUI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQRJQTQU UKV\VNFCXQT2HNWI2TKEG )WVGUUGJTUEJÌP





Ô5VCVGT,CJT X%JT 5KFQPI#VJGPCMQRHT0KMGUVGJVNOKV-TCP\WPF5V[NKU FCXQT<YGKIWPFSI2TKEG 448QT\ÒINKEJp5VGORGNINCP\





Ô5VCVGTRQUVJWOX%JT/KNGVI#VJGPCMQRHTKPMQTKPVJKUEJGO*GNO0KMGUVGJVN OKV-TCP\WPF5V[NKUFCXQT/QPQITCOO2TKEG 8QT\ÒINKEJ



60


471 Å

1,5:1

472 Å 1,5:1



Ô5VCVGT RQUVJWO  X %JT /KNGV  I #VJGPCMQRH T KP MQTKPVJKUEJGO *GNO0KMG   UVGJVNOKV-TCP\WPF5V[NKUFCJKPVGT/QPQITCOOWPF&QRRGNCZV2TKEG 5GJTUEJÌP 



Ô5VCVGTRQUVJWOX%JT5CNCOKUI#VJGPCMQRHTKPMQTKPVJKUEJGO*GNO0KMGUVGJV NOKV-TCP\WPF5V[NKUFCXQT4WFGT2TKEG 8QT\ÒINKEJ

474

473

475

477



476



Õ6GVTCFTCEJOG RQUVJWO  X %JT $CD[NQP  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU   #GVQRJQTQUUKV\VNN/CWHFGO6JTQPLU2TKEG 5GJTUEJÌP





Õ6GVTCFTCEJOGRQUVJWOX%JT/GORJKUI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU #GVQRJQTQUUKV\VNFCXQT$NKV\WPVGTFGO6JTQPDI2TKEG  )TCHHKVKCWHFGO4GXGTUIWVGUUGJTUEJÌP





Õ6GVTCFTCEJOGRQUVJWOX%JTWPDGMCPPVG/ÒP\UV·VVGI*GTCMNGUMQRHKO.ÌYGP HGNNT<GWU#GVQRJQTQUUKV\VNKO(GNFN#2TKEG (CUVXQT\ÒINKEJ





Õ6GVTCFTCEJOGRQUVJWOWPDGMCPPVG/ÒP\UV·VVGI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQ RJQTQUUKV\VNFCXQT#ORJQTG*GTUJ#FFKVKQPUCPF%QTTGEVKQPUVQ/CTVKP2TKEG U6JG%QKPCIGKPVJG 0COGQH#NGZCPFGTVJG)TGCVCPF2JKNKRR#TTJKFCGWU/ÒNNGT2TKEG 5GJTUEJÌP



Õ&TCEJOGRQUVJWOX%JT-QNQRJQPI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQ RJQTQUUKV\VNFCXQT5VGTPT5RGGTURKV\G2TKEG (CUVXQT\ÒINKEJ





'ZGORNCTFGT#WMVKQP)KGUUGPGT/ÒP\JCPFNWPI/ÒPEJGP0T

478





1,5:1

479 Å

1,5:1

Õ&TCEJOGRQUVJWOX%JT-QNQRJQPI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQ RJQTQU UKV\V N FCXQT *CNDOQPF ÒDGT TI WPVGT FGO 6JTQP P *GTUJ #FFKVKQPU CPF %QTTGEVKQPU VQ    /CTVKP2TKEG U6JG%QKPCIGQH#NGZCPFGTVJG)TGCVCPF2JKNKRR#TTJKFCGWU/ÒNNGT2TKEG  (CUVXQT\ÒINKEJ



Ô5VCVGT RQUVJWO  X %JT 5KFQP  I #VJGPCMQRH T0KMG UVGJV N OKV -TCP\ WPF   5V[NKUFCXQT62TKEG 8QT\ÒINKEJGU2TCEJVGZGORNCT  61


484

480

481

483

482 1,5:1

484



Õ6GVTCFTCEJOGX%JT#MG2VQNGOCKUI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQ RJQTQUUKV\VN2TKEG -N-TCV\GTCWHFGO#XGTUUGJTUEJÌP





Õ6GVTCFTCEJOG RQUVJWO  X %JT $CD[NQP  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU   #GVQRJQTQUUKV\VNFCXQT/QPQITCOOWPVGP/+2TKEG  8QTFGTUGKVGOKPMQTTQFKGTVUQPUVCVVTCMVKXGU'ZGORNCTUGJTUEJÌPpXQT\ÒINKEJ





Õ6GVTCFTCEJOG RQUVJWO  X %JT -QTKPVJ  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU   #GVQRJQTQUUKV\VNFCXQT#VJGPCHCUVXXWPVGTFGO6JTQPOLU2TKEG  5GNVGPDGUQPFGTUKPFKGUGT'TJCNVWPI8QT\ÒINKEJp5VGORGNINCP\





Õ6GVTCFTCEJOGRQUVJWOX%JT-QTKPVJI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQ RJQTQUUKV\VNFCXQT&TGKHW­WPVGTFGO6JTQPDO2TKEG )WVGUUGJTUEJÌP



'ZGORNCTFGT#WMVKQP)TÒP*GKFGNDGTI0T



Õ1DQN RQUVJWO  X %JT 'MDCVCPC  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU #GVQ   RJQTQU UKV\V N *GTUJ #FFKVKQPU CPF %QTTGEVKQPU VQ /CTVKP , 2TKEGyU 6JG %QKPCIG KP VJG PCOG QH   #NGZCPFGTVJG)TGCVCPF2JKNKR#TTJKFCGWU-NGKP2TKEG50)6ÒDKPIGP 5GJTUEJÌP



&KG<WYGKUWPI\W'MDCVCPCKUVPKEJVIGUKEJGTV

486

485



Õ6GVTCFTCEJOG RQUVJWO  X %JT /[NCUC  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU   #GVQRJQTQUUKV\VNFCXQT&QRRGNCZV2TKEG 8QT\ÒINKEJ



Õ6GVTCFTCEJOGRQUVJWOX%JT.CORUCMQUI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU #GVQRJQTQUUKV\VNFCXQT/QPQITCOOWPVGTFGO6JTQP&GNRJKPT2TKEG  #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC



'ZGORNCTFGT#WMVKQP/ÒP\JCPFNWPI$CUGN$CUGN0T

488







487 Å 489

2JKNKRRQU+++X%JTÔ5VCVGTX%JT#D[FQUI#VJGPCMQRHTKPMQTKPVJK UEJGO*GNO0KMGUVGJVNOKV5V[NKUWPF<YGKIFCXQT(ÒNNJQTP2TKEG2  -N2TÒHURWTCO4CPFUGJTUEJÌP



Õ6GVTCFTCEJOGX%JT#TCFQUI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQRJQTQU UKV\VNFCXQT/QPQITCOOKP-TGKUÒDGT/QPQITCOO2TKEG2 .GKEJVDCTDCTKUKGTVUGJTUEJÌP



'ZGORNCTFGT#WMVKQP*KTUEJ0CEJH/ÒPEJGP0T



62

Õ6GVTCFTCEJOGX%JT$CD[NQPI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQRJQTQU UKV\VNFCXQT4CFWPF/QPQITCOOWPVGTFGO6JTQP/QPQITCOO2TKEG2  8QTFGTUGKVGOKPFG\GPVTKGTVXQT\ÒINKEJ




491

492 Æ

490



Õ6GVTCFTCEJOG  X %JT $CD[NQP  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU #GVQRJQ   TQUUKV\VNFCXQT*GNKQUMQRHXXWPVGTFGO6JTQP-;2TKEG2 5GJTUEJÌPpXQT\ÒINKEJ





Õ&TCEJOGX%JT5CTFGKUI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQRJQTQUUKV\VN FCXQT5VGTPÒDGTTI2TKEG2 (CUVXQT\ÒINKEJ





-CUUCPFTQU  X %JT “U XQT  X %JT  I *GTCMNGUMQRH KO .ÌYGPHGNN T.ÌYG   NKGIVT50)%QRXGTINHH 4&WPMGNITÒPG2CVKPCHCUVXQT\ÒINKEJ



493



494

&GOGVTKQU2QNKQTMGVGUX%JTÕ6GVTCFTCEJOGX%JT#ORJKRQNKUI0KMG OKV5CNRKPZ 6TQORGVGP·JPNKEJGU+PUVTWOGPV NCWH2TQTC2QUGKFQPUVGJVNOKV&TGK\CEMFCXQT&TGK HW­0GYGNN 8QT\ÒINKEJGU2TCEJVGZGORNCT  &KG&CTUVGNNWPICWHFGT8QTFGTUGKVGGTKPPGTVCPFKG0KMGXQP5COQVJTCMGKO.QWXTG



Õ6GVTCFTCEJOGX%JT2GNNCI0KMGOKV5CNRKPZ 6TQORGVGP·JPNKEJGU+PUVTWOGPV N CWH2TQTC2QUGKFQPUVGJVNOKV&TGK\CEMFCJKPVGT&GNRJKPWPF5VGTP0GYGNN  .GKEJVMQTTQFKGTVUGJTUEJÌP



&KG&CTUVGNNWPICWHFGT8QTFGTUGKVGGTKPPGTVCPFKG0KMGXQP5COQVJTCMGKO.QWXTG

495



496

497

498

Õ6GVTCFTCEJOGX%JT&GOGVTKCUI-QRHTOKV&KCFGOWPF5VKGTJQTP2QUGKFQP UVGJVNOKV&TGK\CEM(W­CWH(GNUGP0GYGNN (CUVUGJTUEJÌP



&GOGVTKQU HÒJNVG UKEJ CNU 5QJP FGU 2QUGKFQP WPF VT·IV FCJGT CWH FKGUGT 6GVTCFTCEJOG FKG *ÌTPGT XQP 2QUGKFQPU   5VKGT &GOGVTKCU KUV GKPG )TÒPFWPI FGU &GOGVTKQU KP 6JGUUCNKGP WPF YCT GKPG FGT UV·TMUVGP (GUVWPIGP KP FGT   #PVKMG



Õ6GVTCFTCEJOG  X %JT 6[TQU  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU #GVQRJQTQU   UKV\VNFCXQT-GWNGWPF'0GYGNN 445GJTUEJÌP





Õ6GVTCFTCEJOG  X %JT 6[TQU  I *GTCMNGUMQRH KO .ÌYGPHGNN T<GWU #GVQRJQTQU   UKV\VNFCXQT-GWNGKP-TGKUWPVGTFGO6JTQP/QPQITCOO0GYGNN  44-PCRRGT5EJTÌVNKPIUGJTUEJÌP



Õ6GVTCFTCEJOGX%JT2GNNCI-QRHTOKV&KCFGOWPF5VKGTJQTP2QUGKFQPUVGJVN OKV&TGK\CEM(W­CWH(GNUGP0GYGNN -PCRRGT5EJTÌVNKPIUGJTUEJÌP





&GOGVTKQU HÒJNVG UKEJ CNU 5QJP FGU 2QUGKFQP WPF VT·IV FCJGT CWH FKGUGT 6GVTCFTCEJOG FKG *ÌTPGT XQP 2QUGKFQPU   5VKGT

63


500 Æ

499 Æ

1,5:1

1,5:1

1,5:1

1,5:1



“U MCTKUEJG /ÒP\UV·VVG  I #VJGPCMQRH T OKV MQTKPVJKUEJGO *GNO2TQTC T FCXQT &QRRGNCZV   #/0)0GYGNN50)%QR (CUVXQT\ÒINKEJ





“U WPDGUVKOOVG /ÒP\UV·VVG  I #EJVUVTCJNKIGT 5VGTP CWH OCMGFQPKUEJGO 5EJKNF/CMGFQPKUEJGT   *GNO\YKUEJGPBA#/0)0GYGNNXCT50)%QR 8QT\ÒINKEJ



502

501





#PVKIQPQU)QPCVCUX%JTÕ6GVTCFTCEJOGI-QRHFGU2CPNCWHOCMGFQPKUEJGO 5EJKNF#VJGPC #NMKFGOQU N OKV 5EJKNF WPF $NKV\ N OCMGFQPKUEJGT *GNO T /QPQITCOO #/0)   XGTIN50)%QR #VVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT #PVKIQPQU&QUQPX%JTÕ6GVTCFTCEJOG2GNNC ! I2QUGKFQPMQRHT#RQNNQUKV\V NCWH2TQTCOKV$QIGP/GTMGTKP#05/0+:5 #VVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT

 

.CWV/GTMGTHGKGTVFKG4ÒEMUGKVGFGP5GGUKGIFGU&QUQPDGK#PFTQU

503



504

503

Õ6GVTCFTCEJOG 2GNNC !   I 2QUGKFQPMQRH T#RQNNQ UKV\V N CWH 2TQTC OKV $QIGP /GTMGT   KP#05/0+:5 4GXGTUOKPMQTTQFKGTVFGPPQEJCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT  .CWV/GTMGTHGKGTVFKG4ÒEMUGKVGFGP5GGUKGIFGU&QUQPDGK#PFTQU



2JKNKRRQU 8  X %JT Õ&KFTCEJOG  I -QRH T OKV &KCFGO+O -TCP\ -GWNG N   CW­GP5VGTP#/0)50)#UJOQNGCP 448QT\ÒINKEJGU'ZGORNCTOKVHGKPGT6ÌPWPI  'ZGORNCTFGT#WMVKQP.GW<ÒTKEJ0T

505 Æ

506

505 Æ



“UI*GNKQUMQRHTOKV5VTCJNGPDKPFG$NKV\KP-TCP\#/0)XGTIN50)%QR  &WPMGNITÒPG2CVKPCUGJTUEJÌP



2GTUGWUX%JTÕ6GVTCFTCEJOGX%JTI-QRHTOKV&KCFGO+O-TCP\ #FNGTUVGJVTCWH$NKV\/COTQVJ 5GJTUEJÌPpXQT\ÒINKEJ

64

 




510

509

508

507

Õ6GVTCFTCEJOGX%JTI-QRHTOKV&KCFGO#FNGTUVGJVTCWH$NKV\/COTQVJD *GTXQTTCIGPFGU2QTVT·VXQT\ÒINKEJGU'ZGORNCT



0CEJFGO$GIKPPFGU-TKGIGUIGIGP4QONKG­2GTUGWUFCU)GYKEJVFGT6GVTCFTCEJOGPWOGVYCJGTCDUGV\GP WO)GNF\WIGYKPPGP5QGTMN·TVUKEJFCU)GYKEJVFKGUGUWPFFGTHQNIGPFGPFTGK5VÒEMG



Õ6GVTCFTCEJOGX%JTI-QRHTOKV&KCFGO#FNGTUVGJVTCWH$NKV\/COTQVJD 5GJTUEJÌPpXQT\ÒINKEJ





Õ6GVTCFTCEJOGX%JTI-QRHTOKV&KCFGO#FNGTUVGJVTCWH$NKV\/COTQVJ 5GJTUEJÌP





Õ6GVTCFTCEJOGX%JTI-QRHTOKV&KCFGO#FNGTUVGJVTCWH$NKV\/COTQVJ XGTIN 5GJTUEJÌP



511

512 Æ

513

513



#PQP[OÕ6GVTQDQNX%JT#ORJKRQNKU ! I/CMGFQPKUEJGT5EJKNF/CMGFQPKUEJGT *GNO#/0)50)%QR 5GJTUEJÌP





4¤/+5%*'2418+0<“U,CJTJWPFGTVI0KMGUVGJVNOKV-TCP\WPF2CNO\YGKI/CMG FQPKUEJGT5EJKNF#/0)50)%QR &WPMGNITÒPG2CVKPCHCUVXQT\ÒINKEJ





#GUKNNCU3W·UVQTÕ6GVTCFTCEJOGPCEJX%JT6JGUUCNQPKECI#NGZCPFGTMQRHTFCJKP VGTQ+P-TCP\(KUEWU-GWNGWPF5VWJN$CWUNCWIJ)TWRRG++ 1$   8QNN\GPVTKGTVGU2TCEJVGZGORNCT8QT\ÒINKEJ5VGORGNINCP\



514





515

Õ6GVTCFTCEJOGPCEJX%JT6JGUUCNQPKECI#NGZCPFGTMQRHTFCJKPVGTQ+P-TCP\(KU EWU-GWNGWPF5VWJN$CWUNCWIJ)TWRRG+ 1%4   #XGTUOKPMQTTQFKGTVUQPUVCVVTCMVKXGU'ZGORNCTUGJTUEJÌPXQT\ÒINKEJ



Õ6GVTCFTCEJOGPCEJX%JT6JGUUCNQPKECI#NGZCPFGTMQRHTFCJKPVGTQ+P-TCP\(KU EWU-GWNGWPF5VWJN$CWUNCWIJ)TWRRG8 1  5GJTUEJÌP

 65


516



Õ6GVTCFTCEJOG PCEJ  X %JT 6JGUUCNQPKEC  I #NGZCPFGTMQRH T FCJKPVGT Q+P -TCP\   (KUEWU-GWNGWPF5VWJN$CWUNCWIJ)TWRRG8+ 1$  5GJTUEJÌP



2#'10+#

517



519

518

520

-¤0+)4'+%* .[MMGKQU  X %JT Õ6GVTCFTCEJOG  I #RQNNQMQRH T OKV .QTDGGT   MTCP\*GTCMNGUGTYÒTIVFGPPGOGKUEJGP.ÌYGP#/0)XGTIN50)#05XCT  -NGKPGT5EJTÌVNKPIUHGJNGTXQT\ÒINKEJGU'ZGORNCTOKVHGKPGT6ÌPWPI





Õ6GVTCFTCEJOGI#RQNNQMQRHNOKV.QTDGGTMTCP\*GTCMNGUGTYÒTIVFGPPGOGKUEJGP.ÌYGP #/0)50)#05 -WTKQUGT5VGORGNHGJNGTUGJTUEJÌPGU'ZGORNCT





Õ6GVTCFTCEJOG  I <GWUMQRH T*GTCMNGU GTYÒTIV FGP PGOGKUEJGP .ÌYGP #/0)  50)   #05 .GKEJVFG\GPVTKGTVXQT\ÒINKEJ





2CVTCQUX%JTÕ6GVTCFTCEJOGI#RQNNQMQRHTOKV.QTDGGTMTCP\4GKVGTTGTUVKEJV IGUVÒT\VGP)GIPGTN-CPVJCTQU50)#05 (CUVXQT\ÒINKEJGU'ZGORNCT



6*'55#.+#

522

521 Æ



-4#0010“UX%JTI4GKVGTT*[FTKCCWH9CIGP50)%QR50)'XGNRKFKU  )TÒPG2CVKPCIWVGUUGJTUEJÌP



&KG *[FTKC CWH 9CIGP UVGJV HÒT FGP 9WPUEJ PCEJ 4GIGP $GK ITQ­GT 6TQEMGPJGKV YWTFG FGT 9CIGP FWTEJ FKG   5VTC­GPIG\QIGPWPFFCOKV<GWUWO4GIGPIGDGVGP



.#/+#Õ*GOKFTCEJOGX%JTI&KQP[UQUMQRHNOKV'HGWMTCP\#ORJQTGT2TQ EJQWU50)%QR /KPMQTTQFKGTVUGJTUEJÌP



'ZGORNCTFGT#WMVKQP-TKEJGNFQTH5VWVVICTV0T

1,5:1

523

1,5:1

524



Õ1DQN  X %JT  I &KQP[UQUMQRH N OKV 'HGWMTCP\#ORJQTG T 2TQEJQWU )GH·­    50)%QR 5GJTUEJÌP





.#4+55# Õ&TCEJOG  X %JT  I 5\GPG CWU FGT 6CWTQMCVJCRUKC UVKGTD·PFKIGPFGT   ,ÒPINKPI2HGTFURTKPIVT*GTTOCPP6H+++HH 5GJTUEJÌP



&KG 6CWTQMCVJCRUKGP 5VKGTURKGNG VJGUUCNKUEJGP 7TURTWPIU YCTGP UR·VGT ÒDGT FKG ICP\G ITKGEJKUEJG 9GNV XGTDTGKVGV   5KGIGJGPXGTOWVNKEJCWHOKPQKUEJG9WT\GNP\WTÒEM

66


525

1,5:1

526

1,5:1

1,5:1

1,5:1



Õ1DQNX%JTI5VKGTMQRHN+P+PEWUWO2HGTFGMQRHT*GTTOCPP6H+  -NGKPGT5VGORGNCWUDTWEJCWHFGO4GXGTUUGJTUEJÌP





Õ&TCEJOGX%JTI0[ORJGPMQRHN2HGTFURTKPIVT*GTTOCPP6H+8  *GTTNKEJG6ÌPWPIGNGICPVGT5VKNXQT\ÒINKEJpUVGORGNHTKUEJ



527

529

528

530



Õ&TCEJOGX%JTI0[ORJGPMQRHHCUVXX2HGTFITCUVT*GTTOCPP6H8HH  (GKPGT5VKN)TCHHKVQ#CWHFGO4GXGTUXQT\ÒINKEJ





Õ&TCEJOG  X %JT  I 0[ORJGPMQRH HCUV X X2HGTF WPF (QJNGP T *GTTOCPP 6H   8+HH 5GJTUEJÌP



'ZGORNCTFGT#WMVKQP-WTRH·N\KUEJG/ÒP\JCPFNWPI/CPPJGKO0T



Õ&KQDQNX%JTI0[ORGPMQRHHCUVXX2HGTFITCUVTWPVGP/*GTTOCPP6H8 445GJTUEJÌP





Õ&KQDQN ! X%JTI0[ORJGPMQRHHCUVXX2HGTFITCUVT*GTTOCPP6H8 .GKEJVMQTTQFKGTVUGJTUEJÌP



'ZGORNCTFGT#WMVKQP-WTRH·N\KUEJG/ÒP\JCPFNWPI/CPPJGKO0T

532 Æ

531

1,5:1

1,5:1



Õ&TCEJOGX%JTI0[ORJGPMQRHHCUVXX2HGTFITCUVT*GTTOCPP6H8++ 8QT\ÒINKEJ





“U PCEJ  X %JT  I *GTCMNGU !  UKV\V N OKV GTJQDGPGO TGEJVGP #TO0[ORJG UVGJV N   50)%QRXGTIN 4&WPMNG2CVKPCUGJTUEJÌP



*GTCMNGUYCTÒDGTUGKPGP5QJP6JGUUCNQUFGT#JPJGTTFGT#NGWCFGPFGT*GTTUEJGTXQP.CTKUUC

533

534

535

536

1,5:1



2*#4-#&10 Õ1DQN WO  X %JT  I 2HGTF T#VJGPC UVGJV N OKV .CP\G FCJKPVGT   4WPFUEJKNF$/%/QWUVCMC 45GJTUEJÌP





2*#45#.15Õ*GOKFTCEJOGX%JTI#VJGPCMQRHTOKVCVVKUEJGO*GNO2HGTFG MQRHT.CXXC 8QTFGTUGKVGNGKEJVMQTTQFKGTVIWVGUUGJTUEJÌP





Õ*GOKFTCEJOGX%JTI#VJGPCMQRHTOKVCVVKUEJGO*GNO2HGTFGMQRHT.CXXC 5GJTUEJÌP





Õ*GOKFTCEJOGX%JTI#VJGPCMQRHNOKVCVVKUEJGO*GNO2HGTFGMQRHT.CXXC 4.GKEJVMQTTQFKGTVUGJTUEJÌP

 67


537 Æ



539

1,5:1

538

1,5:1

2*'4#+#NGZCPFGTX%JT“UI5VKGTRTQVQOGT2HGTFGRTQVQOGT50)%QR 445EJYCT\G2CVKPCHCUVXQT\ÒINKEJ



#NGZCPFGTXQP2JGTCKYWTFGKPCNNGP'T\·JNWPIGPÒDGTGKPUVKOOGPFCNUFCU/WUVGTGKPGUITCWUCOGPWPFCTIYÌJPK UEJGP 6[TCPPGP DGUEJTKGDGP )GIGP KJP M·ORHVGP OKV O·­KIGO 'THQNI #NGZCPFGT ++ XQP /CMGFQPKGP WPF FKG   6JGDCPGT'RCOGKPQPFCUWPF2GNQRKFCUNGV\VGTGTHKGNDGK-[PQUMGRJCNCK#WEJFGP#VJGPGTPDTCEJVG#NGZCPFGTKP GKPGT5GGUEJNCEJVGKPG0KGFGTNCIGDGK9CUFGP(GKPFGPPKEJVIGNCPIXQNNDTCEJVG#NGZCPFGTU)GOCJNKP6JGDGFKG KJPGTOQTFGPNKG­



5-16755# Õ&TCEJOG  X %JT  I 2HGTFGRTQVQOG N+P +PEWUWO 9GK\GPMQTP   50)%QR 8QPITQ­GT5GNVGPJGKV5GJTUEJÌP 



6*'55#.1+ Õ1DQN  X %JT  I 2HGTFGMQRH T+P +PEWUWO JTG $/% WPVGT   2JGTCK XGTIN50)#UJOQNGCPXGTIN 5GJTUEJÌP

541

540



542



543

544

.+)#  X %JT Õ5VCVGT  X %JT /CIKUVTCVG 6JTCU[NNQU WPF 2CWUC PKCU!   I   -QRH FGU <GWU XQP &QFQPC T OKV 'KEJGPMTCP\#VJGPC +VQPKC UVGJV T OKV 5RGGT WPF 5EJKNF $/%    XCT50)#UJOQNGCP50)%QR 2TCEJVGZGORNCTXQT\ÒINKEJpUVGORGNHTKUEJ



0CEJ FGT 5EJNCEJV DGK -[PQUMGRJCNCK  X %JT DGHTGKVG FGT TÌOKUEJG (GNFJGTT (NCOKPKWU FKG 6JGUUCNGT FKG   UKEJ\WGKPGT.KIC\WUCOOGPUEJNQUUGPWPF\WOKPFGUVGKIGPG/ÒP\GPRT·IGPMQPPVGP







Õ5VCVGTX%JT/CIKUVTCVG5QUKRCVTQUWPF)QTIQRCUI-QRHFGU<GWUXQP&QFQPCT OKV'KEJGPMTCP\#VJGPC+VQPKCUVGJVTOKV5RGGTWPF5EJKNF$/%XGTIN50)#UJOQNGCPXGTIN 50)%QR 8QT\ÒINKEJ



Õ5VCVGTX%JT/CIKUVTCVG5QUKRCVTQUWPF)QTIQRCUI-QRHFGU<GWUXQP&QFQPCT OKV'KEJGPMTCP\#VJGPC+VQPKCUVGJVTOKV5RGGTWPF5EJKNF$/%XGTIN50)#UJOQNGCP 50)%QRXGTIN 5EJÌPG2CVKPCIWVGUUGJTUEJÌP



Õ5VCVGTX%JT/CIKUVTCVG2JKNQPWPF*KRRQNQEJQUI-QRHFGU<GWUXQP&QFQPCT OKV 'KEJGPMTCP\#VJGPC +VQPKC UVGJV T OKV 5RGGT WPF 5EJKNF $/%  50) #UJOQNGCP  50)   %QR (CUVXQT\ÒINKEJ



<WO 0QOKPCN UKGJG (TCPMG <WT %JTQPQNQIKG FGT 5VTCVGIGP WPF FGT /ÒP\RT·IWPI FGU -QKPQP FGT 6JGUUCNGT KP   5EJYGK\GT/ÒP\DN·VVGT5HH 



Õ&TCEJOGX%JT/CIKUVTCVG6+  WPF/#  I#RQNNQMQRHTOKV.QTDGGTMTCP\ #VJGPC +VQPKC UVGJV T OKV 5RGGT WPF 5EJKNF \YKUEJGP \YGK 5VGTPGP $/%  50) #UJOQNGCP    50)%QR 5GJTUEJÌP



'2+475

545 Æ



1,5:1

546 Æ

1,5:1

#/$4#-+# “U  X %JT  I #RQNNQMQRH T OKV .QTDGGTMTCP\<GWU IGJV T OKV $NKV\   WPF#GIKU50)%QR 1NKXITÒPG2CVKPCUGJTUEJÌP



#ODTCMKCYCTGKPGMQTKPVJKUEJG-QNQPKG

 68

'.'#“UX%JTI2GICUWUHNKGIVT&TGK\CEMTJTG(TCPMG  &WPMGNITÒPG2CVKPCUGJTUEJÌP




548 Æ

547 Æ

549 Æ



-#5512'“UX%JTI#RJTQFKVGMQRHTOKV5VGRJCPG+P-TCP\6CWDGN(TCPMG )TÒPG2CVKPCUGJTUEJÌP





/1.1551+“UX%JTI4WPFUEJKNFFCTCWH$NKV\+P-TCP\$NKV\(TCPMGHH  &WPMGNITÒPG2CVKPCUGJTUEJÌP





6*'524161+“UX%JTI2GTUGRJQPGMQRHHCUVXX-GTDGTQUN(TCPMG84 !  8QPITQ­GT5GNVGPJGKV)TÒPG2CVKPCUGJTUEJÌP

550 Æ



551



-¤0+)4'+%*2[TTJQUX%JT“UI-QRHFGU<GWUXQP&QFQPCN$NKV\KP-TCP\ 50)%QR &WPMGNITÒPG2CVKPCUGJTUEJÌP





-1+010 Õ&TCEJOG  X %JT  I -QRH FGU <GWU XQP &QFQPC T OKV 'KEJGPMTCP\   +P'KEJGPMTCP\#FNGTUVGJVTCWH$NKV\(TCPMG 48QT\ÒINKEJGU'ZGORNCTOKVHGKPGT6ÌPWPI



%14%;4#

552





553

%14%;4#Õ5VCVGTX%JTI-WJNU·WIV-CND-TGKUFCTKP\YGKIGVGKNVGU3WC FTCVOKV$NÒVGPOWUVGTN-T1$/%XGTINHH50)%QRXGTIN  #VVTCMVKXGU'ZGORNCTOKVHGKPGT2CVKPCUGJTUEJÌPXQT\ÒINKEJ



Õ&KFTCEJOG  X %JT  I &KQP[UQUMQRH T OKV 'HGWMTCP\2GICUQU T $/%  50)   %QR -N-TCV\GTUGJTUEJÌP



'ZGORNCTFGT#WMVKQP*KTUEJ/ÒPEJGP0T

#%#40#0+#

554



555

556

557

#0#-614+10 Õ5VCVGT  X %JT  I 2GICUWU HNKGIV T#VJGPCMQRH T OKV MQTKPVJK   UEJGO*GNOFCJKPVGT&TGKHW­KP-TCP\WPF/QPQITCOO%CNEKCVK2GICUK  .GKEJVGT&QRRGNUEJNCICWHFGT8QTFGTUGKVGUQPUVXQT\ÒINKEJpUVGORGNHTKUEJ





Õ5VCVGTX%JTI2GICUWUHNKGIVT#VJGPCMQRHTOKVMQTKPVJKUEJGO*GNOFCJKPVGT &TGKHW­KP-TCP\WPF/QPQITCOO%CNEKCVK2GICUK 5GJTUEJÌP





Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGT6J[OKCVGTKQP%CNEKCVK2GICUK (NGEMKIUGJTUEJÌP





Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGT$WMTCPKQP%CNEKCVK2GICUK 5EJTÌVNKPIUHGJNGTCWHFGO#XGTUUGJTUEJÌP

 69


558

559

562

560

561



.'7-#5 Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO   *GNOFCJKPVGT-GT[MGKQP%CNEKCVK2GICUKXGTIN 5GJTUEJÌP





Õ5VCVGTX%JTI2GICUWUHNKGIVN#VJGPCMQRHNOKVMQTKPVJKUEJGO*GNOFCJKPVGT /CUV%CNEKCVK2GICUK 5GJTUEJÌP





6*;44*'+10 Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJK   UEJGO*GNOFCJKPVGT5EJKNF%CNEKCVK2GICUK )WVGUUGJTUEJÌP





Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGTDQKQVKUEJGT5EJKNF%CNEKCVK2GICUK 5GJTUEJÌP



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



.+)#X%JTÕ5VCVGT.GWMCU ! I/CIKUVTCV.[MWTIQUI#PFTQMGRJCNGT 5VKGTMQRHT#RQNNQUKV\VNOKV$QIGP+OJQQH$NWOGT&KG/ÒP\GP#MCTPCPKGPU 5GJTUEJÌP



&GTCPFTQMGRJCNG5VKGTMQRHFGT8QTFGTUGKVGU[ODQNKUKGTVFGP(NW­IQVV#EJGNQQU

#+61.+#

564

563



.KIC  X %JT Õ5VCVGT  I /·PPNKEJGT -QRH T OKV 'KEJGPMTCP\-TKGIGT UVGJV N OKV   5RGGT(W­CWH(GNUGP$/%5EJGWKP0%550)%QR 45GJTUEJÌP



&KGUG 5VCVGTG UKPF PCEJ FGO (W­ XQP %QTE[TC IGRT·IV WPF GPVURTCEJGP XKGT MQTKPVJKUEJGP &TCEJOGP 5EJGW 0%    5  HH  #WU GKPGO $ÒPFPKUXGTVTCI \YKUEJGP #ECTPCPKGP WPF #KVQNKGPCWUFKGUGT<GKVYKUUGPYKTFC­GKP *QRNKV&TCEJOGPCO6CICNU5QNFGTJKGNV



Õ*GOKFTCEJOGI#VCNCPVCMQRHTOKV-CWUKC'DGTTKO#DUEJPKVV5RGGTURKV\G$/%50) %QR 5GJTUEJÌP



.1%4+5

565 1,5:1



70

1,5:1

.1-4+5 12706+# Õ5VCVGT  X %JT  I &GOGVGTMQRH N#LCZ IGJV T OKV   5EJYGTVWPF5EJKNFWPVGPRJT[IKUEJGT*GNO$/%50)%QR50)&GNGRKGTTG  -PCRRGT5EJTÌVNKPIMN-TCV\GTCWHFGO#XGTUIWVGUUGJTUEJÌP 


567

568

566



Õ5VCVGT  X %JT  I &GOGVGTMQRH N#LCZ IGJV T OKV 5EJYGTV WPF 5EJKNF WPVGP   *GNO$/%50)%QR50)&GNGRKGTTG 5GJTUEJÌP





Õ*GOKFTCEJOG  X %JT 1RQWU  I &GOGVGTMQRH N#LCZ IGJV T OKV 5EJYGTV WPF   5EJKNFWPVGP.CP\G$/%50)%QR #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





Õ*GOKFTCEJOG  X %JT 1RQWU  I &GOGVGTMQRH T#LCZ IGJV T OKV 5EJYGTV WPF   5EJKNFWPVGP-CPVJCTQU$/%50)%QR 4GUVGXQP(WPFDGNCIUGJTUEJÌP





1,5:1

569

1,5:1

Õ1DQN  X %JT  I #ORJQTGUVTCJNKIGT 5VGTP $/% XGTIN  HH 50) %QR   XGTINHH 5GJTUEJÌP



2*1%+5

570

1,5:1

1,5:1

1,5:1

571

1,5:1



(¤&'4#6+10Õ1DQNX%JTI5VKGTMQRHXX'DGTRTQVQOGT9KNNKCOU  5GJTUEJÌP





Õ1DQNX%JTI5VKGTMQRHXX'DGTRTQVQOGT9KNNKCOU 14  5GJTUEJÌP



572

1,5:1

 

1,5:1

1,5:1

573

Õ*GOKFTCEJOGX%JTI5VKGTMQRHXX#TVGOKUMQRHT9KNNKCOU Õ1DQNX%JTI5VKGTMQRHXX'DGTRTQVQOGT9KNNKCOUXGTIN

574

1,5:1

5GJTUEJÌP 5GJTUEJÌP

 

575



Õ*GOKFTCEJOGX%JTI5VKGTMQRHXX#TVGOKUMQRHT9KNNKCOUC FKGU'ZGO RNCT  5GJTUEJÌP





Õ*GOKFTCEJOGX%JTI5VKGTMQRHXX#TVGOKUMQRHT9KNNKCOU  .GKEJVFG\GPVTKGTVUGJTUEJÌP



$1'16+#

577



1,5:1

576

1,5:1

577

6#0#)4# Õ1DQN  X %JT  I $QKQVKUEJGT 5EJKNF2HGTFGRTQVQOG N $/%    50)%QR 45GJTUEJÌP



6CPCITCFKGDGFGWVGPFUVG5VCFVKOUÒFÌUVNKEJGP$QKQVKGPYCTDGTÒJOVHÒTKJTG6GTTCMQVVGP FKGDGTÒJOVGP6CPC ITCHKIWTGP KJTG-CORHJ·JPGWPFFGPDGUVGP9GKP$QKQVKGPU



6*'$'0 Õ5VCVGT  X %JT  I $QKQVKUEJGT 5EJKNF&KQP[UQUMQRH T OKV 'HGWMTCP\   $/% 4ÒEMUGKVGNFG\GPVTKGTVUGJTUEJÌPXQT\ÒINKEJ



2CWUCPKCUGTY·JPVGKP&KQP[UQUUVCPFDKNFKP6JGDGP +: 

71


578

1,5:1

1,5:1

579



Õ*GOKFTCEJOG  X %JT  I $QKQVKUEJGT 5EJKNF-CPVJCTQU FCTÒDGT -GWNG $/%    5GJTUEJÌP





-1+010Õ&TCEJOGX%JT6JGDGP ! I&GOGVGTMQRHHCUVXXOKVJTGPMTCP\ 2QUGKFQPUVGJVTOKV&TGK\CEMWPF&GNRJKPFCXQTDQKQVKUEJGT5EJKNF$/% 5GJTUEJÌP



580

581



Õ&TCEJOG  X %JT  I 2QUGKFQPMQRH T OKV .QTDGGTMTCP\0KMG UVGJV N OKV -TCP\   WPF&TGK\CEM$/% )WVGUUGJTUEJÌP





Õ&TCEJOG  X %JT  I 2QUGKFQPMQRH T OKV .QTDGGTMTCP\0KMG UVGJV N OKV -TCP\   WPF&TGK\CEM$/% )WVGUUGJTUEJÌP



'7$1'#

582 Æ 583

1,5:1

1,5:1

584 Æ



%*#.-+5 “U  X %JT  I *GTCMQRH T CWH KQPKUEJGO -CRKVGNN#FNGT T OKV   5EJNCPIG2KECTF'O$5NI$%& FKGU'ZGORNCT  &WPMNG2CVKPCIWVGUUGJTUEJÌP





'4'64+# Õ&TCEJOG  X %JT  I 9GKDNKEJGT -QRH 'WDQKC!  N-WJMQRH KP &TGK   XKGTVGNCPUKEJVT&GNRJKP9CNNCEG #VVTCMVKXGU'ZGORNCTOKVHGKPGT2CVKPCIWVGUUGJTUEJÌP





*+56+#+# “U  X %JT  I 0[ORJGPMQRH T5VKGT UVGJV T FCJKPVGT 9GKPUVQEM 5NI   $%& FKGU'ZGORNCT 50)%QRXGTIN &WPMGNITÒPG2CVKPCUGJTUEJÌP



#66+%#

1,5:1



72

1,5:1

#6*'0 Õ6GVTCFTCEJOG  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO+P +PEW   UWO 'WNG UVGJV T FCJKPVGT 1NKXGP\YGKI 5GNVOCP )TWRRG / 50) /ÒPEJGP XGTIN  5XQTQPQU   XGTIN2N8 +PFKGUGT'TJCNVWPICW­GTQTFGPVNKEJUGNVGP -N5VGORGNDTWEJCWHFGT8QTFGTUGKVGHCUVXQT\ÒINKEJGU'ZGORNCT 

1,5:1



585

586 1,5:1

Õ6GVTCFTCEJOG X%JTI#VJGPCMQRHTOKVCVVKUEJGO*GNO+P+PEWUWO'WNGT FCJKPVGT1NKXGP\YGKIWPF/QPFUKEJGN5VCTT)TWRRG+8XGTIN 14   8QT\ÒINKEJGU2TCEJVGZGORNCTOKVJGTTNKEJGT2CVKPC 


588

587

587

1,5:1



1,5:1

589 1,5:1

1,5:1

1,5:1

Õ&TCEJOG WO  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO+P +PEWUWO 'WNG T   FCJKPVGT1NKXGP\YGKIWPF/QPFUKEJGN  50)/ÒPEJGPXGTINHH  44&WPMGNIGVÌPV4ÒEMUGKVG-TCV\GTGNGICPVGTUR·VCTEJCKUEJGT5VKNIWVGUUGJTUEJÌP



&GT *CNDOQPF MQOOV CWH &TCEJOGP FKGUGT <GKV PKEJV XQT /ÌINKEJGTYGKUG NKGIV JKGT GKP (GJNGT FGU 5VGO   RGNUEJPGKFGTUXQT



Õ1DQN  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO+P +PEWUWO 'WNG T FCJKPVGT   1NKXGP\YGKI50)/ÒPEJGPHH5XQTQPQU .GKEJVFG\GPVTKGTVHCUVUGJTUEJÌP





Õ1DQN  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO+P +PEWUWO 'WNG T FCJKPVGT   1NKXGP\YGKI50)/ÒPEJGPHH 5GJTUEJÌP



#TKUVQRJCPGUUEJTGKDVKPFGP8ÌIGNP&GPPYGTFGPGWEJ FKG#VJGPGT FKG'WNGPPKGXGTNCUUGPFKGXQP.CW TKQP 0GKP UKG YGTFGP UKEJ JKGT PKGFGTNCUUGP WPF KP FGP $ÌTUGP GKPPKUVGP WO CWU\WDTÒVGP MNGKPGU 9GEJUGNIGNF   &GT1DQNUKGJVCWUYKGGKPG/KPKCVWTVGVTCFTCEJOG

590



591

592

Õ6GVTCFTCEJOG WO  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO'WNG T FCJKPVGT   1NKXGP\YGKIWPF/QPFUKEJGN5VCTTXGTIN2N::+++ -N2TÒHGKPJKGDUGJTUEJÌPpXQT\ÒINKEJ



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



Õ6GVTCFTCEJOG WO  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO'WNG T FCJKPVGT   1NKXGP\YGKIWPF/QPFUKEJGN5VCTTXGTIN2N::++ 5GJTUEJÌP





Õ6GVTCFTCEJOG WO  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO'WNG T FCJKPVGT   1NKXGP\YGKIWPF/QPFUKEJGN5VCTTXGTIN2N::++  8QTFGTUGKVGOKPKOCNMQTTQFKGTVUGJTCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT0T

593 1,5:1



1,5:1

Õ6GVTCFTCEJOG WO  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO+P +PEWUWO 'WNG   TFCJKPVGT1NKXGP\YGKIWPF/QPFUKEJGN5VCTTXGTIN2N::++  8QT\ÒINKEJGU2TCEJVGZGORNCTOKVJGTTNKEJGT6ÌPWPI  73


595

594

597

596

598



ร•6GVTCFTCEJOG WO  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO'WNG T FCJKPVGT   1NKXGP\YGKIWPF/QPFUKEJGN5VCTTXGTIN2N::+++ 7PTGIGNOยทยญKIGT5EJTรŒVNKPIUGJTUEJรŒP



ร•6GVTCFTCEJOG WO  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO'WNG T FCJKPVGT   1NKXGP\YGKIWPF/QPFUKEJGN5VCTTXGTIN2N::+++ 2Tร’HGKPJKGDUGJTUEJรŒP





ร•6GVTCFTCEJOG WO  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO'WNG T FCJKPVGT   1NKXGP\YGKIWPF/QPFUKEJGN5VCTTXGTIN2N::+++  2Tร’HRWP\GPWPF'KPJKGDGGVYCU(WPFDGNCIUGJTUEJรŒP





ร•&TCEJOG WO  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO+P +PEWUWO 'WNG T   FCJKPVGT1NKXGP\YGKI5VCTTXGTIN2N::++ 5GJTUEJรŒP





ร•6GVTCFTCEJOG  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO'WNG UVGJV T FC   JKPVGT1NKXGP\YGKIWPF/QPFUKEJGN50)/ร’PEJGPXGTINHH  7PTGIGNOยทยญKIGT5EJTรŒVNKPIUGJTUEJรŒP





'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ร’PMGT0T

600



599

600

ร•6GVTCFTCEJOG  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO'WNG UVGJV T FC   JKPVGT1NKXGP\YGKIWPF/QPFUKEJGN50)%QR50)/ร’PEJGP5XQTQPQU2N 8QT\ร’INKEJ  &KG &CVKGTWPI DCUKGTV CWH FGO #WHUCV\ XQP *GNGPG 0KEQNGV2KGTTG,QJP * -TQNN #VJGPKCP 6GVTCFTCEJO %QKPCIG   QHVJG6JKTF%GPVWT[$%#,0



ร•6GVTCFTCEJOGX%JTI#VJGPCMQRHTOKVCVVKUEJGO*GNO+O-TCP\'WNGCWH#O RJQTGXXTIGJV0KMGTOKV-TCP\6JQORUQP &QRRGNUEJNCICWHFGO#XGTUIWVGUUGJTUEJรŒP

601





74



602

ร•6GVTCFTCEJOG 2[CPQRUKQP  1MVQDGT0QXGODGT   X %JT  I #VJGPCMQRH T OKV CVVK   UEJGO*GNO+P-TCP\'WNGCWH#ORJQTGOKVDXXT#TVGOKUOKV(CEMGN6JQORUQPF  5GJTUEJรŒP



ร•6GVTCFTCEJOG 2QUKFGQP  &G\GODGT,CPWCT   X %JT  I #VJGPCMQRH T OKV CVVK   UEJGO*GNO+P-TCP\'WNGCWH#ORJQTGOKVZXXT)QTIQPGKQP6JQORUQPXGTIN  .GKEJVGT&QRRGNUEJNCIUGJTUEJรŒP




#')+0#

603

604 1,5:1



#')+0# Õ5VCVGT  X %JT  I 5GGUEJKNFMTÌVG(ÒPHHCEJ IGVGKNVGU +PEWUWO 50)   &GNGRKGTTGXGTIN 2TÒHRWP\GUGJTUEJÌP



Õ5VCVGTX%JTI5GGUEJKNFMTÌVGOKVFGWVNKEJGO#WIG(ÒPHHCEJIGVGKNVGU+PEWUWO 50)&GNGRKGTTGXGTINHH 5GJTCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCTOKVJGTTNKEJGT2CVKPC 



0CEJFGTITKGEJKUEJGP6TCFKVKQPYWTFGPXQPFGP#GIKPGVGP\WOGTUVGP/CN/ÒP\GPKP'WTQRCIGRT·IV&CU9CR RGPXQP#GIKPCFKG5EJKNFMTÌVGKUVFCUJGKNKIG6KGTFGT#RJTQFKVG

606

605



Õ5VCVGTX%JTI5GGUEJKNFMTÌVGOKVFGWVNKEJGO#WIG(ÒPHHCEJIGVGKNVGU+PEWUWO 50)&GNGRKGTTGXGTINHH #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





Õ5VCVGT  X %JT  I 5GGUEJKNFMTÌVG OKV FGWVNKEJGO #WIG(ÒPHHCEJ IGVGKNVGU +PEW   UWO50)&GNGRKGTTGXGTINHH 2TÒHRWP\GCWHFGO#XGTUUGJTUEJÌP



608

607 1,5:1



Õ5VCVGT  X %JT  I 5GGUEJKNFMTÌVG OKV FGWVNKEJGO #WIG(ÒPHHCEJ IGVGKNVGU +PEW   UWO50)&GNGRKGTTGXGTINHH .GKEJVFG\GPVTKGTVUGJTUEJÌP





Õ5VCVGT  X %JT  I .CPFUEJKNFMTÌVG(ÒPHHCEJ IGVGKNVGU +PEWUWO 50) &GNGRKGTTG   XGTINHH /KV2TÒHRWP\GIWVGUUGJTUEJÌP



%14+06*+#

611 609

1,5:1

1,5:1

610



-14+06* Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N+P +PEWUWO #VJGPCMQRH T OKV   MQTKPVJKUEJGO*GNO%CNEKCVK2GICUK4CXGN 5GJTUEJÌP





Õ5VCVGTX%JTI2GICUWUHNKGIVT#VJGPCMQRHNOKVMQTKPVJKUEJGO*GNO%CNEKCVK 2GICUK4CXGN /KPMQTTQFKGTVMN-TCV\GTUGJTUEJÌP





Õ&KQDQN  X %JT  I 2GICUWU HNKGIV N2GICUWU HNKGIV N FCTÒDGT &GNRJKP $/%   

UVGORGNINGKEJ 50)%QR 5GJTUEJÌP

 75


614 613

612

1,5:1

1,5:1



Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGTHNKGIV#FNGTN%CNEKCVK2GICUK4CXGN #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGT5VGTP%CNEKCVK2GICUK4CXGNXCT .GKEJVIGFTÒEMVUGJTUEJÌP





Õ*GOKFTCEJOG  ,CJTJWPFGTV X %JT  I 2GICUWURTQVQOG N-QRH FGT 0[ORJG 2GKTGPG N   OKVJTGPMTCP\50)%QRXGTIN 5GJTUEJÌP



615

616

617 1,5:1

1,5:1

1,5:1

1,5:1



Õ*GOKFTCEJOG  ,CJTJWPFGTV X %JT  I 2GICUWURTQVQOG N-QRH FGT 0[ORJG 2GKTGPG T   OKVJTGPMTCP\50)%QRXGTIN 4U6[RN  5GJTUEJÌP





Õ&TCEJOG  ,CJTJWPFGTV X %JT  I 2GICUWU HNKGIV T-QRH FGT 0[ORJG 2GKTGPG T 50)   %QR 5EJTÌVNKPIUTK­HCUVXQT\ÒINKEJ



0CEJ2KPFCT +UVJOKGP IGNCPIGU$GNNGTQRJQPDGKFGT3WGNNG2GKTGPGFGO2GICUQUFCUIQNFGPG<CWO\GWICP\W NGIGPFCUGTXQP#VJGPGGTJCNVGPJCVVG



Õ1DQN,CJTJWPFGTVX%JTI2GICUWUHNKGIVN&TGK\CEM$/%50)%QR  -NGKPGT4CPFCWUDTWEJUGJTUEJÌP



619

618 1,5:1



Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGT'DGTN%CNEKCVK2GICUK4CXGN -N&TWEMUVGNNGXQT\ÒINKEJ





Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGTDWPF-CPVJCTQU%CNEKCVK2GICUK4CXGN 5GJTUEJÌPpXQT\ÒINKEJ



620

621

622



Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV CVVKUEJGO *GNO FCJKPVGT D   WPF&KQP[UQU%CNEKCVK2GICUK4CXGN 8QT\ÒINKEJGU'ZGORNCT





Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGT6CWDGKP-TCP\%CNEKCVK2GICUK4CXGN 5GJTUEJÌP





Õ5VCVGTX%JTI2GICUWUHNKGIVN#VJGPCMQRHNOKVMQTKPVJKUEJGO*GNO.QTDGGT CNU*GNO\KGTFCJKPVGT%JKO·TG%CNEKCVK2GICUK4CXGN 5GJTUEJÌP



76


624

623



625

Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FCXQT   DFCJKPVGTIWPF*GTOGUNOKV(ÒNNJQTP%CNEKCVK2GICUK4CXGN  -NGKPGT5EJTÌVNKPIUHGJNGTUGJTUEJÌP



'ZGORNCTFGT#WMVKQP)GTJCTF*KTUEJ0CEJH/ÒPEJGP0T



Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGT#TVGOKUTOKV(CEMGN%CNEKCVK2GICUK4CXGN 5GJTUEJÌP





Õ5VCVGT  X %JT  I 2GICUWU HNKGIV N#VJGPCMQRH N OKV MQTKPVJKUEJGO *GNO FC   JKPVGT2TQTC%CNEKCVK2GICUKXGTIN$GK\4CXGN -NGKPG2WP\GUGJTUEJÌP



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T

626 Æ

628 Æ

627

1,5:1

1,5:1



“U  X %JT  I 2GICUWU HNKGIV N&TGK\CEM N * T &GNRJKP 5NI $%&  FKGU   'ZGORNCT  (GKPGFWPMGNITÒPG2CVKPCUGJTUEJÌP



Õ6GVTCFTCEJOG PCEJ CVVKUEJGO 6[R  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO   )TGKHWPF3WCFTKICCNU*GNO\KGT+P-TCP\'WNGCWH#ORJQTGOKV#XX6JQORUQP  44(CUVXQT\ÒINKEJGU'ZGORNCT 



'ZGORNCTFGT#WMVKQP5EJWNVGPWPF%Q(TCPMHWTV1MVQDGT0T  2NWVCTEJ GTY·JPV FKG 2T·IWPI XQP 0GWUVKNVGVTCFTCEJOGP FWTEJ . .WEWNNWU KP FGT 2GNQRQPPGU \WT (KPCP\KGTWPI   FGU /KVJTCFCVKUEJGP -TKGIGU .WE ++   5QICT FKG 6GORGNUEJ·V\G XQP 'RKFCWTQU 1N[ORKC WPF &GNRJK YWTFGP   XGTOÒP\V&GTYCJTUEJGKPNKEJUVG1TVFGT2T·IWPIKUV#MTQMQTKPVJFKG$WTIXQP-QTKPVJUKGJG$QGJTKPIGT5



“U  X %JT  I 2QUGKFQPMQRH T ÒDGT FGT 5EJWNVGT &TGK\CEM)GHNÒIGNVGT *KRRQECOR T   42%5NI$%& FKGU'ZGORNCT  5EJYCT\G2CVKPCUGJTUEJÌP



2'.12100'575

631

632 630

629 1,5:1



5+%;10+# 5+-;10 Õ5VCVGT  X %JT  I %JKO·TG N+P -TCP\ 6CWDG HNKGIV N   $/%50)%QRXGTIN 9KP\2TÒHGKPJKGDMN)TCHHKVKUGJTUEJÌP





Õ5VCVGT  ,CJTJWPFGTV X %JT  I %JKO·TG T+P -TCP\ 6CWDG HNKGIV N $/%  XGTIN    50)%QR (CUVXQT\ÒINKEJ





Õ*GOKFTCEJOG,CJTJWPFGTVX%JTI%JKO·TGN6CWDGHNKGIVN$/%50)%QR XGTINHH )WVGUUGJTUEJÌP





#%*#+##EJCKUEJG.KICÕ*GOKFTCEJOGPCEJX%JT#KIKQP/CIKUVTCV#TKUVQFCOQUI -QRHFGU<GWU#OCTKQUTOKV.QTDGGTMTCP\+P-TCP\/QPQITCOO$/%50)%QR  5GJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC

 77


633

634



634

Õ*GOKFTCEJOGPCEJX%JT1N[ORKC/CIKUVTCV-CNNKRRQUI-QRHFGU<GWU#OCTKQUT OKV.QTDGGTMTCP\+O-TCP\/QPQITCOOFCTWPVGT$NKV\$/%50)%QR 5GJTUEJÌP



'ZGORNCTFGT#WMVKQP/ÒP\<GPVTWO-ÌNP0T



'.+51.;/2+#Õ5VCVGT1N[ORKCFGX%JT*GTCVGORGNI*GTCMQRHTOKV5VG RJCPG+P1NKXGPMTCP\$NKV\5GNVOCP5NI$%&XGTIN 4.GKEJVFG\GPVTKGTVUGJTUEJÌP

635

1,5:1



636

1,5:1



/'55'0+# /'55'0' Õ6GVTQDQN  X %JT /CIKUVTCV #KPGUKCU  I <GWUMQRH T   &TGKHWUU$/% .GKEJVFG\GPVTKGTVHCUVXQT\ÒINKEJ





#4%#&+# #TMCFKUEJGT $WPF Õ*GOKFTCEJOG  X %JT /CPVKPGKC  I <GWU UKV\V N   OKV<GRVGTWPF#FNGT9GKDNKEJGT-QRHT9KNNKCOU 5EJÌPUGJTUEJÌP



%4'6#

637 Æ

639

638



#26'4# “U  ,CJTJWPFGTV X %JT  I 9GKDNKEJGT -QRH T/QPQITCOO 50) %QR    5XQTQPQUXGTIN &WPMGNITÒPG2CVKPCHCUVUGJTUEJÌP



)146;0# Õ5VCVGT PCEJ  X %JT  I 'WTQRC UKV\V T CWH $CWO WPVGP #FNGTMQRH   5VKGTUVGJVT\WTÒEMDNKEMGPF.G4KFGT2N:8+++5XQTQPQU -N-TCV\GTIWVGUUGJTUEJÌP 



Õ&TCEJOG  X %JT  I -QRH FGU <GWU QFGT /KPQU!  T0CEMVGT -TKGIGT )QTV[U !    UVGJVNOKV5EJKNFWPF.CP\GFCXQT#50)%QRXGTIN5XQTQPQU  .GKEJVFG\GPVTKGTVHCUVXQT\ÒINKEJ

641



640





641

-015515 Õ&TCEJOG WO  X %JT  I *GTCMQRH N OKV 2QNQU.CD[TKPVJ \YKUEJGP #2   5XQTQPQU 44(GKPGT5VKNHCUVUGJTUEJÌP



.CD[TKPVJ DGFGWVGV WTURTÒPINKEJ GVYC *CWU FGT &QRRGN·ZVG  FKGUG YCTGP GKP YGKV XGTDTGKVGVGU 5[ODQN FGT   OKPQKUEJGP -WNVWT WPF FKG MTGVKUEJGP 2CN·UVG YCTGP ÒRRKI FCOKV CWUIGUEJOÒEMV &GP HTÒJGP )TKGEJGP OW­ FGT   2CNCUV XQP -PQUUQU KP UGKPGT )TÌ­G CDGT WPJGKONKEJ GTUEJKGPGP UGKP UQ FC­ FGT $GITKHH .CD[TKPVJ UGKPG JGWVKIG   $GFGWVWPI +TTICTVGP CPPCJO



-;&10+# Õ&KFTCEJOG  X %JT UKIPKGTV XQP 0GWCPVQU  I 0[ORJGPMQRH T OKV   -TCP\ CWU 9GKPNCWD FCJKPVGT 5KIPCVWT ! -[FQP UVGJV N WPF URCPPV UGKPGP $QIGP .G 4KFGT   2N+:50)&GNGRKGTTG5XQTQPQU 45GJTUEJÌP  &CU UEJÌPG 5VÒEM KUV PKEJV PWT OKV FGO 0COGP FGU -ÒPUVNGTU UKIPKGTV YKG GVYC DGK FGP UKIPKGTVGP UK\KNKUEJGP   /ÒP\GP UQPFGTP 0GWCPVQU JCV ICP\ MNCT EPOIEI JCV GU IGOCEJV  JKP\WIGUGV\V UQ FC­ GT FGT -ÒPUVNGT PKEJV   GVYCOKVGKPGO/CIKUVTCVXGTYGEJUGNVYGTFGPMCPP

78


642

643



21.;4*'0+10 Õ&TCEJOG  ,CJTJWPFGTV X %JT  I )GUEJOÒEMVGT 5VKGTMQRH X X   5RGGTURKV\G.G4KFGTXGTIN2N::8+++HH5XQTQPQU #XGTUNGKEJVFG\GPVTKGTVUGJTUEJÌP



6;.+515 Õ5VCVGT  ,CJTJWPFGTVX%JTI*GTCMQRHTOKV5VGRJCPG#RQNNQUVGJVNOKV <KGIGPMQRHWPF$QIGPFCXQT5VTCWEJ5XQTQPQU 5GJTUEJÌP

 

-;-.#&'0

644 Æ

645

1,5:1

645



#0&415 “U PCEJ  X %JT  I &KQP[UKQUMQRH T OKV 'HGWMTCP\ANDRI WO #ORJQTG   $/%2CUEJCNKU50)%QR 4$TCWPG2CVKPCUGJTUEJÌP





2#415 Õ1DQN !  WO  X %JT  I <KGIG MPKGV T8KGTIGVGKNVGU +PEWUWO 50) #05   

/CEGFQPKC 50)%QR /CEGFQPKC  5GJTUEJÌP



&KG <WYGKUWPI FKGUGT 5VÒEMG KUV PKEJV IGUKEJGTV &KG <KGIG GPVURTKEJV LGFQEJ FGP &CTUVGNNWPIGP CWH CPFGTGP   2T·IWPIGPXQP2CTQUCWUFKGUGT<GKV

210675

1,5:1



1,5:1

#/+575 Õ*GOKFTCEJOG  ,CJTJWPFGTV X %JT  I *GTCMQRH T OKV 5VGRJCPG'WNG CWH   5EJKNFXX50)$/ (GKPIGVÌPVUGJTUEJÌPpXQT\ÒINKEJ

647



646

648



649

-¤0+)4'+%* /KVJTCFCVGU 8+  X %JT Õ6GVTCFTCEJOG ,CJT    X %JT    I-QRHTOKV&KCFGO2GICUWUYGKFGVNKP'HGWMTCP\9CFFKPIVQP4GEIGP  #XGTUCO4CPFNGKEJVMQTTQFKGTVUQPUVXQT\ÒINKEJGU'ZGORNCTOKVHGKPGT2CVKPC  'ZGORNCTFGT#WMVKQP-TKEJGNFQTH$GTNKP0T  /KVJTCFCVGU8+FGTNGV\VGITQ­G)GIPGTFGT4ÌOGT\GKIVCWHUGKPGP/ÒP\GPGKP2QTVT·VOKVHNKGIGPFGP*CCTGPXQP HCUVDCTQEMGO5VKN



Õ6GVTCFTCEJOG ,CJT    X %JT   I -QRH T OKV &KCFGO2GICUWU YGKFGV N KP   'HGWMTCP\9CFFKPIVQP4GEIGP -QTTQFKGTVNGKEJVGT&QRRGNUEJNCICWHFGO4GXGTUUGJTUEJÌP



Õ6GVTCFTCEJOG ,CJT    X %JT   I -QRH T OKV &KCFGO*KTUEJ YGKFGV N KP   'HGWMTCP\9CFFKPIVQP4GEIGP 8QT\ÒINKEJ 



79


650



Õ6GVTCFTCEJOG ,CJT    X %JT   I -QRH T OKV &KCFGO*KTUEJ YGKFGV N KP   'HGWMTCP\9CFFKPIVQP4GEIGP 9CPIGOKPDGTKGDGPXQT\ÒINKEJ 

2#2*.#)10+#

652

651

653

655

654



#/#564+5 Õ&KFTCEJOG WO  X %JT  I -QRH T OKV RJT[IKUEJGT /ÒV\G#RJTQFKVG   UKV\VNOKV0KMGWPF<GRVGTFCXQT4QUG50)$/ 9KP\)TCHHKVQCWHFGO4GXGTUUGJTUEJÌP





%41/0# Õ&TCEJOG  ,CJTJWPFGTV X %JT  I <GWUMQRH N OKV .QTDGGTMTCP\*GTCMQRH N   OKV5VGRJCPG50)$/9CFFKPIVQP4GEIGP 9KP\-TCV\GTXQT\ÒINKEJ





5+012' Õ&TCEJOG  X %JT /CIKUVTCV -CNNKC    I 0[ORJGPMQRH N#FNGT CWH   &GNRJKPN50)$/ 8QT\ÒINKEJ





Õ&TCEJOG  X %JT /CIKUVTCV #ITGQU  I 0[ORJGPMQRH N#FNGT CWH &GNRJKP N   50)$/ 8QT\ÒINKEJ





Õ&TCEJOG  X %JT /CIKUVTCV #ITGQU !   I 0[ORJGPMQRH N#FNGT CWH &GNRJKP N   50)$/XGTIN (CUVXQT\ÒINKEJ



$+6*;0+#

656

657

657



-#.%*'&10 Õ6GVTCFTCEJOG  X %JT  I 5VKGT UVGJV N CWH JTG FCXQT $8KGT   IGVGKNVGUITCPWNKGTVGU+PEWUWO50)$/ 5GJTUEJÌPpXQT\ÒINKEJ 



Õ6GVTCFTCEJOGPCEJ.[UKOCEJQU6[RXQTX%JTI#NGZCPFGTMQRHTOKV&KCFGOWPF #OOQPUJQTP#VJGPC0KMGRJQTQUUKV\VN5G[TKIKP'UUC[U4QDKPUQPXGTIN2N  -N-TCV\GTUGJTUEJÌPpXQT\ÒINKEJ

1,5:1

 80

658 Å



1,5:1

Ô5VCVGTPCEJ.[UKOCEJQU6[RX%JTI#NGZCPFGTMQRHTOKV&KCFGOWPF#OOQPU JQTP#VJGPC0KMGRJQTQUUKV\VN5G[TKIKP'UUC[U4QDKPUQPXGTIN2N 48QT\ÒINKEJ




659 1,5:1

1,5:1



-+15 Õ*GOKFTCEJOG  ,CJTJWPFGTV X %JT /CIKUVTCV 2TQZGPQU  I #RQNNQMQRH T2TQTC   N50)%QR9CFFKPIVQP4GEIGP 5GJTUEJÌP



660

1,5:1

1,5:1



-¤0+)4'+%* 2TWUKCU +  X %JT Õ6GVTCFTCEJOG  I -QRH T OKV &KCFGO   <GWU5VTCVKQUUVGJVNOKV-TCP\WPF<GRVGTFCXQT$NKV\9CFFKPIVQP4GEIGP  *GTTNKEJGU2QTVT·VMN5EJTÌVNKPIUHGJNGTXQT\ÒINKEJ 

661



662

663

664

0KMQOGFGU++X%JTÕ6GVTCFTCEJOG,CJT X%JT I-QRHTOKV &KCFGO<GWU 5VTCVKQU UVGJV N OKV <GRVGT -ÌPKIUPCOGP DGMT·P\GPF FCXQT #FNGT CWH $NKV\ ÒDGT   /QPQITCOO9CFFKPIVQP4GEIGP 5GJTUEJÌP



0KMQOGFGU +++X%JT Õ6GVTCFTCEJOG,CJT X%JT I-QRHTOKV &KCFGO<GWU 5VTCVKQU UVGJV N OKV <GRVGT WPF -TCP\ FCXQT #FNGT N CWH $NKV\ ÒDGT /QPQITCOO   9CFFKPIVQP4GEIGP .GKEJVMQTTQFKGTVUGJTUEJÌP





Õ6GVTCFTCEJOG ,CJT     X %JT   I -QRH T OKV &KCFGO<GWU 5VTCVKQU UVGJV N   OKV<GRVGTWPF-TCP\FCXQT#FNGTCWH$NKV\N9CFFKPIVQP4GEIGP 5GJTUEJÌP





Õ6GVTCFTCEJOG,CJT X%JT I-QRHTOKV&KCFGO<GWU5VTCVKQUUVGJVNOKV <GRVGTWPF-TCP\FCXQT#FNGTNCWH$NKV\ÒDGT/QPQITCOO9CFFKPIVQP4GEIGP 5GJTUEJÌP





81


666

665









668

667

Õ6GVTCFTCEJOG,CJT X%JT I-QRHTOKV&KCFGO<GWUUVGJVNOKV-TCP\ WPF<GRVGTFCXQT#FNGTCWH$NKV\9CFFKPIVQP4GEIGP  4)WVGU2QTVT·VNGKEJVWPTGIGNO·­KIGT4CPFXQT\ÒINKEJ



0KMQOGFGU +8  X %JT Õ6GVTCFTCEJOG ,CJT    X %JT   I -QRH T OKV   &KCFGO<GWU UVGJV N OKV <GRVGT FGP 0COGP FGU -ÌPKIU DGMT·P\GPF FCXQT #FNGT CWH $NKV\ N 9CF   FKPIVQP4GEIGP 5GJTUEJÌP



Õ6GVTCFTCEJOG ,CJT    X %JT   I -QRH T OKV &KCFGO<GWU UVGJV N OKV   <GRVGTFGP0COGPFGU-ÌPKIUDGMT·P\GPFFCXQT#FNGTCWH$NKV\N9CFFKPIVQP4GEIGP  -N5VGORGNDTWEJXQT\ÒINKEJ



Õ6GVTCFTCEJOG ,CJT    X %JT   I -QRH T OKV &KCFGO<GWU UVGJV N OKV <GR   VGT FGP 0COGP FGU -ÌPKIU DGMT·P\GPF FCXQT #FNGT CWH $NKV\ N 9CFFKPIVQP 4GE IGP XGTIN   

/QPQITCOOHGJNV  $TGKVGU'ZGORNCTIWVGUUGJTUEJÌP



/;5+#

669 Æ

670 Æ

1,5:1

1,5:1

1,5:1

1,5:1



#&4#/;66'+10 “U WO  X %JT  I <GWUMQRH X X OKV .QTDGGTMTCP\#FNGT UVGJV T   CWH#NVCTX(TKV\GKP0QOKUOC8 (CUVXQT\ÒINKEJ





“U WO  X %JT  I <GWUMQRH T OKV .QTDGGTMTCP\2GICUWURTQVQOG T FCTWPVGT ADRA X   (TKV\GKP0QOKUOC8 (CUVXQT\ÒINKEJ



1,5:1



671 Æ

1,5:1

#56;4# 6KUUCRJGTPGU 5CVTCR WO  X %JT “U  X %JT  I #VJGPCMQRH T KO   CVVKUEJGP*GNO-WNVDKNFFGT#TVGOKU#UV[TGPGXX-NGKP 4&WPMGNITÒPG2CVKPCUGJTUEJÌP 6KUUCRJGTPGU URKGNVG GKPG DGFGWVGPFG 4QNNG KP FGT RGTUKUEJGP 2QNKVKM 5GKP CW­GPRQNKVKUEJGT 'KPHNW­ JCV \ $ PKEJV   WPYGUGPVNKEJG #WUYKTMWPIGP CWH FGP #WUICPI FGU RGNQRQPPGUKUEJGP -TKGIGU IGJCDV +O -TKGI FGU #TVCZGTZGU   IGIGPFGP2TKP\GP-[TQUYCT6KUUCRJGTPGUGKPGTFGTXKGT(GNFJGTTGPFGU#TVCZGTZGUWPFJCV\WFGUUGP5KGIKPFGT 5EJNCEJV DGK -WPCZC GPVUEJGKFGPF DGKIGVTCIGP :GPQRJQP #PCDCUKU +   H   X %JT YWTFG 6KUUCRJGTPGU   JKPIGTKEJVGVYQJNXQTCNNGOYGIGPUGKPGT0KGFGTNCIGPIGIGPFCUURCTVCPKUEJG*GGTFGU#IGUKNCQUKP-NGKPCUKGP

82




674 El 673 El

672 El



675 El

1,5:1

1,5:1

-;<+-15'N5VCVGTX%JTI.ÌYGPMQRHXXOKV6JWPHKUEJKO/CWN9KPFOÒJNGP HNÒIGNCTVKIGU+PEWUWOX(TKV\G*WTVGT.KGYCNF0GWG0QOKPCNGKPFGT'NGMVTQPRT·IWPIXQP-[\KMQU KP504  9CIIQPGT4QUGP%QNNXGTIN CPFGTGU0QOKPCN  (CUVUGJTUEJÌP



-[\KMQU DGJGTTUEJVG \WUCOOGP OKV .CORUCMQU FGP *CPFGN OKV FGP -ÒUVGP FGU 5EJYCT\GP /GGTGU )NGKEJ\GKVKI   YCT GU <GPVTWO FGU 6JWPHKUEJ(CPIGU FGT GKPG ·JPNKEJG $GFGWVWPI JCVVG YKG FGT *GTKPIUHCPI KO /KVVGNCNVGT &KG   'NGMVTQPUVCVGTG YWTFGP XQO  DKU \WO  ,CJTJWPFGTV IGRT·IV -[\KMQU YCT FKG GKP\KIG 5VCFV FGU CVVKUEJGP   5GGDWPFGUFKGPGDGP#VJGPRT·IGPFWTHVG&GT'NGMVTQPUVCVGTGPVURTCEJ&TCEJOGPQFGTUGEJU6GVTCFTCEJOGP



'N*GMVG  X %JT  I )GHNÒIGNVG .ÌYGPRTQVQOG N8KGTIGVGKNVGU +PEWUWO X (TKV\G    9CIIQPGT4QUGP%QNN 5GJTUEJÌP





'N 5VCVGT  X %JT  I #VVKUMQRH T OKV RJT[IKUEJGT /ÒV\G8KGTIGVGKNVGU +PEWUWO   X(TKV\G QJPGFKGUGU0QOKPCN 9CIIQPGT4QUGP%QNN 445GJTUEJÌP



'ZGORNCTFGT#WMVKQP/ÒP\GPWPF/GFCKNNGP#)$CUGN0T



Õ*GOKQDQNX%JTI#VVKUMQRHNOKVRJT[IKUEJGT/ÒV\G5VKGTMQRHTX(TKV\G -NGKP 45GJTUEJÌP



676 Æ



“U,CJTJWPFGTVI-QRHFGU*GTQU-[\KMQUT<YGKUEJNCPIGPWOYWPFGPG(CEMGNPFC\YK UEJGP#NVCTX(TKV\G)TWRRG8D )TÒPDTCWPG2CVKPCUGJTUEJÌP

677 El



1,5:1



677 El

.#/25#-15'N5VCVGTWOX%JTI2GICUQURTQVQOGNWOIGDGPXQPGKPGT9GKPTCPMG 8KGTIGVGKNVGU+PEWUWO$CNFYKP)TWRRG++XGTIN2N+ 5GJTUEJÌPGU'ZGORNCT  .CORUCMQU CO PÌTFNKEJGP 'KPICPI \WO *GNNGURQPV IGNGIGP YCT \WUCOOGP OKV -[\KMQU GKPGT FGT 8QTQTVG HÒT   FGP *CPFGN OKV FGP 4CPFXÌNMGTP FGU 5EJYCT\GP /GGTGU &KGUG DGXQT\WIVGP /ÒP\GP CWU 'NGMVTQP WPF FGUJCND   YWTFGP KP .CORUCMQU PQEJ NCPIG 'NGMVTQP5VCVGTG IGRT·IV CNU UKG KP -NGKPCUKGP UEJQP N·PIUV CW­GT )GDTCWEJ IG   MQOOGPYCTGP

679 678 El

680



'N5VCVGT WO  X %JT  I 2GICUWURTQVQOG N WOIGDGP XQP GKPGT 9GKPTCPMG8KGTIGVGKNVGU   +PEWUWO(TCPMG*KTOGTXGTIN6H$CNFYKP)TWRRG++XGTIN2N+  44-N4CPFTKUUGNGKEJVFG\GPVTKGTVUGJTUEJÌP 



2#4+10 Õ*GOKFTCEJOG  ,CJTJWPFGTV X %JT  I 5VKGT UVGJV N \WTÒEMDNKEMGPF)QTIQ   PGKQP50)X#WNQEM 5GJTUEJÌP





2'4)#/105VCFVÕ%KUVQRJQTX%JTI%KUVCO[UVKECKP'HGWMTCP\<YGK5EJNCP IGPWO-ÌEJGTQDGP+'T5EJNCPIGPUVCD50)X#WNQEM 8QT\ÒINKEJ

 83


683

682

681



Õ%KUVQRJQT  X %JT  I %KUVC O[UVKEC KP 'HGWMTCP\<YGK 5EJNCPIGP WO -ÌEJGT   QDGPLST5EJNCPIGPUVCD$/%50)X#WNQEM50)%QR 5GJTUEJÌP





Õ%KUVQRJQT  X %JT  I %KUVC O[UVKEC KP 'HGWMTCP\<YGK 5EJNCPIGP WO -ÌEJGT   QDGP/QPQITCOOT5EJNCPIGPUVCD50)X#WNQEM50)%QR 5GJTUEJÌP





Õ%KUVQRJQT  X %JT 3W·UVQT / #PVQPKWU / H  I %KUVC O[UVKEC KP 'HGWMTCP\   <YGK 5EJNCPIGP WO -ÌEJGT QDGP /QPQITCOO T 5EJNCPIGPUVCD 5VWORH 0WOKUOCVKUEJG 5VWFKGP   \WT%JTQPQNQIKGFGTTÌOKUEJGP5VCVVJCNVGTKP-NGKPCUKGP X%JTP%JT  5GJTUEJÌP



&KGUGU 5VÒEM KUV CWEJ . #PVQPKWU 3WCUVQT RTQ RTCGVQTG KP #UKC  X %JT UQYKG GKPGO 3WCGUVQT #VTCVKPWU  

UKGJG$NQGUEJ9KPVGTVJWT \WIGYKGUGPYQTFGP9KTHQNIGPDGKFGT<WYGKUWPI)GTF45VWORH

684



685

-¤0+)4'+%* #VVCNQU +  X %JT Õ6GVTCFTCEJOG  I -QRH FGU 2JKNGVCKTQU T OKV   .QTDGGTMTCP\#VJGPC5VGRJCPQRJQTQUUKV\VNFCXQT$KGPGWPF/QPQITCOOFCJKPVGT$QIGP9GUVGT OCTM)TWRRG8+# 8%8++4  5GJTUEJÌP



'ZGORNCTFGT9GDGT%QNN0TWPFFGT#WMVKQP#TU%NCUUKEC+8)GPH0T



Õ6GVTCFTCEJOG  I -QRH FGU 2JKNGVCKTQU T OKV .QTDGGTMTCP\#VJGPC 5VGRJCPQRJQTQU UKV\V N   FCXQT$KGPGWPF/QPQITCOOFCJKPVGT$QIGP9GUVGTOCTM)TWRRG8+#8%84 5GJTUEJÌP

686

687

688



689



Õ6GVTCFTCEJOGI-QRHFGU2JKNGVCKTQUTOKV.QTDGGTMTCP\#VJGPC5VGRJCPQRJQTQUUKV\VNFCXQT 9GKPVTCWDGWPF#FCJKPVGT$QIGP9GUVGTOCTM)TWRRG+8$8.::8+4 5GJTUEJÌPpXQT\ÒINKEJ





Õ6GVTCFTCEJOG  I -QRH FGU 2JKNGVCKTQU T OKV .QTDGGTMTCP\#VJGPC 5VGRJCPQRJQTQU UKV\V N   FCXQT'HGWDNCVVWPF#FCJKPVGT$QIGP9GUVGTOCTM)TWRRG+8#8:::+4 5GJTUEJÌP





Õ6GVTCFTCEJOG  I -QRH FGU 2JKNGVCKTQU T OKV .QTDGGTMTCP\#VJGPC 5VGRJCPQRJQTQU UKV\V N   FCXQT9GKPVTCWDGWPF#FCJKPVGT$QIGP9GUVGTOCTM)TWRRG+8$ 5GJTUEJÌP





Õ6GVTCFTCEJOG  I -QRH FGU 2JKNGVCKTQU T OKV .QTDGGTMTCP\#VJGPC 5VGRJCPQRJQTQU UKV\V N   FCXQT'HGWDNCVVFCJKPVGT$QIGP9GUVGTOCTM)TWRRG+8#8:::8++4 5GJTUEJÌP



84


641#5

690

691 Æ

692 Æ



#$;&15 Õ&TCEJOG  X %JT /CIKUVTCV #PCZKMNGU  I #RQNNQMQRH T OKV .QTDGGT   MTCP\#FNGTUVGJVNFCXQT-CPVJCTQU$/%50)X#WNQEM50)%QR 5GJTUEJÌP





#.':#0&4+# “U  ,CJTJWPFGTV P %JT  I 6[EJGMQRH T OKV /CWGTMTQPG FCJKPVGT 8GZKN   NWO#FNGTUVGJVXXCWH5VKGTMQRH50)%QRXCT50)X#WNQEMXCT  )N·P\GPFGITÒPG2CVKPCXQT\ÒINKEJ



$+4;6+5“UWOX%JTI-QRHGKPGU-CDKTGPNOKV2KNGWUQDGPNWPFTLGGKP5VGTP -GWNGKP-TCP\50)%QR50)X#WNQEM 5GJTUEJÌP





693

694 Æ

1,5:1

1,5:1

1,5:1



-'$4'0Õ1DQN,CJTJWPFGTVX%JTI9KFFGTMQRHT+PEWUWO-NGKP



5-'25+5“U,CJTJWPFGTVX%JTI2GICUWURTQVQOGT(ÌJTGKP3WCFTCV50)%QR )TÒPG2CVKPCUGJTUEJÌP

5GJTUEJÌP

 

#'1.+5

695 Æ

696 1,5:1 697

1,5:1



#+)#+ “U  ,CJTJWPFGTV X %JT  I *GTOGUMQRH T OKV 2GVCUQU<KGIGPRTQVQOG T 50)   %QRXGTIN50)X#WNQEM 5GJTUEJÌP





-;/' Õ&KQDQN  X %JT  I 2HGTFGMQRH T8KGTIGVGKNVGU +PEWUWO -NGKP XGTIN   

*GOKQDQN  5GJTUEJÌP





Õ6GVTCFTCEJOG PCEJ  X %JT /CIKUVTCV 1N[ORKQU  I -QRH FGT #OC\QPG -[OG T OKV   6CGPKG+P.QTDGGTMTCP\2HGTFUVGJVTFCXQT5M[RJQU1CMNG[KP#05/0 8QT\ÒINKEJ



698

699



Õ6GVTCFTCEJOG PCEJ  X %JT /CIKUVTCV 1N[ORKQU  I -QRH FGT #OC\QPG -[OG T OKV   6CGPKG+P.QTDGGTMTCP\2HGTFUVGJVTFCXQT5M[RJQU1CMNG[KP#05/0 8QT\ÒINKEJ





Õ6GVTCFTCEJOGPCEJX%JT/CIKUVTCV/GVTQRJCPGUI-QRHFGT#OC\QPG-[OGTOKV 6CGPKG+P.QTDGGTMTCP\2HGTFUVGJVTFCXQT5M[RJQU1CMNG[KP#05/0 8QT\ÒINKEJ

 85


701

700

703

702

704 Æ



Õ6GVTCFTCEJOGPCEJX%JT/CIKUVTCV/GVTQRJCPGUI-QRHFGT#OC\QPG-[OGTOKV 6CGPKG+P.QTDGGTMTCP\2HGTFUVGJVTFCXQT5M[RJQU1CMNG[KP#05/0 5GJTUEJÌP





Õ6GVTCFTCEJOG  X %JT /CIKUVTCV &KQIGPGU  I -QRH FGT #OC\QPG -[OG T OKV   6CGPKG+O.QTDGGTMTCP\2HGTFUVGJVTFCXQT5M[RJQU1CMNG[KP#05/0  )WVGUUGJTUEJÌP



/;4+0#Õ6GVTCFTCEJOG,CJTJWPFGTVX%JTI#RQNNQMQRHT+P.QTDGGTMTCP\#RQNNQ XQP)T[PGKQPUVGJVTOKV2CVGTCWPF.QTDGGT\YGKIOKVJGTCDJ·PIGPFGP6CGPKGPFCXQT1ORJCNQUWPF -CPVJCTQU5CEMU *QJGU4GNKGHCVVTCMVKXGU'ZGORNCTIWVGUUGJTUEJÌP





&GT#RQNNQXQP)T[PGKQPJCVYKG8GTIKNKPFGT#GPGKUCPIKDVFGO#GPGCUDGHQJNGPPCEJ+VCNKGP\WGKNGP





Õ6GVTCFTCEJOG  ,CJTJWPFGTV X %JT  I #RQNNQMQRH T+P .QTDGGTMTCP\ #RQNNQ XQP )T[   PGKQPUVGJVTOKV2CVGTCWPF.QTDGGT\YGKIOKVJGTCDJ·PIGPFGP6CGPKGPFCXQT1ORJCNQUWPF-CPVJC TQU5CEMU 5GJTUEJÌP



0'106'+%*15“U,CJTJWPFGTVX%JTI#VJGPCMQRHTOKVCVVKUEJGO*GNO'WNGUVGJVT -NGKP50)X#WNQEM 4&WPMGNITÒPG2CVKPCIWVGUUGJTUEJÌP



.'5$15

705 B



70$'-#006'/ª0<5666'$5VCVGTWOX%JTI<YGK-CNDUMÌRHGGKPCPFGTIG IGPÒDGTFC\YKUEJGP1NKXGPDCWO+PEWUWO50)%QR50)/ÒPEJGP50)X#WNQEM 9CIIQPGT4QUGP%QNN &WPMGNIGVÌPVUGJTUEJÌP

706 El

1,5:1





707 El

1,5:1

1,5:1

1,5:1

/;6+.'0''N*GMVGX%JTI5CV[TMQRHT<YGK9KFFGTMÌRHGGKPCPFGTIGIGPÒDGT FCTÒDGT2CNOGVVG$QFGPUVGFV #XH4X h  45GJTUEJÌP



'ZGORNCTFGT#WMVKQP*KTUEJ0CEJH/ÒPEJGP0T

 86

'N*GMVG  X %JT  I 2QUGKFQPMQRH T OKV .QTDGGTMTCP\&TGK\CEM $QFGPUVGFV  8U   4U g  45GJTUEJÌP




+10+#

708 El 1,5:1

709 El 1,5:1

710 El 1,5:1

1,5:1

1,5:1

1,5:1



70$'56+//6' /ª0<5666' 'N 5VCVGT  ,CJTJWPFGTV X %JT  I .ÌYGPMQRH T   +PEWUWO50)X#WNQEM9CIIQPGT4QUGP%QNN9GKFCWGT 5GJTUEJÌP





'N5VCVGT,CJTJWPFGTVX%JTI9KFFGTMQRHN3WCFTCVWOKPEWUWO$CDGNQP6TCKV¾ 50)X#WNQEMXGTIN 5VCVGT 9CIIQPGT4QUGP%QNN9GKFCWGTXGTINHH  (CUVXQT\ÒINKEJ



'N5VCVGT,CJTJWPFGTVX%JTI5YCUVKMC ! 8KGTIGVGKNVGU+PEWUWO50)X#WNQEM XGTIN9CIIQPGT4QUGP%QNNXGTIN9GKFCWGT 5GJTUEJÌP





711 El 1,5:1

713 El 1,5:1

712 El

1,5:1

712 El

1,5:1

1,5:1



'N5VCVGT,CJTJWPFGTVX%JTI.ÌYGPOCUMGXX+PEWUWO8GTIN50)X#WNQEM XGTIN50)-C[JCP 5GJTUEJÌP





'N5VCVGT,CJTJWPFGTVX%JTI.ÌYGPOCUMGXX+PEWUWO8GTIN50)X#WNQEM XGTIN50)-C[JCP 5GJTUEJÌP





'N5VCVGT,CJTJWPFGTVX%JTI.ÌYGPMQRHT+PEWUWO9CIIQPGT4QUGP%QNN 9GKFCWGT 5GJTUEJÌP



715 El

714 El 1,5:1

1,5:1

1,5:1

716 El 1,5:1

1,5:1

1,5:1



'N 5VCVGT  ,CJTJWPFGTV X %JT  I 6KGTMQRH !  N1TPCOGPV KP 3WCFTCVWO KPEWUWO   $CDGNQP6TCKV¾50)X#WNQEM50)%QR9CIIQPGT4QUGP%QNN9GKFCWGT 5GJTUEJÌP





'N5VCVGT,CJTJWPFGTVX%JTI2HGTFGMQRHN-TGW\KO3WCFTCVWOKPEWUWO$CDG NQP6TCKV¾50)X#WNQEM9CIIQPGT4QUGP%QNN9GKFCWGTXGTIN 5GJTUEJÌP





'N5VCVGTWOX%JTI5VKGTUVGJVT\WTÒEMDNKEMGPF+PEWUWO9CIIQPGT4QUGP%QNN  FKGU'ZGORNCT  48QT\ÒINKEJ





'2*'515 2KPFCTQU WO  X %JT 'N 5VCVGT  X %JT  I .ÌYGPVCV\G   +PEWUWO-CTYKGUG5GTKG6[R&C\W\YGKYGKVGTG'+5VCVGTCWU-NGKPCUKGP .ÌYGPVCV\GXX 5MQTRKQPKP+PEWUWO9CIIQPGT4QUGP%QNN2HGTFGRTQVQON+PEWUWO  5VÒEM5GJTUEJÌP



&GT.[FGTMÌPKI#N[CVVGUJCVVGGKPGUGKPGT6ÌEJVGTOKVFGOGRJGUKUEJGP6[TCPPGP/GNCUXGTJGKTCVGV&KGUGOHQNIVG UGKP5QJP2KPFCTQUPCEJFGTUKEJLGFQEJDCNFKO-TKGIOKVUGKPGO1PMGN-TQKUQUDGHCPFFGTGKPGCIITGUUKXGPCEJ 9GUVGPCWUIGTKEJVGVG'ZRCPUKQPURQNKVKMDGVTKGD9·JTGPFFGT$GNCIGTWPIFGT5VCFV'RJGUQUJCPFGNVG2KPFCTQUGKPGP 8GTINGKEJOKV-TQKUQUCWUWPFIKPIWPVGT<WTÒEMNCUUWPIUGKPGU$GUKV\GUKPU'ZKN

718 El 1,5:1

1,5:1 719



1,5:1

719

'N5VCVGTX%JTI.ÌYGPVCV\G+PEWUWO-CTYKGUG5GTKG FKGU'ZGORNCT  8QT\ÒINKEJ



5VCFVÕ&TCEJOGX%JTI$KGPG8KGTIGVGKNVGU+PEWUWO$/%



'ZGORNCTFGT.CIGTNKUVG/ÒP\GPWPF/GFCKNNGP#)$CUGN0T



(CUVXQT\ÒINKEJ

87


720

1,5:1



1,5:1

721

1,5:1

1,5:1

Õ*GOKFTCEJOG WO  X %JT /CIKUVTCV 6KOGUKCPCZ  I $KGPG8KGTIGVGKNVGU +PEWUWO CWH   GKPGT$CPFNGKUVG/CIKUVTCVGPPCOG$/%*GCFKP0%50)%QR 5GJTUEJÌP



8QP6KOGUKCPCZYCTGPDKUNCPI6GVTCFTCEJOGPWPF&TCEJOGPDGMCPPV UKGJG0%5 



Õ&KQDQNX%JTI$KGPG<YGK*KTUEJMÌRHGGKPCPFGTIGIGPÒDGT50)-C[JCPHH 5GJTUEJÌP

723

722

724



725



Õ6GVTCFTCEJOG  X %JT /CIKUVTCV 'RKPKMQU  I $KGPG*KTUEJRTQVQOG T \WTÒEM   DNKEMGPFFCJKPVGT2CNOG$/%+OJQQH$NWOGT-NGKPCUKCVKUEJG/ÒP\GP5 5GJTUEJÌP





Õ6GVTCFTCEJOGX%JTI$KGPG*KTUEJRTQVQOGTFCJKPVGT2CNOGFCXQTMAROS $/%50)%QR50)X#WNQEM 45GJTUEJÌP



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT0T



Õ6GVTCFTCEJOG  X %JT /CIKUVTCV <GPQFQVQU  I $KGPG*KTUEJRTQVQOG T \WTÒEM   DNKEMGPFFCJKPVGT2CNOG$/% 5GJTUEJÌPGU'ZGORNCT





Õ&KFTCEJOG  X %JT /CIKUVTCV $CVVCU  I #TVGOKUMQRH T OKV 5VGRJCPG ÒDGT FGT   5EJWNVGT$QIGPWPF-ÌEJGT*KTUEJRTQVQOGT-QRH\WTÒEMIGYCPFV$/%  5GJTUEJÌPpXQT\ÒINKEJ



726

727 El

1,5:1

727 El

726



Õ%KUVQRJQT ,CJT    X %JT   I %KUVC O[UVKEC KP 'HGWMTCP\<YGK 5EJNCPIGP WO   -ÌEJGTN#WPFEFEQDGP$KGPGT(CEMGN-NGKPGT0Që5GTKG 8QT\ÒINKEJ





'4;6*4#+ 'N*GMVG  5VCVGT   ,CJTJWPFGTV X %JT  I *GTCMNGUMQRH KO .ÌYGPHGNN N   8KGTIGVGKNVGU+PEWUWO50)X#WNQEM )WVGUUGJTUEJÌP



728



729 Æ

730

1,5:1

730

Õ&TCEJOG,CJTJWPFGTVX%JT/CIKUVTCV&KQRGKVJGUI*GTCMNGUMQRHKO.ÌYGPHGNNT-GWNG WPF$QIGPKP$QIGPVCUEJG$/%50)%QR50)X#WNQEM  44-PCRRGT5EJTÌVNKPIUGJTUEJÌP





-.#<1/'0#+ Õ&KFTCEJOG  X %JT  I )GHNÒIGNVG 'DGTRTQVQOG T8KGTIGVGKNVGU   +PEWUWO50)%QR50)X#WNQEM9CIIQPGT4QUGP%QNN 5GJTUEJÌP





“U,CJTJWPFGTVX%JTI#VJGPCMQRHTOKVCVVKUEJGO*GNO9KFFGTMQRHT50)%QR 50)X#WNQEM 5EJYCT\G2CVKPCUGJTUEJÌP



88


731

732 1,5:1

1,5:1

1,5:1

733 1,5:1

1,5:1

1,5:1



-1.12*10 Õ1DQN  ,CJTJWPFGTV X %JT  I #TEJCKUEJGT -QRH T+PEWUWO 50) $GTT[   XGTIN -QRHN 50)-C[JCPXGTIN 6GVCTVGOQTKQP  5GJTUEJÌP





Õ1DQN  ,CJTJWPFGTV X %JT  I #TEJCKUEJGT -QRH N+PEWUWO 50) $GTT[   

WPDGUVKOOVG/ÒP\UV·VVG 50)-C[JCPXGTIN *GOKQDQN  5GJTUEJÌP





Õ1DQN  ,CJTJWPFGTV X %JT  I #TEJCKUEJGT -QRH N+PEWUWO 50) $GTT[   

WPDGUVKOOVG/ÒP\UV·VVG 50)-C[JCPXGTIN *GOKQDQN  5GJTUEJÌP



734 1,5:1



736 1,5:1

735

1,5:1

1,5:1

Õ6GVCTVGOQTKQP  X %JT  I #RQNNQMQRH X X+O +PEWUWO 6' NKIKGTV  9GTVCP   ICDG -NGKP 5GJTUEJÌP



&KGUGU 5VÒEM IGJÌTV \W FGP YGPKIGP CPVKMGP /ÒP\GP FKG GKPG 9GTVCPICDG VTCIGP KP FKGUGO (CNNG 6' HÒT   6GVCTVGOQTKQP



Õ&TCEJOG  X %JT  I #RQNNQMQRH T OKV .QTDGGTMTCP\+P +PEWUWO .[TC /KNPG   XGTIN 5GJTUEJÌP





Õ6GVCTVGOQTKQPX%JTI#RQNNQMQRHTOKV.QTDGGTMTCP\+O+PEWUWO6' NKIKGTV 9GTVCPICDG N<KMCFG-NGKP 5GJTUEJÌP



&KGUGU 5VÒEM IGJÌTV \W FGP YGPKIGP CPVKMGP /ÒP\GP FKG GKPG 9GTVCPICDG VTCIGP KP FKGUGO (CNNG 6' HÒT   6GVCTVGOQTKQP



/#)0'5+# “U  ,CJTJWPFGTV X %JT /CIKUVTCV 2T[VCPKU  I .CP\GPTGKVGT T5VKGT UVÌ­V N   $/%XGTIN50)X#WNQEM50)%QRXGTINHH&C\W\YGKYGKVGTGMNGKPGTG“0QOKPCNG FKGUGT2QNKU 5VÒEM(CUVXQT\ÒINKEJ



738



Õ6GVTCFTCEJOG PCEJ  X %JT  I /CIKUVTCV 'TCUKRRQU 5QJP FGU  #TKUVGQU  I   #TVGOKUDÒUVGTOKV$QIGPWPF-ÌEJGT+P-TCP\0CEMVGT#RQNNQUVGJVNCWH/·CPFGTCP&TGKHW­IG NGJPVCWHFKGUGO-ÌEJGT$/%50)X#WNQEM #WUIG\GKEJPGVGT5VKNHGKPIGVÌPVXQT\ÒINKEJ



/ÌINKEJGTYGKUG YCTGP FKG CWH FGP OCIPGUKUEJGP /ÒP\GP IGPCPPVGP +PFKXKFWGP MGKPG #OVUVT·IGT UQPFGTP TGKEJG   /·PPGT FKG GKPG .GKVWTIGKC GKP 9GTM HÒT FGP 5VCCV KP FKGUGO (CNN GKPG 5RGPFG FKG FKG 2T·IWPI FGT /ÒP\GP   GTOÌINKEJVG XQNNDTCEJVGPWPFCWUFKGUGO)TWPFFWTEJFKG0GPPWPIKJTGU0COGPUCWHFGP/ÒP\GPIGGJTVYWTFGP 5KGJG,QPGU9TGCVJGF6GVTCFTCEJOGUQH/CIPGUKCKP#05/0  5HH

739 1,5:1



1,5:1

Õ6GVTCFTCEJOGPCEJX%JT/CIKUVTCV'TCUKRRQU 5QJPFGU #TKUVGQUI#TVGOKUDÒUVGT OKV$QIGPWPF-ÌEJGT+P-TCP\0CEMVGT#RQNNQUVGJVNCWH/·CPFGTCP&TGKHW­IGNGJPVCWHFKGUGO -ÌEJGT$/%50)X#WNQEM50)%QR 8QT\ÒINKEJ

 89


740



741

742

Õ6GVTCFTCEJOGPCEJX%JT/CIKUVTCV'TCUKRRQU 5QJPFGU #TKUVGQUI#TVGOKUDÒUVGT OKV$QIGPWPF-ÌEJGT+P-TCP\0CEMVGT#RQNNQUVGJVNCWH/·CPFGTCP&TGKHW­IGNGJPVCWHFKGUGO -ÌEJGT$/%50)X#WNQEM50)%QR 9KP\-TCV\GTXQT\ÒINKEJ





Õ6GVTCFTCEJOGPCEJX%JT/CIKUVTCV2CWUCPKCU 5QJPFGU 2CWUCPKCUI#TVGOKUDÒUVG TOKV$QIGPWPF-ÌEJGT+P-TCP\0CEMVGT#RQNNQUVGJVNCWH/·CPFGTCP&TGKHW­IGNGJPVCWHFKGUGO -ÌEJGT$/%50)X#WNQEM50)%QR (CUVXQT\ÒINKEJ





Õ6GVTCFTCEJOGPCEJX%JT/CIKUVTCV*GTQIPGVQU 5QJPFGU <QR[TKQPI#TVGOKUDÒUVG TOKV$QIGPWPF-ÌEJGT+P-TCP\0CEMVGT#RQNNQUVGJVNCWH/·CPFGTCP&TGKHW­IGNGJPVCWHFKGUGO -ÌEJGT$/%50)X#WNQEM50)%QR /KPMQTTQFKGTVUGJTUEJÌPpXQT\ÒINKEJ



743

745 744

1,5:1

1,5:1

1,5:1



/+.'6Õ&KQDQNX%JTI.ÌYGPRTQVQOGN-QRHT+P+PEWUWO$NÒVGPQTPCOGPV -NGKP9CIIQPGT4QUGP%QNNXGTIN 5VGORGNHTKUEJGU2TCEJVGZGORNCT





2*1-#+#Õ*GOKFTCEJOG,CJTJWPFGTVX%JTI)TGKHGPRTQVQOGT+PEWUWO$CNEGTKP 504XGTIN2N &TCEJOG  8QPITQ­GT5GNVGPJGKV/KPMQTTQFKGTVUGJTUEJÌP



&KG<WYGKUWPIKUVPKEJVIGUKEJGTVGUM·OGCWEJ6GQUCNU/ÒP\UV·VVGKP$GVTCEJV



Õ*GOKFTCEJOG  ,CJTJWPFGTV X %JT  I )TGKHGPMQRH N+PEWUWO $CNEGT KP 504     XGTIN2N 5GJTUEJÌP

746 El

747 El 1,5:1



748 El

1,5:1

1,5:1



'N*GMVG 5VCVGT X%JTI#VJGPCMQRHNOKVCVVKUEJGO*GNO)TGKHCNU*GNO\KGT 8KGTIGVGKNVGU+PEWUWO$QFGPUVGFV 5GJTUEJÌP





'N*GMVG  5VCVGT   X %JT  I *GTCMQRH N OKV GKPGO OKV 2CNOGVVGP WPF #MCPVJQU   4CPMGPXGT\KGTVGP-CNCVJQU8KGTIGVGKNVGU+PEWUWO$QFGPUVGFV 5GJTUEJÌP





'N*GMVG  5VCVGT   X %JT  I 9GKDNKEJGT -QRH N FCTWPVGT 4QDDG8KGTIGVGKNVGU +P   EWUWO$QFGPUVGFV )WVGUUGJTUEJÌP

&CU/ÒP\DKNFKUVXQPFGP*GTCMÌRHGPFGT2T·IWPIGPCWU1N[ORKCKPURKTKGTV

90




750

749 Æ

751



5/;40# “U  X %JT /CIKUVTCV #RQNNQPKQU /CICU  I #RQNNQMQRH T*QOGT UKV\V N   OKV5EJTKHVTQNNGWPF<GRVGT50)%QR )TCWITÒPG2CVKPCHCUVXQT\ÒINKEJ





6'15Õ&TCEJOGX%JTI)TGKHUKV\VT8KGTIGVGKNVGU+PEWUWO$CNEGTKP504  FKGU'ZGORNCT  5GJTUEJÌP



'ZGORNCTFGT5NI2Q\\K#WMVKQP#TU%NCUUKEC)GPH0T



Õ5VCVGTX%JTI)TGKHUKV\VT8KGTIGVGKNVGU+PEWUWO$CNEGTKP504 7PDGFGWVGPFGT2TÒHGKPJKGDCO4CPFHCUVUGJTUEJÌP





Õ6TKJGOKQDQNX%JTI)TGKHUKV\VT8KGTIGVGKNVGUHNCEJGU+PEWUWO$CNEGTKP504   &C\WGKP6GVTQDQNCWU%JKQUWPFGKP6TKJGOKQDQNCWU5O[TPC 5VÒEM5GJTUEJÌP



753

753 1,5:1



Õ5VCVGT  X %JT  I )TGKH UKV\V T FCXQT PGITQKFGT -QRH T8KGTIGVGKNVGU +PEWUWO   $CNEGTKP504  #WMVKQP#WHJ·WUGT/ÒPEJGP0T 8QT\ÒINKEJ



$QFGPUVGFV 5 FGWVGVFKG0GIGTMÌRHGCWHHTÒJGPITKGEJKUEJGP/ÒP\GPCNUUCMTCNGU5KPPDKNFDGKFGP-WNVJCPF NWPIGP HÒT #RQNNQ #WEJ KP 6GQU YWTFG #RQNNQ XGTGJTV HTGKNKEJ URKGNVG UGKP -WNV PGDGP FGO ÒDGTO·EJVKIGP   &KQP[UQUMWNVPWTGKPGIGTKPIG4QNNG9GPPFGT0GIGTMQRHCWHWPUGTGO5VÒEMKO5KPPG$QFGPUVGFVU\WFGWVGPKUVUQ DG\KGJV GT UKEJ YCJTUEJGKPNKEJ CWH GKP URG\KGNNGU 'TGKIPKU OÌINKEJGTYGKUG CWH GKPG #PTWHWPI FGU 1TCMGNU FGU   #RQNNQPKOPCJGP-NCTQU

754

755

756

757

758



Õ5VCVGT  X %JT  I )TGKH UKV\V T FCXQT PGITQKFGT -QRH T8KGTIGVGKNVGU +PEWUWO   $CNEGTKP504  #WMVKQP#WHJ·WUGT/ÒPEJGP0T 4CPFTK­UGJTUEJÌP





Õ5VCVGTX%JTI)TGKHUKV\VTFCXQT(TCWGPMQRHT8KGTIGVGKNVGU+PEWUWO$CNEGT KP504  #WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T )WVGUUGJTUEJÌP





Õ5VCVGT  X %JT  I )TGKH UKV\V T FCXQT 5EJYCP8KGTIGVGKNVGU +PEWUWO $CNEGT KP   504 .GKEJVMQTTQFKGTVUGJTUEJÌP





Õ5VCVGT  X %JT  I )TGKH UKV\V T FCXQT 9GKPVTCWDG WPF $NCVV8KGTIGVGKNVGU +PEW   UWO$CNEGTKP504 7PTGIGNO·­KICWUIGRT·IVUGJTUEJÌP





Õ5VCVGT  X %JT  I )TGKH UKV\V T FCXQT 9GKPVTCWDG WPF $NCVV8KGTIGVGKNVGU +PEW   UWO$CNEGTKP504 -N5EJTÌVNKPIUTK­IWVGUUGJTUEJÌP

 91


759

760

1,5:1

761

1,5:1

1,5:1

1,5:1



Õ6GVCTVGOQTKQPX%JTI)TGKHGPMQRHT8KGTIGVGKNVGU+PEWUWO$CNEGTKP504 XGTIN 5GJTUEJÌP





Õ6TKJGOKQDQNX%JTI)TGKHUKV\VTFCXQT#UVTCICN8KGTIGVGKNVGU+PEWUWO$CNEGT KP504XGTIN 5GJTUEJÌP





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762



763

764

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&CVKGTWPIPCEJ0KEJQNCU*CTFYKEM

765

766

1,5:1

1,5:1



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768 767

1,5:1

1,5:1



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92

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770

771 770



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772 1,5:1



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773









774

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775



1,5:1

776 Æ

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93


777



779

1,5:1

778

779

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780

1,5:1



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782

781 1,5:1

783

784

1,5:1



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785

786

787



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94


789

788

1,5:1

790

1,5:1



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791



793

792

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794

1,5:1

795

1,5:1



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796

797

798

799



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800 801

1,5:1

802

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804

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807

806

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810 813

812 1,5:1

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819 Å

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820

821

822 Æ

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825

826

827



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829

831

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Õ5VCVGTX%JTI'DGTRTQVQOGN3WCFTCVWOKPEWUWOOKVDGVQPVGP'EMGP$CDGNQP 6TCKV¾RN::+50)X#WNQEMXGTIN8KUOCTC++XGTIN 'VYCU$GNCIUGJTUEJÌP



'ZGORNCT FGT 5COONWPI /CTQYUM[ #WMVKQP (TKV\ 4WFQNH -ÒPMGT  1UPCDTÒEM  0T  WPF FGT   #WMVKQP)*KTUEJ/ÒPEJGP0T

835



837

836

838

Õ5VCVGT  X %JT  I )GHNÒIGNVG 'DGTRTQVQOG N#EJVIGVGKNVGU 3WCFTCVWO KPEWUWO   FTGK 5GIOGPVG MCTKGTV GKP 5GIOGPV RWPMVKGTV $CDGNQP 6TCKV¾  $/%  50) X #WNQEM  XCT   8KUOCTC++HH (CUVUGJTUEJÌP



'ZGORNCTFGT5COONWPI/CTQYUM[#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



Õ5VCVGT  X %JT  I )GHNÒIGNVG 'DGTRTQVQOG N3WCFTCVWO KPEWUWO OKV .KPKGPOW   UVGT$CDGNQP6TCKV¾$/%50)X#WNQEM50)%QR8KUOCTC++HH 445GJTUEJÌP



'ZGORNCTFGT5COONWPI/CTQYUM[#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



Õ5VCVGTX%JTI'DGTRTQVQOGN7PTGIGNO·­KIGU+PEWUWO$CDGNQP6TCKV¾ $/%50)X#WNQEMXGTIN8KUOCTC++ 445GJTUEJÌP



'ZGORNCTFGT5COONWPI/CTQYUM[#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T  $GKX#WNQEMYKTFFCU0QOKPCNCNU6GVTQDQNDG\GKEJPGVFCUYÒTFGCDGTDGFGWVGPFCGUQHHGPUKEJVNKEJGKP&TKVVGN FGT 5VCVGTG YKGIV FC­ FKG 5VCVGTG FGP 9GTV XQP  1DQNGP J·VVGP F J GU Y·TGP &KFTCEJOGP KP YGNEJGO (W­   CWEJKOOGT



(TÒJF[PCUVKUEJG2T·IWPIGPÕ5VCVGTX%JTI'DGTRTQVQOGT+P3WCFTCVWOKPEW UWO .ÌYGPOCUMG KO 5VTKEJSWCFTCV $CDGNQP 6TCKV¾  XGTIN ++   $/%  50) X #WNQEM    50)%QR8KUOCTC++ UVGORGNINGKEJ! 9CIIQPGT4QUGP%QNN UVGORGNINGKEJ!   4UNGKEJVFG\GPVTKGTVUGJTUEJÌP



'ZGORNCTFGT5COOMWPI/CTQYUM[#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T

99


839



840

841

Õ5VCVGTX%JTI'DGTRTQVQOGNCWHFGT5EJWNVGT-8$8KGTIGVGKNVGU3WCFTCVWOKP EWUWO$CDGNQP6TCKV¾$/%XCT50)X#WNQEM50)%QR8KUOCTC++XCT 5GJTUEJÌP



'ZGORNCTFGT5COONWPI/CTQYUM[#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



Õ5VCVGTX%JTWPDGUVKOOVG/ÒP\UV·VVGI'DGTRTQVQOGNFCTCWH-8$ TGVTQITCF 3WC FTCVWOKPEWUWOOKVLWPFFTGK'KP\ÒIGP$CDGNQP6TCKV¾++$/% 4UUVGORGNINGKEJ 50) X#WNQEM50)%QR8KUOCTC++XCT 48UNGKEJVFG\GPVTKGTVUGJTUEJÌP



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Õ5VCVGT  X %JT  I 'DGTRTQVQOG N+P 3WCFTCVWO KPEWUWO .ÌYGPMQRH N KP 2GTN   NKPKG $CDGNQP 6TCKV¾ ++  DKU 6GVTCFTCEJOG  $/%  XGTIN 6H :.+++  50) X #WNQEM    8KUOCTC++ 4UUVGORGNINGKEJ 9CIIQPGT4QUGP%QNN 44'VYCU$GNCIUGJTUEJÌP

842



843



844

Õ5VCVGT  X %JT  I 'DGTRTQVQOG T7PTGIGNO·­KIGU 3WCFTCVWO KPEWUWO $CDGNQP   6TCKV¾$/%50)X#WNQEM50)%QR8KUOCTC++XGTIN9CIIQPGT4QUGP%QNN 5GJTUEJÌP



'ZGORNCT FGT 5COONWPI /CTQYUM[ #WMVKQP (TKV\ 4WFQNH -ÒPMGT  1UPCDTÒEM  0T  WPF FGT   #WMVKQP)*KTUEJ/ÒPEJGP0T  &KG5EJKNFMTÌVGJCVMGKPG+PPGP\GKEJPWPI



Õ5VCVGTX%JTI'DGTT+P3WCFTCVWOKPEWUWO5EJKNFMTÌVGKP2GTNNKPKG$CDGNQP 6TCKV¾++$/%XGTIN50)X#WNQEM8KUOCTC++9CIIQPGT4QUGP%QNN 44(CUVUGJTUEJÌP



'ZGORNCT FGT 5COONWPI /CTQYUM[ #WMVKQP (TKV\ 4WFQNH -ÒPMGT  1UPCDTÒEM  0T  WPF FGT   #WMVKQP)*KTUEJ/ÒPEJGP0T  &KG5EJKNFMTÌVGJCVMGKPG+PPGP\GKEJPWPI



Õ5VCVGTX%JTI'DGTRTQVQOGN6TKUMGNKUKP2GTNSWCFTCV50)X#WNQEMXCT 8KUOCTC++ 5GJTUEJÌP

1,5:1

845

846



1,5:1



Õ5VCVGTX%JTI'DGTN6TKUMGNKUKP2GTNSWCFTCV8KUOCTC++



7PDGUVKOOVGT&[PCUVÕ6TKJGOKQDQN2CVCTCI-QRHFGT#RJTQFKVGTFCJKPVGT&KUMGNKU#F NGTUVGJVTFCXQT&KUMGNKU$CDGNQP6TCKV¾++$/%50)X#WNQEM8KUOCTC++  8QT\ÒINKEJ

5GJTUEJÌP

 

#NU/ÒP\UV·VVGMÌPPVGCWEJ2KPCTCKP(TCIGMQOOGP

847

848



Õ5VCVGT  X %JT  I 'DGTRTQVQOG N6TKUMGNGU KP 3WCFTCVWO KPEWUWO FCTWPVGT 0   $CDGNQP6TCKV¾XCT$/%50)X#WNQEM8KUOCTC++ 5GJTUEJÌP





'TDDKPCÕ5VCVGTX%JT6GNOGUUQU ! I#VJGPCMQRHTOKVCVVKUEJGO*GNO+PTWP FGO+PEWUWOLRBBENA$·TVKIGT*GTCMNGUMQRHKO.ÌYGPHGNNTFCXQT-GWNG$CDGNQP6TCKV¾$/% *WTVGT6KUUCRJGTPGU(WPFKP'UUC[UKP*QPQTQH/CTICTGV6JQORUQPXGTIN8KUOCTC++ /ÎTMJQNO<CJNG-JGTGK 8QTFGTUGKVGFG\GPVTKGTVUGJTUEJÌPpXQT\ÒINKEJ



100


850

849

851

854

853

852



-WRTKNNK Õ5VCVGT  X %JT  I 'DGTMQRH X X6TKUMGNKU KP 2GTNSWCFTCV #WMVKQP #WE   VKQPGU#)$CUGN0T FKGU'ZGORNCT 5QPUVYQJNWPGFKGTV 5GJTUEJÌP





Õ5VCVGTX%JTI5VKGTUVÌ­VNFCTÒDGT6TKUMGNKU+P3WCFTCVWOKPEWUWOKOPRL LE VGKNYGKUGTGVTQITCF 6TKUMGNKUKP2GTNNKPKG$CDGNQP6TCKV¾$/%/ÎTMJQNO<CJNG-WRTTNK 50)X#WNQEM8KUOCTC 445GJTUEJÌP



'ZGORNCTFGT5COONWPI/CTQYUM[#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



Õ5VCVGTX%JT.KO[TCI<KGIGMPKGVNFCXQT6TKUMGNKUFCTÒDGTMQTKPVJKUEJGT*GNO +P TWPFGO +PEWUWO 6TKUMGNKU KP 2GTNNKPKG $CDGNQP 6TCKV¾  $/%  /ÎTMJQNO<CJNG -WRTTNK     XGTIN50)X#WNQEM50)%QR8KUOCTC++ 445GJTUEJÌP



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UVGORGNINGKEJ  44-N5EJTÌVNKPIUHGJNGTUGJTUEJÌP



855 856

1,5:1





/KVJTCRCVCX%JTÕ&KQDQNX%JTI.ÌYGPOCUMG+P3WCFTCVWOKPEW UWO6TKUMGNKU$CDGNQP6TCKV¾++XGTIN50)X#WNQEM8KUOCTCXGTIN  )WVGUUGJTUEJÌP



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858 857

859 1,5:1

1,5:1



Õ&KQDQNX%JTI.ÌYGPOCUMGXX6TKUMGNKU8KUOCTC++

5GJTUEJÌP





-4#)15 Õ &TCEJOG  X %JT  I #TVGOKUMQRH T-ÌEJGT N <YGKI 6TQZGNN    5GJTUEJÌP





/#5+-;6'5Õ&TCEJOGX%JTI#TVGOKUMQRHT-ÌEJGTN(CEMGN6TQZGNN 5GJTUEJÌP

 101


2#/2*;.+#

860

862

861

864

863



#52'0&15 Õ5VCVGT  X %JT  I <YGK 4KPIGT+P +PEWUWO 5EJNGWFGTGT T FCXQT   6TKUMGNKUÒDGT#FNGT50)(TCPEG50)X#WNQEM 8QT\ÒINKEJ





Õ5VCVGT  X %JT  I <YGK 4KPIGT+P +PEWUWO 5EJNGWFGTGT T FCXQT 6TKUMGNKU ÒDGT   #FNGT50)(TCPEG50)X#WNQEMXGTIN 5GJTUEJÌPXQT\ÒINKEJ





Õ5VCVGT  X %JT  I <YGK 4KPIGT+P +PEWUWO 5EJNGWFGTGT T FCXQT 6TKUMGNKU   50)X#WNQEM 5GJTUEJÌP





Õ5VCVGT  X %JT  I <YGK 4KPIGT+P +PEWUWO 5EJNGWFGTGT T FCXQT 6TKUMGNKU   50)(TCPEG50)X#WNQEM 5GJTUEJÌP





Õ5VCVGT  X %JT  I <YGK 4KPIGT+P +PEWUWO 5EJNGWFGTGT T FCXQT 6TKUMGNKU   50)X#WNQEM 5GJTUEJÌP



1,5:1 865

866

867

868

1,5:1



Õ5VCVGT  X %JT  I <YGK 4KPIGT5EJNGWFGTGT T FCXQT 6TKUMGNKU $/%  50)   X#WNQEM50)%QR 6GKNYGKUGUEJYCEJCWUIGRT·IVXQT\ÒINKEJ





5+&' Õ5VCVGT  X %JT  I #VJGPC 2CTVJGPQU UVGJV N FCXQT )TCPCVCRHGN#RQNNQ   UVGJVNOKV2CVGTCWPFNCPIGO.QTDGGT\YGKIFCXQT#NVCTT4CDG#VNCP  442T·IGUEJY·EJGUQPUVUVGORGNHTKUEJ



Õ&TCEJOG  ,CJTJWPFGTV X %JT  I #VJGPCMQRH T OKV MQTKPVJKUEJGO *GNO0KMG IGJV N   OKV-TCP\KO(GNFN)TCPCVCRHGN/QPQITCOOWPF'$/%50)%QR50)(TCPEG50)X #WNQEM 44#WUIG\GKEJPGVGT5VKNXQT\ÒINKEJ





6GVTCFTCEJOGP OKV FGO /QPQITCOO WPF ' WPUGTGU 5VÒEMGU MQOOGP J·WHKI XQT \ $ 50) (TCPEG   HH    FKG&TCEJOGKUVLGFQEJUGJTUGNVGP&GT)TCPCVCRHGN ITKGEJKUEJ5KFG YCTFCUURTGEJGPFG9CRRGPFGT5VCFV



Õ1DQN  ,CJTJWPFGTV X %JT  I #VJGPCMQRH T OKV MQTKPVJKUEJGO *GNO.ÌYGPMQRH N   50)(TCPEG50)X#WNQEM (CUVXQT\ÒINKEJ





Õ1DQN  ,CJTJWPFGTV X %JT  I #VJGPCMQRH T OKV MQTKPVJKUEJGO *GNO.ÌYGPMQRH N   50) (TCPEG   50) X #WNQEM  &C\W \YGK “2T·IWPIGP CWU 2CORJ[NKC GKPG CWU 5KFG   UQYKGGKPG2T·IWPIFGU#PVQPKPWU2KWUCWU2GTIG  5VÒEM5GJTUEJÌP



102


2+5+&+#

870 Æ



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$/% $GK\GKEJGP5EJNCPIGWPF#UVTCICNQU 5VÒEM(CUVXQT\ÒINKEJ



%+.+%+#

872 873 Æ

1,5:1

1,5:1

874



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#+)'#+ “U  X %JT  I 6[EJGMQRH T OKV /CWGTMTQPG2HGTFGMQRH T FCJKPVGT   /QPQITCOO$NQGUEJKP#05/0  HH 5GJTUEJÌP





+5515$CNCMTQUX%JT5CVTCRÕ5VCVGTI#VJGPCMQRHHCUVXX$CCNVCTUUKV\VN FCXQTJTGWPF9GKPVTCWDGFCJKPVGT$50)(TCPEG50).GXCPVG 45GJTUEJÌP



875

876

1,5:1

1,5:1



-'.'0&'4+5Õ5VCVGTX%JTI4GKVGTUGKVY·TVUN<KGIGN50).GXCPVGXGTIN .GKEJVFG\GPVTKGTVGVYCUMQTTQFKGTVUGJTUEJÌP





Õ5VCVGTX%JTI0CEMVGT4GKVGTT<KGIGN-QRH\WTÒEMIGYCPFVQDGP'HGWDNCVV $/%50)(TCPEG50).GXCPVG50)X#WNQEM  #VVTCMVKXGU'ZGORNCTUGJTUEJÌPpXQT\ÒINKEJ



'ZGORNCTFGT#WMVKQP)KGUUGPGT/ÒP\JCPFNWPI/ÒPEJGP0T

877 1,5:1

1,5:1

1,5:1

878

1,5:1



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Õ5VCVGTX%JTI#RJTQFKVGMQRHTOKV&KCFGOWPF5RJGPFQPG5CVTCRGPMQRHTOKV RGTUKUEJGT6KCTC50)(TCPEGXGTINHH50).GXCPVG  (GKPGT5VKNCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT6ÌPWPI

 103


880

879 Æ

881



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882 1,5:1



1,5:1

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884

883



886

885



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Õ5VCVGTX%JTI#RJTQFKVGUKV\VNXQP'TQUDGMT·P\VWPVGP/CWU&KQP[UQUUVGJV NOKV4GDGPWPF6J[TUQUKO(GNFNTGEJVGEMKIGT)GIGPUVGORGN#FNGTTFCXQT&TGK\CEM.GFGTGT )GIGPUVGORGN+OJQQH$NWOGT-NGKPCUKCVKUEJG/ÒP\GP5  /KP2TÒHGKPJKGDUGJTUEJÌPpXQT\ÒINKEJ



51.1+ Õ5VCVGT  X %JT  I #VJGPCMQRH T OKV CVVKUEJGO *GNO )TGKH CNU *GNO\KGT   9GKPVTCWDG50)(TCPEG50).GXCPVG 5GJTUEJÌP





1,5:1

888

1,5:1

887



6#4515Õ5VCVGTX%JTI4GKVGTN-TKGIGTMPKGVTOKV5EJKNFWPF.CP\G50) (TCPEG50).GXCPVG 445EJÌP





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&KG<WYGKUWPIKUVPKEJVIGUKEJGTV

104


1,5:1

889

1,5:1 890



2JCTPCDC\QU  X %JT Õ1DQN  I (TCWGPMQRH X X&TCRKGTVG $ÒUVG FGT #RJTQFKVG T   50)(TCPEG50).GXCPVG #XGTUNGKEJVFG\GPVTKGTVUGJTUEJÌP



/ÌINKEJGTYGKUGYWTFGFCU5VÒEMCWEJWPVGT&CVCOGUIGRT·IV



&CVCOGU  X %JT 5CVTCR Õ5VCVGT  I $CCNVCTU UKV\V T OKV JTG 6TCWDGP WPF   #FNGT\GRVGT FCPGDGP 6J[OKCVGTKQP#PC WPF &CVCOGU UVGJGP GKPCPFGT IGIGPÒDGT FC\YKUEJGP 6J[   OKCVGTKQP50)(TCPEG50).GXCPVG  #VVTCMVKXGU'ZGORNCTOKVHGKPGT2CVKPCNGKEJVFG\GPVTKGTVIWVGUUGJTUEJÌP

891





892

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&GT8QTFGTUGKVGPV[RFÒTHVGXQPU[TCMWUCPKUEJGP/ÒP\GPOKVFGO#TGVJWUCMQRHGPHCEGKPURKTKGTVUGKP



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893 1,5:1



1,5:1

Õ5VCVGT  I $CCNVCTU UKV\V N OKV #FNGT JTG 9GKPVTCWDG WPF <GRVGT.ÌYG N UEJN·IV 5VKGT N   50).GXCPVG 8QT\ÒINKEJ



896

894

1,5:1

1,5:1

895



Õ5VCVGT  I $CCNVCTU UKV\V N OKV #FNGT JTG 9GKPVTCWDG WPF <GRVGT.ÌYG N UEJN·IV 5VKGT N   50).GXCPVG $TGKVGT(NCPXQT\ÒINKEJ





Õ5VCVGT  I $CCNVCTU UKV\V N OKV #FNGT JTG 9GKPVTCWDG WPF <GRVGT.ÌYG N UEJN·IV 5VKGT N   50).GXCPVG 8QT\ÒINKEJ





$CNCMTQU  X %JT 5CVTCR Õ1DQN  I #VJGPCMQRH T OKV CVVKUEJGO *GNO5EJKNF   50)(TCPEG50).GXCPVG 5GJTUEJÌP

 105


%;2475

1,5:1



897

1,5:1

5#.#/+5 'WCIQTCU ++  X %JT Õ1DQN  I )TQ­MÌPKI KO -PKGNCWH T OKV $QIGP   WPF 5RGGT5CVTCRGPMQRH T $CDGNQP .GU 2GTUGU #EJGOGPKFGU 0T  -NGKP  50) (TCPEG     50)-C[JCP50).GXCPVG 445GJTUEJÌP



&KG<WYGKUWPIKUVPKEJVIGUKEJGTVCNVGTPCVKXM·OGCWEJGKPGWPDGUVKOOVGMKNKMKUEJG/ÒP\UV·VVGKP$GVTCEJV

5;4+#

898







899

901

900

-¤0+)4'+%*5GNGWMQU+X%JTÕ6GVTCFTCEJOGPCEJX%JT'MDCVCPCI *GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQRJQTQUUKV\VNFCXQT#PMGT*QWIJVQP.QTDGT0GYGNN '5/50)5RCGT /KP-TCV\GTCWHFGO4GXGTUUGJTUEJÌP



Õ6GVTCFTCEJOGX%JT'MDCVCPCI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU#GVQRJQTQU UKV\V N FCXQT /QPQITCOO #PMGT 2TQVQOG GKPGU ITCUGPFGP 2HGTFGU WPVGT 6JTQP SW *QWIJVQP   .QTDGT0GYGNN'5/50)5RCGT 5GJTUEJÌP



Õ6GVTCFTCEJOG XQT  X %JT WPDGUVKOOVG /ÒP\UV·VVG  I *GTCMNGUMQRH KO .ÌYGPHGNN T   <GWU #GVQRJQTQU UKV\V N FCXQT WPF WPVGT FGO 6JTQP LG GKP /QPQITCOO *QWIJVQP.QTDGT  D   0GYGNN95/50)5RCGT (CUVUGJTUEJÌP



&KG/ÒP\UV·VVGFÒTHVGKP-CRRCFQMKGPFGOÌUVNKEJGP5[TKGPQFGTFGOPÌTFNKEJGP/GUQRQVCOKGP\WUWEJGPUGKP



Õ6GVTCFTCEJOGRQUVJWOX%JT2GTICOQPI*GTCMNGUMQRHKO.ÌYGPHGNNT<GWU #GVQRJQTQU UKV\V N N #VJGPCMQRH T WPVGT FGO 6JTQP 1XCN *QWIJVQP.QTDGT  F 0GYGNN 95/   50)5RCGT )WVGUUGJTUEJÌP



904 Æ

902





 106

903

#PVKQEJQU+X%JTÕ6GVTCFTCEJOGX%JT5GNGWMGKCCF6KITKOI *GTCMNGUMQRHKO.ÌYGPHGNNT<GWU0KMGRJQTQUUKV\VN*QWIJVQP.QTDGTD0GYGNN'5/ 50)5RCGT 4(CUVUGJTUEJÌP



Õ6GVTCFTCEJOGX%JT5GNGWMGKCCF6KITKOI-QRHTOKV&KCFGO#RQNNQUKV\VN CWH1ORJCNQUOKV2HGKNWPF$QIGP*QWIJVQP.QTDGTE0GYGNN'5/50)5RCGT  5GJTUEJÌP



5GNGWMQU++X%JT“U5CTFGUI#VJGPCMQRHTOKVMQTKPVJKUEJGO*GNO#RQNNQUVGJVN OKV2HGKNWPF$QIGP*QWIJVQP.QTDGTXCT50)5RCGTXCT 5GJTUEJÌP




906

905





5GNGWMQU+++X%JTÕ6GVTCFTCEJOG5GNGWMGKCCF6KITKOI-QRHTOKV&KCFGO #RQNNQUKV\VNCWH1ORJCNQUOKV2HGKNWPF$QIGP*QWIJVQP.QTDGT0GYGNN'5/50) 5RCGT #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



#PVKQEJQU+++X%JTÕ6GVTCFTCEJOGPCEJX%JT'FGUUC ! I-QRHTOKV &KCFGO#RQNNQUKV\VNCWH1ORJCNQUOKV2HGKNWPF$QIGPN4QUG*QWIJVQP.QTDGT0GYGNN '5/50)5RCGTXGTIN 5GJTUEJÌP



'ZGORNCTFGT#WMVKQP*KTUEJ0T  #PVKQEJQU +++ YCT FGT NGV\VG DGFGWVGPFG 5GNGWMKFG &WTEJ UGKPG #PCDCUKU PCEJ 1UVGP JCVVG GT HÒT MWT\G <GKV PQEJ   GKPOCN FKG 8QTJGTTUEJCHV DKU $CEVTKGP CWUIGFGJPV #WEJ KO 9GUVGP YCT GT \WP·EJUV GTHQNITGKEJ 'T PCJO FGP   2VQNGO·GTP 5ÒFU[TKGP CD WPF HGUVKIVG UGKPG 5VGNNWPI KP -NGKPCUKGP 'T ÒDGTUEJTKVV UQICT FGP *GNNGURQPV WPF DCWVG   .[UKOCEJGKC YKGFGT CNU 4GUKFGP\ CWH GWTQR·KUEJGO $QFGP CWH &CU TKGH CDGT FKG 4ÌOGT CWH FGP 2NCP <WUCOOGP   OKV'WOGPGU++XQP2GTICOQPUEJNWIGPUKG#PVKQEJQU+++X%JTDGK/CIPGUKCXGTPKEJVGPF+O(TKGFGPXQP #RCOGKCOW­VGGTCNNG)GDKGVGYGUVNKEJFGU6CWTQUCDVTGVGPFCKP\YKUEJGPCWEJYGKVG)GDKGVGKO1UVGPXGTNQTGP IGICPIGPYCTGPYWTFGFCU5GNGWMKFGPTGKEJCWHFKG)GDKGVG\YKUEJGP2JÌPK\KGPWPF$CD[NQPKGPDGUEJT·PMV

907

908



909

Õ&TCEJOGX%JT#RCOGCI-QRHTOKV&KCFGO'NGHCPVTFCXQT/QPQITCOO *QWIJVQP.QTDGT0GYGNN'5/50)5RCGT 5GJTUEJÌP



'ZGORCTFGT#WMVKQP)QTP[/QUEJ/ÒPEJGP0T





Õ6GVTCFTCEJOG  X %JT #PVKQEJKC  I -QRH T OKV &KCFGO#RQNNQ UKV\V N CWH   1ORJCNQUOKV2HGKNWPF$QIGP*QWIJVQP.QTDGT0GYGNN95/50)5RCGT  *QJGU4GNKGHUGJTUEJÌP



#PVKQEJQU+8X%JTÕ6GVTCFTCEJOGX%JT#MG2VQNGOCKUI-QRHT OKV&KCFGO<GWU0KMGRJQTQUUKV\VN/ÎTMJQNO #2 50)5RCGT 5GJTUEJÌP



910

911

912



Õ6GVTCFTCEJOG  X %JT #MG2VQNGOCKU  I -QRH T OKV &KCFGO<GWU 0KMGRJQTQU   UKV\VN/ÎTMJQNO # 50)5RCGT .GKEJVGT(WPFDGNCICWHFGO4GXGTUXQT\ÒINKEJ





Õ6GVTCFTCEJOGX%JT#PVKQEJKCI-QRHTOKV&KCFGO<GWU0KMGRJQTQUUKV\VN /ÎTMJQNO # 50)5RCGT 5GJTUEJÌP





Õ6GVTCFTCEJOGX%JT#PVKQEJKCI-QRHTOKV&KCFGO<GWU0KMGRJQTQUUKV\VN /ÎTMJQNO # 50)5RCGT (CUVXQT\ÒINKEJ



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T

107


913

914

915

916



Õ6GVTCFTCEJOGX%JT#PVKQEJKCI-QRHTOKV&KCFGO<GWU0KMGRJQTQUUKV\VN /ÎTMJQNO # 50)5RCGT 8QT\ÒINKEJ





&GOGVTKQU +  X %JT Õ6GVTCFTCEJOG EC  X %JT #PVKQEJKC  I -QRH T   OKV&KCFGO6[EJGUKV\VNOKV<GRVGTWPF(ÒNNJQTP0GYGNN#PVKQEJ50)5RCGT 5GJTUEJÌP





Õ6GVTCFTCEJOG ,CJT  UGNGWMKFKUEJGT TC   X %JT  #PVKQEJKC  I -QRH T OKV   &KCFGO6[EJGUKV\VNOKV<GRVGTWPF(ÒNNJQTP0GYGNN#PVKQEJ50)5RCGT  8QTFGTUGKVGFG\GPVTKGTVIWVGUUGJTUEJÌP



Õ6GVTCFTCEJOG #PVKQEJKC  I -QRH T OKV &KCFGO6[EJG UKV\V N CWH 6JTQP OKV <GRVGT WPF   (ÒNNJQTP0GYGNN#PVKQEJ50)5RCGT (GKPGU2QTVT·VUGJTUEJÌP





917









918

919

920

#NGZCPFGT +  X %JT Õ6GVTCFTCEJOG ,CJT  UGNGWMKFKUEJGT TC   X %JT    5KFQPI-QRHTOKV&KCFGO<GWU0KMGRJQTQUUKV\VNWPVGTFGO6JTQP#RJNCUVQP*QWIJVQP 50)5RCGT (CUVXQT\ÒINKEJ



Õ6GVTCFTCEJOG,CJTUGNGWMKFKUEJGTTC X%JT $GT[VQUI&TCRKGTVG$ÒUVG TOKV&KCFGO#FNGTOKV2CNO\YGKICWH2TQTCNFCXQT/QPQITCOOFCJKPVGT&TGK\CEM5RCGT/QTG QPVJG2VQNGOCKE%QKPUQH#TCFQU6H.:+ FKGU'ZGORNCT 50)5RCGT 445GJTUEJÌP



Õ5EJGMGN,CJTUGNGWMKFKUEJGTTC X%JT 6[TQUI&TCRKGTVG$ÒUVGTOKV &KCFGO#FNGT OKV 2CNO\YGKI CWH 2TQTC N FCXQT -GWNG WPF /QPQITCOO 0GYGNN 6[TG  50)   5RCGT 5EJTÌVNKPIUHGJNGTCWHFGO4GXGTUHCUVXQT\ÒINKEJ



#PVKQEJQU8+X%JTÕ6GVTCFTCEJOG,CJTUGNGWMKFKUEJGTTC X%JT  #PVKQEJKC  I -QRH T OKV 5VTCJNGPDKPFG&KG &KQUMWTGP TGKVGP N 0GYGNN #PVKQEJ  50)   5RCGT 5GJTUEJÌP



6T[RJQP FGT CWH FGO 4GXGTU FKGUGT 6GVTCFTCEJOG GTY·JPV YKTF JCVVG #PVKQEJQU 8+ IGIGP &GOGVTKQU ++ CWH   FGP 6JTQP IGDTCEJV NKG­ KJP CDGT YGPKIG ,CJTG UR·VGT GTOQTFGP WO UGNDUV FKG -ÌPKIUDKPFG \W VTCIGP 7PUGT   5VÒEMUVCOOVCWUFGONGV\VGP.GDGPULCJTFGU#PVKQEJQU8+

108


922

921





Õ6GVTCFTCEJOG ,CJT  UGNGWMKFKUEJGT TC   X %JT  #PVKQEJKC  I -QRH T OKV   5VTCJNGPDKPFG&KG&KQUMWTGPTGKVGPN0GYGNN#PVKQEJXGTINHH50)5RCGT  4GXGTUNGKEJVGT&QRRGNUEJNCIUGJTUEJÌP



&GOGVTKWU ++  4GIKGTWPI  X %JT Õ5EJGMGN ,CJT  UGNGWMKFKUEJGT TC     X%JT 6[TQUI&TCRKGTVG$ÒUVGTOKV&KCFGO#FNGTOKV2CNO\YGKICWH2TQTCNFCXQT-GWNG WPF/QPQITCOO0GYGNN6[TG50)5RCGT 5GJTUEJÌP



923

927

924

925

926



Õ5EJGMGN ,CJT  UGNGWMKFKUEJGT TC    X %JT  5KFQP  I -QRH T OKV &KCFGO   #FNGTUVGJVNOKV2CNO\YGKIFCJKPVGT#RJNCUVQP50)5RCGTHH (CUVXQT\ÒINKEJ





#PVKQEJQU8++X%JTÕ5EJGMGN,CJTUGNGWMKFKUEJGTTC X%JT 6[TQU  I -QRH T OKV &KCFGO#FNGT OKV 2CNO\YGKI CWH 2TQTC N FCXQT -GWNG WPF /QPQITCOO   0GYGNN6[TG50)5RCGT (GKPG2CVKPCXQT\ÒINKEJ



'ZGORNCTFGT#WMVKQP-ÒPMGT1UPCDTÒEM0TWPFFGT#WMVKQP-ÒPMGT1UPCDTÒEM0T



Õ5EJGMGN ,CJT  UGNGWMKFKUEJGT TC    X %JT  6[TQU  I -QRH T OKV &KCFGO   #FNGTOKV2CNO\YGKICWH2TQTCNFCXQT-GWNGWPF/QPQITCOO0GYGNN6[TG50)5RCGT 5GJTUEJÌP





Õ6GVTCFTCEJOG#PVKQEJKCI-QRHTOKV&KCFGO#VJGPC0KMGRJQTQUUVGJVN0GYGNN#PVKQ EJKC50)5RCGT )WVGUUGJTUEJÌP





Õ6GVTCFTCEJOG#PVKQEJKCI-QRHTOKV&KCFGO#VJGPC0KMGRJQTQUUVGJVN0GYGNN#PVKQ EJKC50)5RCGT 5GJTUEJÌP



928

929



Õ6GVTCFTCEJOG#PVKQEJKCI-QRHTOKV&KCFGO#VJGPC0KMGRJQTQUUVGJVN0GYGNN#PVKQ EJKC50)5RCGT 5GJTUEJÌP





&GOGVTKQU++4GIKGTWPIX%JTÕ5EJGMGN,CJTUGNGWMKFKUEJGTTC X %JT 6[TQUI-QRHTOKV&KCFGO#FNGTOKV2CNO\YGKICWH2TQTCNFCXQT-GWNGWPF/QPQ ITCOO0GYGNN6[TG50)5RCGT 5GJTUEJÌP

 109


930 1,5:1

1,5:1



Õ6GVTCFTCEJOG,CJTUGNGWMKFKUEJGTTC X%JT &COCUEWUI-QRHTOKV &KCFGO<GWU0KMGRJQTQUUKV\VN0GYGNN.5/50)5RCGT 45GJTUEJÌP

932

931



-NGQRCVTC 6JGC WPF #PVKQEJQU 8+++  X %JT Õ6GVTCFTCEJOG #MG2VQNGOCKU  I   $GKFGT$ÒUVGPT<GWU0KMGRJQTQUUKV\VN0GYGNN.5/XGTIN50)5RCGTXGTIN  .GKEJVMQTTQFKGTVUGJTUEJÌP



#PVKQEJQU8+++4GIKGTWPIX%JTÕ6GVTCFTCEJOGX%JT#PVKQEJKCI -QRHTOKV&KCFGO+O-TCP\<GWU7TCPKQUUVGJVNOKV<GRVGTWPF5VGTP0GYGNN#PVKQEJ50) 5RCGT 4CPFTK­XQT\ÒINKEJ



'ZGORNCTFGT#WMVKQP/ÒP\<GPVTWO-ÌNP0T





933

934

935

936



Õ6GVTCFTCEJOG  X %JT #PVKQEJKC  I -QRH T OKV &KCFGO+O -TCP\ <GWU 7TC   PKQUUVGJVNOKV<GRVGTWPF5VGTP0GYGNN#PVKQEJ50)5RCGT )WVGUUGJTUEJÌP





Õ6GVTCFTCEJOG  X %JT #PVKQEJKC  I -QRH T OKV &KCFGO+O -TCP\ <GWU 7TC   PKQUUVGJVNOKV<GRVGTWPF5VGTP0GYGNN#PVKQEJ50)5RCGT 5GJTUEJÌP



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



Õ6GVTCFTCEJOGX%JT#MG2VQNGOCKUI-QRHTOKV&KCFGO+O-TCP\<GWU7TC PKQUUVGJVNOKV<GRVGTWPF5VGTP0GYGNN.5/50)5RCGT 8QT\ÒINKEJ



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



#PVKQEJQU +:  X %JT Õ6GVTCFTCEJOG  X %JT #PVKQEJKC  I -QRH T OKV   &KCFGO#VJGPC0KMGRJQTQUUVGJVN0GYGNN#PVKQEJ50)5RCGT  #VVTCMVKXGUXQT\ÒINKEJGU'ZGORNCT 'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T

110




937

941 Æ

938

939

940



5GNGWMQU8+X%JTÕ6GVTCFTCEJOG5GNGWMGKCCF%CN[ECFPWOI-QRHTOKV&KCFGO #VJGPC0KMGRJQTQUUVGJVN*QWIJVQP5GNGWEKC FKGU'ZGORNCT 50)5RCGT 5GJTUEJÌP





2JKNKRRQU +  X %JT Õ6GVTCFTCEJOG #PVKQEJKC  I -QRH T OKV &KCFGO<GWU 0KMG   RJQTQUUKV\VN0GYGNN#PVKQEJ50)5RCGT 5GJTUEJÌP





Õ6GVTCFTCEJOGWPDGUVKOOVGPQTFU[TKUEJGQFGTMKNKMKUEJG/ÒP\UV·VVGI-QRHTOKV&KCFGO <GWU0KMGRJQTQUUKV\VN50)5RCGT 5GJTUEJÌP





6KITCPGU  X %JT Õ6GVTCFTCEJOG #PVKQEJKC  I &TCRKGTVG $ÒUVG T OKV 6KCTC6[EJG   UKV\VTOKV<YGKICWH(GNUGPFCTWPVGTUEJYKOOV1TQPVGUT$/% 8QT\ÒINKEJ



&KG 4ÒEMUGKVG FKGUGU 5VÒEMGU \GKIV FKG DGTÒJOVG 5VCVWG FGT 6[EJG XQP #PVKQEJKC FKG 'WV[EJKFGU GKP 5EJÒNGT FGU   .[UKRRQUIGUEJCHHGPJCVVG



“U #PVKQEJKC  I &TCRKGTVG $ÒUVG T OKV 6KCTC6[EJG UKV\V T OKV <YGKI WPVGP UEJYKOOGPFGT   (NW­IQVV1TQPVGU$/%XGTINHH 5EJÌPUGJTUEJÌP

942

943

944



945



4ÌOKUEJG 2TQXKP\ PCEJ  X %JT Õ6GVTCFTCEJOG  X %JT #PVKQEJKC #WNWU )CDKPKWU   I-QRHTOKV&KCFGO<GWU0KMGRJQTQUUKV\VN42% )WVGUUGJTUEJÌP





.#1&+-'+##&/#4'Õ6GVTCFTCEJOG,CJT X%JT I6[EJGDÒUVGTOKV /CWGTMTQPG+O-TCP\<GWU#GVQRJQTQUUKV\VN/ÎTMJQNOKP#05/0  XGTIN  8QTFGTUGKVGNGKEJVMQTTQFKGTVUGJTUEJÌP





Õ6GVTCFTCEJOG,CJT X%JT I6[EJGDÒUVGTOKV/CWGTMTQPG+O-TCP\<GWU #GVQRJQTQUUKV\VN/ÎTMJQNOKP#05/0  C 8QTFGTUGKVGNGKEJVMQTTQFKGTVUGJTUEJÌP





Õ6GVTCFTCEJOG,CJT X%JT I6[EJGDÒUVGTOKV/CWGTMTQPG+O-TCP\<GWU 0KMGRJQTQUUKV\VN/ÎTMJQNOKP#05/0  C 5GJTUEJÌP

 111


2*1'0+%+#

947 946

1,5:1

1,5:1

1,5:1

1,5:1



#4#&15 Õ6GVTQDQN  ,CJTJWPFGTV X %JT  I /GGTGUIQVVJGKV NCIGTV T OKV &GNRJKPGP   )CNGGTGTFCTWPVGT*KRRQECORT$/%50)%QR .GKEJVMQTTQFKGTVIWVGUUGJTUEJÌP





Õ 5VCVGT !   X %JT  I -QRH FGU &CIQP QFGT /GNMCTVJ !  T OKV .QTDGGTMTCP\   )CNGGTGTÒDGT9GNNGP-NGKPXGTIN (CUVXQT\ÒINKEJ



948

1,5:1

949

1,5:1



Õ&TCEJOG  ,CJTJWPFGTV X %JT  I $KGPG*KTUEJ UVGJV T XQT 2CNOG $/% XGTIN  HH   50)%QRXGTINHH 8QTFGTUGKVGNGKEJVFG\GPVTKGTVUGJTUEJÌP





Õ&TCEJOGX%JT$KGPG*KTUEJUVGJVTXQT2CNOG$/%50)%QR  4ÒEMUGKVGNGKEJVFG\GPVTKGTVUGJTUEJÌPpXQT\ÒINKEJ



950

951

953

952



Õ6GVTCFTCEJOG ,CJT    X %JT   I 8GTUEJNGKGTVG 6[EJGDÒUVG T OKV /CWGTMTQPG   +P-TCP\0KMGUVGJVNOKV#RJNCUVQP$/% 5GJTUEJÌP





Õ6GVTCFTCEJOG ,CJT   X %JT   I 8GTUEJNGKGTVG 6[EJGDÒUVG T OKV /CWGTMTQPG   +P-TCP\0KMGUVGJVNOKV#RJNCUVQP$/%XGTIN 5GJTUEJÌP





Õ6GVTCFTCEJOG ,CJT    X %JT   I 8GTUEJNGKGTVG 6[EJGDÒUVG T OKV /CWGTMTQPG   +P-TCP\0KMGUVGJVNOKV#RJNCUVQP$/% 5GJTUEJÌP





“U  X %JT  I <GWUMQRH T WPVGP QXCNGT )GIGPUVGORGN #FNGT T6[EJG UVGJV N OKV   #RJNCUVQP(ÒNNJQTPWPF<YGKI$/%XCT )TÒPpDTCWPG2CVKPCUGJTUEJÌP



954

955



$;$.15 #\DCCN WO  X %JT Õ5VCVGT  I )CNGGTG N OKV FTGK *QRNKVGP FCTWPVGT *KR   RQECORNPGDGPFGUUGP5EJYCP\01.ÌYGNUEJ·IV5VKGTN$/%XCT 5GJTUEJÌP





#KPGN WO  X %JT Õ5VCVGT  I )CNGGTG N ÒDGT *KRRQECOR.ÌYG N UEJN·IV 5VKGT N   $CDGNQP6TCKV¾XGTIN2N%8:8++$/% 5GJTUEJÌP



112


956

1,5:1

957

1,5:1

1,5:1

1,5:1



#FTCOGNGMUR·VGU,CJTJWPFGTVX%JTÕ5VCVGTI)CNGGTGNOKV\YGK*QRNKVGP.ÌYGN UEJN·IV5VKGTN$/%XGTIN50)%QRXGTIN 5GJTUEJÌP





5+&10Õ5EJGMGNX%JTI)CNGGTGNÒDGT9GNNGP)TQ­MÌPKIKO-PKGNCWHT OKV$QIGP$GVN[QPKP#05/0  XGTIN 5EJGMGN -NGKP 45GJTUEJÌP



1,5:1



958

1,5:1

959 Æ

#DFB#UJVCTV +  X %JT Õ 5VCVGT  I )CNGGTG N ÒDGT 9GNNGP)TQ­MÌPKI T   GTUEJN·IV.ÌYGP$GVN[QPKP#05/0   5GJTUEJÌP



#DFy#UJVCTV+YKTFKPITKGEJKUEJGP3WGNNGP5VTCVQPIGPCPPV



“U,CJT X%JT I6[EJGMQRHT#UVCTVGKP)CNGGTGN$/%HH  )TÒPG2CVKPCUGJTUEJÌP



+7&#'#

960 Æ



961 Æ

/CVVCVJKCU #PVKIQPWU  X %JT “%JCNMWU  I <YGK (ÒNNJÌTPGT'HGWMTCP\ /GUJQTGT   6TGCUWT[ &WPMNG2CVKPCHCUVUGJTUEJÌP



&C WPVGT FGP ÒDTKIGP *CUOQP·GTP PWT JCNDG ICP\G WPF UGNVGP  FQRRGNVG 2TWVQV IGRT·IV YWTFGP UVKEJV FKGUGU   ITQ­G 0QOKPCN FGU /CVVCVJKCU #PVKIQPWU DGUQPFGTU JGTXQT /GUJQTGT UKGJV FKG 7TUCEJG FGT #WURT·IWPI FKGUGT   DGGKPFTWEMGPFGP ITQ­GP $TQP\GUVÒEMG KP FGT OKNKV·TKUEJGP #WUGKPCPFGTUGV\WPI FGU #PVKIQPQU OKV *GTQFGU WPF   FGP4ÌOGTPFKGKJP\YCPIUKEJ\WRTQHKNKGTGP



#WHUVCPF$CT-QMJDC“U,CJT  I,CJTFGT(TGKJGKVXQP+UTCGN $NCVV5EJKOyQP2CNOG/KNFGPDGTI )TÒPG2CVKPCUGJTUEJÌP

962

963

964



965



Õ&TCEJOG   I 5EJKOyQP KP -TCP\(ÒT FKG (TGKJGKV ,GTWUCNGOU -CPPG T 2CNO   \YGKI/KNFGPDGTI 8QT\ÒINKEJ





Õ&TCEJOG   I 5EJKOyQP 9GKPVTCWDG(ÒT FKG (TGKJGKV ,GTWUCNGOU .[TC /KNFGP   DGTI ªDGTRT·IWPIUURWTGPXQT\ÒINKEJ



&CU5VÒEMYWTFGCWHGKPG&TCEJOGCWU%CGUCTGC%CRRCFQEKCGÒDGTRT·IV



Õ&TCEJOG   I 5EJKOyQP 9GKPVTCWDG(ÒT FKG (TGKJGKV ,GTWUCNGOU .[TC /KNFGP   DGTI 8QT\ÒINKEJ





Õ&TCEJOG   I 5EJKOyQP KP -TCP\(ÒT FKG (TGKJGKV ,GTWUCNGOU -CPPG T 2CNO   \YGKI/KNFGPDGTI ªDGTRT·IWPIUURWTGPUGJTUEJÌP

 113


#4#$+#('.+:

967

966



*+/;#4+6'0 Õ*GOKFTCEJOG  ,CJTJWPFGTV P %JT  I /·PPNKEJGT -QRH N$WMTCPKQO   OKV#PVKNQRGPJÌTPGTPXX$/%50)#05 8QT\ÒINKEJ





5#$'4 Õ&TCEJOG PCEJ CVVKUEJGO 6[R  ,CJTJWPFGTV X %JT  I #VJGPCMQRH T CWH FGT   9CPIG0'WNGT$/%HH50)#05XGTINHH 5GJTUEJÌP



$#$;.10+#

968



$#$;.10 Õ6GVTCFTCEJOG WO  X %JT  I $CCN UKV\V N OKV <GRVGT.ÌYG N FCTÒDGT   D/KVEJKPGT+PFQITGGMUL 8QTFGTUGKVGNGKEJVXGTRT·IVUGJTUEJÌP



2#46*+#

970

971

969



969

/KVJTCFCVGU ++  X %JT Õ6GVTCFTCEJOG 5GNGWMGKC  I &TCRKGTVG $ÒUVG N OKV &KC   FGO#TUCMGUUKV\VTOKV$QIGPFCXQT2CNO\YGKI5GNNYQQF5JQTG FKGU'ZGORNCT   )WVGU2QTVT·VCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



'ZGORNCTFGT#WMVKQP&T$WUUQ2GWU0CEJH(TCPMHWTV0T



Õ&TCEJOG4JCICGI&TCRKGTVG$ÒUVGNOKV&KCFGO#TUCMGUUKV\VTOKV$QIGP5GNNYQQF 5JQTG 8QTFGTUGKVGOKPFG\GPVTKGTVUGJTUEJÌP





Õ&TCEJOG4JCICGI&TCRKGTVG$ÒUVGNOKV&KCFGO#TUCMGUUKV\VTOKV$QIGP5GNNYQQF XGTIN5JQTG )WVGUUGJTUEJÌP



972





114

973

2JTCCVGU +8  X %JT Õ6GVTCFTCEJOG 5GNGWMGKC  I &TCRKGTVG $ÒUVG N OKV &KCFGO   -ÌPKI UKV\V T FCXQT UVGJV 6[EJG N OKV 2CNO\YGKI WPF (ÒNNJQTP 5GNNYQQF 6[R  5JQTG XGTIN   HH -TCV\GTHCUVUGJTUEJÌP



6KTKFCVGU  X %JT Õ6GVTCFTCEJOG ,CJT  UGNGWMKFKUEJGT TC    X %JT  5GNGWMGKC    I &TCRKGTVG $ÒUVG N OKV &KCFGO-ÌPKI UKV\V N OKV KJP DGMT·P\GPFGT 0KMG 5GNNYQQF    5JQTG (CUVUGJTUEJÌP




974

975

976

977

978



Õ6GVTCFTCEJOG 5GNGWMGKC  I &TCRKGTVG $ÒUVG N OKV &KCFGO-ÌPKI UKV\V N OKV $QIGP   5GNNYQQF5JQTG 5GJTUEJÌP





2JTCCVCMGUXP%JTÕ6GVTCFTCEJOG,CJTUGNGWMKFKUEJGTTC X%JT 5GNGWMGKC  I &TCRKGTVG $ÒUVG N OKV &KCFGO-ÌPKI UKV\V T XQP 6[EJG DGMT·P\V 5GNNYQQF 6[R 5JQTG XGTIN (CUVUGJTUEJÌP



8CTFCPGU+Õ6GVTCFTCEJOG,CJTUGNGWMKFKUEJGTTC  5GNGWMGKCI&TC RKGTVG$ÒUVGNOKV&KCFGO-ÌPKIGORH·PIV2CNO\YGKIXQP6[EJG5GNNYQQF5JQTGXGTIN 5GJTUEJÌP





Õ6GVTCFTCEJOG ,CJT  UGNGWMKFKUEJGT TC    5GNGWMGKC  I &TCRKGTVG $ÒUVG N OKV   &KCFGO-ÌPKIGORH·PIV2CNO\YGKIXQP6[EJG5GNNYQQFHH5JQTGXGTIN 5GJTUEJÌP





Õ6GVTCFTCEJOG ,CJT  UGNGWMKFKUEJGT TC    5GNGWMGKC  I &TCRKGTVG $ÒUVG N OKV   &KCFGO-ÌPKIGORH·PIV2CNO\YGKIXQP6[EJG5GNNYQQF5JQTG 5GJTUEJÌP





979



980

981

982

983

)QVCT\GU ++  Õ6GVTCFTCEJOG ,CJT  UGNGWMKFKUEJGT TC    5GNGWMGKC  I   &TCRKGTVG$ÒUVGNOKV&KCFGO-ÌPKIUKV\VTXQP6[EJGDGMT·P\V5GNNYQQFHH5JQTG  5GJTUEJÌP





Õ6GVTCFTCEJOG ,CJT  UGNGWMKFKUEJGT TC    5GNGWMGKC  I &TCRKGTVG $ÒUVG N OKV   &KCFGO-ÌPKIUKV\VTXQP6[EJGDGMT·P\V5GNNYQQF5JQTG )TCHHKVQUGJTUEJÌP





8QNQICUGU+Õ6GVTCFTCEJOG,CJTUGNGWMKFKUEJGTTC ! 5GNGWMGKCI&TC RKGTVG$ÒUVGNOKV&KCFGO-ÌPKIUKV\VNWPFGORH·PIV&KCFGOXQP6[EJG5GNNYQQFHH5JQTG XGTIN 5GJTUEJÌP



8QNQICUGU+++Õ6GVTCFTCEJOG,CJTUGNGWMKFKUEJGTTC  5GNGWMGKCI &TCRKGTVG $ÒUVG N OKV 6KCTC WPF &KCFGO-ÌPKI UKV\V N WPF GORH·PIV &KCFGO XQP 6[EJG 5GNNYQQF   XGTIN5JQTG 5GJTUEJÌP



8QNQICUGU +8  Õ6GVTCFTCEJOG 5GNGWMGKC  I &TCRKGTVG $ÒUVG N OKV 6KCTC-ÌPKI   UKV\VNWPFGORH·PIV&KCFGOXQP6[EJG5GNNYQQFXGTINHH5JQTGXGTINHH 5GJTUEJÌP







115


2'45+5

986 984

985 1,5:1

1,5:1



7PDGUVKOOVGT*GTTUEJGT,CJTJWPFGTVX%JTÕ*GOKFTCEJOGX%JTI-QRH TOKV#FNGTM[TDCUKC*GTTUEJGTTXQT(GWGTCNVCTT#FNGTUVCPFCTVG#NTCO$/% 5GJTUEJÌP





1ZCVJTGUWOX%JTÕ&TCEJOG2GTUGRQNKU ! I$ÒUVGNOKV6KCTC0#NTCOXGTIN 5NI)ÌDN 8QPITQ­GT5GNVGPJGKV5GJTUEJÌP



1ZCVJTGU 8CJUKT YCTGKP5QJPFGU&CTGKQU &CTGX ++



7PDGUVKOOVGT *GTTUEJGT 'PFG FGU  ,CJTJWPFGTVU P %JT Õ*GOKFTCEJOG  I &TCRKGTVG   $ÒUVGNOKV6KCTC&KCFGO#NTCO 5GJTUEJÌP



2'45+#

987 Å

987 Å 1,5:1



#EJ·OGPKFGP Ô&CTGKMG  I )TQ­MÌPKI KO -PKGNCWH T OKV $QIGP WPF 5RGGT+PEWUWO 50)   $GTT[ )WVGUUGJTUEJÌP  &KG RGTUKUEJG &CTGKMG KUV PCEJ &CTGKQU + FGO )TQ­GP DGPCPPV FGT FKGUG 5VÒEMG \WGTUV RT·IVG 'U YCTGP FKG DG   MCPPVGUVGP)QNFOÒP\GPKJTGT<GKVDKUPCEJFGT<GTUEJNCIWPIFGU2GTUGTTGKEJGUFKG)QNFUVCVGTG#NGZCPFGTUFGU)TQ ­GP CP KJTG 5VGNNG VTCVGP &KG JKGT CPIGDQVGPGP 5VÒEMG IGJÌTGP \W FGP HTÒJGP &CTGKMGP WPF FÒTHVGP FGOPCEJ   Y·JTGPFFGT2GTUGTMTKGIG\WT$G\CJNWPIRGTUKUEJGT5QNFCVGPIGFKGPVJCDGP/KVFGP&CTGKMGPYWTFG9GNVIGUEJKEJVG IGUEJTKGDGP UQ DGTKEJVGV 2NWVCTEJ FC­ FGT 5RCTVCPGTMÌPKI #IGUKNCQU FGT UGKV  X %JT KP -NGKPCUKGP UGJT   GTHQNITGKEJ -TKGI IGIGP FKG 2GTUGTP HÒJTVG FWTEJ IQNFGPG &CTGKMGP OKV FGPGP UGKPG )GIPGT KP )TKGEJGPNCPF   DGUVQEJGP YWTFGP IGIGP KJP -TKGI \W HÒJTGP \WO #DDTWEJ FGU -TKGIGU KP -NGKPCUKGP IGPÌVKIV YWTFG #IGUKNCQU   UQNN IGUCIV JCDGP FC­ KJP  RGTUKUEJG $QIGPUEJÒV\GP CWU #UKGP XGTVTKGDGP J·VVGP &KG $QIGPUEJÒV\GP  

6QZQVCK  UVGJGP HÒT FKG &CTGKMGP FKG LC CWH FGO #XGTU GKPGP $QIGPUEJÒV\GP \GKIGP  OKV FGPGP FKG 2QNKVKMGT KP   #VJGPWPF6JGDGP\WO-TKGIIGIGP5RCTVCCPIGUVCEJGNVYWTFGP

988 Å

989 Å

990 Å

991 Å

992



Ô&CTGKMGI)TQ­MÌPKIKO-PKGNCWHTOKV$QIGPWPF5RGGT+PEWUWO50)$GTT[  5GJTUEJÌP





Ô&CTGKMGI)TQ­MÌPKIKO-PKGNCWHTOKV$QIGPWPF5RGGT+PEWUWO50)$GTT[  5GJTUEJÌPGU'ZGORNCT





Ô&CTGKMGI)TQ­MÌPKIKO-PKGNCWHTOKV$QIGPWPF5RGGT+PEWUWO50)$GTT[  5GJTUEJÌPGU'ZGORNCT





Ô&CTGKMGI)TQ­MÌPKIKO-PKGNCWHTOKV$QIGPWPF5RGGT+PEWUWO50)$GTT[  5GJTUEJÌPGU'ZGORNCT





Õ5KINQU  ,CJTJWPFGTV X %JT  I )TQ­MÌPKI KO -PKGNCWH T OKV $QIGP WPF 5RGGT+PEW   UWO50)$GTT[ 5GJTUEJÌP

116




5#5#0+&'0

1,5:1



993 Å

1,5:1

5EJCRWT ++  Ô&KPCT -CDWN  I &TCRKGTVG $ÒUVG T OKV -TQPG(GWGTCNVCT \YKUEJGP   \YGK#UUKUVGP\HKIWTGP)ÌDN)ÌDN-WUJCP )WVGUUGJTUEJÌP 

$#%64+#

994





995

1,5:1

2TGUGNGWMKFKUEJG 2T·IWPIGP ÕRGTUKUEJG *GOKFTCEJOGPCEJCVVKUEJGO6[RI#VJGPCMQRHT OKV CVVKUEJGO *GNO'WNG T FCJKPVGT /QPFUKEJGN 0KEQNGV2KGTTG#OCPFT[  FKGU 'ZGORNCT  50)   #05XGTIN (CUVUGJTUEJÌP



ÕRGTUKUEJGT 1DQN  I #VJGPCMQRH T CVVKUEJGO OKV *GNO8QIGN T FCXQT AQE0KEQNGV2KGTTG #OCPFT[50)#05 5GJTUEJÌP



1,5:1



1,5:1

996 Å

1,5:1

&KQFQVQU+WOX%JTÔCVVKUEJGT5VCVGTOKV6KVGN#PVKQEJQU++$CNMJI-QRHFGU&KQ FQVQU + T OKV &KCFGOBASILEWSANTIOCOU <GWU UVGJV N WPF UEJNGWFGTV $NKV\ FCXQT 0 WPF   #FNGT$0$CEV/KVEJKPGT+PFQITGGMC50)#05  8QPITQ­GT5GNVGPJGKV2TÒHGKPJKGDXQT\ÒINKEJ  #NU &KQFQVWU UKEJ XQP #PVKQEJQU NÌUVG RT·IVG GT \WP·EJUV PQEJ /ÒP\GP KO 0COGP FGU 5GNGWMKFGP UGV\VG CDGT   UGKPGKIGPGU2QTVT·VCWHFKG/ÒP\GP

997

1,5:1



1,5:1

'WVJ[FGOQU + WO  X %JT ÕCVVKUEJG 6GVTCFTCEJOG 2CPLJKT  I -QRH T OKV &KC   FGO*GTCMNGU UKV\V N OKV -GWNG CWH (GNUGP $0 $CEV  # /KVEJKPGT +PFQITGGM  C 50) #05   HH )WVGUUGJTUEJÌP  'WVJ[FGOQU XGTVTKGD &KQFQVQU ++ WPF GTJQD UKEJ UGNDUV \WO -ÌPKI #NU FGT 5GNGWMKFG #PVKQEJQU +++  X   %JT XGTUWEJVG FKG ÌUVNKEJGP 5CVTCRKGP \WTÒEM\WGTQDGTP GTMN·TVG 'WVJ[FGOQU GT UGK MGKP 4GDGNN UQPFGTP GT   JCDGFKG4GDGNNGPDGUGKVKIV'TDNKGD-ÌPKIKPUGKPGO4GKEJFC#PVKQEJQU+++XQT$CEVTCUEJGKVGTVG

117


998



999

1000

1001

&GOGVTKQU +  X %JT Õ6GVTCFTCEJOG 2CPLJKT  I &TCRKGTVG $ÒUVG T OKV 'NGHCP   VGPUMCNR*GTCMNGUUVGJVXXOKV-GWNGWPF.ÌYGPHGNNWPFMTÌPVUKEJUGNDUV$0$CEVE/KVEJKPGT +PFQITGGMF50)#05 -QTTQFKGTVUEJÌPpUGJTUEJÌP



&GOGVTKQU + HQNIVG UGKPGO 8CVGT 'WVJ[FGOQU + +JO IGNCPI GU #TCEJQUKC WPF FKG 2CTQRCPKUCFGP YGNEJG   5GNGWMQU+CP%JCPFTCIWRVCCDIGVTGVGPJCVVGXQPFGP/CWT[C\WTÒEM\WGTQDGTP



#PVKOCEJQU +  X %JT ÕCVVKUEJG 6GVTCFTCEJOG $CEVTC  I &TCRKGTVG $ÒUVG T OKV   -CWUKC2QUGKFQP UVGJV X X OKV &TGK\CEM WPF 2CNO\YGKI OKV 6CGPKG $0 $CEV  & /KVEJKPGT   +PFQITGGMD50)#05 -NGKPGT5EJTÌVNKPIUHGJNGTCWHFGT8QTFGTUGKVGHCUVXQT\ÒINKEJ  #PVKOCEJQU HQNIVG #ICVJQMNGU WPF 2CPVCNGQP UQ LGFGPHCNNU KUV GU FKG /GJTJGKVUOGKPWPI \WNGV\V XQP 1 $QRGC   TCEJEJKXGTVTGVGP/KVEJKPGTUGV\VKJPXQTFKGDGKFGPCPFGTGP4GIGPVGP5GKP$GKPCOG6JGQUFÒTHVGCDGTCWH#PVKQ EJQU+86JGQU\WTÒEMIGJGPFJGTTGIKGTVGINGKEJ\GKVKI\WFKGUGO5GNGWMKFGPFCJGTMCPPGTPKEJVXQTX%JT CPIGUGV\VYGTFGP



'WMTCVKFGU +  X %JT ÕCVVKUEJG 6GVTCFTCEJOG  X %JT 2CPLJKT  I &TC   RKGTVG $ÒUVG T OKV &KCFGO&KQUMWTGP TGKVGP T $0 $CEV  $ /KVEJKPGT +PFQITGGM  H 50)   #05 5GJTUEJÌP



0CEJFGO UKEJ &GOGVTKQU + +PFKGP \WIGYCPFV JCVVG ICD GU PÌTFNKEJ FGU *KPFWMWUJ GPVYGFGT GKP /CEJVXCMWWO   QFGT FKG FQTVKIGP )TKGEJGP HÒJNVGP UKEJ XGTPCEJN·UUKIV LGFGPHCNNU ICD GU  X %JT GKPG 4GDGNNKQP OKV   'WMTCVKFGU  CP FGT 5RKV\G &KGUGT MQPPVG UKEJ KP $CMVTKGP DKU  XÌNNKI FWTEJUGV\GP 5R·VGT ITKHH GT CWEJ PCEJ   +PFKGP CWU WPF GPIVG FGP /CEJVDGTGKEJ /GPCPFGTU GKP 'T UGNDUV YWTFG XQP GKPGO 5QJP XGTOWVNKEJ 2NCVQ   ITCWUCOGTOQTFGV



ÕCVVKUEJG 6GVTCFTCEJOG X%JT$CEVTCI&TCRKGTVG$ÒUVGTOKV*GNO&KQUMWTGP TGKVGPT$0$CEV6/KVEJKPGT+PFQITGGMJ50)#05 -QTTQFKGTVUGJTUEJÌP

1002



1003



ÕCVVKUEJG 6GVTCFTCEJOG $CEVTC  I &TCRKGTVG $ÒUVG T OKV *GNO&KQUMWTGP TGKVGP T $0   $CEV9/KVEJKPGT+PFQITGGMH50)#05XGTIN /KP4CPFHGJNGTXQT\ÒINKEJ





ÕCVVKUEJG 6GVTCFTCEJOG $CEVTC  I &TCRKGTVG $ÒUVG T OKV *GNO&KQUMWTGP TGKVGP T $0   $CEV9/KVEJKPGT+PFQITGGMH50)#05 $TGKVGT(NCPUGJTUEJÌPXQT\ÒINKEJ



118


1005

1006

1004



ÕCVVKUEJG 6GVTCFTCEJOG 2WUJMCNCXCVK  I &TCRKGTVG $ÒUVG T OKV *GNO&KQUMWTGP TGKVGP T   $0$CEV'/KVEJKPGT+PFQITGGMGG50)#05 (CUVXQT\ÒINKEJ





ÕCVVKUEJG &TCEJOG $CEVTC  I &TCRKGTVG $ÒUVG T OKV &KCFGO&KQUMWTGP TGKVGP T $0 $CEV   %/KVEJKPGT+PFQITGGMC50)#05 8QT\ÒINKEJ





*GNKQMNGUX%JTÕCVVKUEJG&TCEJOG$CEVTCI&TCRKGTVG$ÒUVGTOKV&KCFGO<GWU UVGJVXXOKV$NKV\WPF<GRVGT$0$CEV&/KVEJKPGT+PFQITGGME50)#05  8QTFGTUGKVGNGKEJVGT&QRRGNUEJCIXQT\ÒINKEJ



51)&+#0#

1007



5E[VJGPECX%JTÕ6GVTCFTCEJOGPCEJ6[R'WVJ[FGOQUI-QRHFGU'WVJ[FGOQUT *GTCMNGUUKV\VNCWH(GNUGPOKV-GWNG5GPKQT+PFQ5E[VJKCP%QKPUCPF*KUVQT[6[R# 5GJTUEJÌP



+0&+#

1008

1009 1010



/GPCPFGT  X %JT ÕKPFKUEJG &TCEJOG    X %JT 2WUJMCNCXCVK  I &TC   RKGTVG $ÒUVG OKV *GNO T#VJGPC #NMKFGOQU N OKV $NKV\ WPF 5EJKNF $0 $CEV  /KVEJKPGT %NCUUK   ECN/KVEJKPGT+PFQITGGMH50)#05 (CUVXQT\ÒINKEJ





ÕKPFKUEJG &TCEJOG 2WUJMCNCXCVK  I &TCRKGTVG $ÒUVG T OKV &KCFGO#VJGPC #NMKFGOQU N OKV   5EJKNFWPF$NKV\$0$CEV/KVEJKPGT+PFQITGGM50)#05 5GJTUEJÌP





5E[VJGP#\GU+X%JTÕKPFKUEJG6GVTCFTCEJOG*C\CTCI-ÌPKITGKVGVTOKV.CP\G <GWUUVGJVXXOKV$NKV\WPF<GRVGT$0$CEV/KVEJKPGT+PFQITGGM  'VYCU(WPFDGNCIUGJTUEJÌP



#');2675

1012



1011 Å

1012

2VQNGOCKQU+X%JTÔ5VCVGTX%JT-[TGPGI-QRHTOKV&KCFGO #NGZCPFGTFGT)TQ­GOKV$NKV\KP'NGHCPVGPSWCFTKICN50)%QR XIN 5XQTQPQU  4-N-TCV\GTIWVGUUGJTUEJÌP 'ZGORNCTFGT#WMVKQP-ÌNPGT/ÒP\MCDKPGVV-ÌNP0T



Õ6GVTCFTCEJOG  X %JT #NGZCPFTKC  I -QRH T OKV &KCFGO#FNGT CWH $NKV\ N   50)%QR5XQTQPQU (GKPG2CVKPCUGJTUEJÌP



 119


1013









1015

1014

2VQNGOCKQU++X%JTÕ6GVTCFTCEJOGX%JT#NGZCPFTKCI-QRH2VQNG OCKQU+TOKV&KCFGO#FNGTCWH$NKV\NFCXQTPT/CE50)%QR5XQTQPQU  .GKEJVHNGEMKIHCUVUGJTUEJÌP



Õ6GVTCFTCEJOG ,CJT    X %JT  6[TQU  I -QRH 2VQNGOCKQU + T OKV &KCFGO   #FNGTCWH$NKV\NFCXQT-GWNGWPF/QPQITCOOFCJKPVGT,CJTGU\CJNWPF/QPQITCOOWPVGP/QPQ ITCOO50)%QR5XQTQPQU 2WP\GPCWH4ÒEMUGKVGIWVGUUGJTUEJÌP



Õ6GVTCFTCEJOG ,CJT      X %JT  )C\C  I -QRH 2VQNGOCKQU + T OKV &KCFGO   #FNGT CWH $NKV\ N FCXQT \YGK /QPQITCOOG FCJKPVGT ,CJTGU\CJN WPF /QPQITCOO 50) %QR    5XQTQPQU (CUVUGJTUEJÌP



Õ6GVTCFTCEJOG ,CJT   X %JT  ,QRRG  I -QRH 2VQNGOCKQU+TOKV&KCFGO#FNGT CWH $NKV\ N FCXQT /QPQITCOOG FCJKPVGT ,CJTGU\CJN WPF /QPQITCOO 50) %QR  5XQTQPQU    (CUVUGJTUEJÌP



1017 Å



1016

1017 Å

1,5:1

2VQNGOCKQU+++X%JTÔ1MVQFTCEJOG#NGZCPFTKCI$ÒUVGPFGU2VQNGOCKQU++WPF FGT #TUKPQG ++ T FCJKPVGT 5EJKNF$ÒUVGP FGU 2VQNGOCKQU + WPF FGT $GTGPKMG + T 50) %QR    5XQTQPQU /KP-TCV\GTXQT\ÒINKEJ  &KGUG KPVGTGUUCPVGP 1MVQ WPF 6GVTCFTCEJOGP YWTFGP YCJTUEJGKPNKEJ \WO ITÌ­VGP 6GKN WPVGT 2VQNGOCKQU +++    IGRT·IV FGT FCOKV UGKPG 8QTHCJTGP GJTVG 'KP MNGKPGT 6GKN KUV CDGT OÌINKEJGTYGKUG DGTGKVU WPVGT 2VQNGOCKQU ++   IGRT·IVYQTFGPFGOFKG5VÒEMGCWEJDGK5XQTQPQU\WIGYKGUGPYGTFGP

1,5:1



120

1018 Å 1,5:1

Ô6GVTCFTCEJOG#NGZCPFTKCI$ÒUVGPFGU2VQNGOCKQU++WPFFGT#TUKPQG++TFCJKPVGT5EJKNF $ÒUVGPFGU2VQNGOCKQU+WPFFGT$GTGPKMG+T50)%QR5XQTQPQU  45GJTUEJÌPXQT\ÒINKEJ




1019 Å 1,5:1



1,5:1

Ô6GVTCFTCEJOG#NGZCPFTKCI$ÒUVGPFGU2VQNGOCKQU++WPFFGT#TUKPQG++TFCJKPVGT5EJKNF $ÒUVGPFGU2VQNGOCKQU+WPFFGT$GTGPKMG+T50)%QR5XQTQPQU5GJTUEJÌPXQT\ÒINKEJ  'ZGORNCTFGT#WMVKQP/ÒP\GPWPF/GFCKNNGP#)&GWVUEJNCPF5VWVVICTV0T

1020 Æ

1021

1022



1023



“*GOKQDQNKQP -[TGPG  I -QRH 2VQNGOCKQU + T OKV &KCFGO WPF #GIKU-QRH FGT .KD[G T   OKV6CGPKGFCXQT(ÒNNJQTP50)%QR5XQTQPQU9GKUGT &WPMGNITÒPG2CVKPCUGJTUEJÌP





2VQNGOCKQU8+X%JTÕ6GVTCFTCEJOGX%JT#NGZCPFTKCI-QRH2VQNG OCKQU+TOKV&KCFGO#FNGTCWH$NKV\N50)%QR5XQTQPQU 5GJTUEJÌP





Õ&KFTCEJOG ,CJT  !  X %JT  #TCFQU !   I -QRH 2VQNGOCKQU + T OKV   &KCFGO#FNGTCWH$NKV\N50)%QR5XQTQPQU 45GJTUEJÌP





2VQNGOCKQU8+++X%JTÕ&KFTCEJOG,CJTFGTTCXQP#TCFQU X%JT  #TCFQUI-QRHTOKV&KCFGOWPF#GIKU#FNGTUVGJVN50)%QR5XQTQPQU  8QTFGTUGKVGOKPKOCNFG\GPVTKGTVXQT\ÒINKEJ



'ZGORNCTFGT#WMVKQP)QTP[/QUEJ/ÒPEJGP0T

1024 Å

1,5:1



1,5:1

HÒT#TUKPQG++Ô1MVQFTCEJOG /PCKQP #NGZCPFTKCI-QRHTOKV&KCFGOWPF5EJNGKGTFC JKPVGT-&QRRGNHÒNNJQTPOKV6CGPKG50)%QR5XQTQPQU  2TCEJVGZGORNCT8QT\ÒINKEJ5VGORGNINCP\  &KGUGU ITQ­G CPVKMG )QNFPQOKPCN YWTFG \WGTUV WPVGT 2VQNGOCKQU ++  X %JT  PCEJ  X %JT   CWUIGRT·IV CNU GT UGKPG 5EJYGUVGTIGOCJNKP #TUKPQG ++ PCEJ KJTGO 6QF \W IÌVVNKEJGP 'JTGP CWHUVGKIGP NKG­   &KGUGT 6[R YWTFG KOOGT YKGFGT CWHIGITKHHGP UQ CWEJ WPVGT 2VQNGOCKQU 8+++ 0CEJ 5XQTQPQU UQNNGP FKG   )GUKEJVU\ÒIG FGT FCTIGUVGNNVGP 2GTUQP CWH FGT 8QTFGTUGKVG -NGQRCVTC +++ YKGFGTIGDGP 5KG YCT UGKPG 5VKGHVQEJVGT   FKG GT  X %JT JGKTCVGVG 'KPG 1MVQFTCEJOG  &TCEJOGP  YCT FGT )GIGPYGTV XQP GKPGT /KPG F J    &TCEJOGP KP 5KNDGT FCJGT CWEJ FGT CPVKMG 0COG /PCKQP FGT KP 2CR[TK OGJTHCEJ XQTMQOOV +P FGT ·I[RVKUEJGP   -WRHGTY·JTWPIGPVURTCEJFCU5VÒEM6CNGPVGP-WRHGTQFGT-WRHGTFTCEJOGP

121


1025 Æ



-NGQRCVTC8++X%JTWPF/CTEWU#PVQPKWU“6GVTCEJCNMQPX%JT%JCNEKUI &TCRKGTVG$ÒUVGFGT-NGQRCVTCTOKV&KCFGO-QRHFGU/CTEWU#PVQPKWUT42%9GKUGT  &WPMGNITÒPG2CVKPCUGJTUEJÌP



%;4'0#+%#

1027 Å 1,5:1

1026





$#4-'Õ6GVTCFTCEJOGX%JTI5KNRJKWOFCPGDGPDGKFUGKVKI(TWEJV<YGK&GN RJKPGCWHY·TVUFC\YKUEJGP(TWEJVKO3WCFTCVWOKPEWUWO2TKEG9CIIQPGT#U[WV 4GXGTUUVGO RGNINGKEJ  1XCNGT5EJTÌVNKPIUEJÌPUGJTUEJÌP



-;4'0' Ô.KVTC  X %JT /CIKUVTCV 6JGWRGKFGU  -CTPGKQUMQRH N-[TGPGMQRH T   0CXKNNGG FKGU'ZGORNCT  8QT\ÒINKEJ



1028 Å

1,5:1



1,5:1

1,5:1

Ô5VCVGTX%JT/CIKUVTCV2QN[CPVJGUI0KMGKP3WCFTKICT#OOQPUVGJVNOKV2C VGTCWPF<GRVGTFCXQT6J[OKCVGTKQP0CXKNNG 445GJTUEJÌPpXQT\ÒINKEJ

1,5:1

1029 Å

1,5:1



1030



Ô6GVTQDQNX%JTI4GKVGTNFCJKPVGT5VGTP5KNRJKWO0CXKNNG  8QTFGTUGKVGNGKEJVFG\GPVTKGTVXQT\ÒINKEJ



Õ&KFTCEJOG  X %JT  I -CTPGKQUMQRH T5KNRJKWO T /QPQITCOO $/%  XCT   50)%QRXGTIN 5GJTUEJÌP

 

<WT<GKVFGT2T·IWPIFKGUGU5VÒEMGUYCT/CICUGKP*CNDDTWFGTFGU2VQNGOCKQU+)QWXGTPGWTXQP-[TGPG

<'7)+6#0+#

1031 Å



1032 Å

1033 Å

-#46*#)1 Ô5VCVGT  X %JT  I 6CPKVMQRH N OKV JTGPMTCP\2HGTF UVGJV T   ,GPMKPU.GYKUXGTIN #XGTUUVGORGNINGKEJ  5GJTUEJÌP



'ZGORNCTFGT#WMVKQP-ÌNPGT/ÒP\MCDKPGVV-ÌNP0T



Ô5VCVGTX%JTI6CPKVMQRHNOKVJTGPMTCP\2HGTFUVGJVT,GPMKPU.GYKU  5GJTUEJÌP



Ô5VCVGT  X %JT  I 6CPKVMQRH N OKV JTGPMTCP\2HGTF UVGJV T ,GPMKPU.GYKU XGTIN   HH #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT 

122




07/+&+#

1034



,WDC ++  X P %JT WPF -NGQRCVTC 5GNGPG Õ&GPCT WO   I -QRH T OKV &KCFGO   -TQMQFKNN/C\CTF50)%QRXGTIN (CUVXQT\ÒINKEJ



-NGQRCVTC 5GNGPG GKPG 6QEJVGT FGU /CTEWU #PVQPKWU WPF FGT -NGQRCVTC YKTF CWH FKGUGT /ÒP\G IGPCPPV 5KG YCT   WOX%JTXQP#WIWUVWUOKV,WDC++XGTJGKTCVGVYQTFGP

.165 

.QVITKGEJKUEJGT6GVTCFTCEJOGP  5[TKC5GNGWMQU+ #NGZCPFGTV[R50)5RCGT 2JKNKRRQU+

50) 5RCGT   2JQGPKEKC #TCFQU #NGZCPFTGKGT 2TKEG   &C\W GKPG “*GOKNKVTC XQP   #MTCICU 50)/ÒPEJGP  5VÒEM5GJTUEJÌP



.QVITKGEJKUEJGT5KNDGTOÒP\GP&CU.QVGPVJ·NVPGDGPGKPGT&TCEJOGFGU#NGZCPFGT+++CWU.CORUC EWUUGEJU1DQNGFKGUGU-ÌPKIUCWUXGTUEJKGFGPGP/ÒP\UV·VVGPUQYKG\YGKRJÌPK\KUEJG-NGKPUKNDGTOÒP \GP 5VÒEM5EJÌPDKUUGJTUEJÌP





.QV ITKGEJKUEJGT $TQP\GOÒP\GP &CU .QV GPVJ·NV W C “2T·IWPIGP CWU+NKQP#D[FQU#PVKUUCWPF 2GTICOQP 5VÒEM5EJÌPDKUUGJTUEJÌP





.QVITKGEJKUEJGT$TQP\GOÒP\GP&CU.QVGPVJ·NV\YGK2T·IWPIGPCWU'RJGUQU $KGPGYGKDNKEJGT-QRHN -NGKP  $KGPG*KTUEJ MPKGV N FCJKPVGT #UVTCICNQU 50) %QR  HH  UQYKG LGYGKNU GKPG 2T·IWPI   CWU2TKGPGWPF5O[TPC 5VÒEM5GJTUEJÌP



.QV ITKGEJKUEJGT /ÒP\GP &CU .QV GPVJ·NV  5KNDGTOÒP\GP GKPGP &GPCT *KURCPKC1UEC   6GVTC   FTCEJOGP #VJGP #GI[RVWU -NGQRCVTC 8++ 2JTCCVGU +8  GKPG &KFTCEJOG 0GCRQNKU  UQYKG GKPGP   6GVTQDQN *KUVKCKC +PVGTGUUCPVGU1DLGMV 5VÒEM/GKUVUGJTUEJÌP









.QV .[MKGP WPF 1TKGPV &CU KPVGTGUUCPVG .QV GPVJ·NV  5KNDGTRT·IWPIGP CWU .[EKC #NNG 'ZGORNCTG   UVCOOGPCWUFGT5COONWPI/CTQYUM[#WMVKQP-ÒPMGT1UPCDTÒEM0GDGP5VCVGTGPUKPFCWEJ GKP1MVQDQNWPFOGJTG&KQDQNGXGTVTGVGP&CU.QVIKDVUQOKVGKPGPIWVGPªDGTDNKEMÒDGTFKG2T·IWPIGP XQPFGTXQTF[PCUVKUEJGP<GKVDKUKPFKG<GKVFGU-WRTKNNK X%JT &GT1TKGPVKUVWPVGTCPFGTGO OKV\YGK*GOKFTCEJOGPCWU6CDCTKUVCPXGTVTGVGP 5VÒEM)GTKPIGTJCNVGPDKUUGJTUEJÌP 



)TKGEJKUEJG -NGKPUKNDGTOÒP\GP   'PVJCNVGP UKPF W C 2T·IWPIGP XQP 5GNIG .CORUCMQU -[\K   MQU/CUKM[VGU&C\WFTGKTÌOKUEJG2TQXKP\KCNRT·IWPIGP 5VÒEM/GKUVUGJTUEJÌP





)TKGEJKUEJG5KNDGTOÒP\GP.WECPKC/GVCRQPVÕ&KFTCEJOG .GWMKRRQUMQRHJTG X%JT 4WVVGT *KUVQTKC 0WOQTWO  Õ&KFTCEJOG &GOGVGTMQRH NJTG   X %JT 4WVVGT   *KUVQTKC0WOQTWO6JGUUCNKC.KICX%JTÕ&TCEJOG #RQNNQMQRHT#VJGPC+VQPKC  50)%QR5[TKC.CQFKMGKCCFOCTGÕ6GVTCFTCEJOG 6[EJGMQRHT<GWU0KMGRJQTQUUKV\VN  /QTMJQNO 5VÒEM5GJTUEJÌP





7PVGTKVCNKGP0QTFITKGEJGPNCPFWPFITKGEJKUEJGU/WVVGTNCPF&CU.QVGPVJ·NVÕWPF“2T·IWPIGP W C GKPG &KFTCEJOG CWU 6CTGPV “2T·IWPIGP CWU 5[TCMWU FTGK 6GVTCFTCEJOGP FGU #NGZCPFGT +++   \YGK6GVTCFTCEJOGPCWU/CEGFQPKCWPVGTTÌOKUEJGO2TQVGMVQTCVGKPGP5VCVGTUQYKGGKPG6GVTCFTCEJOG CWU6JCUQU\YGK6GVTCFTCEJOGPCWU#VVKMCUQYKG\YGK5VCVGTGCWU-QTKPVJ5GJTKPVGTGUUCPVGU1DLGMV FCUDGUKEJVKIVYGTFGPUQNNVG 5VÒEM/GKUVUGJTUEJÌP 



.QV UGNGWMKFKUEJGT 5KNDGTOÒP\GP &CU .QV GPVJ·NV PGDGP GKPGT 6GVTCFTCEJOG FGU #PVKQEJWU +++ CWU   'EVCDCPCFTGK&TCEJOGPFGU#PVKQEJWU8+++PVGTGUUCPVGU1DLGMV 5VÒEM5GJTUEJÌP



-NGKPCUKGP 5[TKC WPF #GI[RVWU &CU .QV GPVJ·NV Õ WPF “2T·IWPIGP W C Õ%KUVQRJQTK WPF   #GU CWU 2GTICOQP GKPGP Õ5VCVGT WPF &TCEJOGP CWU 4JQFQU FKXGTUG Õ6TKJGOKQDQNG CWU 5GNIG   Õ6GVTCFTCEJOGPFGT5GNGWMKFGPUQYKGGKPKIG“2T·IWPIGPFGT2VQNGO·GT5GJTKPVGTGUUCPVGU1DLGMV FCUDGUKEJVKIVYGTFGPUQNNVG 5VÒEM/GKUVUGJTUEJÌP 



.QV ITKGEJKUEJGT $TQP\GOÒP\GP &CU .QV GPVJ·NV W C 2T·IWPIGP CWU *KURCPKC 5[TCMWU /CEGFQ   PKC,WFCGC WC2QPVKWU2KNCVWU #GI[RVWU WC-NGQRCVTC8++ -CTVJCIQWPF0WOKFKC  5VÒEM/GKUVHCUVUGJTUEJÌPWPFUGJTUEJÌP



.QV ITKGEJKUEJGT 5KNDGTOÒP\GP &CU .QV GPVJ·NV W C GKPGP 5KINQU 2GTUKC  GKPG CTEJCKUEJG &K   FTCEJOG CWU /GVCRQPV GKPGP 5VCVGT CWU -QTKPVJ \YGK 6GVTCFTCEJOGP #NGZCPFGT+++2JKNKRRQU+++  1DQNG /CUUKNKC /KNGV  GKPGP RGTICOGPKUEJGP %KUVQRJQT UQYKG OGJTGTG &TCEJOGP $CEVTKC 2CTVJKC   5CUUCPKFGP 5GJTKPVGTGUUCPVGU.QVFCUDGUKEJVKIVYGTFGPUQNNVG 5VÒEM5EJÌPpUGJTUEJÌP







123






)TKGEJKUEJG /ÒP\GP &CU .QV GPVJ·NV 5KNDGTRT·IWPIGP ÒDGTYKGIGPF MNGKPGTGT 0QOKPCNG W C CWU   #DFGTC $QGQVKC %CTKC 'RJGUQU 2JQMCKC WPF 6JCUQU (GTPGT UKPF CWEJ \YGK &TCEJOGP FGU #NGZCP   FGT+++WPFGKP5KINQUXGTVTGVGP+PVGTGUUCPVGU.QVFCUWPDGFKPIVDGUKEJVKIVYGTFGPUQNNVG  5VÒEM/GKUVUGJTUEJÌP



)TKGEJKUEJG 5KNDGTOÒP\GP GPVJ·NV W C \YGK &TCEJOGP FGU #NGZCPFGT +++ GKPG &TCEJOG FGU 1TQ   FGU++GKP6GVTQDQNCWU#TIQUWPFGKPGÕ7PKVFGT+EGPK+PVGTGUUCPVGU1DLGMV  5VÒEM/GKUVUGJTUEJÌP





.QV ITKGEJKUEJGT 5KNDGTOÒP\GP &CU .QV GPVJ·NV 2T·IWPIGP XQP $TKVCPPKC DKU PCEJ +PFKC FCTWPVGT   1DQNGCWU/CUUCNKC2JKUVGNKC6CTGPV6GVTQDQNGCWU#DFGTC#MCPVJQU1N[PVJQU&TCEJOGPCWU2JCT UCNQU%CRRCFQEKCUQYKGGKPG6GVTCFTCEJOGFGU2JKNKRRQU++++PVGTGUUCPVGU1DLGMVFCUDGUKEJVKIVYGT FGPUQNNVG 5VÒEM/GKUVUGJTUEJÌP 



.QV ITKGEJKUEJGT $TQP\GOÒP\GP &CU .QV IKDV GKPGP IWVGP ªDGTDNKEM ÒDGT FKG $TQP\GRT·IWPIGP FGT   ITKGEJKUEJGP 9GNV WPF KUV UQOKV HÒT FGP #WHDCW GKPGT 5COONWPI ITKGEJKUEJGT $TQP\GOÒP\GP JGTXQT   TCIGPFIGGKIPGV7PVGTCPFGTGOUKPF2T·IWPIGPCWU0GCRQNKU#MTCICU/COGTVKPQK*KGMVCU*CNKMCT PCUUQUWPF#TCFQUUQYKG2T·IWPIGPFGU2JKNNKRQU++#NGZCPFGT+++FGU*KGTQP++WPFFGU-CUUCPFTQU XGTVTGVGP+PVGTGUUCPVGU.QVFCUWPDGFKPIVDGUKEJVKIVYGTFGPUQNNVG 5VÒEM/GKUVUGJTUEJÌP 



.QV MCRRCFQMKUEJGT 5KNDGTOÒP\GP &CU .QV GPVJ·NV UKGDGP &TCEJOGP 2T·IWPIGP FGU #TKCTCVJGU   +8FGU#TKCTCVJGU8WPFFGU#TKQDCT\CPGU++PVGTGUUCPVGU1DLGMVFCUDGUKEJVKIVYGTFGPUQNNVG  5VÒEM/GKUVUGJTUEJÌP



.QV ITKGEJKUEJGT $TQP\GOÒP\GP *KURCPKC +NVKTVC “#U  X %JT $WTIQU  Z  5G   ECKUC “5GOKU  X %JT $WTIQU  $TWVVKWO 4JGIKQP “U  X %JT 4WVVGT   *KUVQTKC0WOQTWO5KEKNKC*KOGTC“1PMKCX%JT%CNEKCVK Z -COCTKPC“ 6GVTCU  X %JT 9GUVGTOCTM,GPMKPU  Z  2CPQTOQU “U  X %JT%CNEKCVK 5[TCMWU “U  X %JT %CNEKCVK  *KMGVCU “U %CNEKCVK  %CNEKCVK  *KGTQP ++   

Z  “U %CNEKCVK    %JCNMKU “U  X %JT 5NI $%&   'RJGUQU “U    X %JT 50) %QR  .[FKC )COGTUGU “U  ,CJTJWPFGTV X %JT -NGKP  5GJT   KPVGTGUUCPVGU.QV 5VÒEM/GKUVUGJTUEJÌP







.QV ITKGEJKUEJGT 5KNDGTOÒP\GP %CNCDTKC 6CTGPV Õ*GOKQDQN  X %JT 4WVVGT *KUVQTKC   0WOQTWO   5VÒEM  $TWVVKWO -TQVQP Õ5VCVGT  X %JT 4WVVGT *KUVQTKC 0WOQTWO    5KEKNKC -CVCPG Õ.KVTC  X %JT 50) #05  5[TCMWU Õ6GVTCFTCEJOG    X %JT $QGJTKPIGT  Õ.KVTC 4ÒEMUGKVG 4CF D\Y 1MVQRWU Z  /QGUKC +UVTQU Õ   &TCEJOG  ,CJTJWPFGTV X %JT #/0)    Z    6JTCEKC #DFGTC Õ   &TCEJOGX%JT/C[XGTIN#RQNNQPKC2QPVKEC Õ&TCEJOGWO X %JT 50) $/  /CTQPGKC Õ6TKQDQN  X %JT 5EJÌPGTV)GKUU        Z  6JCUQU Õ6GVTCFTCEJOG PCEJ  X %JT 50) %QR  Z   XCT Z  /CEG   FQPKC 'KQP Õ6TKJGOKQDQN  ,CJTJWPFGTV X %JT 50) #05  Õ&KQDQN WO  X %JT   50) #05  0GCRQNKU Õ1DQN  X %JT 50) #05   2JKNKRRQU ++  X   %JTÕ6GVTCFTCEJOG50)#052JQEKU(ÌFGTCVKQPÕ1DQNX%JT9KNNKCOU   Z   2CTQU Õ1DQN WO  X %JT 50) #05  /CEGFQPKC  #TCFQU Õ6GVTC   FTCEJOG ,CJT    X %JT  $/%  $[DNQU #FTCOGNGM  ,CJTJWPFGTV X %JT Õ    5VCVGT XGTIN $/%  Z  2CTVJKC /KVJTCFCVGU ++ Õ&TCEJOG 4JCICG 5GNNYQQF  Z    5GJTKPVGTGUUCPVGU.QVFCUWPDGFKPIVDGUKEJVKIVYGTFGPUQNNVG 5VÒEM/GKUVUGJTUEJÌPGKPKIGDGUUGT 



.QVITKGEJKUEJGT$TQP\GOÒP\GP&CU.QVGPVJ·NVWC2T·IWPIGPCWU1N[PVJQU)CNNKGPGKPG$TQP\G OÒP\G FGU 'NCICDCNWU CWU 0KMQRQNKU /QGUKC  UQYKG XKGT 2T·IWPIGP FGT *GRJVCNKVGP +PVGTGUUCPVGU   .QV 5VÒEM5EJÌPpXQT\ÒINKEJ





)TKGEJKUEJG$TQP\GOÒP\GPCWU.[FKGPWPF2JT[IKGP&CU.QVGPVJ·NVWCTÌOKUEJG2TQXKP\KCNRT· IWPIGPCWU#RQNNQPQU*KGTQP5CKVVCWPF/CKQPKC+PVGTGUUCPVGU1DLGMV 5VÒEM5GJTUEJÌP





2CTVJKC 2GTUKC WPF $CEVTKC &CU .QV GPVJ·NV PGDGP  Õ5KINQK Õ&TCEJOGP FGT RCTVJKUEJGP -Ì   PKIGXQP/KVJTCFCVGU+DKU1UTQGU++UQYKG2T·IWPIGPCWU$CMVTKC WCGKPG6GVTCFTCEJOGFGU'WVJ[ FGOQU +  9GKVGTJKP UKPF GKPKIG “2T·IWPIGP W C RTQXKP\KCNTÌOKUEJG /ÒP\GP 1FGUUC  XGTVTGVGP   +PVGTGUUCPVGU1DLGMV 5VÒEM5EJÌPDKUXQT\ÒINKEJ



124


4¤/+5%*'/ª0<'0 /ª0<'0&'44¤/+5%*'04'27$.+-

1058



Õ&KFTCEJOGX%JT/GVCRQPVWOCPQP[OI$·TVKIGT/CTUMQRHNOKVMQTKPVJKUEJGO *GNO2HGTFGMQRHTCWHFGT.GKUVGCO*CNU41/#01FCJKPVGTJTG$/%%TCYH5[F  45GJTUEJÌP



&KG 8QTFGTUGKVG MQRKGTV GKPGP .GWMKRRQU-QRH FGT GKIGPUV·PFKIGP 2T·IWPI /GVCRQPVU &GT 2HGTFGMQRH NGJPV UKEJ   CP MCTVJCIKUEJG 8QTDKNFGT CP  X %JT JCVVG 4QO GKP $ÒPFPKU OKV -CTVJCIQ IGIGP 2[TTJQU IGUEJNQUUGP &KG   (WPFGDGUV·VKIGPFKG&CVKGTWPI

1059 Æ



“6TKGPU  X %JT 4QO CPQP[O  I $NKV\ T WPF N LG \YGK 9GTVMWIGNP&GNRJKP   FCTWPVGTXKGT9GTVMWIGNP$/%%TCYH5[F *GTUVGNNWPIUDGFKPIVGU.QEJHCUVUGJTUEJÌP

1060 Æ



1061 Æ



1062 Æ

“3WCFTCPU  X %JT 4QO CPQP[O  I *CPF N FTGK 9GTVMWIGNP<YGK )GTUVGPMÌT   PGTFC\YKUEJGPFTGK9GTVMWIGNP$/%%TCYH5[F  *GTUVGNNWPIUDGFKPIVGT(GJNGTUQPUVUGJTUEJÌP





“5GZVCPU  X %JT 4QO CPQP[O  I /WUEJGN \YKUEJGP \YGK 9GTVMWIGNP%CFW   EGWU\YKUEJGP\YGK9GTVMWIGNP$/%%TCYH5[F 5GJTUEJÌP





“5GZVCPU  X %JT 4QO CPQP[O  I /WUEJGN \YKUEJGP \YGK 9GTVMWIGNP%CFW   EGWU\YKUEJGP\YGK9GTVMWIGNP$/%%TCYH5[F (CUVUGJTUEJÌP

 125


1063 Æ



“5GOKU PCEJ  X %JT 4QO CPQP[O  I -QRH FGT /KPGTXC OKV MQTKPVJKUEJGO *GNO N   FCTWPVGT5-QRHFGT8GPWUNFCTWPVGT5$/%%TCYH5[F )TÒPG2CVKPCUEJÌP

1064 Æ



1066 Æ

1065 Æ



“3WCFTCPU PCEJ  X %JT 4QO CPQP[O  I 'DGT T WPVGP FTGK 9GTVMWIGNP'DGT N   WPVGPFTGK9GTVMWIGNP$/%%TCYH5[F 5GJTUEJÌP





“3WCFTCPU PCEJ  X %JT 4QO CPQP[O  I 'DGT T WPVGP FTGK 9GTVMWIGNP'DGT N   WPVGPFTGK9GTVMWIGNP$/%%TCYH5[F  1NKXITÒPG2CVKPC2CVKPCCO4CPFNGKEJVCDIGURNKVVGTVUGJTUEJÌP



“5GZVCPU  X %JT 4QO CPQP[O  I &KQUMWTGPMQRH T FCJKPVGT \YGK 9GTVMWIGNP   &KQUMWTGPMQRHNFCJKPVGT\YGK9GTVMWIGNP$/%%TCYH5[F (CUVUGJTUEJÌP





'KPG/ÒP\GKO.KDTCN(W­

1067 Æ

1068 Æ



“3WCFTCPU  X %JT 4QO CPQP[O  I *WPF N WPVGP FTGK 9GTVMWIGNP4CF $/%   %TCYHC5[F 5GJTUEJÌP





“5GZVCPU  X %JT 4QO CPQP[O  I 5EJKNFMTÌVG4CF OKV UGEJU 5RGKEJGP $/%   %TCYH5[FC (CUVUGJTUEJÌP



126


1069





1070

Õ&KFTCEJOG  X %JT 4QO CPQP[O  I ,CPWUMQRH,WRKVGT OKV $NKV\ WPF <GRVGT KP   3WCFTKICTXQP8KEVQTKCIGNGPMVWPVGPCWH$QFGPXGTVKGHV41/#$/%%TCYH5[F  5GJTUEJÌP



Õ&KFTCEJOG  X %JT 4QO CPQP[O  I ,CPWUMQRH,WRKVGT OKV $NKV\ WPF <GRVGT KP   3WCFTKICTXQP8KEVQTKCIGNGPMVWPVGPCWH$QFGPXGTVKGHV41/#$/%%TCYH5[F  5GJTUEJÌP



1072 Æ

1071 Æ

1073 Æ



“3WCFTCPU  X %JT 4QO  I *CPF T -GWNG N FTGK 9GTVMWIGNP*CPF N -GWNG   TFTGK9GTVMWIGNP$/%%TCYH5[F )TÒPG2CVKPC4CPFCWUDTÒEJGUGJTUEJÌP





“5GOKU  X %JT 4QO CPQP[O  5CVWTPMQRH N OKV .QTDGGTMTCP\2TQTC N FCTÒ   DGT5%TCYH5[F 5EJÌP



'KPG2T·IWPIKOTGFW\KGTVGP.KDTCN(W­



“3WCFTCPU  X %JT 4QO CPQP[O  I *GTEWNGUMQRH KO .ÌYGPHGNN N FCJKPVGT FTGK   9GTVMWIGNP2TQTCTFCTWPVGTFTGK9GTVMWIGNP$/%%TCYH5[F (CUVUGJTUEJÌP

1074 Æ



1075 Æ



“5GZVCPU  X %JT 4QO CPQP[O  I /GTMWTMQRH N FCTWPVGT \YGK 9GTVMWIGNP   2TQTCTFCTWPVGT\YGK9GTVMWIGNP$/%%TCYH5[F 5GJTUEJÌP





“5GZVCPU  X %JT 4QO CPQP[O  I /GTMWTMQRH N FCTWPVGT \YGK 9GTVMWIGNP   2TQTCTFCTWPVGT\YGK9GTVMWIGNP$/%%TCYH5[F (CUVUGJTUEJÌP

 127


  

“6TKGPU  X %JT CPQP[O  I 9GKDNKEJGT -QRH T OKV &KCFGO FCJKPVGT XKGT 9GTV   MWIGNP*GTEWNGUM·ORHVOKV<GPVCWTGPFCXQTXKGT9GTVMWIGNP$/%%TCYH5[F  ªDGTFWTEJUEJPKVVNKEJGTJCNVGPOGJTGTG5EJTÌVNKPIUHGJNGTUGJTUEJÌP  “6TKGPUX%JTCPQP[OI/KPGTXCMQRHOKVMQTKPVJKUEJGO*GNOQDGPXKGT9GTV MWIGNP2TQTCTFCTWPVGTXKGT9GTVMWIGNP$CD$/%HH%TCYHD5[F  )TÒPG2CVKPCUGJTUEJÌP  “5GZVCPUX%JT4QOCPQP[OI/GTEWTMQRHTFCTÒDGT\YGK9GTVMWIGNP2TQTC TFCTWPVGT\YGK9GTVMWIGNP$/%%TCYH5[F &WPMGNITÒPG2CVKPCHCUVUGJTUEJÌP 

1080

  

    128

1081

1079

Õ&GPCT PCEJ  X %JT 4QO CPQP[O  I 4QOCMQRH T OKV IGHNÒIGNVGO *GNO FCJKPVGT :   &KQUMWTGPTGKVGPTWPVGPKP4CJOGP41/#$/%%TCYH5[F  -N4CPFHGJNGTOKPMQTTQFKGTVFGPPQEJCVVTCMVKXGU'ZGORNCTUGJTUEJÌPpXQT\ÒINKEJ Õ8KEVQTKCVPCEJX%JT4QOCPQP[OI,WRKVGTMQRHTOKV.QTDGGTMTCP\8KEVQTKCUVGJV TWPFDGMT·P\V6TQRJ·G$CD$/%%TCYH5[F (CUVXQT\ÒINKEJ Õ8KEVQTKCV PCEJ  X %JT 4QO CPQP[O  I ,WRKVGTMQRH T8KEVQTKC UVGJV T WPF DGMT·P\V   6TQRJ·G$/%%TCYH5[F 5GJTUEJÌP

1082



1078 Æ

1076 Æ

1077 Æ

1083

1084

1085

  

1086

Õ8KEVQTKCV PCEJ  X %JT 4QO CPQP[O  I ,WRKVGTMQRH T8KEVQTKC UVGJV T WPF DGMT·P\V   6TQRJ·G$/%%TCYH5[F 5GJTUEJÌP Õ8KEVQTKCV PCEJ  X %JT 4QO CPQP[O  I ,WRKVGTMQRH T8KEVQTKC UVGJV T WPF DGMT·P\V   6TQRJ·G$/%%TCYH5[F 5GJTUEJÌP Õ3WKPCT PCEJ  X %JT 4QO CPQP[O  I 4QOCMQRH T FCJKPVGT 8&KQUMWTGP TGKVGP T   WPVGPCWH$CNMGP41/#$CD$/%%TCYH5[F 5GJTUEJÌP Õ3WKPCT PCEJ  X %JT 4QO CPQP[O  I 4QOCMQRH T FCJKPVGT 8&KQUMWTGP TGKVGP T   WPVGPCWH$CNMGP41/#$CD$/%%TCYH5[F .GKEJVFG\GPVTKGTVUGJTUEJÌP Õ&GPCT  X %JT 4QO &GEKOKWU(NCXWUI4QOCMQRHTFCJKPVGT:8KEVQTKCKP$KICT $CD$/%%TCYH5[F )WVGUUGJTUEJÌP

    


1088

1087

1090



Õ&GPCT  X %JT 4QO % +WPKWU  I 4QOCMQRH T FCJKPVGT :&KQUMWTGP TGKVGP T $CD   $/%%TCYH5[F (CUVXQT\ÒINKEJ





Õ&GPCT  X %JT 4QO % %WTKCVKWU H 6TKIGOKPWU  I 4QOCMQRH T,WPQ KP 3WCFTKIC   TXQP8KEVQTKCDGMT·P\V$CD$/%%TCYHC5[F 8QT\ÒINKEJ





Õ&GPCT  X %JT 4QO 3 /CTEKWU 2JKNKRRWU  I 4QOCMQRH T FCJKPVGT :/CMGFQPK   UEJGT 4GKVGT T FCJKPVGT OCMGFQPKUEJGT *GNO $CD  $/%  %TCYH  5[F  &C\W   GKPYGKVGTGT4GRWDNKMFGPCT$CD$/%%TCYH5[F  5VÒEM)WVGUUGJTUEJÌPWPFUGJTUEJÌP



Õ&GPCT  X %JT 4QO % %NCWFKWU 2WNEJGT  I 4QOCMQRH T8KEVQTKC KP $KIC T   $CD$/%%TCYH5[F 2T·IGUEJY·EJGPHCUVXQT\ÒINKEJ





1092

1091

1093

1094



Õ&GPCT  X %JT 4QO % %NCWFKWU 2WNEJGT  I 4QOCMQRH T8KEVQTKC KP $KIC T   $CD$/%%TCYH5[F 5GJTUEJÌP





Õ&GPCT  X %JT 4QO . 6JQTKWU $CNDWU  I -QRH FGT NCXKPKUEJGP ,WPQ T5VKGT URTKPIV   TQDGP%$CD$/%%TCYH5[F 8QT\ÒINKEJ





Õ&GPCT  X %JT 4QO / .WEKNKWU 4WHWU I +P -TCP\ 4QOCMQRH T8KEVQTKC KP $KIC T   $CD$/%%TCYH5[F 5GJTUEJÌPpXQT\ÒINKEJ





Õ&GPCT  X %JT 4QO . %CNRWTPKWU 2KUQ  I #RQNNQMQRH T OKV .QTDGGTMTCP\ FCJKPVGT   5KORWNWO ! 4GKVGT T OKV 2CNO\YGKI FCTWPVGT 1 $CD  $/%  %TCYH  5[F  XGTIN   HH 8QT\ÒINKEJ



1,5:1



1095

1,5:1

Õ&GPCT WO  X %JT $QXKCPWO !  CPQP[O  I -QRH FGT +VCNKC N OKV .QTDGGTMTCP\ T   8+6'.+7 KP QUMKUEJGT 5EJTKHV  +VCNKC 5QNFCV UVGJV X X OKV 5RGGT -QRH T FCPGDGP NCIGTV 5VKGT   XX5[F 44#VVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC



 X %JT ITÒPFGVGP FKG KVCNKUEJGP $WPFGUIGPQUUGP 4QOU FGPGP FCU TÌOKUEJG $ÒTIGTTGEJV \WP·EJUV XGTURTQEJGP   FCPP CDGT XGTYGKIGTV YQTFGP YCT GKPGP GKIGPGP 5VCCV PCOGPU +VCNKC FCJGT CWEJFGT+VCNKCMQRHCWHFGO#XGTUFGU 5VÒEMGU  OKV %QTHKPKWO CNU *CWRVUVCFV 0CEJ FGO (CNN %QTHKPKWOU YWTFG HÒT MWT\G <GKV $QXKCPWO \WT   *CWRVUVCFV+PGKPGOFTGKL·JTKIGPDNWVKIGP-TKGIIGNCPIGU4QO+VCNKGPYKGFGTXÌNNKI\WWPVGTYGTHGP

1096

 

1097

Õ&GPCT  X %JT 4QO / 2QTEKWU %CVQ  I 4QOCMQRH !  T8KEVQTKC UKV\V T OKV 2CVGTC   WPF2CNO\YGKI56WPVGT5VWJN$CD$/%%TCYHE5[FC  (GKPG6ÌPWPIHCUVXQT\ÒINKEJ



Õ&GPCT  X %JT 4QO % )CTIQPKWU 1IWNPKWU / 8GTIKNKWU  I #RQNNQMQRH T WPVGP   $NKV\,WRKVGTKP3WCFTKICTQDGP&$CD$/%XGTIN%TCYH##5[FD  5GJTUEJÌP

 129


1098

1099

1,5:1



1,5:1

Õ&GPCT  X %JT 4QO CPQP[O  I #RQNNQMQRH T OKV .QTDGGTMTCP\ ÒDGT $NKV\,WRKVGT KP   3WCFTKICT$CD$/%%TCYH#5[F 8QT\ÒINKEJ



&KG &CTUVGNNWPI FKGUGU UEJTKHVNQUGP &GPCTU \GKIV FC­ GT WPVGT FGP +++XKTK CCCHH % )CTIQPKWU / 8GTIKNKWU WPF   1IWNPKWUIGRT·IVYWTFG



Õ&GPCT 5GTTCVWU   X %JT 4QO 3 #PVQPKWU $CNDWU  I ,WRKVGTMQRH T OKV .QTDGGT   MTCP\8KEVQTKCKP3WCFTKICTWPVGP)$CD$/%%TCYHF5[FD  4ÒEMUGKVGNGKEJVFG\GPVTKGTVXQT\ÒINKEJGU2TCEJVGZGORNCT

1100



1101

1,5:1

1,5:1

1,5:1

1,5:1



Õ&GPCTX%JT4QO2%TGRWUKWUI#RQNNQMQRHTOKV.QTDGGTMTCP\WPF<GRVGT\YKUEJGP +WPF.KVWWU ! 4GKVGTT$CD$/%%TCYHE5[FC 8QT\ÒINKEJGU2TCEJVGZGORNCT





Õ&GPCTX%JT4QO./CTEKWU%GPUQTKPWUI#RQNNQMQRHT/CTU[CUIGJVNOKV9GKP UEJNCWEJFCJKPVGT5·WNGOKV5VCVWGFGT8KEVQTKC$CD$/%%TCYHF5[F  8QT\ÒINKEJ



#WH FGT 4ÒEMUGKVG FGU 5VÒEMGU KUV GKPG CWH FGO (QTWO KP FGT 0·JG FGU RT·VQTKUEJGP 6TKDWPCNU DGHKPFNKEJG 5VCVWG   FCTIGUVGNNV -QRKGP FKGUGT 5VCVWG KP XGTUEJKGFGPGP 5V·FVGP FGU 4GKEJGU XGTMÒPFGVGP KP UR·VGTGT <GKV FC­ FKG   LGYGKNKIG5VCFVOKVFGO+WU+VCNKEQTWODGUEJGPMVYQTFGPYCT

1102

1104

1103

1,5:1

1,5:1



Õ&GPCT  XQT %JT 4QO . /CTEKWU %GPUQTKPWU  I #RQNNQMQRH T/CTU[CU IGJV N OKV   9GKPUEJNCWEJ FCJKPVGT 5·WNG OKV 5VCVWG FGT 8KEVQTKC $CD  $/%  %TCYH  F 5[F    8QT\ÒINKEJ





Õ&GPCT  X %JT PQTFKVCNKUEJG /ÒP\UV·VVG 3 %CGEKNKWU /GVGNNWU 2KWU  I 2KGVCUMQRH T   FCXQT5VQTEJ'NGHCPVIGJVN$CD$/%%TCYH5[F 45GJTUEJÌP



&GP $GKPPCOGP 2KWU  WPF FCJGT FKG 2KGVCU CWH FGT 8QTFGTUGKVG  GTJKGNV /GVGNNWU YGKN GT FCU TÌOKUEJG 8QNM   ÒDGT\GWIVGUGKPGP8CVGTCWUFGO'ZKN\WTÒEM\WTWHGP



Õ&GPCT 5GTTCVWU   X %JT 4QO # 2QUVWOKWU #NDKPWU  I &TCRKGTVG $ÒUVG FGT &KCPC T   ÒDGT FGT 5EJWNVGT $QIGP WPF -ÌEJGT FCTÒDGT $WETCPKWO6QICVWU UVGJV N XQT #NVCT WPF J·NV #URGT   IKNNWOÒDGT4KPF$CD$/%%TCYH5[F  .GKEJVFG\GPVTKGTVXQT\ÒINKEJpUVGORGNHTKUEJGU2TCEJVGZGORNCT ªDGT FKG CWH FGT /ÒP\G FCTIGUVGNNVG )GUEJKEJVG DGTKEJVGV .KXKWU +   'KP 5CDKPGT DGUC­ GKPG -WJ XQP   WPIGYÌJPNKEJGT )TÌ­G WPF 5EJÌPJGKV &KG 9CJTUCIGT RTQRJG\GKVGP FGT 5VCCV FGUUGP $ÒTIGT FCU 6KGT FGT &KCPC   QRHGTVGP YÒTFG FGT 5KV\ GKPGU +ORGTKWOU YGTFGP &GT 5CDKPGT DTCEJVG FCU 4KPF \WO &KCPCVGORGNKP4QOWOGU \W QRHGTP YWTFG CDGT WPVGT GKPGO 8QTYCPFYGIIGUEJKEMVUQFC­GKP4ÌOGTFCU6KGTQRHGTPMQPPVG&KG*ÌTPGT YWTFGPKO&KCPCVGORGNKP4QOCWHDGYCJTV

130




1105

1107

1106

1108

1109

1,5:1



Õ&GPCT  X %JT 4QO . 2TQEKNKWU  I ,WRKVGTMQRH T,WPQ 5QURKVC UVGJV T OKV 5EJKNF   WPF5RGGTFCXQT5EJNCPIG$CD$/%%TCYH5[F 8QT\ÒINKEJ





Õ&GPCT 5GTTCVWU X%JT4QO%2QDNKEKWUI4QOCDÒUVGTQDGP'*GTCMNGUNGTYÒTIV FGPPGOGKUEJGP.ÌYGPWPVGP-GWNG-ÌEJGTOKV2HGKNGPWPF$QIGPVCUEJG$CD$/%%TCYH 5[F <YGKMNGKPG2WP\GPCWHFGT8QTFGTUGKVGUGJTUEJÌP





Õ&GPCT 5GTTCVWU X%JT4QO%0CGXKWU$CNDWUI8GPWUMQRHT8KEVQTKCKP6TKICT QDGP/$CD$/%XGTIN%TCYHD5[FC 5GJTUEJÌP





Õ&GPCT 5GTTCVWU X%JT4QO6K%NCWFKWUI&KCPCDÒUVGTÒDGTFGT5EJWNVGT$QIGPWPF -ÌEJGT8KEVQTKCKP$KICTWPVGP#::8$CD$/%%TCYH5[F 8QT\ÒINKEJ





Õ&GPCT  X %JT 4QO . 4WVKNKWU (NCEEWU  I 4QOCMQRH T8KEVQTKC KP $KIC T $CD    $/%%TCYH5[FC 8QT\ÒINKEJ



1110







Õ&GPCT  X %JT 4QO % *QUKFKWU )GVC  I &TCRKGTVG $ÒUVG FGT &KCPC T OKV &KCFGO   ÒDGT FGT 5EJWNVGT $QIGP WPF -ÌEJGT'DGT T XQP GKPGO 5RGGT XGTYWPFGV WPF XQP GKPGO *WPF   CVVCEMKGTV$CD$/%%TCYH5[F (CUVXQT\ÒINKEJ



Õ&GPCTX%JT4QO%%CNRWTPKWU2KUQI#RQNNQMQRHTFCJKPVGTG4GKVGTTOKV2CNO DNCVVQDGPC$CD$/%%TCYHC5[F  -TCV\GTCWHFGO#XGTU4GXGTUNGKEJVFG\GPVTKGTVHCUVXQT\ÒINKEJXQT\ÒINKEJ



Õ&GPCT  X %JT 4QO % %CNRWTPKWU 2KUQ  I #RQNNQMQRH T FCJKPVGT 4CF4GKVGT T OKV   2CNODNCVVQDGP5VGTP$CD$/%%TCYHC5[FG 8QT\ÒINKEJ



1,5:1



1112

1111

1113

1,5:1

Õ&GPCT  X %JT 4QO % %CNRWTPKWU 2KUQ  I #RQNNQMQRH T FCJKPVGT .[TC4GKVGTTOKV 2CNODNCVV$CD$/%%TCYHD5[FK 8QT\ÒINKEJ

1114

1115



1116



Õ&GPCT  X %JT 4QO % %CNRWTPKWU 2KUQ  I #RQNNQMQRH T4GKVGT OKV 2CNODNCVV T   $CD$/%%TCYHD5[F )WVGUUGJTUEJÌP





Õ&GPCT  X %JT 4QO % %CNRWTPKWU 2KUQ  I #RQNNQMQRH T4GKVGT N OKV 2GKVUEJG WPF   (CEMGN$CD$/%%TCYHD5[F (CUVXQT\ÒINKEJ





Õ&GPCT  X %JT 4QO % %CNRWTPKWU 2KUQ  I #RQNNQMQRH T4GKVGT T OKV 2CNODNCVV   QDGPL$CD$/%%TCYHD5[FC 5GJTUEJÌP

 131


1118

1117

1119

1,5:1

1,5:1



Õ&GPCTX%JT4QO%%CNRWTPKWU2KUQI#RQNNQMQRHTFCJKPVGT5EJNÒUUGN4GKVGTTOKV 2CNO\YGKIQDGP(CEMGN$CD$/%%TCYHC5[FK 8QT\ÒINKEJp5VGORGNINCP\





Õ&GPCT  X %JT 4QO % %CNRWTPKWU 2KUQ  I #RQNNQMQRH T FCJKPVGT 5EJNÒUUGN4GKVGT   TOKV2CNODNCVV$CD$/%%TCYHC5[FK 8QT\ÒINKEJ





Õ&GPCT 5GTTCVWU X%JT4QO.4QUEKWU(CDCVWUI-QRHFGT,WPQ5QURKVCTKO<KG IGPHGNN/·FEJGP UVGJV TFCXQT5EJNCPIGFCJKPVGT<GRVGT$CD$/%%TCYH5[F  8QT\ÒINKEJ



#PN·­NKEJFGUL·JTNKEJYKGFGTMGJTGPFGP(GUVGUFGT,WPQ5QURKVCKP.CPWXKWOOW­VGGKPG,WPIHTCWFKGKO-GNNGTFGU 6GORGNU NGDGPFG 5EJNCPIG HÒVVGTP 9GPP FCU /·FEJGP MGWUEJ YCT DNKGD GU FCDGK WPXGTUGJTV CPUQPUVGP YWTFG GU   XQPFGT5EJNCPIGIGVÌVGV

1120

1121

1122

1124

1123

1125



Õ&GPCT 5GTTCVWU X%JT4QO.4QUEKWU(CDCVWUI-QRHFGT,WPQ5QURKVCTKO<KG IGPHGNN FCJKPVGT 2HNWI/·FEJGP UVGJV T FCXQT 5EJNCPIG $CD  $/%  %TCYH  5[F     (CUVXQT\ÒINKEJ





Õ&GPCT 5GTTCVWU   X %JT 4QO . 4QUEKWU (CDCVWU  I -QRH FGT ,WPQ 5QURKVC T KO   <KGIGPHGNN FCJKPVGT &GEMGNIGH·­/·FEJGP UVGJV T FCXQT 5EJNCPIG FCJKPVGT 5VCD $CD  $/%    %TCYH5[F 8QT\ÒINKEJ





Õ&GPCT 5GTTCVWU   X %JT 4QO . 4QUEKWU (CDCVWU  I -QRH FGT ,WPQ 5QURKVC T KO   <KGIGPHGNNFCJKPVGTOGPUEJNKEJGT(W­/·FEJGPUVGJVTFCXQT5EJNCPIGFCJKPVGT$GK\GKEJGP$CD $/%%TCYH5[F (CUVXQT\ÒINKEJ





Õ&GPCT 5GTTCVWU   X %JT 4QO . 4QUEKWU (CDCVWU  I -QRH FGT ,WPQ 5QURKVC T KO   <KGIGPHGNN FCJKPVGT 6QTSWGU!/·FEJGP UVGJV T FCXQT 5EJNCPIG FCJKPVGT 5 $CD  $/%    XGTIN%TCYH5[F (CUVXQT\ÒINKEJ





Õ&GPCTX%JT4QO.%CUUKWU.QPIKPWUI8GTUEJNGKGTVG8GUVCDÒUVGNFCJKPVGT-[NKZ 6QICVWUUVGJVNWPFYKTHV5VKOOUVGKPOKV8KP7TPG$CD$/%%TCYH5[F  .GKEJVFG\GPVTKGTVHCUVXQT\ÒINKEJ



&KG 4GXGTUFCTUVGNNWPI DG\KGJV UKEJ XGTOWVNKEJ CWH GKPG #DUVKOOWPI KO ,CJTG  X %JT .GZ %CUUKC VCDGNNCTKC    /KV 8 VK TQICU  YCU FW IGHTCIV JCUV  UVKOOVG FGT $ÒTIGT \W &KG 8QTFGTUGKVG KUV GKPG #PURKGNWPI CWH FGP 8GUVC   NKPPGP2TQ\G­X%JTDGKFGOGKP8QTHCJTFGU/ÒP\OGKUVGTUFGP8QTUKV\HÒJTVG



Õ&GPCTX%JT4QO.%CUUKWU.QPIKPWUI8GTUEJNGKGTVG8GUVCDÒUVGNFCXQT%FCJKP VGT -[NKZ6QICVWU UVGJV N WPF YKTHV 5VKOOUVGKP OKV 8 KP 7TPG $CD  $/%  %TCYH    5[F 5GJTUEJÌP

1,5:1



1126

1,5:1

Õ&GPCTX%JT4QO.(WTKWU$TQEEJWUI%GTGUMQRHT\WLGFGT5GKVGGKPGJTG%WTW NKUEJGT5VWJN\WDGKFGP5GKVGP(CUEGU$CD$/%%TCYH5[F  5EJÌPG2CVKPCIWVGUUGJTUEJÌP &GT6[RDG\KGJVUKEJCWHFKGEWTCCPPQPCGWOFKGUKEJFKGFKNG\WMÒOOGTPJCVVGP

132






1128

1127

1,5:1

1,5:1



1129

Õ&GPCTX%JT4QO.#GOKNKWU2CWNNWUI8GTUEJNGKGTVGT-QRHFGT%QPEQTFKCOKV&KCFGO T6TQRJ·G 2GTUGWU UVGJV OKV UGKPGP DGKFGP 5ÌJPGP T .GRKFWU UVGJV N QDGP 6'4 $CD  $/%   %TCYH5[F .GKEJVFG\GPVTKGTVHCUVXQT\ÒINKEJ



. #GOKNKWU 2CWNNWU JCVVG  X %JT FKG GPVUEJGKFGPFG 5EJNCEJV DGK 2[FPC IGIGP 2GTUGWU IGUEJNCIGP WPF ICP\   /CMGFQPKGPGTQDGTV



Õ&GPCT  X %JT 4QO . 5ETKDQPKWU .KDQ  I -QRH FGU $QPWU 'XGPVWU T2WVGCN 5ETKDQ   PKCPWO OKV )KTNCPFGP WPF \YGK .[TGP IGUEJOÒEMV CP FGT $CUKU *COOGT $CD  XCT $/%    %TCYHC5[F (CUVXQT\ÒINKEJ



&CU2WVGCNUVGJVCWHFGO(QTWO4QOCPWO



Õ&GPCT  X %JT 4QO / 0QPKWU 5WHGPCU  I -QRH FGU 5CVWTP T FCJKPVGT *CTRC WPF   MQPKUEJGU 1DLGMV4QOC UKV\V N OKV 5RGGT WPF 5EJYGTV XQP 8KEVQTKC DGMT·P\V $CD  $/%    %TCYH5[F 4GXGTUNGKEJVFG\GPVTKGTVCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



&KG 4ÒEMUGKVGP7OUEJTKHV NCWVGV 5':VWU 010+WU 24CGVQT .WFQU 8KEVQTKCG 2TKOWU (GEKV WPF DG\KGJV UKEJ CWH FKG   'KPHÒJTWPI FGT .WFK 8KEVQTKCG PCEJ 5WNNCU 5KGICO%QNKPKUEJGP6QTX%JT&GT5VGKPCWHFGT8QTFGTUGKVGYCT XGTOWVNKEJFGTLGPKIGFGPOCP5CVWTPCP5VGNNGXQP<GWUWPVGTUEJQD'TYWTFGKP&GNRJKIG\GKIVWPFXGTGJTV

1131

1130



1132

Õ&GPCT  X %JT 4QO . /CTEKWU 2JKNKRRWU  I -QRH FGU #PEWU /CTEKWU T OKV &KCFGO   FCJKPVGT .KVWWU4GKVGTUVCVWG T CWH #SW·FWMV CWU FGO GKPG $NWOG Y·EJUV $CD  $/%    %TCYH5[F (CUVXQT\ÒINKEJGU'ZGORNCTOKVJGTTNKEJGT2CVKPC



3 /CTEKWU 4GZ FGT FWTEJ FCU 5VCPFDKNF IGGJTV YWTFG XQNNGPFGVG FKG 9CUUGTNGKVWPI #SWC /CTEKC FKG \WO   -CRKVQNHÒJTVG



Õ&GPCTX%JT4QO(CWUVWU%QTPGNKWU5WNNCI&TCRKGTVG$ÒUVGFGT8GPWUTOKV&KCFGO ÒDGT FGT 5EJWNVGT <GRVGT&TGK 6TQRJ·GP \YKUEJGP %CRKU WPF .KVWWU $CD  $/%  %TCYH   5[F 2TÒHRWP\GCWHFGO#XGTUCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC



&GT /ÒP\OGKUVGT YCT FGT 5QJP FGU &KMVCVQTU 5WNNC WPF FGT 5EJYKGIGTUQJP FGU 2QORGKWU \W FGUUGP .GICVGP GT   DGKO (GNF\WI KO ÌUVNKEJGP /KVVGNOGJT IGJÌTVG &KG FTGK 6TQRJ·GP CWH FGO 4GXGTU GPVURTGEJGP FGT &CTUVGNNWPI   CWHFGO5KGIGNTKPIFGU2QORGKWU UKGJG&KQ:.+++ 



Õ&GPCT  X %JT 4QO % /GOOKWU I %GTGUMQRH T)GHCPIGPGT MPKGV T FCJKPVGT 6TQ   RJ·G$CD$/%%TCYH5[F )WVGUUGJTUEJÌP



&GT/ÒP\OGKUVGTYCTFGT5EJYKGIGTUQJP5WNNCUGTYCT2TQRT·VQTKP$KVJ[PKGP

1,5:1



1133 1,5:1

Õ&GPCT  X %JT 4QO % /GOOKWU  I 3WKTKPWUMQRH T%GTGU UKV\V T OKV (CEMGN WPF   JTGPFCXQT5EJNCPIG$CD$/%%TCYH5[F 5GJTUEJÌPDKUXQT\ÒINKEJ



&GT 3WKTKPWUMQRH FGT 8QTFGTUGKVG MÌPPVG CWH GKPG UCDKPKUEJG *GTMWPHV FGU /ÒP\OGKUVGTU JKPYGKUGP %TCYHQTF 5     QFGT YGPP FKG 8QTFGTUGKVGPFCTUVGNNWPI FKGUGU 5VÒEMU OKV FGT 4ÒEMUGKVGPFCTUVGNNWPI FGU &GPCTU %TCYHQTF    KP <WUCOOGPJCPI UVGJV CWH FKG 9GKJWPI GKPGU 5KGIGU\GKEJGPU KO 6GORGN FGU 3WKTKPWU FGWVGP # #NHÌNFK   -QORNGOGPV·TG &QRRGNV[RGP KP FGT &GPCTRT·IWPI FGT TÌOKUEJGP 4GRWDNKM KP 5EJYGK\GT /ÒP\DN·VVGT  5     &KG 4ÒEMUGKVG DG\KGJV UKEJ CWH FKG GTUVG 8GTCPUVCNVWPI GKPGU CNVGP %GTGU(GUVGU FWEJ GKPGP /GOOKGT YQJNWO X%JT 

133


1135

1134

1,5:1



1136

1,5:1

Õ&GPCTX%JT4QO/,WPKWU$TWVWUI.KDGTVCUDÒUVGT&GT-QPUWN.,WPKWU$TWVWU IGJV\YKUEJGP\YGK.KMVQTGPNFCXQT#EEGPUWU$CD$/%%TCYH5[F   )WVGUUGJTUEJÌP



3 %CGRKWU $TWVWU  UGKV UGKPGT #FQRVKQP / ,WPKWU $TWVWU YCT GKPGT FGT UR·VGTGP %CGUCTOÌTFGT WPF DGIGIPGV   &CPVGCNUUQNEJGTCWHUGKPGO9GIFWTEJFKG*ÌNNG&KG4ÒEMUGKVG\GKIVFGP8QTHCJTGPFGU/ÒP\OGKUVGTUFGTX %JT FGT 6TCFKVKQP PCEJ FGP NGV\VGP -ÌPKI 6CTSWKPKWU 5WRGTDWU CWU 4QO XGTVTKGD WPF FCOKV FKG 4GRWDNKM   DGITÒPFGVG&KG4ÒEMUGKVGKUVFCU8QTDKNFHÒTFKG)QNFUVCVGTGFGU-QUQP



Õ&GPCT  X %JT 4QO / ,WPKWU $TWVWU  I -QRH FGU . ,WPKWU $TWVWU T-QRH FGU %   5GTXKNKWU#JCNCT$CD$/%%TCYH5[F 8QT\ÒINKEJ



&GT /ÒP\OGKUVGT KUV FGT UR·VGTG %CGUCTOÌTFGT 'T \GKIV JKGT FWTEJ FKG $KNFGT \YGKGT 8QTHCJTGP UGKPG UVTGPI   TGRWDNKMCPKUEJG )GUKPPWPI \WO GKPGP . ,WPKWU $TWVWU FGT FKG VCTSWKPKUEJGP -ÌPKIG XGTVTKGD WPF \WO CPFGTGP   %5GTXKNKWU#JCNCFGTFGP5VCCVXQT5RWTKWU/CGNKWUTGVVGVG



Õ&GPCT  X %JT 4QO / ,WPKWU $TWVWU  I -QRH FGU . ,WPKWU $TWVWU T-QRH FGU %   5GTXKNKWU#JCNCT$CD$/%%TCYH5[F 5GJTUEJÌP

1137

1,5:1



1138



1139

1,5:1

Õ&GPCT  X %JT 4QO 3 2QORGKWU 4WHWU  I %WTWNKUEJGT 5VWJN \YKUEJGP 2HGKN WPF .QT   DGGT\YGKI%WTWNKUEJGT5VWJN\YKUEJGP.KVWWUWPF-TCP\$CD$/%%TCYH5[F  8QT\ÒINKEJ



&KG /ÒP\G HGKGTV FKG DGKFGP )TQ­X·VGT FGU /ÒP\OGKUVGTU GKPOCN 3 2QORGKWU 4WHWU :XKT 2HGKN WPF <YGKI    WPF 5WNNC #WIWT .KVWWU  FKG \WUCOOGP KO ,CJT  X %JT -QPUWNP YCTGP &GT /QPGVCT YQNNVG UKEJ FCOKV HÒT   JÌJGTG#WHICDGPGORHGJNGPFGPPGKPGXQTPGJOGTG#DMWPHVCNUXQP\YGK%QPUWNCTGPYCTMCWOOÌINKEJ



Õ&GPCT  X %JT 4QO 3 5KEKPKWU  I (QTVWPCMQRH T OKV &KCFGO%CFWEGWU WPF 2CNO   \YGKIÒDGT-TGW\QDGP-TCP\$CD$/%%TCYH5[F (CUVXQT\ÒINKEJ



&GT/ÒP\OGKUVGTIKPIPQEJKOUGNDGP,CJTOKV2QORGKWUKPFGP1UVGPUKGJG0T



Õ&GPCTX%JT4QO/P#EKNKWUI5CNWUMQRHT8CNGVWFQUVGJVNOKV5EJNCPIGWPFNGJPV CP5·WNG$CD$/%%TCYH5[F (CUVXQT\ÒINKEJ

1,5:1



1140

1,5:1

Õ&GPCT  X %JT 4QO /P #EKNKWU  I 5CNWUMQRH T8CNGVWFQ UVGJV N OKV 5EJNCPIG CWH   5·WNGIGUVÒV\V$CD$/%%TCYHC5[F  9KP\-TCV\GTFGPPQEJCVVTCMVKXGUXQT\ÒINKEJGU'ZGORNCT 5CNWU WPF 8CNGVWFQ UVGJGP HÒT FKG IWVG )GUWPFJGKV &GT /ÒP\OGKUVGT YKNN FCOKV \WO #WUFTWEM DTKPIGP FC­ FGT   IGPU #EKNKC FCU 8GTFKGPUV FGT 'KPHÒJTWPI CPUV·PFKIGT OGFK\KPKUEJGT 8GTUQTIWPI KP 4QO \WMQOOV +O ,CJTG    X%JTJCVVGFGTITKGEJKUEJG#T\V#TEJCICVJWUCPGKPGTPCEJFGTIGPU#EKNKCDGPCPPVGP5VTC­GPMTGW\WPIGKPG2TCZKU GKPIGTKEJVGV

134






1142

1141







1143

1144

Õ&GPCTX%JT4QO.*QUVKNKWU5CUGTPCI-QRHFGT%NGOGPVKC ! TOKV&KCFGOWPF'K EJGPMTCP\8KEVQTKCIGJVTOKV6TQRJ·GWPF%CFWEGWU$CD$/%HH%TCYH5[F 5GJTUEJÌPGU'ZGORNCTOKVHGKPGT6ÌPWPI



Õ&GPCTX%JT4QO.*QUVKNKWU5CUGTPCI-QRHFGT)CNNKCTFCJKPVGT%CTP[Z#TVGOKU UVGJVXXOKV5RGGTNURTKPIV*KTUEJN$CD$/%%TCYH5[F  4'VYCUMQTTQFKGTVUGJTUEJÌP



Õ&GPCT  X %JT 4QO % 8KDKWU 2CPUC  I 2CPOCUMG T FCJKPVGT 2GFWO,WRKVGT #ZWTWU   UKV\VNOKV2CVGTCWPF<GRVGT$CD$/%%TCYHD5[F  5GJTUEJÌPGU'ZGORNCTOKVHGKPGT6ÌPWPI



&KG2CPOCUMGKUVGKPG#PURKGNWPICWHFGP$GKPCOGPFGU/ÒP\OGKUVGTU



Õ&GPCTX%JT4QOI&GEKOWU2QUVWOKWU#NDKPWU$TWVKHI2KGVCUMQRHT<YGK *·PFGJCNVGP%CFWEGWU$CD$/%%TCYH5[F .GKEJVFG\GPVTKGTVXQT\ÒINKEJ



&GT/ÒP\OGKUVGTKUVGKPGTFGTUR·VGTGP%CGUCTOÌTFGT&KG4ÒEMUGKVGFGU5VÒEMGUU[ODQNKUKGTVFKGENGOGPVKC%CGUCTKU

1146

1145

1,5:1

1,5:1





Õ&GPCTX%JT4QOI&GEKOWU2QUVWOKWU#NDKPWU$TWVKHI2KGVCUMQRHT<YGK *·PFGJCNVGP%CFWEGWU$CD$/%%TCYH5[F  2T·IGUEJY·EJGCO4CPFNGKEJVFG\GPVTKGTVXQT\ÒINKEJ



Õ&GPCT  X %JT 4QO . 2NCWVKWU 2NCPEWU  I /GFWUGPJCWRV X X#WTQTC HNKGIV T WPF   HÒJTVFKG2HGTFGFGU5QPPGPIQVVGU$CD$/%%TCYHC5[F  42TÒHRWP\GCWHFGO#XGTUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT6ÌPWPI



1147

1,5:1



1148

1,5:1

1,5:1

Õ&GPCTX%JT4QO%#PVKWU4GUVKQI-QRHFGU%#PVKWU4GUVKQT*GTEWNGUIGJVT OKV-GWNGWPF6TQRJ·G$CD$/%%TCYH5[F 5GJTUEJÌP



#WH FGO #XGTU FGU 5VÒEMGU KUV FGT 8CVGT FGU /ÒP\OGKUVGTU CDIGDKNFGV FGT KO ,CJT  X %JT 8QNMUVTKDWP YCT    X %JT HCPF UKEJ WPUGT /ÒP\OGKUVGT CWH FGP 2TQUETKRVKQPUNKUVGP FGT 6TKWOXKTP YKGFGT WPF HNQJ \W 5GZVWU   2QORGKWUPCEJ5K\KNKGP



Õ&GPCT  X %JT 4QO /P %QTFKWU 4WHWU  I 'WNG CWH MQTKPVJKUEJGO *GNO T#GIKU   OKV/GFWUGPJCWRVXGT\KGTV$CD$/%%TCYH5[F  5GJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC

 135


1149 Å

1,5:1



1,5:1

Ô#WTGWUX%JT4QO%8KDKWU8CTWUI#RQNNQMQRHTOKV.QTDGGTMTCP\8GPWUUVGJVN WPFDGVTCEJVGVUKEJKPGKPGO5RKGIGNFCJKPVGT5·WNG$CD$/%%CNKEQ%TCYH 5[F 44$TGKVGU'ZGORNCTXQPJGTXQTTCIGPFGO5VKNUGJTUEJÌPpXQT\ÒINKEJ  'ZGORNCT FGT 5COONWPI $GP\ #WMVKQP .CP\  /ÒPEJGP  0T  FGT /CKN $KF 5CNG (TGGOCP  5GCT    %JCVUYQTVJ  0T  FGT 5COONWPI 4 FG %CUVTQ /C[C #WMVKQP $QWTIG[ 2CTKU XQO  0T    WPFFGT5COONWPI8CNGVVG#WMVKQP(GWCTFGPV2CTKUXQO0T  

&CXKF 5GCT 6JG *KUVQT[ CPF %QKPCIG QH VJG 4QOCP +ORGTCVQTU  X %JT .QPFQP  5  0T     FKGU 'ZGORNCT CDIGDKNFGV  DG\KGJV UQYQJN FGP #RQNNQMQRH FGT 8QTFGTUGKVG CNU CWEJ FKG 8GPWU FGU 4GXGTUGU CWH   FCU )GUEJNGEJV FGT ,WNKGT &GT #WTGWU GTKPPGTV CNUQ CP FGP GTOQTFGVGP %CGUCT YCU UKEJGTNKEJ KP <WUCOOGPJCPI   OKVFGO-CORHFGT6TKWOXKTPIGIGPFKG%CGUCTOÌTFGTUVGJV

1151

1150



Õ&GPCTX%JT4QO%8KDKWU8CTWUI$CEEJWUMQRHTOKV'HGWMTCP\2CPVJGTURTKPIVN CP#NVCTCPFGO6J[TUWUNGJPV$CD$/%%TCYH5[F  4(GKPIGVÌPVNGKEJVFG\GPVTKGTVUGJTUEJÌPGU'ZGORNCT



&KGUG/ÒP\G\GKIVCWHDGKFGP5GKVGPFKQP[UKUEJG$G\ÒIGXGTOWVNKEJGKP*KPYGKUCWHFKG(COKNKGPVTCFKVKQP



Õ&GPCTX%JT4QO./WUUKFKWU.QPIWUI%QPEQTFKCMQRHTOKV&KCFGOWPF5EJNGKGT 5EJTGKPFGT8GPWU%NQCEKPC$CDXCT$/%%TCYHE5[FD 5GJTUEJÌP



&KG4ÒEMUGKVGIKDVGKPGP6GKNFGU(QTWOUYKGFGT

+/2'4#614+5%*'24)70)'0

1,5:1





1,5:1

%P 2QORGKWU /CIPWU OKPQT Ŏ  X %JT Õ&GPCT  X %JT MNGKPCUKCVKUEJG /ÒP\UV·VVG 3   5KEKPKWUWPF%%QRQPKWUI#RQNNQMQRHTOKV&KCFGOFCTWPVGT5VGTP-GWNGFCTÒDGT.ÌYGPHGNNN 2HGKNT$QIGP$CD$/%%TCYHC5GCT5[F .GKEJVFG\GPVTKGTVXQT\ÒINKEJ

1153



1152

1,5:1

1154

1,5:1

Õ&GPCT  X %JT %QTFWDC /CTEWU 2QDNKEKWU  I 4QOCMQRH T OKV *GNO*KURCPKC T   TGKEJVGKPGO5QNFCVGPGKPGP<YGKI$CD$/%%TCYHC5GCT5[F  .GKEJVFG\GPVTKGTV4ÒEMUGKVG\6UEJYCEJCWUIGRT·IVUGJTUEJÌP



%,WNKWU%CGUCTŎX%JTÕ&GPCTX%JT.CIGTOÒP\UV·VVGI'NGHCPVT2TKGUVGT IGT·VG$CD$/%%TCYH5GCT5[F  (CUVXQT\ÒINKEJGU'ZGORNCTOKVHGKPGT6ÌPWPI



'ZGORNCTFGTV#WMVKQP-ÒPMGT1UPCDTÒEM0T  &KG 4ÒEMUGKVG \GKIV %CGUCTU #OV CNU 2QPVKHGZ OCZKOWU CP FKG GKP\KIG QHHK\KGNNG 5VGNNWPI FKG GT \W $GIKPP FGU   $ÒTIGTMTKGIGUDGMNGKFGVG

136




1155

1156

1157

1158

1159



Õ&GPCT  X %JT .CIGTOÒP\UV·VVG  I 'NGHCPV T2TKGUVGTIGT·VG $CD  $/%    %TCYH5GCT5[F &TWEMUVGNNGCO4CPFIWVGUUGJTUEJÌP



Õ&GPCT  X %JT .CIGTOÒP\UV·VVG  I 'NGHCPV T2TKGUVGTIGT·VG $CD  $/%    %TCYH5GCT5[F &G\GPVTKGTVIWVGUUGJTUEJÌP





Õ&GPCT  X %JT .CIGTOÒP\UV·VVG  I 'NGHCPV T2TKGUVGTIGT·VG $CD  $/%    %TCYH5GCT5[F 5GJTUEJÌP





Õ&GPCT  X %JT .CIGTOÒP\UV·VVG  I 'NGHCPV T2TKGUVGTIGT·VG $CD  $/%    %TCYH5GCT5[F 8QTFGTUGKVGNFG\GPVTKGTVUGJTUEJÌP





Õ&GPCT  X %JT .CIGTOÒP\UV·VVG KP #HTKEC  I 8GPWUMQRH T#GPGCU N VT·IV UGKPGP   8CVGT #PEJKUGU WPF FCU 2CNNCFKWO CWU FGO DTGPPGPFGP 6TQLC  $CD  $/%  %TCYH    5GCT5[F 8QT\ÒINKEJGU'ZGORNCTOKVHGKPGT2CVKPC





'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T

%CGUCTUVGNNVGKPUGKPGT2TQRCICPFCKOOGTYKGFGTUGKPG#DUVCOOWPIXQPFGPCWHFKGUGT/ÒP\GFCTIGUVGNNVGPO[VJK UEJGP 8QTHCJTGP JGTCWU #UECPKWU+WNWU FGT 5QJP FGU #GPGCU IKNV CNU 5VCOOXCVGT FGT ,WNKGT #GPGCU YKGFGTWO    UVCOOVG XQP 8GPWU CD *KGT XGTDKPFGV UKEJ FKG )TÒPFWPIUUCIG 4QOU U[ODQNKUKGTV FWTEJ FCU 2CNNCFKWO OKV FGO   7TURTWPIFGTIGPU+WNKC

1160

1,5:1

1,5:1



Õ&GPCTX%JT4QO25GRWNNKWU/CEGTI-QRH%CGUCTUTOKV.QTDGGTMTCP\FCJKPVGT CEJVUVTCJNKIGT5VGTP8GPWUUVGJVNOKV8KEVQTKCWPF<GRVGT$CD$/%%TCYHD5GCT C5[F 4*GTXQTTCIGPFGU2QTVT·VMN2TÒHRWP\GCWHFGO#XGTUUGJTUEJÌPpXQT\ÒINKEJ  %CGUCTVT·IVJKGTFKGEQTQPCCWTGCFGU6TKWORJCVQTUYKGDGKO.WRGTECNKGP(GUVX%JT&GT5VGTPKUVCNU<GKEJGP FGUGTYCTVGVGPPGWGP<GKVCNVGTUCP\WUGJGP

1161

1162



Õ&GPCT (GDTWCT/·T\  X %JT 4QO 2 5GRWNNKWU /CEGT  I -QRH %CGUCTU T OKV -TCP\   8GPWUUVGJVNOKV8KEVQTKCWPF<GRVGT$CD$/%%TCYH5GCTD5[F 4#O4CPFIGFTÒEMVUGJTUEJÌP 



Õ&GPCT  X %JT 4QO 2 5GRWNNKWU /CEGT  I 8KGTU·WNKIGT 6GORGN OKV )NQDWU KO )KGDGN   4GKVGT OKV *CPFRHGTF PCEJ T OKV 2GKVUEJG FCJKPVGT -TCP\ WPF 2CNODNCVV $CD  $/%    %TCYH5GCT5[F 8QPITQ­GT5GNVGPJGKV5GJTUEJÌP



&KG/ÒP\GDKNFGVFGP6GORGNCDFGPFGT5GPCVNCWV2NWVCTEJ %CGU %CGUCTGTTKEJVGPNCUUGPYQNNVG&KGUUQNNVG FKG&CPMDCTMGKVFGT5GPCVQTGPHÒTFKGXQP%CGUCTKO$ÒTIGTMTKGIIG\GKIVGENGOGPVKC /KNFG FGOQPUVTKGTGP&GT 5VCPFQTVFGU6GORGNUKUVWPDGMCPPV'UKUVCNNGTFKPIUWPMNCTQDFGT6GORGNLGOCNUIGDCWVYWTFG

137


1,5:1



1163

1164

1,5:1

Õ&GPCTX%JT4QO./WUUKFKWU.QPIWUI-QRH%CGUCTUTOKV.QTDGGTMTCP\(ÒNNJQTP CWH)NQDWU\YKUEJGP5VGWGTTWFGT%CFWEGWUWPF#RGZ$CDXCT$/%XCT%TCYH XCT5GCTXCT5[FEXCT -NGKPGT5VGORGNHGJNGTUGJTUEJÌPGU'ZGORNCT  'KPG 2TQRCICPFCRT·IWPI KP <WUCOOGPJCPI FGT #WUGKPCPFGTUGV\WPI \YKUEJGP /CTE #PVQP WPF 1EVCXKCP GKPGTUGKVU   WPFFGP%CGUCTOÌTFGTPCPFGTGTUGKVU



%%CUUKWU.QPIKPWUÕ&GPCTX%JT5O[TPC ! 2%QTPGNKWU.GPVWNWU5RKPVJGTI.K DGTVCUMQRHTOKV5EJNGKGTWPF&KCFGO-CPPGWPF.KVWWU$CD$/%%TCYH5GCT 5[F 5GJTUEJÌP



5RKPVJGT YCT  X %JT KP FCU -QNNGIKWO FGT #WIWTGP IGY·JNV YQTFGP WPF XGTYGKUV FWTEJ FKG 2TKGUVGTIGT·VG CWH   FGO4GXGTUCWHUGKP#OV

1165

1166

1167

1168

1,5:1



%P&QOKVKWU#JGPQDCTDWUÕ&GPCTX%JTWPDGMCPPVG/ÒP\UV·VVGI-QRHT2TQTCT FCTCWH6TQRJ·G$CD$/%%TCYH5GCT5[F 5GJTUEJÌP



&KG 4ÒEMUGKVG DG\KGJV UKEJ CWH FGP 5GGUKGI FGU #JGPQDCTDWU ÒDGT &QOKVKWU %CNXKPWU KO ,CJT  X %JT &COCNU   YWTFGGT\WO+ORGTCVQTCWUIGTWHGP



Õ&GPCT  X %JT WPDGMCPPVG /ÒP\UV·VVG  I -QRH T2TQTC T FCTCWH 6TQRJ·G $CD    $/%%TCYH5GCT5[F /GJTGTG2TÒHRWP\GPHCUVUGJTUEJÌP





5GZVWU 2QORGKWU Ŏ  X %JT Õ&GPCT  X %JT UK\KNKUEJG /ÒP\UV·VVG  I 2JCTQU XQP   /GUUKPC OKV 0GRVWPUVCVWG FCXQT )CNGGTG5E[NNC $CD  $/%  %TCYH  5GCT  5[F    45GJTUEJÌP





Õ&GPCTX%JTUK\KNKUEJG/ÒP\UV·VVGI-QRHFGU0GRVWPTOKV&KCFGOÒDGTFGT5EJWNVGT &TGK\CEM6TQRJ·G FCTÒDGT &TGK\CEM FCTWPVGT #PMGT CP FGT $CUKU FKG -ÌRHG XQP 5E[NNC WPF    %JCT[DFKU$/%%TCYHCD5GCT5[F -N-TCV\GTUGJTUEJÌP 

1170

1169 1,5:1



Õ&GPCTX%JTWPDGUVKOOVGUK\KNKUEJG/ÒP\UV·VVGI-QRHFGU2QORGKWUOCIPWUTN %CRKU T .KVWWU0GRVWP UVGJV N \YKUEJGP #PCRKCU WPF #ORJKPQOWU FKG KJTG 'NVGTP VTCIGP $/% $CD%TCYHC5GCT5[F 44/CTMCPVGU2QTVT·VMQTTQFKGTVUGJTUEJÌP  &KG $TÒFGT #PCRKCU WPF #ORJKPQOWU JCVVGP KJTG 'NVGTP Y·JTGPF GKPGU #WUDTWEJGU FGU #GVPC KP 5KEJGTJGKV   IGDTCEJV +P FKGUGT 4GXGTUFCTUVGNNWPI YKTF CNUQ RTCMVK\KGTVG 2KGVCU IG\GKIV YCU OKV FGT #PPCJOG FGU 6KVGNU   2KWUFWTEJ5GZVWU2QORGKWUKP<WUCOOGPJCPIUVGJGPFÒTHVG



/CTEWU#PVQPKWUŎX%JTÕ&GPCTX%JT2CVTCU ! I)CNGGTGT%1*146+5 52'%8.#6147/ &TGK 5VCPFCTVGP LGFG CWH 2TQTC WPF OKV\YGK-T·P\GPFGMQTKGTV$CD$/% %TCYH5GCT5[F (CUVUGJTUEJÌP &KG URGEWNCVQTGU YCTGP FKG -WPFUEJCHVGT D\Y 5R·JGT FGT TÌOKUEJGP #TOGG WPF KP FKGUGT (WPMVKQP HÒT FKG   'KP\GNCWHMN·TWPI \WUV·PFKI %CGU )CNN   +P LGFGT .GIKQP FKGPVGP  URGEWNCVQTGU /CTEWU #PVQPKWU UVGNNVG   GKPGGKIGPG-QJQTVGXQPURGEWNCVQTGUCWHFKGFCPPCWEJHÒT-WTKGTFKGPUVGJGTCPIG\QIGPYWTFG

138




1172

1171



1174

1173

Õ&GPCTX%JT2CVTCU ! I)CNGGTGT.')8+.GIKQPUCFNGT\YKUEJGP\YGK5VCPFCT VGP$CD$/%%TCYH5GCT5[F 9KP\-TCV\GTUGJTUEJÌP



8GTOWVNKEJJCPFGNVGUUKEJJKGTWOFKG.GIKQ8+8KEVTKZFKGPCEJ#EVKWO\WP·EJUVKP5[TKGPUVCVKQPKGTVYCTFCPP  ÒDGT 5RCPKGP CP FGP 4JGKP MCO *KGT YWTFG UKG \WP·EJUV KP 0QXCGUKWO 0GW­  UR·VGT KP 7NRKC 6TCKCPC  

:CPVGP UVCVKQPKGTV



Õ&GPCT  X %JT 2CVTCU !   I )CNGGTG T.') 8++ .GIKQPUCFNGT \YKUEJGP \YGK   5VCPFCTVGP$/%%TCYH5GCT5[F )WVGUUGJTUEJÌP



&KG .GIKQ 8++ %NCWFKC YCT WPVGT %CGUCT KP )CNNKGP UVCVKQPKGTV WPF YWTFG PCEJ FGO $ÒTIGTMTKGI PCEJ /QGUKGP   XGTNGIVYQKJT#D\GKEJGPFGT5VKGTPQEJKO,CJTJWPFGTVCWH/ÒP\GPXQP8KOKPCEKWOGTUEJGKPV



Õ&GPCT  X %JT 2CVTCU !   I )CNGGTG T.') :8+++ .GIKQPUCFNGT \YKUEJGP \YGK   5VCPFCTVGP$CD$/%%TCYH5GCT5[F 5GJTUEJÌPXQT\ÒINKEJ





Õ&GPCT  X %JT 2CVTCU !   I )CNGGTG T.') :8+++ .GIKQPUCFNGT \YKUEJGP \YGK   5VCPFCTVGP$CD$/%%TCYH5GCT5[F 5GJTUEJÌP



&KG.GIKQ:8+++IKPIKO,CJTGP%JTKPFGT8CTWUUEJNCEJVKP-CNMTKGUGDGK1UPCDTÒEMWPVGT&KGUG5EJNCEJVXGT NQT23WKPEVKNKWU8CTWUIGIGPGKPG-QCNKVKQPIGTOCPKUEJGT5V·OOGWPVGTFGT(ÒJTWPIFGU%JGTWUMGTHÒTUVGP#TOK PKWUGVYCTÌOKUEJG5QNFCVGPHCPFGPFGP6QF<WFGP6QVGPIGJÌTVGCWEJ/%CGNKWUGKP%GPVWTKQFGT .GIKQP FGUUGP KP :CPVGP IGHWPFGPGT )TCDUVGKP DKU JGWVG FGP GKP\KIGP GRKITCRJKUEJGP $GNGI HÒT FKG 8CTWUMCVC   UVTQRJGFCTUVGNNV  &GP#FNGTFGT.GIKQ:8+++MQPPVGPTÌOKUEJG6TWRRGPGKPKIG,CJTGUR·VGTGPVYGFGTXQPFGP/CTUGTP 6CE#PP++  QFGTFGP%JCWMGTP %CUU&KQ.: \WTÒEMIGYKPPGP  

1175



1177

1176

Õ&GPCT  X %JT 2CVTCU  I )CNGGTG T.') :+: .GIKQPUCFNGT \YKUEJGP \YGK 5VCP   FCTVGP$CD$/%%TCYH5GCT5[F )TCHHKVKUGJTUEJÌP



&KG .GIKQ :+: IKPI KP FGT 8CTWUUEJNCEJV KO ,CJTG  P %JTWPVGT&GP#FNGTFGT.GIKQPMQPPVGUR·VGTGKPGXQP )GTOCPKEWUIGIGPFKG$TWEVGTGTIGUCPFVGNGKEJVG*GGTGUCDVGKNWPIWPVGT.5VGTVKPKWU\WTÒEMIGYKPPGP



WPF1EVCXKCPWUÕ&GPCTX%JT.CIGTOÒP\UV·VVG/$CTDCVKWUI$GKFGTUGKVU-QRHT $CD$/%%TCYH5GCT5[F (CUVUGJTUEJÌP



5GCT XGTOWVGV FKG /ÒP\UV·VVG KP 'RJGUWU &GT /ÒP\OGKUVGT VT·IV FGP WPIGYÌJPNKEJGP 6KVGN 3 2 SWCGUVQT RTQ   RTCGVQTG 



Õ3WKPCTX%JTICNNKUEJG/ÒP\UV·VVGI%QPEQTFKCMQRHTOKV5EJNGKGT<YGK*·PFGJCNVGP %CFWEGWU$CD$/%%TCYHD5GCT5[F (CUVUGJTUEJÌP

1178







1179

WPF1EVCXKCÕ%KUVQRJQTX%JT'RJGUWUI-QRHTOKV'HGWMTCP\-QRHFGT1EVCXKCT CWH%KUVCO[UVKEC\YKUEJGP\YGK5EJNCPIGP$CD$/%42%5GCT5[F   45GJTUEJÌP



Õ%KUVQRJQT  X %JT 'RJGUWU  I -QRH T OKV 'HGWMTCP\-QRH FGT 1EVCXKC T CWH %KUVC   O[UVKEC\YKUEJGP\YGK5EJNCPIGP$CD$/%42%5GCT5[F  4-TCV\GT4CPFHGJNGTUGJTUEJÌP

 139


1181

1180 1,5:1



1,5:1

Õ%KUVQRJQT  X %JT 'RJGUWU  I $GKFGT $ÒUVGP T&KQP[UQU UVGJV N OKV -CPVJCTQU WPF   6J[TUQU CWH %KUVC O[UVKEC \YKUEJGP \YGK 5EJNCPIGP $CD  $/%  42%  5GCT  5[F    -N-TCV\GTCWHFGT8QTFGTUGKVGHCUVUGJTUEJÌP



&GT %KUVQRJQT GTKPPGTV CP FKG 'JGUEJNKG­WPI XQP 1EVCXKC FGT 5EJYGUVGT FGU 1EVCXKCPWU OKV /CTEWU #PVQPKWU   &KG 4ÒEMUGKVG HGKGTV FGP IÌVVNKEJGP 5VCVWU FGU 6TKWOXKTP CNU PGWGP &KQP[UKWU GKPG 'JTG FKG /CTEWU #PVQPKWU   KO,CJTX%JTDGKUGKPGT#PMWPHVKP'RJGUWUXGTNKGJGPYWTFG



 WPF .WEKWU #PVQPKWU Õ&GPCT  X %JT 'RJGUWU / %QEEGKWU 0GTXC  I $GKFGTUGKVU   -QRHT$CD$/%%TCYHC5GCT5[F  44#WHFGT4ÒEMUGKVGMNGKPG2T·IGUEJY·EJGCO4CPFUGJTUEJÌP

1182



1183



1184

/#GOKNKWU.GRKFWUŎX%JTWPF1EVCXKCPWUÕ&GPCTX%JTKVCNKUEJG.CIGTOÒP\UV·VVG I-QRHFGU.GRKFWUT-QRHFGU1EVCXKCPWUT$CD$/%%TCYHC5GCT5[F  8QPITQ­GT5GNVGPJGKV#XGTUUVCTMFG\GPVTKGTVUGJTUEJÌPGU'ZGORNCT



&C/CTE#PVQPU0COGHGJNVKUVCWEJUEJQPGKPGUR·VGTG&CVKGTWPIWPFGKPGCHTKMCPKUEJG/ÒP\UV·VVGXQTIGUEJNCIGP YQTFGP





1EVCXKCPWUÕ&GPCTX%JTKVCNKUEJG/ÒP\UV·VVGI-QRHT-TCP\CWHEWTWNKUEJGO5VWJN $CD$/%%TCYHC5GCT5[F  5EJTÌVNKPIUHGJNGTCWHFGT8QTFGTUGKVGUGJTUEJÌP



Õ&GPCTX%JT.CIGTOÒP\UV·VVGKP)TKGEJGPNCPFI&TCRKGTVG$ÒUVGTOKV*GNOWPF5RGGT .GIKQPUCFNGT\YKUEJGP\YGK5VCPFCTVGPFCJKPVGT6TQRJ·G$CD$/%%TCYH5GCT 5[F  9KP\5EJTÌVNKPIUHGJNGTCWHFGO#XGTUCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCTOKVUEJÌPGT6ÌPWPI



/ª0<'0&'44¤/+5%*'0-#+5'4<'+6

1185 1186 Æ



1187

#WIWUVWU  X P %JT Õ3WKPCT  X %JT 4QO  I -QRH T8KEVQTKC UVGJV N OKV   -TCP\WPF2CNODNCVVCWH%KUVCO[UVKEC\YKUEJGP\YGK5EJNCPIGP$/%%QJ4+%w  8QTFGTUGKVGNGKEJVFG\GPVTKGTVUGJTUEJÌP





“UWOX%JTMNGKPCUKCVKUEJG/ÒP\UV·VVGI-QRHT#8)85685KP.QTDGGTMTCP\42% 5GJTUEJÌP





Õ&GPCTX%JTURCPKUEJG/ÒP\UV·VVGI-QRHTOKV.QTDGGTMTCP\4WPFUEJKNF\YKUEJGP \YGK.QTDGGTD·WOGPCWHFGO5EJKNF%.8FCTWO5234$/%XCT%QJ4+%w  #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



&GT CWH FKGUGT /ÒP\G FCTIGUVGNNVG ENKRGWU XKTVWVKU YWTFG #WIWUVWU KO ,CJT  X %JT XGTNKGJGP &KGUGT 5EJKNF   FGTCWEJKPFGPTGUIGUVCG 8+ GTY·JPVYKTFYWTFGKPFGT%WTKC+WNKCCWHIGUVGNNV

140


1188

1190

1189

1191



Õ%KUVQRJQT  X %JT 'RJGUWU  I -QRH T4WPFVGORGN FGU /CTU 7NVQT FCTKP 5VCP   FCTVG42% 2TÒHRWP\GCWHFGO4GXGTUUEJÌPUGJTUEJÌP





Õ&GPCT  X %JT %QNQPKC %CGUCTCWIWUVC !   I -QRH T OKV .QTDGGTMTCP\#EJV\CEMK   IGT5VGTP$/%%QJ4+%wC -PCRRGT5EJTÌVNKPIUGJTUEJÌP





Õ&GPCTWOX%JT4QO22GVTQPKWU6WTRKNKCPWUI-QRHT6CTRGKCOKVGTJQDGPGP*·P FGPXXJCNDXQP5EJKNFGPDGITCDGP$/%%QJ4+%w  .GKEJVFG\GPVTKGTV2T·IGUEJY·EJGCO4CPFIWVGUUGJTUEJÌP



Õ&GPCT  X %JT 4QO 2 2GVTQPKWU 6WTRKNKCPWU  I (GTQPKCDÒUVG T-PKGPFGT 2CTVJGT T   RT·UGPVKGTV5VCPFCTVG$/%%QJ4+%w #VVTCMVKXGU'ZGORNCTUGJTUEJÌPpXQT\ÒINKEJ





&KGXQP%TCUUWUX%JTCPFKG2CTVJGTXGTNQTGPGP(GNF\GKEJGPJCDGPFKG4ÌOGTX%JTCWHFKRNQOCVKUEJGO 9GIG \WTÒEMIGYKPPGP MÌPPGP /KV FGO KJO GKIGPGP TQDWUVGP 5GNDUVDGYW­VUGKP UVGNNVG #WIWUVWU FKGU KP UGKPGO   6CVGPDGTKEJV   UQ FCT &KG 2CTVJGT JCDG KEJ IG\YWPIGP FKG $GWVG WPF (GNF\GKEJGP FTGKGT TÌOKUEJGT *GGTG   \WTÒEM\WIGDGPWPFFKG(TGWPFUEJCHVFGU4ÌOKUEJGP8QNMGU\WGTHNGJGP

1192 Æ



“5GUVGT\X%JT4QO63WKPEVKWU%TKURKPWU5WNRKEKCPWUI'KEJGPMTCP\\YKUEJGP\YGK .QTDGGT\YGKIGP5%$/%%QJXGTIN4+%w 4)TÒPG2CVKPCUGJTUEJÌP

1,5:1





1193 1,5:1

Õ&GPCTX%JTWPDGUVKOOVG/ÒP\UV·VVG %[\KEWU! I-QRHTKO'KEJGPMTCP\-CPFGNC DGTKPGKPGOOKV\YGK2CVGTCGWPF\YGK$WETCPKCIGUEJOÒEMVGP-TCP\$/%%QJ )CKWU%CGUCT  4+%w 44#WUIG\GKEJPGVGU2QTVT·VUGJTCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT



'U YKTF IGNGIGPVNKEJ CWEJ JGWVG PQEJ FKG #WHHCUUWPI %QJGPU XGTVTGVGP FCU 2QTVT·V FGT 8QTFGTUGKVG UVGNNG FGP   'PMGN FGU #WIWUVWU )CKWU %CGUCT FCT QDYQJN FKGUG &GWVWPI UQYQJN KO $/% CNU CWEJ KO %$0 CNU CWEJ KO   4+%w N·PIUV YKFGTNGIV KUV &CU 2QTVT·V FGT 8QTFGTUGKVG KUV UKEJGT LWIGPFNKEJ GKP FTGKL·JTKIGT -PCDG )CKWU %CGUCT   YWTFGKO#WIWUVQFGT5GRVGODGTX%JTIGDQTGP KUVCDGTDGUVKOOVPKEJVFCTIGUVGNNV&CU5VÒEMHGKGTVFKGNWFK UCGEWNCTGU FKG KP FGT 0CEJV \WO  ,WPK  X%JTGTÌHHPGVYWTFGPWPFFTGK6CIGWPFFTGK0·EJVGFCWGTVGPFGT -CPFGNCDGTDG\KGJVUKEJUKEJGTCWHFKGP·EJVNKEJGP(GKGTPFGT-TCP\OKVFGP2CVGTCGWPF$WETCPKCURKGNVOÌINKEJGT YGKUGCWHFKG(GKGTPCO6CIGCPFGPP4KPFGTYWTFGPXQP#WIWUVWUWPF#ITKRRCPWTCOWPF,WPKVCIUÒDGT IGQRHGTV XGTIN 5WVJGTNCPF 6JG FCVG CPF VJG UKIPKHKECPEG QH VJG ECPFGNCDTWO EQKPU QH #WIWUVWU KP %NCUUKECN   4GXKGY5HH 

141


1194

1195 Æ

1,5:1



1,5:1

Õ&GPCTX%JT.WIFWPWOI-QRHTOKV.QTDGGTMTCP\#RQNNQUVGJVTOKV.[TCWPF 2NGEVTWO ! $/%%QJ4+%wC 4(CUVXQT\ÒINKEJ



&GT4GXGTUHGKGTV#RQNNQPCNU5EJNCEJVGPJGNHGTXQP#EVKWO



“3WCFTCPUX%JT4QO.COKC5KNKWU#PPKWUI<YGK*·PFGJCNVGP%CFWEGWU5%$/% %QJ4+%w &WPMNG2CVKPCUGJTUEJÌP

1196 Å









1197 Å

Ô#WTGWUX%JT.WIFWPWOI-QRHTOKV.QTDGGTMTCP\)CKWUWPF.WEKWU%CGUCTGUUVG JGP X X OKV 5RGGTGP WPF 5EJKNFGP FCTÒDGT 5KORWNWO WPF .KVWWU $/%  %CNKEQ  %QJ    4+%w (CUVUGJTUEJÌP



Ô#WTGWUX%JT.WIFWPWOI-QRHTOKV.QTDGGTMTCP\)CKWUWPF.WEKWU%CGUCTGUUVG JGP X X OKV 5RGGTGP WPF 5EJKNFGP FCTÒDGT 5KORWNWO WPF .KVWWU $/%  %CNKEQ  %QJ    4+%w 2TÒHGKPJKGDCWHFGO#XGTUUEJÌP



Õ&GPCT  X %JT .WIFWPWO  I -QRH T OKV .QTDGGTMTCP\)CKWU WPF .WEKWU %CGUCTGU   UVGJGPXXOKV5RGGTGPWPF5EJKNFGPFCTÒDGT5KORWNWOWPF.KVWWU$/%%QJ4+%w &C\WGKPG&TCEJOG#NGZCPFGTU+++ 5VÒEM8QTFGTUGKVGNGKEJVFG\GPVTKGTVUGJTUEJÌP



&GT 6[R KUV PKEJV YKG KO 4+%w CPIGIGDGP  X P %JT \W FCVKGTGP FKGUG 5VÒEMG YWTFGP  X %JT IGRT·IV   YKG UKEJ CWU FGT 6CVUCEJG GTIKDV FC­ )CKWU %CGUCT KO ,CJT  P %JT FGP -QPUWNCV KPPGJCVVG WPF UQOKV PKEJV   OGJT FGUKIPKGTVGT -QPUWN YCT -GJPG <WT &CVKGTWPI FGT (WPFOÒP\GP CWU -CNMTKGUG KP 9KGIGNU 4CKPGT  

*TUI  &KG (WPFOÒP\GP XQP -CNMTKGUG WPF FKG HTÒJMCKUGT\GKVNKEJG /ÒP\RT·IWPI /ÌJPGUGG  5  H    5KGJG \WT &CVKGTWPI WPF \WT &GWVWPI FGU 4GXGTUGU CWEJ 9QNVGTU )CKWU WPF .WEKWU %CGUCTGU CNU FGUKIPKGTVG   -QPUWNPWPFRTKPEKRGUKWXGPVWVKU&KGNGZ8CNGTKC%QTPGNKCWPF4+%+wHHKP%JKTQP  5HH

1199 Æ

1200 Æ

1201 Æ



“U ,CJT     5KFQP 2JQGPKEKC   I 8KGTU·WNKIGT 6GORGN \YKUEJGP 5·WNGP'WTQRC CWH   5VKGTN42% 1NKXDTCWPG2CVKPCUGJTUEJÌP





“U2JKNKRRK /CEGFQPKC I-QRHT<YGK2TKGUVGTRHNÒIGPT42%  )TÒPG2CVKPCIWVGUUGJTUEJÌP



&KG <WUEJTGKDWPI CP 2JKNKRRK KUV PKEJV IGUKEJGTV FC FKG /ÒP\G MGKP 'VJPKMQP VT·IV &KG (WPFG OCEJGP FKGUG   <WYGKUWPICDGTYCJTUEJGKPNKEJ



WPF&KXWU,WNKWU%CGUCT“U,CJTFGT5KGIGU·TCXQP#EVKWO !X%JT 6JGUUCNQPKEC

/CEGFQPKC I-QRH%CGUCTUT-QRHT42% 4$TCWPG2CVKPCHCUVUGJTUEJÌP <WT&CVKGTWPIUKGJG6QWTCVUQINQW&KG/ÒP\UV·VVGXQP6JGUUCNQPKMKKPFGTTÌOKUEJGP-CKUGT\GKV$GTNKP5

142




1202



1203 Æ

1204 Æ

1205 Æ

1206 Æ

 HÒT &KXWU ,WNKWU %CGUCT Õ&GPCT  X %JT 4QO / 5CPSWKPKWU  I *GTQNF UVGJV N OKV   %CFWEGWUWPF4WPFUEJKNF-QRHFGUXGTIÌVVNKEJVGP%CGUCTTFCTÒDGT-QOGV$/%%QJXGTIN 4+%w 5GJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC



&GT -QOGV ÒDGT FGO -QRH %CGUCTU KUV FGT UKFWU ,WNKWU ªDGT FKGUGP -QOGVGP UEJTGKDV 2NKPKWU PCV ++   0WT   CP GKPGO GKP\KIGP 1TV FGT 'TFG P·ONKEJ KP 4QO YKTF GKP -QOGV KP GKPGO 6GORGN XGTGJTV YGKN KJP FGT &KXWU   #WIWUVWU CNU UGJT IÒPUVKIGU <GKEJGP HÒT UKEJ GTMN·TVG 'T VTCV P·ONKEJ \W $GIKPP UGKPGT 4GIKGTWPI KP 'TUEJGKPWPI   Y·JTGPF FGT 5RKGNG FKG GT \W 'JTGP FGT 8GPWU )GPGVTKZ MWT\ PCEJ FGO 6QFG UGKPGU 8CVGTU %CGUCT KP FGO PQEJ   XQPFKGUGOGKPIGUGV\VGP-QNNGIKWOCDJKGNV/KVHQNIGPFGP9QTVGP·W­GTVGGTFCTÒDGTUGKPG(TGWFG)GTCFGCPFGP 6CIGPOGKPGT5RKGNGYWTFGGKP*CCTUVGTPUKGDGP6CIGNCPICOPÌTFNKEJGP6GKNFGU*KOOGNUGTDNKEMVGTIKPIWOFKG GNHVG 6CIGUUVWPFG CWH YCT UGJT NGWEJVGPF WPF KP CNNGP .·PFGTP UKEJVDCT &CU 8QNM INCWDVG FWTEJ FKGUGP 5VGTP   YGTFG FKG #WHPCJOG FGT 5GGNG %CGUCTU WPVGT FKG WPUVGTDNKEJGP )ÌVVGT CPIG\GKIV WO FGUUGPVYKNNGP YWTFG FKGUGU   5VGTP\GKEJGP CO #DDKNF UGKPGU -QRHGU CPIGDTCEJV FCU UR·VGT CWH FGO (QTWO IGYGKJV YWTFG 5Q URTCEJ GT UKEJ   ÌHHGPVNKEJCWUKPUGKPGO+PPGTPCDGTYCTGTOKV(TGWFGÒDGT\GWIVFC­FGT5VGTPHÒTKJPCWHIGICPIGPUGKWPFFC­GT OKVKJOCWHIGJGWPF\YCTYGPPYKTFKG9CJTJGKVUCIGPYQNNGP\WO*GKNGFGT9GNV  &GT*GTQNFCWHFGO#XGTUXGTMÒPFGVFKG5CGEWNCTHGKGTPUKGJGFC\WCWEJ0T



 WPF #ITKRRC “#U  0GOCWUWU  I $GKFGT -ÌRHG PCEJ CW­GP DNKEMGPF-TQMQFKN CP   2CNOGIGMGVVGVT4+%w42% )TÒPG2CVKPCCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





WPF4JQKOGVCNMGU“UI-QRHFGU#WIWUVWUT-QRHFGU4JQKOGVCNMGUTOKV&KCFGO42% XGTIN )N·P\GPFGFWPMGNITÒPG2CVKPCUGJTUEJÌP



&KG#XGTUNGIGPFGFGU5VÒEMGUKUVXGTDCNNJQTPV



 OKV 4JQKOGVCNMGU WPF 2[VJQFQTKU XQP $QURQTWU “U  X P %JT  I -QRH FGU #W   IWUVWUT-ÌRHGFGU4JQKOGVCNMGUWPFFGT2[VJQFQTKUT42% )TÒPG2CVKPCIWVGUUGJTUEJÌP





“U  X P %JT  I -QRH FGU #WIWUVWU T-ÌRHG FGU 4JQKOGVCNMGU WPF FGT 2[VJQFQTKU T   42% &WPMGNITÒPG2CVKPCUGJTUEJÌP





“U  X P %JT  I -QRH FGU #WIWUVWU T-ÌRHG FGU 4JQKOGVCNMGUWPFFGT2[VJQFQTKUT 42% &WPMNG2CVKPCIWVGUUGJTUEJÌP





 OKV <GPQFQTQU XQP %JCNMKU “U   X %JT  %JCNMKU 5[TKC   I -QRH T-QRH N   42% )TÒPG2CVKPCUGJTUEJÌP



1208 Æ

1207 Æ

/CTEWU#PVQPKWUNKG­.[UCPKCUFGP8CVGTFGU<GPQFQTQUJKPTKEJVGP0CEJFGT5EJNCEJVXQP#EVKWOUGV\VG#WIWUVWU <GPQFQTQUCNU4GIGPVGPGKP

1,5:1



1209 Å

1,5:1

6KDGTKWUÔ#WTGWU.WIFWPWOI-QRHTOKV.QTDGGTMTCP\.KXKCCNU2CZUKV\VT OKV<YGKIWPF<GRVGT$/%%CNKEQ%QJ4+%w  5GNVGPKPFKGUGT'TJCNVWPI8QT\ÒINKEJGU'ZGORNCTOKVHGKPGT6ÌPWPI



/ÒP\UVGORGN FKGUGU 6[RU YWTFGP MÒT\NKEJ KO .GIKQPUNCIGT 8KPFQPKUUC 9KPFKUEJ KP ¤UVGTTGKEJ  GPVFGEMV 0CEJ   FGOCTEJ·QNQIKUEJGP$GHWPFKUVFCXQPCWU\WIGJGPFC­KP8KPFQPKUUCGKPGQHHK\KGNNG/ÒP\UV·VVGGZKUVKGTVJCV&KGUG UGPUCVKQPGNNG 'PVFGEMWPI UVGNNV XKGNG /ÒP\UV·VVGP\WYGKUWPIGP FGT HTÒJGP -CKUGT\GKV KP (TCIG FGPP GU KUV FCXQP   CWU\WIGJGPFC­CWEJKPCPFGTGP.GIKQPUNCIGTP/ÒP\UV·VVGPGZKUVKGTVJCDGP

143


1210 Å

1212

1211 Å

1,5:1

1,5:1



Ô#WTGWU.WIFWPWOI-QRHTOKV.QTDGGTMTCP\.KXKCCNU2CZUKV\VTOKV<YGKIWPF <GRVGT$/%%CNKEQ%QJ4+%w 5GJTCPURTGEJGPFGUHCUVXQT\ÒINKEJGU'ZGORNCT





Ô#WTGWU.WIFWPWOI-QRHTOKV.QTDGGTMTCP\.KXKCCNU2CZUKV\VTOKV<YGKIWPF <GRVGT$/%%CNKEQ%QJ4+%w  8QTFGTUGKVGNGKEJVFG\GPVTKGTVUGJTUEJÌPDKUXQT\ÒINKEJ



Õ&GPCT .WIFWPWO  I -QRH T OKV .QTDGGTMTCP\.KXKC CNU 2CZ UKV\V T $/%  %QJ    4+%w 5GJTUEJÌP





&GT5KNDGTNKPIFGT$KDGN 6TKDWVG2GPP[ 

1213

1214 Æ

1215 Æ



1215 Æ

Õ&GPCT.WIFWPWOI-QRHTOKV.QTDGGTMTCP\#XGTUKPEWUWO$/%XGTIN%QJXGTIN 4+%wXGTIN +PVGTGUUCPVG(GJNRT·IWPIUGJTUEJÌP



&KG8QTFGTUGKVGGKPGTJ·PIGPIGDNKGDGPGP/ÒP\GFKGPVGJKGTCNU4GXGTUUVGORGN#NU4ÒEMUGKVGPOQVKXYCTXGTOWVNKEJ FKGUKV\GPFG.KXKCXQTIGUGJGP



“U-QTKPVJ %QTKPVJKC &WWOXKTK.#TTKWU2GTGITKPWUWPF.(WTKWU.CDGQI8GTUEJNGK GTVG$ÒUVGFGT.KXKCCNU2KGVCUT5GEJUU·WNKIGT6GORGN42% &WPMNG2CVKPCUGJTUEJÌP



“5GUVGT\4QOI3WCFTKICT5%$/%%QJ4+%w  )TÒPDTCWPG2CVKPCOKPMQTTQFKGTVUGJTUEJÌPGU'ZGORNCT

 

&KGNGGTG3WCFTKICURKGNVXGTOWVNKEJCWHFCU8QTIGJGPFGU.8KVGNNKWUIGIGPFKG2CTVJGTCP

1,5:1

1216 Æ

1,5:1

1217 Æ



“6GUUGTC  I -QRH T OKV 5VTCJNGPDKPFG8++ KP 2GTNMTGKU $WVVTG[ 0%  2N   XGTIN    445GJTUEJÌP





“U&KQUJKGTQP #UKC I-QRHT-QRHFGU<GWUTOKV.QTDGGTMTCP\42%  4$TCWPG2CVKPCUGJTUEJÌP



&KG <WYGKUWPI \W 6KDGTKWU KUV CWH )TWPF FGU 2QTV·VU GTHQNIV XGTIN FKG 2T·IWPIGP FGU 6KDGTKWU XQP *[RCGRC   42%HH OÌINKEJY·TGCWEJFKG<WYGKUWPI\W#WIWUVWU

144


1,5:1



1,5:1

“U-QTKPVJ %QTKPVJKC I2GICUWUHNKGIVT&GNRJKPT42%

1,5:1



1218 Æ

1219 Å

$TCWPG2CVKPCUGJTUEJÌP

1,5:1

WPF&KXWU#WIWUVWUÔ#WTGWU4QOI-QRHFGU6KDGTKWUTOKV.QTDGGTMTCP\-QRHFGU #WIWUVWUTOKV.QTDGGTMTCP\FCTÒDGT5VGTP$/%%CNKEQ%QJ4+%w 445GJTUEJÌP

1222 Æ

1220 Æ





1221 Æ



HÒT&KXWU#WIWUVWU“#U4QOI-QRHNOKV5VTCJNGPDKPFG#NVCT$/%%QJ 4+%w $TCWPG2CVKPCJGTXQTTCIGPFGU2QTVT·VXQT\ÒINKEJ





“#U4QOI-QRHNOKV5VTCJNGPDKPFG)GHNÒIGNVGT$NKV\$/%%QJ4+%w &WPMGNITÒPG2CVKPCHGKPGT5VKNXQT\ÒINKEJ





HÒT&KXWU#WIWUVWUWPF.KXKC“U4QOWNC *KURCPKC I-QRHTOKV5VTCJNGPDKPFG-QRHN ÒDGT)NQDWUQDGP/QPFUKEJGN42% &WPMNG2CVKPCUEJÌP



1223 Æ

1224 Æ

1223 Æ



WPF.KXKC“U2CPQTOQU 5KEKNKC I-QRHT-QRHTOKV5EJNGKGT42%  1NKXITÒPG2CVKPCUEJÌP



 HÒT &TWUWU “5GUVGT\  4QO  I $ÒUVGP \YGKGT -KPFGT CWH (ÒNNJÌTPGTP FC\YKUEJGP   IGHNÒIGNVGT%CFWEGWU5%$/%%QJ &TWUWU 4+%w  )TÒPDTCWPG2CVKPCGVYCUMQTTQFKGTV(GNFGTNGKEJVIGIN·VVGVUQPUVUGJTUEJÌPGU'ZGORNCT





#WHFGO(ÒNNJQTPUKPFFKG$ÒUVGPFGTDGKFGP<YKNNKPIUUÌJPGFGU&TWUWUCWUFGT'JGOKVFGT·NVGTGP.KXKNNC6KDG TKWU)GOGNNWUWPFFGTPCEJUGKPGODGTÒJOVGP1PMGNDGPCPPVG)GTOCPKEWUFCTIGUVGNNV

145


1225 Æ

   

1227 Æ

1226 Æ

1228 Æ

“#U4QOI-QRHN5%$/%%QJ4+%w  5EJYCT\G2CVKPC4GXGTUOKPMQTTQFKGTVUGJTUEJÌP “#U4QOI-QRHN5%$/%%QJ4+%w )TÒPG2CVKPCUGJTUEJÌP OKV4JQKOGVCNMGU++XQP$QURQTWUWPFFGUUGP)GOCJNKP “UPCEJI-QRHT-ÌRHG FGU4JQKOGVCNMGUWPFUGKPGT)GOCJNKPT42% $TCWPG2CVKPCUGJTUEJÌP )CKWU %CNKIWNC  “#U  4QO  I -QRH N8GUVC UKV\V N OKV 2CVGTC WPF <GRVGT   $/%%QJ4+%w )TÒPDTCWPG2CVKPCUGJTUEJÌP

   

#WUGKPGT5VGNNGCWU5WGVQP .:H IGJVJGTXQTYCTWO $TQP\G /ÒP\GPFGU)CKWU%CNKIWNCUQUGNVGPUKPF+O ,CJTDGUEJNQ­FGT5GPCVCNNG$TQP\GOÒP\GPFGU)CKWUGKP\WUEJOGN\GP9KG5WGVQPYGKVGTDGTKEJVGVYWTFGCWUFGO 5EJOGN\IWVCWH8GTCPNCUUWPIFGT/GUUCNKPCGKPG5VCVWGHÒTKJTGP)GNKGDVGPFGP5EJCWURKGNGT/PGUVGTCPIGHGTVKIV

1230 Æ

1229 Æ

1231



“3WCFTCPU  4QO  I2KNGWU4%% TGOKUUCFWEGPVGUKOC $/%%QJ4+%w  5GJTUEJÌP &KG/ÒP\GHGKGTVFKG#DUEJCHHWPIGKPGTRTQ\GPVKIGP8GTMCWHUUVGWGT





“3WCFTCPU  4QO  I2KNGWU4%% TGOKUUCFWEGPVGUKOC $/%%QJ4+%w  5GJTUEJÌP





 WPF &KXWU #WIWUVWU Õ&GPCT  .WIFWPWO  I -QRH T-QRH T OKV 5VTCJNGPDKPFG \YK   UEJGP\YGK5VGTPGP$/%5#PO%QJ4+%w 44(CUVUGJTUEJÌPUGJTUEJÌP 

1232 Æ



1233 Æ

1234 Æ

HÒT#ITKRRC“#U4QOI-QRHNOKV4QUVTCNMTQPG0GRVWPUVGJVNOKV&GNRJKPWPF&TGK \CEM$/% 6KDGTKWU %QJ #ITKRRC 4+%w  )TÒPG2CVKPCJGTXQTTCIGPGU2QTVT·VUGJTUEJÌPpXQT\ÒINKEJ





“#U 4QO  I -QRH N OKV 4QUVTCNMTQPG0GRVWP UVGJV N OKV &GNRJKP WPF &TGK\CEM $/%    6KDGTKWU %QJ #ITKRRC 4+%w )TÒPG2CVKPCXQT\ÒINKEJGU'ZGORNCT





“#U4QOI-QRHNOKV4QUVTCNMTQPG0GRVWPUVGJVNOKV&GNRJKPWPF&TGK\CEM$/% 6K DGTKWU %QJ #ITKRRC 4+%w &WPMGNITÒPG2CVKPCMN-TCV\GTCWHFGO4GXGTUHCUVXQT\ÒINKEJ



146


1235 Æ

1236 Æ



HÒT#ITKRRKPCOCVGT“5GUVGT\4QOI&TCRKGTVG$ÒUVGT%CTRGPVWON$/% %QJ4+%w 4&WPMGNITÒPG2CVKPCUGJTUEJÌP 



“5GUVGT\4QOI&TCRKGTVG$ÒUVGT%CTRGPVWON$/%%QJ4+%w  45EJYCT\G2CVKPCUGJTUEJÌP



#ITKRRKPCFKG)GOCJNKPFGU)GTOCPKEWUYWTFGP%JTXGTDCPPVWPFOCEJVGKJTGO.GDGPP%JTKO#NVGT XQP  ,CJTGP GKP 'PFG 5KG JCVVG PGWP -KPFGT \WT 9GNV IGDTCEJV %CNKIWNC GKPGT KJTGT 5ÌJPG NKG­ FCU 5VÒEM \WT   'TKPPGTWPI CP UGKPG /WVVGT RT·IGP WPF XGTYGKUV OKV FGO 4GXGTU CWH FKG UGNVGPG XQO 5GPCV DGUEJNQUUGPG 'JTWPI   FC­UKGCNU(TCWRGT/CWNVKGTYCIGPKP4QOHCJTGPFWTHVG XGTIN5WGVQP%NCWFKWUWPF 

1239

1237 Æ

1238 Æ



HÒT)GTOCPKEWU“#U4QOI-QRHN5%$/%%QJ )GTOCPKEWU 4+%w &WPMNG2CVKPC4GXGTUMQTTQFKGTVUGJTUEJÌP





“#U4QOI-QRHN5%$/%%QJ )GTOCPKEWU 4+%w  &WPMNG2CVKPCMN1Z[FHNGEMGUGJTUEJÌP





%NCWFKWUÕ&GPCTKVCNKUEJG/ÒP\UV·VVG ! I-QRHTOKV'KEJGPMTCP\+P'KEJGP MTCP\ ': 5%1$ %+8'55'48#615 $/%  %QJ  XQP -CGPGN  6H   4+%w    *GTXQTTCIGPFGU2QTVT·VUGJTUEJÌPGU'ZGORNCT  &CU 5VÒEM KUV OÌINKEJGTYGKUG FCU 2TQFWMV GKPGT \WT ªDGTRT·IWPI XQP /ÒP\GP FGU %CNKIWNC GKPIGTKEJVGVGP   KVCNKUEJGP/ÒP\UV·VVG WPRWDNK\KGTVG'PVFGEMWPIXQP%%NC[ 

1241 Æ

1240 Æ



“5GUVGT\4QOI-QRHTOKV.QTDGGTMTCP\':5%1$%+8'55'48#615KP-TCP\ $/%%QJ4+%w 8QTFGTUGKVGNGKEJVIGIN·VVGVUGJTUEJÌP





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\ T TGEJVGEMKIGT )GIGPUVGORGN 241$   5RGUIGJVN$/%%QJ4+%w)GIGPUVGORGN5NI2CPIGTN  5EJÌP)GIGPUVGORGNUGJTUEJÌP



1242 Æ

1243 Æ



“3WCFTCPU4QOI/QFKWU5%$/%%QJ4+%w  &WPMGNITÒPG2CVKPCUGJTUEJÌP





“3WCFTCPU4QOI/QFKWU5%$/%%QJ4+%w  &WPMNG2CVKPCMPCRRGT5EJTÌVNKPIUGJTUEJÌP

 147


1,5:1



1244

1,5:1

Õ&GPCTPCEJ4QOI-QRHTOKV.QTDGGTMTCP\2CZ0GOGUKUIGJVTOKV%CFWEGWUFCXQT 5EJNCPIG$/%XGTIN%QJXGTIN4+%wXGTIN  45WDCGTCV ! MN-TCV\GTUGJTUEJÌPpXQT\ÒINKEJ



&C FGT &GPCT CP FGT GPVUEJGKFGPFGP 5VGNNG UEJYCEJ CWUIGRT·IV KUV MCPP OCP PKEJV OKV 5KEJGTJGKV NGUGP QD GU   642++++JGK­VQFGTOÌINKEJGTYGKUG642+++

1245

 

1245

1246 Æ

Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\2CZ0GOGUKU IGJV T OKV %CFWEGWU FCXQT   5EJNCPIG$/%%QJ4+%w 4(CUVUGJTUEJÌP   HÒT #PVQPKC “&WRQPFKWU  4QO  I &TCRKGTVG $ÒUVG T%NCWFKWU UVGJV N OKV 5KO   RWNWO$/%%QJ4+%w 48QT\ÒINKEJ 

1247 Æ



HÒT#ITKRRKPCOCVGT“5GUVGT\4QOI&TCRKGTVG$ÒUVGT5%$/%%QJ 4+%w 4&WPMNG2CVKPC(GNFGTOKPIGIN·VVGVIWVGUUGJTUEJÌP  #ITKRRKPC OCVGT YCT FKG 6QEJVGT FGU #ITKRRC WPF FGT ,WNKC FGT 6QEJVGT FGU #WIWUVWU 5KG JGKTCVGVG )GTOCPKEWU   0CEJ FGO 6QFG KJTGU /CPPGU YWTFG UKG XQP 6KDGTKWU PCEJ 2CPFCVGTKC XGTDCPPV YQ UKG CO  1MVQDGT    XGTJWPIGTVUGKPUQNN

1,5:1



1248 Å

1,5:1

WPF#ITKRRKPCHKNKCÔ#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\&TCRKGTVG$ÒUVGT OKVJTGPMTCP\$/%%CNKEQH%QJ4+%w 5GJTUEJÌP  &KG LÒPIGTG #ITKRRKPC 6QEJVGT FGU )GTOCPKEWU YWTFG KP 1RRKFWO 7DKQTWO IGDQTGP &CJGT NKG­ UKG FKG 5VCFV   KO,CJT\WT%QNQPKC%NCWFKC#TC#ITKRRKPGPUKWOGTJGDGP

1249 Æ



1250 Æ

 WPF $TKVCPPKEWU “U  6JGUUCNQPKEC /CEGFQPKC   I -QRH N+P -TCP\ &TCRKGTVG   $ÒUVGN42% 4&WPMNG2CVKPCHCUVUGJTUEJÌP



$TKVCPPKEWUFGT5QJPFGU%NCWFKWUWPFFGT/GUUCNKPCYWTFGXQP0GTQGTOQTFGV

 148

 WPF /GUUCNKPC “U XQT  -PQUUQU %TGVC  &WWOXKTK %CRKVQ WPF %[VJGTWU  I -QRH N   &TCRKGTVG$ÒUVGT42% 445GJTUEJÌP




1252 Æ

1251 Æ

1255 Æ

1254 Å

1,5:1



0GTQ“U#MOQPGKC 2JT[IKC #TEJQP.5GTXGPKWU%CRKVQI&TCRKGTVG$ÒUVGT<GWU UKV\VNOKV2CVGTCWPF<GRVGTFCXQT*CNDOQPFWPF'WNG42% 5GJTUEJÌP





“UWO5KFG 2CORJ[NKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\#VJGPCIGJVNOKV5RGGT )TCPCVCRHGNWPF5EJKNFFCXQT5EJNCPIG42%  $TCWPG2CVKPCOKVITÒPGP8GTMTWUVWPIGPXQT\ÒINKEJ



Õ*GOKFTCEJOG ! %CGUCTGC %CRRCFQEKC I-QRHTOKV.QTDGGTMTCP\8KEVQTKCIGJVT OKV.QTDGGTMTCP\42%5[FGPJCO&C\W\YGK“2T·IWPIGPFKGUGT5VCFV %NCWFKWU)QTFKCPWU+++  UQYKGGKPG“2T·IWPIFGU0GTQCWU'KMQPKQP 5VÒEM5GJTUEJÌP







Ô#WTGWU  4QO  I -QRH T+P 'KEJGPMTCP\ ': 5% $/%  %CNKEQ  %QJ    4+%w 5GJTUEJÌP 



“UWO5CTFGKU .[FKC 5VTCVGIQU/KPFKQUI-QRHTOKV.QTDGGTMTCP\&KQP[UQUUVGJVNOKV -CPVJCTQUWPF6J[TUQU42% &WPMGNITÒPG2CVKPCUGJTUEJÌP



1257 Å

1256 Å

1,5:1

1,5:1



Õ&GPCT4QOI-QRHT+P'KEJGPMTCP\':5%$/%%QJ4+%w  5GJTUEJÌP



Ô#WTGWU4QOI-QRHT8KTVWUUVGJVTOKV2CTC\QPKWOWPF5RGGT(W­CWH9CHHGP $/%%CNKEQ%QJ4+%w 5GJTCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT 

1258 Æ



1259 B



1258 Æ

“5GOKU WO  4QO  I -QRH T OKV .QTDGGTMTCP\7TPG WPF -TCP\ CWH 6KUEJ $/%    %QJ4+%w )TÒPG2CVKPCIWVGUUGJTUEJÌP



&GT 4GXGTU DG\KGJV UKEJ CWH FKG XQP 0GTQ KO ,CJTG  IGITÒPFGVGP 0GTQPKC UKGJG 5WGVQP 0GTQ  'T XGTCP   UVCNVGVGCWEJCNUGTUVGTXQPCNNGPKP4QOGKPGP9GVVMCORHFGTCNNGHÒPH,CJTGUVCVVHCPFWPFYKGDGKFGP)TKGEJGPCWU FTGK &KU\KRNKPGP DGUVCPF GKPGT OWUKUEJGP GKPGT CVJNGVKUEJGP WPF GKPGT &KU\KRNKP \W 2HGTFG &KGUGT 9GVVMCORH   GTJKGNVFGP0COGP0GTQPKC



$6GVTCFTCEJOG,CJT  #NGZCPFTKC #GI[RVWU I-QRHTOKV5VTCJNGPDKPFG&TC RKGTVG$ÒUVGFGU5CTCRKUTOKV-CNCVJQU&CVVCTK)GKUUGP42% 5GJTUEJÌP

 149


1260 Å 1,5:1



1,5:1

Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\0GTQUVGJVXXOKV5VTCJNGPDKPFG<YGKI WPF8KEVQTKCCWH)NQDWU$/%%CNKEQ%QJ4+%w 45GJTUEJÌP

1261



1263

1262 Æ



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\,WRKVGTUKV\VNOKV$NKV\WPF<GRVGT$/% %QJ4+%w 5GJTUEJÌP





“#U4QOI-QRHTOKV.QTDGGTMTCP\8KEVQTKCHNKGIVNOKV5EJKNFCWHFGO5234$/% %QJ4+%w $TCWPG2CVKPCHCUVUGJTUEJÌP



/ÌINKEJGTYGKUGDG\KGJVUKEJFKG4ÒEMUGKVGCWHFGPCTOGPKUEJGP(GNF\WI



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\5CNWUUKV\VNOKV2CVGTC$/%%QJ 4+%w 5GJTUEJÌP

1264 Å

1,5:1





1,5:1

Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\5CNWUUKV\VNOKV2CVGTC$/%%CNKEQ %QJ4+%w 5GJTUEJÌP



5CNWU FGTGP -WNV KP 4QO PCEJ FGO 5COPKVGPMTKGI 'PFG FGU XKGTVGP ,CJTJWPFGTVU X %JT GKPIGHÒJTV YQTFGP YCT   JCVVG KP FGT HTÒJGP -CKUGT\GKV XGTUEJKGFGPG $GFGWVWPIGP 7PVGT #WIWUVWU YWTFG FKG 5CNWU RWDNKEC FWTEJ FKG   MQPMTGVGP 6CVGP FGU *GTTUEJGTU ICTCPVKGTV WPVGT 6KDGTKWU FWTEJ FCU #OV FGU -CKUGTU WPVGT 0GTQ UEJNKG­NKEJ YCT   FKG 5CNWU RWDNKEC OKV FGT 5CNWU #WIWUVK KFGPVKUEJ 5KGJG CWEJ 9KPMNGT .QTGP\ 5CNWU 8QO 5VCCVUMWNV \WT   RQNKVKUEJGP+FGG'KPGCTEJ·QNQIKUEJG7PVGTUWEJWPI*GKFGNDGTI

1265 Å

1266 Æ 1,5:1



1,5:1

Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\+822+6'4%85615,WRKVGTUKV\VNOKV$NKV\ WPF<GRVGT$/%%CNKEQ%QJ4+%w #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



&GO +WRRKVGT %WUVQU YCT 0GTQ PCEJ FGT 'PVFGEMWPI FGT 8GTUEJYÌTWPI FGU 2KUQ KO #RTKN  6CEKVWU #PP :8   HH DGUQPFGTUXGTDWPFGP

 150

“U#PVKQEJKC 5[TKC I-QRHTOKV.QTDGGTMTCP\FCXQT5KORWNWO+P-TCP\5%42% $TCWPG2CVKPCUGJTUEJÌP




1268

1267 Æ

1267 Æ



“U#PVKQEJKC 5[TKC I-QRHTOKV.QTDGGTMTCP\FCXQT.KVWWU+P-TCP\5%42%  $TCWPG2CVKPCHCUVUGJTUEJÌP



 WPF #ITKRRKPC HKNKC Õ&GPCT  4QO  I $GKFGT $ÒUVGP T&KXWU %NCWFKWU WPF &KXWU   #WIWUVWUKP'NGHCPVGPSWCFTKICN$/%%QJ4+%w 5GJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC 



&KG'NGHCPVGPSWCFTKICGTUEJGKPVCWHLWNKUEJENCWFKUEJGP2T·IWPIGPUVGVUPWTOKVCWUFTÒEMNKEJGO$G\WICWH#WIWUVWU

1269 Å

1,5:1



1,5:1

)CNDCÔ#WTGWU4QO ! I-QRHNOKV.QTDGGTMTCP\WPVGP)NQDWU.KXKCUVGJVNOKV 2CVGTCWPF<GRVGT$/%%CNKEQ%QJ4+%w 44-TCV\GTCWHFGO#XGTUUGJTUEJÌP

1270 Å

1272

1271





1271

Ô#WTGWU 4QO  I -QRH T OKV .QTDGGTMTCP\5#.85 )'0*8/#0+ (QTVWPC !  UVGJV N OKV   2CVGTCWPF5VGWGTTWFGTFCXQT#NVCT$/%%CNKEQ%QJ4+%w 5EJÌPDKUUGJTUEJÌP  5CNWU IGPGTKU JWOCPK  FCU 9QJN FGT /GPUEJJGKV FKGU YCT FGT #PNC­ \WT 4GXQNVG IGIGP 0GTQ 9·JTGPF GKPGU   )GTKEJVUVCIGU KP 0GWMCTVJCIQ GTTGKEJVG )CNDC GKP $TKGH FGU 8KPFGZ FGU 2TQRTCGVQTU )CNNKGPU KP FGO FKGUGT KJP   CWHHQTFGTVGUKEJ\WO'TTGVVGTWPF(ÒJTGTFGT/GPUEJJGKV\WOCEJGP 5WGVQP)CNDC 



$6GVTCFTCEJOG,CJT  #NGZCPFTKC #GI[RVWU I-QRHTOKV.QTDGGTMTCP\&TCRKGTVG $ÒUVGFGT'KTGPGTOKV5EJNGKGTWPF1NKXGPMTCP\&CVVCTK)GKUUGP42% 5GJTUEJÌP





Õ&GPCTICNNKUEJG/ÒP\UV·VVGI-CKUGTTGKVGVTOKV.CP\G4QOCIGJVTOKV8KEVQTKCCWH )NQDWUWPF.CP\G$/%%QJ4+%w 5EJÌP



1273 Æ

1273 Æ 1,5:1



“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\.KDGTVCU UVGJV N OKV 2KNGWU WPF   <GRVGT$/%%QJ4+%w $TCWPG2CVKPCOKPMQTTQFKGTVUGJTUEJÌP  'ZGORNCTFGT#WMVKQP/ÒP\GPWPF/GFCKNNGP#)$CUGN0T

151


1275

1274 Æ

1276



“U  -QTKPVJ %QTKPVJKC  &WWOXKT . %CPKPKWU #ITKRRC  I -QRH T<YGK *·PFG JCNVGP   JTGPWPF/QJPMWIGN42% &WPMNG2CVKPCUGJTUEJÌP



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\.KXKCUVGJVNOKV2CVGTCWPF<GRVGT$/%%QJ 4+%w 5GJTUEJÌP





Õ&GPCT4QOI-QRHT52341$%5KP-TCP\$/%%QJ4+%w



1277

5GJTUEJÌP



1278

1,5:1

1,5:1



1VJQÕ&GPCT4QOI-QRHT5GEWTKVCUUVGJVNOKV-TCP\WPF<GRVGT$/%%QJ 4+%w 2TCEJVGZGORNCTXQT\ÒINKEJ





Õ&GPCT4QOI+/216*1%#'5#4#8)642-QRHT2CZUVGJVNOKV<YGKIWPF%CFW EGWU$/%%QJ4+%wXGTIN #WTGWU  5GJTUGNVGPG8CTKCPVG5GJTUEJÌP



1280 Å

1279

1,5:1





1,5:1

1,5:1

8KVGNNKWUÕ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\.KDGTVCUUVGJVTOKV2KNGWUWPF<GR VGT$/%%QJ4+%w  4DGUQPFGTUKPFKGUGT'TJCNVWPI8QT\ÒINKEJGU'ZGORNCTOKVCWUFTWEMUXQNNGO2QTVT·V



Ô#WTGWU 4QO  I -QRH T OKV .QTDGGTMTCP\. 8KVGNNKWU UKV\V N OKV <YGKI WPF #FNGT\GRVGT   $/%XGTIN%CNKEQ%QJ4+%w 44(CUVUGJTUEJÌP  .8KVGNNKWUFGT8CVGTFGU8KVGNNKWUJCVVGDGUQPFGTUWPVGT%NCWFKWUFGUUGP(TGWPFWPF$GTCVGTGTYCT-CTTKGTGIG OCEJV'TYCTDGTGKVUKO,CJTGIGUVQTDGP

1281

1282 1283 Æ



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\%QPEQTFKCUKV\VNOKV2CVGTCWPF(ÒNNJQTP$/% %QJ4+%w 8QT\ÒINKEJ





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\&TGKHW­FCTCWH&GNRJKPFCTWPVGT4CDG$/% %QJ4+%w 5GJTUEJÌP





“&WRQPFKWU4QOI&TCRKGTVG$ÒUVGT%QPEQTFKCUKV\VNOKV2CVGTCWPF(ÒNNJQTP$/% %QJ4+%w $TCWPG2CVKPCMN5EJTÌVNKPIUHGJNGTUGJTUEJÌPpXQT\ÒINKEJ



152


1284 Å

1285 Å

1,5:1

1286

1,5:1



8GURCUKCPWUÔ#WTGWU.WIFWPWOI-QRHTOKV.QTDGGTMTCP\(QTVWPCUVGJVN OKV(ÒNNJQTPFCXQT2TQTC$/%%CNKEQ%QJ4+% )GNQEJVUEJÌP



Ô#WTGWU  6CTTCEQ  I -QRH T OKV .QTDGGTMTCP\6TCWGTPFG ,WFCGC UKV\V T FCJKPVGT   6TQRJ·G$/%%CNKEQ%QJ4+% 44(CUVUGJTUEJÌP 



8GURCUKCP DGHCPF UKEJ KP #NGZCPFTKC CNU GT \WO -CKUGT CWUIGTWHGP YWTFG 'T YCT 1DGTMQOOCPFKGTGPFGT KO LÒFK   UEJGP-TKGIFGPUGKP5QJP6KVWUUKGITGKEJ\W'PFGHÒJTVG



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\6TCWGTPFG,WFCGCUKV\VTFCJKPVGT6TQRJ·G $/%%QJ4+% /CTMCPVGU2QTVT·VMPCRRGT5EJTÌVNKPIUGJTUEJÌP

1287 Å



1289

1288

1,5:1

1,5:1



Ô#WTGWU  4QO  I -QRH T OKV .QTDGGTMTCP\8KEVQTKC UVGJV T CWH )NQDWU OKV -TCP\   WPF2CNO\YGKI$/%%CNKEQ%QJXGTIN4+% 5EJÌPpUGJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\8GUVC UKV\V N OKV 5KORWNWO $/%    %QJ4+% 7PTGIGNO·­KIGT5EJTÌVNKPIHCUVXQT\ÒINKEJ





Õ&GPCT'RJGUWUI-QRHTOKV.QTDGGTMTCP\8KEVQTKCIGJVTOKV-TCP\WPF2CNO\YGKI $/%%QJ4+% 48QT\ÒINKEJGU2TCEJVGZGORNCT



1290

1291 Æ

1292

1293

1291 Æ



Õ&GPCT  'RJGUWU  I -QRH T OKV .QTDGGTMTCP\8KEVQTKC IGJV T OKV -TCP\ WPF 2CNO   \YGKI$/%%QJ4+% .GKEJVFG\GPVTKGTVYKP\-TCV\GTIWVGUUGJTUEJÌP





“#U4QOI-QRHTOKV.QTDGGTMTCP\<YGK*·PFGJCNVGPJTGPWPF%CFWEGWU$/%5 #PO%QJ )$ 4+% )TÒPDTCWPG2CVKPCUGJTUEJÌP





Õ&GPCT#PVKQEJKCI-QRHTOKV.QTDGGTMTCP\-CKUGTKP3WCFTKICTOKV<YGKIWPF<GR VGT$/%%QJ4+% 'VYCUMQTTQFKGTVUQPUVCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT





Õ&GPCT#PVKQEJKCI-QRHTOKV.QTDGGTMTCP\6TCWGTPFG,WFCGCUKV\VTWPVGT2CNOG FCJKPVGTUVGJV6KVWUTOKV5RGGTWPF2CTC\QPKWO(W­CWH*GNO$/%%QJ4+%  4#VVTCMVKXGU'ZGORNCTOKVHGKPGT6ÌPWPIUGJTUEJÌPpXQT\ÒINKEJ

 153


1294 Å

1,5:1

1295 1,5:1



Ô#WTGWU  4QO  I -QRH T OKV .QTDGGTMTCP\8KEVQTKC UVGJV T CWH )NQDWU OKV -TCP\   WPF2CNO\YGKI$/%%CNKEQ%QJ4+% 9KP\KIG-TCV\GTUGJTUEJÌP 



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\8KEVQTKC IGJV T OKV -TCP\ WPF 2CNO   \YGKIFCXQT6TQRJ·G$/%%QJXCT4+% 5GJTUEJÌP

1296 Æ



1298 Æ

1297 Æ



“#U4QOI-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVCWH)NQDWUXX-QRHT$/% %QJ4+% 1NKXITÒPG2CVKPCUGJTUEJÌP





“&WRQPFKWU  4QO  I -QRH N OKV 5VTCJNGPDKPFG(GNKEKVCU UVGJV N OKV %CFWEGWU WPF   (ÒNNJQTP$/%%QJ4+%D )TÒPG2CVKPCHCUVXQT\ÒINKEJ





“&WRQPFKWU  4QO  I -QRH N OKV 5VTCJNGPDKPFG(GNKEKVCU UVGJV N OKV %CFWEGWU WPF   (ÒNNJQTP$/%%QJ4+% )TÒPG2CVKPCMN-QTTQUKQPUUVGNNGPUGJTUEJÌP



1299 Å

1,5:1



1,5:1

Ô#WTGWU  4QO  I -QRH T OKV .QTDGGTMTCP\8KEVQTKC UVGJV N CWH %KRRWU OKV -TCP\ WPF   2CNO\YGKINWPFTLGGKPGCWHIGTKEJVGVG5EJNCPIG$/%%CNKEQ%QJ4+%  -TCV\GTCWHFGO#XGTUHCUVXQT\ÒINKEJ 

1300

1301



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\8KEVQTKC UVGJV N CWH 2TQTC OKV -TCP\ WPF   2CNO\YGKI$/%%QJ4+% -N&TWEMUVGNNGCWHFGO#XGTUXQT\ÒINKEJ5VGORGNINCP\





Õ&GPCT  4QO  I-QRHTOKV.QTDGGTMTCP\2CZUKV\VNOKV<YGKI$/%%QJ 4+% (CUVXQT\ÒINKEJ



154


1302

1302



Õ6GVTCFTCEJOG,CJT  %[RTWUI-QRHNOKV.QTDGGTMTCP\FCTCWHQXCNGT)GIGP UVGORGN -QRH FGU #PVQPKPWU ++ /CTEWU #WTGNKWU OKV .QTDGGTMTCP\ N6GORGN FGT #RJTQFKVG XQP   2CRJQU42%6\KCODC\KU)GIGPUVGORGN*QYIGIQK 5GJTUEJÌP



5EJQP *QOGT RTKGU FGP ōJGKNKIGP $G\KTM WPF YGKJTCWEJFWHVGPFGP #NVCTŋ FGT #RJTQFKVG XQP 2CRJQU &KG #WUITC   DWPIGP FGU *GKNKIVWOU DGICPPGP  OKV GKPGT FTGKOQPCVKIGP )TCDWPIUMCORCIPG WPF YWTFGP  YKGFGT   CWHIGPQOOGP OW­VGP LGFQEJ  CWHITWPF FGT <[RGTPMTKUG CDIGDTQEJGP YGTFGP 5GKV  YWTFGP FKG #WUITC   DWPIGPWPVGTFGT.GKVWPIFGU&GWVUEJGP#TEJ·QNQIKUEJGP+PUVKVWVUHQTVIGUGV\V&GTHTÒJGUVG$CWKUVWOX%JT \W FCVKGTGP DKU KPU  ,CJTJWPFGTV X %JT GTHQNIVGP OGJTGTG 0GWDCWVGP FKG LGFQEJ CNNG GKPGT ITWPFNGIGPF PGWGP   TÌOKUEJGP-WNVUV·VVGYGKEJGPOW­VGPYGNEJGXGTOWVNKEJCWHWPUGTGO5VÒEMFCTIGUVGNNVKUV

1304 Æ

1,5:1

1,5:1



1305 Æ

1303 Å

Ô#WTGWU  4QO  I -QRH T OKV .QTDGGTMTCP\,WPIMWJ FGU /[TQP UVGJV T $/%    %CNKEQ%QJ4+% 5GJTUGNVGPKPFKGUGT'TJCNVWPI8QT\ÒINKEJpUVGORGNHTKUEJ  #WH FGT 4ÒEMUGKVG FGU 5VÒEMGU KUV FCU DGMCPPVGUVG -WPUVYGTM FGU /[TQP XQP 'NGWVJGTCK GKPGU 'T\IKG­GTU FGU    ,CJTJWPFGTVU X %JT FCTIGUVGNNV FKG ,WPIMWJ &KGUG JCV YKG YKT FWTEJ 2TQRGTVKWU YKUUGP #WIWUVWU PCEJ 4QO   IGDTCEJV 8GURCUKCPWU NKG­ UKG KO 6GORGN FGT 2CZ CWHUVGNNGP 5EJNKG­NKEJ IGNCPIVG FCU -WPUVYGTM PCEJ %QPUVCPVK   PQRQNKUYQUKEJUGKPG5RWTXGTNKGTV8GTINGKEJGFKG2CTCNNGNGOKUUKQPFGU6KVWU0T



“#U4QOI-QRHTOKV.QTDGGTMTCP\8KEVQTKCUVGJVTCWH2TQTCOKV-TCP\WPF2CNO \YGKI$/%5#POGTMWPI%QJ4+% $TCWPITÒPG2CVKPCXQT\ÒINKEJ





“#U  4QO  I -QRH T OKV .QTDGGTMTCP\5RGU IGJV N OKV $NWOG $/%  %QJ    4+%C )TÒPDTCWPG2CVKPCGVYCU)TÒPURCPUGJTUEJÌP



1307 Æ

1306



Õ&GPCT4QOI-QRHNOKV.QTDGGTMTCP\/CTUUVGJVNOKV5RGGTWPF6TQRJ·G-QTP ·JTGT$/%XCT%QJ4+% 8QT\ÒINKEJ5VGORGNINCP\





“3WCFTCPU  4QO  I 4WFGT CWH )NQDWU)GHNÒIGNVGT %CFWEGWU $/%  #POGTMWPI   %QJ4+%XGTINFQTVCNU#UDGUEJTKGDGP 5GJTUEJÌP



1,5:1



1308 Å

1,5:1

Ô#WTGWU4QOI-QRHNOKV.QTDGGTMTCP\#PPQPCUKV\VNOKVJTGP$/%%CNKEQ %QJ4+% (CUVUGJTUEJÌP

 155


1309

1310

1311 Å

1,5:1

1,5:1



Õ*GOKFTCEJOG %CGUCTGC %CRRCFQEKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\0KMG IGJV   TOKV-TCP\WPF2CNO\YGKI42%5[FGPJCO )WVGUUGJTUEJÌP





 WPF 6KVWU Õ&KFTCEJOG  %CGUCTGC %CRRCFQEKC   I $GKFGTUGKVU -QRH T OKV .QTDGGT   MTCP\42%5[FGPJCO 5EJÌPUGJTUEJÌP





HÒT6KVWUÔ#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\8KEVQTKCUVGJVTCWH)NQDWUOKV -TCP\WPF2CNO\YGKI$/%%CNKEQ%QJ4+% 5GJTUEJÌP



1312

1313 Æ

1314 Å

1,5:1

1,5:1



Õ&GPCTMNGKPCUKCVKUEJG/ÒP\UV·VVGI-QRHTOKV.QTDGGTMTCP\%10%14+# UKE #8) %QPEQTFKCUKV\VNOKVJTGP/QJPUVGPIGNWPF(ÒNNJQTPKO#DUEJPKVV5VGTP$/%%QJ4+%  445GJTUEJÌPpXQT\ÒINKEJ





“U,CJT  )CFCTC &GMCRQNKU I-QRHTOKV.QTDGGTMTCP\<YGKIGMTGW\VG(ÒNN JÌTPGT5RKLMGTOCP )TÒPG2CVKPCUGJTUEJÌP





Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\(QTVWPCUVGJVNCWH%KRRWUOKV4WFGTWPF(ÒNN JQTP$/%XCT%CNKEQ%QJGP4+%C 4'VYCU(WPFDGNCIUGJTUEJÌPGU'ZGORNCT



1,5:1



1,5:1

Ô#WTGWU  4QO  I -QRH T OKV .QTDGGTMTCP\%CRTKEQTP T OKV )NQDWU 5VGWGTTWFGT WPF   (ÒNNJQTP$/%5%CNKEQ%QJ4+% 4#VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT 

1,5:1



1315 Å

1316 Å 1,5:1

Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\,WPIMWJFGU/[TQPUVGJVN$/%%CNKEQ %QJ4+% #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT 'ZGORNCTFGT#WMVKQP0WOKUOCVKEC#TU%NCUUKEC0<ÒTKEJ0T  #WH FGT 4ÒEMUGKVG FGU 5VÒEMGU KUV FCU DGMCPPVGUVG -WPUVYGTM FGU /[TQP XQP 'NGWVJGTCK GKPGU 'T\IKG­GTU FGU    ,CJTJWPFGTVUX%JTFCTIGUVGNNVFKG,WPIMWJ&KGUGJCVYKGYKTFWTEJ2TQRGTVKWUYKUUGP#WIWUVWUPCEJ4QOIG DTCEJV 8GURCUKCPWU NKG­ UKG KO 6GORGN FGT 2CZ CWHUVGNNGP 5EJNKG­NKEJ IGNCPIVG FCU -WPUVYGTM PCEJ %QPUVCPVK   PQRQNKUYQUKEJUGKPG5RWTXGTNKGTV

156




1317

1318

1,5:1

1,5:1



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\3WCFTKICNFCTKPFTGKJTGP$/%%QJ 4+% 45GJTUEJÌP





HÒT&QOKVKCPWUÕ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\2GICUWUUVGJVT$/% %QJ4+% 5GJTUEJÌP



1319 Å

1,5:1



1320 Æ

1321

1,5:1

Ô#WTGWU  4QO  I -QRH T OKV .QTDGGTMTCP\2CTVJGT MPKGV T OKV TÌOKUEJGT 5VCPFCTVG   $/%%QJ4+% #VVTCMVKXGU'ZGORNCTIWVGUUGJTUEJÌP  &KG 4ÒEMUGKVGPFCTUVGNNWPI  GKP XQP #WIWUVWU ÒDGTPQOOGPGT 6[R  DG\KGJV UKEJ CWH GKP JÌEJUV DGOGTMGPUYGTVGU   'TGKIPKU GKPG )GUCPFVUEJCHV FGU 2CTVJGTMÌPKIU 8QNQICUGU DCV 8GURCUKCPWU CNUQ CWUIGTGEJPGV FGP TÌOKUEJGP   'TDHGKPFWOOKNKV·TKUEJG*KNHGIGIGPFKG#NCPGP&QOKVKCPWUDGOÒJVGUKEJWOFKGUGU-QOOCPFQ



“U ,CJT     )CDC ,WFCGC   I -QRH T OKV .QTDGGTMTCP\/GP UVGJV N OKV <GRVGT   42% 44)TÒPG2CVKPCUGJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\<YGK *·PFG JCNVGP .GIKQPUCFNGT CWH 2TQTC   $/%%QJ4+% 5GJTUEJÌPpXQT\ÒINKEJ



1322

1323

1324

1325 Æ

1325 Æ



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\<YGK *·PFG JCNVGP .GIKQPUCFNGT CWH 2TQTC   $/%%QJ4+% (CUVXQT\ÒINKEJXQT\ÒINKEJ





6KVWU  Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\8GPWU UVGJV T OKV *GNO WPF   <GRVGTCP5·WNGIGNGJPV$/%%QJ4+%  $TGKVGT5EJTÌVNKPICVVTCMVKXGUXQNN\GPVTKGTVGU'ZGORNCTIWVGUUGJTUEJÌP



'ZGORNCTFGT#WMVKQP)KGUUGPGT/ÒP\JCPFNWPI/ÒPEJGP0T



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\'NGHCPVN$/%%QJ4+%C  (CUVXQT\ÒINKEJ





“5GUVGT\  4QO  I -QRH N OKV .QTDGGTMTCP\(GNKEKVCU UVGJV N OKV (ÒNNJQTP WPF <GRVGT   $/%%QJ4+% &WPMGNITÒPG2CVKPCUGJTUEJÌP

 157


1328

1327

1326 Æ





1326 Æ

“5GUVGT\VJTCMKUEJG/ÒP\UV·VVGI-QRHTOKV.QTDGGTMTCP\2CZUVGJVNOKV<YGKIWPF (ÒNNJQTP$/%%QJXGTIN4+%42%  )TÒPG2CVKPCCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



 HÒT &KXWU 8GURCUKCPWU Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\<YGK %CRTK   EQTPGFCTÒDGT5EJKNFOKVFGT#WHUEJTKHV5%FCTWPVGT)NQDWU$/%%QJ4+%  $TGKVGT5EJTÌVNKPIXQT\ÒINKEJGU2TCEJVGZGORNCT



&KG4GXGTUFCTUVGNNWPIKUVXQPGKPGO\W'JTGPFGU&KXWU#WIWUVWUWPVGT6KDGTKWUIGRT·IVGP5GUVGT\GPÒDGTPQOOGP /ÌINKEJGTYGKUGYCTFGT%CRTKEQTPCWEJFCU5VGTPDKNFFGU8GURCUKCPWU  &KG 8QTUVGNNWPI UGKPGT -QPUGMTCVKQP FÒTHVG 8GURCUKCP COÒUCPV IGHWPFGP JCDGP 5Q UCIVG FGT -CKUGT FGT QJPGJKP   IGTPG 9KV\G TK­ NCWV 5WGVQP DGKO GTUVGP #PHCNN GKPGT -TCPMJGKV 8CG RWVQ FGWU HKQ 1 YGJ KEJ INCWDG KEJ   YGTFGGKP)QVV 



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\<YGK %CRTKEQTPG FCTÒDGT 5EJKNF OKV FGT   #WHUEJTKHV5%FCTWPVGT)NQDWU$/%%QJ4+%  8QT\ÒINKEJGU2TCEJVGZGORNCTOKVHGKPGT2CVKPC

1330 Æ

1329



1331



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\<YGK %CRTKEQTPG FCTÒDGT 5EJKNF OKV FGT   #WHUEJTKHV5%FCTWPVGT)NQDWU$/%%QJ4+%8QT\ÒINKEJGU'ZGORNCTOKVHGKPGT2CVKPC





WPF&QOKVKCPWU“U)GTOG .[FKC I-QRHFGU6KVWUTOKV.QTDGGTMTCP\FCXQT\YGKJTGP -QRHFGU&QOKVKCPWUTOKV.QTDGGTMTCP\42% &WPMGNITÒPG2CVKPCUGJTUEJÌP





HÒT,WNKC6KVKÕ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV&KCFGO8GPWUUVGJVTOKV*GNO WPF<GRVGTCP5·WNGIGNGJPV$/%%QJ4+%  (GKNURWTGPCO4CPFUGJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC



'ZGORNCTFGT5COONWPI$GP\#WMVKQP.CP\/ÒPEJGP0T

1,5:1



1332

1,5:1

Õ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV&KCFGO8GPWUUVGJVTOKV*GNOWPF<GRVGTCP 5·WNGIGNGJPV$/%%QJ4+% 8QT\ÒINKEJ

1333 Æ

1334



1333 Æ



“&WRQPFKWU4QOI&TCRKGTVG$ÒUVGT%GTGUUVGJVNOKVJTGPWPF(CEMGN$/%%QJ 4+% 4$TCWPG2CVKPCHCUVUGJTUEJÌP





&QOKVKCPWUÕ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\/KPGTXCUVGJVNOKV8KEVQTKC 5RGGTWPF5EJKNF$/%XGTIN%QJ4+%XGTIN )WVGUUGJTUEJÌP



158


1335 Å

1,5:1



1,5:1

Ô#WTGWU4QOI+/2%#'5&1/+6+#0#8))'4/#0+%85-QRHTOKV.QTDGGTMTCP\ /KPGTXCIGJVTOKV5RGGTWPF5EJKNF$/%%CNKEQ%QJ4+%  9QJN7PKMWO5GJTUEJÌPXQT\ÒINKEJ  &QOKVKCPWU HÒJTVG FGP 6KVGN )GTOCPKEWU UGKV UGKPGO 5KGI ÒDGT FKG %JCVVGP KO ,CJT  7PVGT &QOKVKCPWU YWTFGP   FKG NKPMUJGKPKUEJGP /KNKV·TDG\KTMG FKG DKU FCJKP FGP ICNNKUEJGP 2TQXKP\GP CFOKPKUVTCVKX \WIGQTFPGV YCTGP KP FKG   DGKFGPIGTOCPKUEJGP2TQXKP\GP)GTOCPKCUWRGTKQTWPF)GTOCPKCKPHGTKQTÒDGTHÒJTV

1337 Æ

1336 Æ

1338 Æ



“#U4QOI-QRHTOKV.QTDGGTMTCP\#NVCT$/%XCT%QJ4+%  )TÒPG2CVKPCUGJTUEJÌP





“U5GDCUVG 5COCTKC I-QRHTOKV.QTDGGTMTCP\*GNON$/%50)#05  &WPMNG2CVKPC5EJTÌVNKPIUHGJNGTUGJTUEJÌP





“5GUVGT\4QOI-QRHTOKV.QTDGGTMTCP\#GIKUN)'4/#0+#=%#26#?)GHCPIGPG )GTOCPKP UKV\V N IGHCPIGPGT )GTOCPG UVGJV T FC\YKUEJGP 6TQRJ·G $/%  %QJ  4+%  D     44$TCWPG2CVKPCUGJTUEJÌP



1339 Æ 1,5:1



“&WRQPFKWU4QOI-QRHTOKV5VTCJNGPDKPFG)GMTGW\VG5EJKNFG5RGGTGWPF6TQORGVGPXQT 8GZKNNWO$/%%QJ4+% $TCWPG2CVKPC2T·IGUEJY·EJGCO4CPFIWVGUUGJTUEJÌP

1340 Æ



1,5:1



1341 Æ

“#U4QOI-QRHTOKV.QTDGGTMTCP\-CKUGTQRHGTVNFCXQT*CTHGPWPF.[TCURKGNGT KO*KPVGTITWPFUGEJUU·WNKIGT6GORGN$/%%QJ4+%C 44)TÒPG2CVKPCUGJTUEJÌP



&CTIGUVGNNVKUVFKG$KVVGCP,WPQHÒTFKG/CVTQPGPFKGCO\YGKVGP6CIFGT5CGEWNCTHGKGTPUVCVVHCPFGP



“U ,CJT     (NCXKQRQNKU %KNKEKC   I -QRH T OKV .QTDGGTMTCP\6[EJG UKV\V T OKV   \YGK-QTP·JTGPFCXQT\WKJTGP(Ò­GP(NW­IQVV42% )TÒPG2CVKPCUGJTUEJÌP

 159


1343 Å



1344

1342 Æ

“U,CJT  (NCXKQRQNKU %KNKEKC I-QRHTOKV.QTDGGTMTCP\KO(GNFTTGEJVGEMKIGT )GIGPUVGORGN $GJGNOVGT -QRH FGT #VJGPG T6[EJG UKV\V T OKV \YGK -QTP·JTGP \W KJTGP (Ò­GP   (NWUUIQVV42%)GIGPUVGORGN*QYIGIQ )TÒPG2CVKPCUGJTUEJÌP





Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\)'4/#0+%85%15:8/KPGTXCUVGJVN OKV5RGGT$/%%CNKEQ%QJ4+% 8QT\ÒINKEJ 



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\/KPGTXC UVGJV N OKV $NKV\DÒPFGN WPF   5RGGTFCJKPVGT5EJKNF$/%%QJ4+% (CUVXQT\ÒINKEJ

1345 Æ

1347 Æ

1346 Æ



1348 Æ



“&WRQPFKWU  4QO  I -QRH T OKV .QTDGGTMTCP\8KTVWU UVGJV T OKV 5RGGT WPF 2CTC   \QPKWO$/%%QJ4+% $TCWPG2CVKPCUGJTUEJÌP





“#U4QOI-QRHTOKV.QTDGGTMTCP\(QTVWPCUVGJVNOKV5VGWGTTWFGTWPF(ÒNNJQTP $/%%QJ4+% )TÒPG2CVKPCUGJTUEJÌP





“#U  4QO  I -QRH T OKV .QTDGGTMTCP\8KTVWU UVGJV T OKV 5RGGT WPF 2CTC\QPKWO   $/%%QJ4+% $TCWPG2CVKPCUGJTUEJÌP





“#UUCTKC,CJT  'KTGPQRQNKU %KNKEKC I-QRHTOKV.QTDGGTMTCP\6[EJGUKV\V TFCXQT5VGTPWPVGPUEJYKOOGPFGT(NW­IQVV2[TCOQU-CTDCEJKP,D0WO5 42% 4$TCWPG2CVKPCIWVGUUGJTUEJÌP



'KTGPQRQNKU NCI KP 1UVMKNKMKGP ÌUVNKEJ XQP *KGTCRQNKU-CUVCDCNC <WT .QMCNKUKGTWPI FGT 5VCFV UKGJG -CTDCEJ KP   ,D0WO5HH

1350

1349 Æ

1350



“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\,WRKVGT UKV\V N OKV 8KEVQTKC WPF <GRVGT   $/%%QJ4+% 5GJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\/KPGTXC UVGJV N OKV 5RGGT $/%    %QJ4+% *QJGU4GNKGHUGJTUEJÌP



160


1351

1351

1352 Æ



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\/KPGTXC UVGJV T CWH 2TQTC OKV 5RGGT WPF   5EJKNF$/%%QJ4+% (CUVXQT\ÒINKEJ





“5GUVGT\4QOI-QRHTOKV.QTDGGTMTCP\&QOKVKCPUVGJVNOKV$NKV\WPF5RGGTXQP 8KEVQTKCDGMT·P\V$/%%QJ4+% $TCWPG2CVKPCCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



1353 Æ

1354 Æ

1355 Æ

1357 Æ

1356 Æ



“5GOKU4QOI-QRHTOKV.QTDGGTMTCP\(ÒNNJQTP$/%%QJ4+%  &WPMGNITÒPG2CVKPCIWVGUUGJTUEJÌP





“3WCFTCPU4QOI4JKPQ\GTQUIGJVN1NKXGP\YGKI%QJ4+%$TCWPG2CVKPCUGJTUEJÌP





“3WCFTCPU4QOI&TCRKGTVG$ÒUVGFGT/KPGTXCTOKV*GNO'WNGUVGJVT%QJ4+%  *GNNITÒPG2CVKPCUGJTUEJÌP





“3WCFTCPU4QOI&TCRKGTVG$ÒUVGFGT/KPGTXCTOKV*GNO'WNGUVGJVN%QJ4+%  41NKXITÒPG2CVKPCUGJTUEJÌP





“3WCFTCPU4QOI)GHNÒIGNVGT2GVCUQU)GHNÒIGNVGT%CFWEGWU%QJ4+%  )TÒPG2CVKPCUGJTUEJÌP



1359 Æ

1358 Æ



“U-QKPQPXQP-TGVCI-QRHTOKV.QTDGGTMTCP\<GWUUVGJVNOKV2CVGTCWPF<GRVGTFCXQT #NVCT42% (CUVUGJTUEJÌP





“U -QTKPVJ %QTKPVJKC   I -QRH T OKV .QTDGGTMTCP\2QUGKFQP UVGJV N OKV &GNRJKP WPF &TGK   \CEM(W­CWH(GNUGP42% FKGU'ZGORNCTGTY·JPV  )TÒPG2CVKPCUGJTUEJÌP



'ZGORNCTFGT5COONWPI$%&#WMVKQP.CP\/ÒPEJGP0T

1,5:1

1360 Å

1,5:1

1361



0GTXC  Ô#WTGWU  4QO  I -QRH T OKV .QTDGGTMTCP\.KDGTVCU UVGJV N OKV 2KNGWU   WPF<GRVGT$/%#PO%QJ4+% #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT 



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\(QTVWPC UKV\V N OKV -QTP·JTGP WPF <GRVGT   $/%%QJ4+% (GKPIGVÌPVXQT\ÒINKEJ

 161


1362

1363 Æ



1364 Æ

Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\<YGK *·PFG JCNVGP .GIKQPUCFNGT CWH 2TQTC   $/%%QJ4+% 8QT\ÒINKEJ



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



“#U  4QO  I -QRH T OKV .QTDGGTMTCP\#GSWKVCU UVGJV N OKV 9CCIG WPF (ÒNNJQTP   $/%%QJ4+% )TÒPG2CVKPCXQT\ÒINKEJGU'ZGORNCT





“#U4QOI-QRHTOKV.QTDGGTMTCP\(QTVWPCUVGJVNOKV4WFGTWPF(ÒNNJQTP$/% %QJ4+% &WPMGNDTCWPG2CVKPCUGJTUEJÌP



1365

1366

1367 Æ



6TCKCPWUÕ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\8KEVQTKCUKV\VNOKV2CVGTC WPF2CNO\YGKI$/%%QJ4+% 5VGORGNHTKUEJGU2TCEJVGZGORNCTOKVHGKPGT6ÌPWPI



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\2CZ UVGJV N OKV <YGKI WPF (ÒNNJQTP   $/%%QJ4+% 5GJTUEJÌPpXQT\ÒINKEJ





“#U4QOI-QRHTOKV.QTDGGTMTCP\8KEVQTKCIGJVNOKV5EJKNF$/%%QJ 4+% &WPMGNITÒPG2CVKPCUGJTUEJÌP



1368



1370

1369 Æ

1369 Æ



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV*GTEWNGU UVGJV X X OKV   -GWNGWPF.ÌYGPHGNN$/%XCT%QJXCT4+%XCT )WVGUUGJTUEJÌP





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV2CZ UKV\V N OKV <YGKI   WPF<GRVGT$/%#PO%QJ4+%XCT )TÒPG2CVKPCUGJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV#TCDKC UVGJV N OKV <YGKI   WPF<KOVUVCPIGPFCXQT-COGNN$/%%QJ4+% (CUVXQT\ÒINKEJ



1371 Æ



 162

1372 Æ

“5GUVGT\4QOI-QRHTOKV.QTDGGTMTCP\NFTCRKGTV6TCKCPTGKVGVTWPFUEJNGW FGTV5RGGTCWHIGUVÒT\VGP&CMGT$/%%QJ4+%  $TCWPG2CVKPCNGKEJVMQTTQFKGTVUGJTUEJÌP



“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV&CEKC UKV\V VTCWGTPF N CWH   5EJKNFFCXQT6TQRJ·G$/%XCT%QJ4+% )TÒPG2CVKPCUGJTUEJÌP




1374

1373 Æ



1375 Æ

“#U4QOI-QRHTOKV.QTDGGTMTCP\NFTCRKGTV8KEVQTKCIGJVNOKV-TCP\WPF 2CNO\YGKI$/%XCT%QJXCT4+%XCT  $TCWPG2CVKPCCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV#GSWKVCU UVGJVNOKV9CCIG WPF(ÒNNJQTP$/%%QJ4+% 5GJTUEJÌPXQT\ÒINKEJ





“&WRQPFKWU4QOI-QRHTOKV5VTCJNGPDKPFG6TQRJ·G$/%%QJ4+% )TÒPG2CVKPC·W­GTUVCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



1376 Æ

1377 Æ

1378



“U,CJT  .GWMCU 5[TKC I-QRHTOKV.QTDGGTMTCP\-CKUGTKP3WCFTKICT$/% 50)%QR 4&WPMGNITÒPG2CVKPCUGJTUEJÌP





“U,CJT  %CGUCTGC %CRRCFQEKC I6[EJGMQRHTOKV/CWGTMTQPG2[TCOKFGP HÌTOKIGT5VGKP5[FGPJCO 8QT\ÒINKEJ





Õ6GVTCFTCEJOG,CJT  6[TQUI-QRHTOKV.QTDGGTMTCP\FCTWPVGT-GWNGWPF#FNGT &TCRKGTVG$ÒUVGFGU/GNSCTVTOKV.QTDGGTMTCP\2TKGWT 5GJTUEJÌP



1379 Å

1,5:1

1,5:1



Ô#WTGWU4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\(TQPVCNCPUKEJVFGU(QTWO6TCK CPKOKVUGEJU5·WNGPFCTCWHUGEJUUR·PPKIGT9CIGP\YKUEJGP\YGK)TWRRGPOKVLGYGKNUFTGK2GTUQPGP $/%%CNKEQ%QJ4+% #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT  &CU(QTWO6TCKCPKYWTFGXQO#TEJKVGMVGP#RQNNQFQTQUXQP&COCUMQUIGRNCPVWPFCO,CPWCTGKPIGYGKJV

1380 Å

1,5:1



1,5:1

Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\8KC 6TCKCPC NCIGTV N OKV   4CFWPF<YGKI$/%%CNKEQ%QJ4+% 5GJTUEJÌP  &KG8KC6TCKCPCYCTGKPGXQP6TCKCPGTDCWVG5VTC­GXQP$GPGXGPVPCEJ$TWPFKUKWO

163


1381

1381

1382 Æ



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\NFTCRKGTV(GNKEKVCUUVGJVNOKV%CFWEGWU WPF(ÒNNJQTP$/%%QJXGTIN4+% 5GJTUEJÌP





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV(GNKEKVCU UVGJV N OKV   %CFWEGWUWPF(ÒNNJQTP$/%XGTIN%QJXGTIN4+% $TCWPG2CVKPCUGJTUEJÌP



1383 Å

1,5:1



1,5:1

Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\#GIKUN&TCRKGTVG$ÒUVGFGU5QNTOKV 5VTCJNGPDKPFG$/%%CNKEQF%QJ4+% 445GJTUEJÌP

1384 Å



1385



Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\&TCRKGTVG $ÒUVG FGU 5QN T   OKV5VTCJNGPDKPFG$/%%CNKEQC%QJ4+% 45GJTUEJÌP 



Õ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\(QTVWPCUKV\VNOKV5VGWGTTWFGT WPF(ÒNNJQTP$/%%QJ4+% )WVGUUGJTUEJÌP

1386 Æ



1387 Æ

1388 Æ



1389 Æ

“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\ #GIKU N&CEKC UKV\V N OKV .GIKQPU   CFNGTFCXQTGKP-KPFOKV9GKPVTCWDGPWPFGKP-KPFOKVJTGP$/%XCT%QJ4+%  )TÒPG2CVKPC4GXGTUMQTTQFKGTVUGJTUEJÌP





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV(QTVWPC UKV\V N OKV   5VGWGTTWFGTWPF(ÒNNJQTP$/%%QJ4+% )TÒPG2CVKPCUGJTUEJÌP





“U,CJT  .CQFKEGKCCFOCTGI-QRHTOKV.QTDGGTMTCP\6[EJGMQRHTOKV /CWGTMTQPG$/%HH50)%QRXGTIN &WPMGNITÒPG2CVKPCUGJTUEJÌP





“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\(GNKEKVCU UVGJV N OKV %C   FWEGWUWPF(ÒNNJQTP$/%%QJ4+% )TÒPG2CVKPCXQT\ÒINKEJGU'ZGORNCT 

164


1391

1390 Æ



“&WRQPFKWU  4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG-CKUGT UVGJV T \YK   UEJGP\YGK6TQRJ·GP$/%%QJ4+% 5GJTUEJÌPpXQT\ÒINKEJ



&KG 4GXGTUFCTUVGNNWPI XGTYGKUV CWH FGP UKGITGKEJGP (GNF\WI FGU 6TCKCPWU IGIGP FKG 2CTVJGT FGP FGT -CKUGT CD   FGO ,CJTG  P %JT HÒJTVG WPF HÒT FGP KJO FGT $GKPCOG 2CTVJKEWU XGTNKGJGP YWTFG &KG DGKFGP 6TQRCGC GKP   FCMKUEJGU WPF GKP RCTVKUEJGU  XGTYGKUGP CWH FKG OKNKV·TKUEJGP 'THQNIG FGU -CKUGTU FGT KP 7PKHQTO CNU UKGITGKEJGT   (GNFJGTT CDIGDKNFGV YKTF #NNGTFKPIU MQPPVGP FKG GTQDGTVGP )GDKGVG KO 1UVGP KO )GIGPUCV\ \W &CMKGP PKEJV NCPIG   IGJCNVGPYGTFGP



Õ6GVTCFTCEJOG ,CJT     6[TQU 2JQGPKEKC   I -QRH T OKV .QTDGGTMTCP\#FNGT   UVGJVNCWH-GWNG2TKGWT -N-TCV\GTUGJTUEJÌP

1392 Æ



1393 Æ

1394 Æ



“3WCFTCPU4QOI&TCRKGTVG$ÒUVGFGT8GPWUTOKV&KCFGO6CWDGT%QJ4+%  &WPMGNITÒPG2CVKPCUGJTUEJÌPpXQT\ÒINKEJ





“3WCFTCPU 4QO  I *GTEWNGUDÒUVG KO .ÌYGPHGNN T-GWNG $/%  %QJ  4+%    5EJYCT\G2CVKPCUGJTUEJÌP





“U 'RJGUWU +QPKC   I -QRH T OKV .QTDGGTMTCP\5VCVWG FGT #TVGOKU 'RJGUKC T $KGPG 50)   %QR )TÒPG2CVKPCUGJTUEJÌP



1395



 HÒT /CVKFKC Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO2KGVCU UVGJV X X -QRH N   WPFJ·NVFKG*·PFGÒDGT\YGK-KPFGT$/%%QJ4+% (CUVUGJTUEJÌP 

1,5:1



1396 Å

1,5:1

*CFTKCPWUÔ#WTGWU4QOI)GRCP\GTVG$ÒUVGTOKV.QTDGGTMTCP\NFTC RKGTV,WRKVGTUKV\VNOKV$NKV\WPF<GRVGT$/%%CNKEQD%QJ4+% 5GJTUEJÌP

1397

1398



1399



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV(GNKEKVCU UVGJV N OKV %CFW   EGWUWPF(ÒNNJQTP$/%%QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\2CZ UKV\V N OKV 8KEVQTKC CWH   )NQDWUWPF<YGKI$/%%QJ4+% 5GJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV(QTVWPC UVGJV N OKV 5VGWGT   TWFGTWPF(ÒNNJQTP$/%#PO%QJ4+% )WVGUUGJTUEJÌP

 165


1400 Æ



1402 Æ

1401 Æ

1403 Æ

“5GUVGT\4QOI-QRHTOKV.QTDGGTMTCP\*CFTKCPWUUKV\VNCWH2NCVVHQTOFCXQT UVGJVGKPG(TCWOKV\YGK-KPFGTP$/%%QJ4+%  )TÒPG2CVKPCCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV-CKUGT UKV\V N CWH 2NCVV   HQTO FCXQT UVGJV .KDGTCNKVCU OKV (ÒNNJQTP N XQT FGT 2NCVVHQTO UVGJGP \YGK 6QICVK T $/%    %QJXCT4+%D 45GJTUEJÌP 



“5GUVGT\4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\%GTGUUVGJVNOKV-QTP·JTGP WPFNCPIGT(CEMGN$/%%QJ4+% &WPMGNITÒPG2CVKPCMN-TCV\GTUGJTUEJÌP





“&WRQPFKWU  4QO  I $ÒUVG T OKV 5VTCJNGPDKPFG N 5EJWNVGT FTCRKGTV5CNWU UVGJV N   OKV2CVGTCWPF4WFGT(W­CWH)NQDWU$/%%QJ4+%C  *GNNITÒPG2CVKPCCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT



&KGCDIGDKNFGVG5\GPGUVGNNVGKPGMCKUGTNKEJG.KDGTCNKVCUFCT

1JPGFKG7OUEJTKHV5#.8528$.+%#CWHFGT4ÒEMUGKVGYÒTFGOCPFKG2GTUQPKHKMCVKQPGJGTHÒTGKPG(QTVWPCJCNVGP

1405 Æ

1404 Æ

1406 Æ



“&WRQPFKWU  4QO  I $ÒUVG T OKV 5VTCJNGPDKPFG N 5EJWNVGT FTCRKGTV5CNWU UVGJV N   OKV2CVGTCWPF4WFGT(W­CWH)NQDWU$/%%QJ4+%C (CUVXQT\ÒINKEJ





“U6KDGTKCU )CNKNCGC I-QRHTOKV.QTDGGTMTCP\NFTCRKGTV6[EJGUVGJVNOKV$ÒUVG WPF<GRVGT(W­CWH2TQTC$/%50)#05 )TÒPG2CVKPCUGJTUEJÌP





“U6KDGTKCU )CNKNCGC I-QRHTOKV.QTDGGTMTCP\NFTCRKGTV6[EJGUVGJVNOKV$ÒUVG WPF<GRVGT(W­CWH2TQTC$/%50)#05 )TÒPG2CVKPCUGJTUEJÌP



1408

1407

1409



Õ*GOKFTCEJOG%CGUCTGC %CRRCFQEKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\0KMG IGJVTOKV-TCP\WPF2CNO\YGKI5[FGPJCO .GKEJVMQTTQFKGTVXQT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV0GRVWP UVGJV N OKV &GNRJKP   WPF<GRVGT(W­CWH2TQTC$/%%QJ4+% 5GJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\4QOC UVGJV N OKV 8KEVQTKC WPF 5RGGT   $/%%QJ4+% 5GJTUEJÌP



166


1410 Æ

1411

1412 Å

1,5:1

1,5:1



“5GOKU  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\4QOC UKV\V N OKV 8KEVQTKC   WPF.CP\G$/%%QJ4+% 45EJYCT\G2CVKPCUGJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV.KDGTVCU UVGJV N OKV 2KNGWU   WPF<GRVGT$/%%QJ4+% 4CPFHGJNGTXQT\ÒINKEJ





Ô#WTGWU  4QO  I -QRH T #GIKU N-CKUGT UVGJV N OKV 5RGGT WPF GTJQDGPGT 4GEJ   VGPFCXQT\YGK5VCPFCTVGPFCJKPVGTGKPG5VCPFCTVG$/%%CNKEQ%QJ4+%D  5GJTUEJÌP 

1414 Æ

1413 Æ



“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG N,WUVKVKC UKV\V N OKV 2CVGTC WPF <GRVGT $/%   XCT%QJ4+% &WPMNG2CVKPCCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT 



“#U  4QO  I &TCRKGTVG$ÒUVGN)CNGGTGN$/%#PO%QJ4+%  $TCWPG2CVKPCUGJTUEJÌP

1415 Æ





1416 Æ



1415 Æ

“#U  4QO  I &TCRKGTVG $ÒUVG T(QTVWPC UKV\V N OKV 5VGWGTTWFGT CWH )NQDWU WPF   (ÒNNJQTP$/%XCT%QJ4+%XCT  5GJTUGNVGPG8CTKCPVG)TÒPG2CVKPCXQNN\GPVTKGTVGUXQT\ÒINKEJGU'ZGORNCT



“&TCEJOG ,CJT     #NGZCPFTKC #GI[RVWU   I &TCRKGTVG $ÒUVG T OKV .QTDGGT   MTCP\+UKU 2JCTKC UVGJV T OKV 5KUVTWO WPF IGDCWUEJVGO 5GIGN FCXQT 2JCTQU OKV 6TKVQPGP FKG DWE   EJKPCDNCUGPWPF5VCVWGCWHFGT.CVGTPG$/%XCT TWPFGT2JCTQU &CVVCTK)GKUUGP  5GJTUGNVGPKPFKGUGT'TJCNVWPI)TÒPG2CVKPCUGJTUEJÌPpXQT\ÒINKEJ 

1417

1418

1419



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\(GNKEKVCU UVGJV N OKV %CFWEGWU WPF   (ÒNNJQTP$/%%QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\2KGVCU UVGJV OKV GTJQDGPGP *·PFGP N   XQT#NVCT$/%%QJ4+% 8QT\ÒINKEJ





Õ&GPCT4QOI-QRHT6GNNWUUVGJVNOKV2HNWIWPF4GEJGPFCJKPVGT\YGKJTGP $/%%QJ4+% 45GJTUEJÌPpXQT\ÒINKEJ

 167


1421

1420



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\-CKUGT UVGJV N WPF QRHGTV CWU 2CVGTC   ÒDGT&TGKHW­$/%%QJXCT4+% )WVGUUGJTUEJÌP





Õ&GPCT4QOI-QRHT-CKUGTUVGJVNWPFQRHGTVCWU2CVGTCÒDGT&TGKHW­$/% %QJ4+% 5GJTUEJÌP



1423 Æ

1422 Æ

1424 Æ

1,5:1



“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV&KCPC UVGJV N OKV 2HGKN   WPF$QIGP$/%%QJXCT4+%&WPMNG2CVKPCCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\#GSWKVCU UVGJV N OKV 9CCIG WPF   (ÒNNJQTP$/%%QJ4+% $TCWPG2CVKPCUGJTUEJÌP





“5GUVGT\ ! 4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\#&8'0685#8)4QOCWPFFGT -CKUGTTGKEJGPUKEJFKG*CPF$/%%QJ4+%$TCWPG2CVKPCNGKEJVMQTTQFKGTVUGJTUEJÌP



&CU 5VÒEM HGKGTV FKG #PMWPHV FGU -CKUGTU KPFGT*CWRVUVCFVKO,CJTGYCT*CFTKCP\WUGKPGTNGV\VGP4GKUG CWHIGDTQEJGP FKG KJP PCEJ 5[TKGP ,WFCGC I[RVGP WPF GTPGWV PCEJ 5[TKGP HÒJTVG &KG #PYGUGPJGKV FGU -CKUGTU   KO1UVGPYCTFWTEJFGP$CT-QMJDC#WHUVCPFGTHQTFGTNKEJ

1425 Æ



“&TCEJOG ,CJT     #NGZCPFTKC #GI[RVWU   I &TCRKGTVG $ÒUVG T OKV .QTDGGT   MTCP\6[EJGTWJVOKV4WFGTCWH.GEVKUVGTPKWON&CVVCTKXCT)GKUUGP 5GJTUEJÌP

1426



1427



Õ%KUVQRJQT'RJGUWUI-QRHT-WNVUVCVWGFGT#TVGOKU'RJGUKCKPXKGTU·WNKIGP6GORGN $/%%QJ/GVECNH4+%C 5GJTUEJÌP





Õ6GVTCFTCEJOG /QRUWU %KNKEKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\#FNGT UVGJV X X   -QRHT\YKUEJGPFGP$GKPGPDTGPPGPFGT#NVCT2TKGWT 445GJTUEJÌP



168


1428 Æ

1429 Æ



“#U 4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV)GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\   $/%%QJXGTIN4+% 44&WPMNG2CVKPCIWVGUUGJTUEJÌP 



“U -QTKPVJ %QTKPVJKC   I #RJTQFKVGMQRH T6TKRVQNGOQU OKV JTGP WPF <GRVGT T KP 5EJNCP   IGPDKIC5NI$%& FKGU'ZGORNCT 50)%QR $TCWPG2CVKPCUGJTUEJÌP

1430 Å

1431 Å

1,5:1

1,5:1



1,5:1



 HÒT 5CDKPC Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO%QPEQTFKC UKV\V N   'NNDQIGPCWH5VCVWGFGT5RGUIGUVÒV\V$/%%CNKEQ%QJ4+% 45GJTUEJÌP 



Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG N OKV &KCFGO%QPEQTFKC UKV\V N OKV 2CVGTC FGP   N'NNDQIGPCWH5VCVWGFGT5RGUIGUVÒV\VWPVGTFGO6JTQP(ÒNNJQTP$/%%CNKEQ%QJ 4+% 5GJTUEJÌP 

1432

1434

1433



Õ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV&KCFGO+WPQUVGJVNOKV2CVGTCWPF<GRVGT$/% %QJ4+%C 8QT\ÒINKEJGU'ZGORNCTOKVHGKPGT2CVKPC





Õ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV&KCFGO8GPWUUVGJVTOKV#RHGN$/%%QJ 4+% 5VGORGNIN·P\GPFGU2TCEJVGZGORNCT



'ZGORNCTFGT#WMVKQP.CP\/ÒPEJGP0T



Õ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV&KCFGO8GPWUUVGJVTOKV#RHGN$/%%QJ 4+% 5GJTUEJÌP



1436

1435 Æ

1437 Æ



“5GUVGT\ 4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO8GPWU UVGJV T OKV #RHGN $/%    %QJ4+% $TCWPG2CVKPCIWVGUUGJTUEJÌP





 HÒT #GNKWU Õ&GPCT  4QO  I -QRH T%QPEQTFKC UVGJV N OKV 2CVGTC WPF (ÒNNJQTP   $/%%QJ4+% )WVGUUGJTUEJÌP





“#U  4QO  I -QRH T2CPPQPKC UVGJV X X -QRH T KP FGT 4GEJVGP 8GZKNNWO $/%   XCT%QJXGTIN4+%XGTIN &WPMNG2CVKPCNGKEJVIGIN·VVGVUGJTUEJÌP



'ZGORNCT FGT 5COONWPI $GP\ #WMVKQP .CP\  /ÒPEJGP  0T  WPF FGT 5COONWPI /C\\KPK 6CX   .8+++ 

169


1438

1439 Å

1440

1,5:1

1,5:1



Õ&TCEJOG#OKUWU 2QPVWU I-QRHT&KMCKQU[PGUVGJVNOKV9CCIGWPF(ÒNNJQTP$/%  445GJTUEJÌP





#PVQPKPWU+2KWUÔ#WTGWU4QOI-QRHT2KGVCUUVGJVNOKV9GKJTCWEJIGH·­ FCXQT#NVCT$/%%CNKEQ%QJ4+%C #VVTCMVKXGU'ZGORNCTUGJTUEJÌPpXQT\ÒINKEJ





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\2CZUVGJVNOKV<YGKIWPF(ÒNNJQTP$/% %QJ4+% 4CPFTK­4GXGTUFG\GPVTKGTVXQT\ÒINKEJGU'ZGORNCTOKVHGKPGT2CVKPC



1441 Å 1442 1,5:1

1,5:1



Ô#WTGWU  4QO  I -QRH N OKV .QTDGGTMTCP\-CKUGT UVGJV T OKV 5RGGT WPF 2CTC\Q   PKWO(W­CWH)NQDWU$/%#PO%CNKEQ%QJ4+%C  /KP(CUUWPIUURWTGPMN-TCV\GTCWHFGO4GXGTUUGJTUEJÌP 



Õ6GVTCFTCEJOG ,CJT     #NGZCPFTKC #GI[RVWU   I -QRH T OKV .QTDGGTMTCP\   &TCRKGTVG$ÒUVGFGU5CTCRKUTOKV-CNCVJQUWPF.QTDGGTMTCP\&CVVCTKXCT)GKUUGP  5GJTUEJÌP

1443 Å



1,5:1



1443 Å

Ô#WTGWU4QOI-QRHT4QOCUKV\VNOKV2CNNCFKWO5RGGTWPF5EJKNF$/% %CNKEQ%QJ4+% *GTXQTTCIGPFGCPVKMG(CUUWPIHCUVXQT\ÒINKEJ



1444

 170

Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\$NKV\ CWH 6JTQP 2WNXKPCT FGU ,WRK   VGT $/%%QJ4+% 5GJTUEJÌP




1445 Æ

1,5:1

1,5:1



“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\-CKUGT KP 3WCFTKIC N OKV #FNGT\GR   VGT$/%%QJ4+%C &WPMNG2CVKPCUGJTUEJÌPpXQT\ÒINKEJ



1446 Å 1,5:1



1,5:1

Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\#GSWKVCU UVGJV N OKV   9CCIGWPF(ÒNNJQTP$/%%CNKEQD%QJ4+% 2TCEJVGZGORNCT5VGORGNINCP\ 

1447

1448 Æ



1449 Æ

Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\#PPQPC UVGJV N OKV JTGP WPF #PMGT   FCXQT/QFKWU$/%%QJ4+% 8QT\ÒINKEJ



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



“#U  4QO  I -QRH T OKV .QTDGGTMTCP\#PPQPC UKV\V N OKV JTGP WPF (ÒNNJQTP   FCXQT/QFKWU$/%%QJ4+% &WPMNG2CVKPCIWVGUUGJTUEJÌP





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\+PFWNIGPVKC UKV\V N OKV CWUIGUVTGEMVGT   4GEJVGPWPF<GRVGT$/%%QJ4+% )TÒPG2CVKPCIWVGUUGJTUEJÌP



1,5:1



1450 Å

1,5:1

Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG T-CKUGT UVGJV N OKV )NQDWU $/%  XCT   %CNKEQ%QJ4+%E 2TCEJVGZGORNCTHCUV5VGORGNINCP\  171


1451 Æ



“&WRQPFKWU  4QO  I -QRH T OKV 5VTCJNGPDKPFG2CZ UVGJV N OKV <YGKI WPF (ÒNN   JQTP$/%5#PO%QJ4+% &WPMGNITÒPG2CVKPCHCUVXQT\ÒINKEJ



1452 Å 1,5:1



1,5:1

Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\8KEVQTKCIGJVNOKV-TCP\WPF2CNO\YGKI $/%%CNKEQ%QJ4+%C  /KPKOCNG(CUUWPIUURWTGPFGPPQEJUGJTCVVTCMVKXGUXQT\ÒINKEJGU'ZGORNCT

1453 Æ







1454 Æ

“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\6QICVWU UVGJV KP \YGKU·WNKIGO 6GO   RGNTCWH%KRRWUOKV<GRVGTWPF<YGKI$/%XGTINHH%QJ4+%  &WPMGNITÒPG2CVKPCUGJTUEJÌP



“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\#EJVU·WNKIGT 6GORGN FGU &KXWU   #WIWUVWU$/%#PO%QJXCT4+%# &WPMGNITÒPG2CVKPCUGJTUEJÌP



1455 Å 1,5:1



1,5:1

Ô#WTGWU  4QO  I -QRH T OKV .QTDGGTMTCP\2KGVCU UVGJV N OKV )NQDWU WPF -KPF   \YKUEJGP\YGK-KPFGTP$/%%CNKEQ%QJ4+%  #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT)QNFRCVKPC 

1456 Æ

1458 Æ

1457 Æ



“3WCFTCPU4QOI-QRHFGU/CTUTOKV*GNO2CP\GT%QJ4+%  #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





“3WCFTCPU4QOI)GHNÒIGNVGT2GVCUWU)GHNÒIGNVGT%CFWEGWU%QJ4+%  4/KPMQTTQFKGTVUGJTUEJÌP





“U-QTKPVJ %QTKPVJKC I-QRHTOKV.QTDGGTMTCP\%JKO·TGT5NI$%& FKGU'ZGORNCT   1NKXITÒPG2CVKPCUGJTUEJÌP



172


1459 Æ

1460 Æ

1461



“U #PVKQEJKC 2KUKFKC   I $ÒUVG FGU *GTOGU T*CJP IGJV T -T\[\CPQYUMC XGTIN 5   

FKGUG5VGORGNPKEJVXGT\GKEJPGV  5GJTUEJÌP





“U 'KMQPKQP .[ECQPKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\#VJGPCMQRH T OKV MQTKPVJK   UEJGO*GNOX#WNQEM/ÒP\GPWPF5V·FVG.[MCQPKGPU &WPMNG2CVKPCUGJTUEJÌP





Õ6GVTCFTCEJOG /QRUWU %KNKEKC   I -QRH T OKV .QTDGGTMTCP\&KCPC UVGJV T OKV 2HGKN WPF   $QIGPFCXQT*KTUEJ2TKGWT 4(CUVUGJTUEJÌP



1462 Å

1463 Å

1,5:1

1,5:1

1,5:1



 HÒT (CWUVKPC OCVGT Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG N8GUVC UKV\V N OKV   2CNNCFKWOWPF<GRVGT$/%%CNKEQ%QJ4+% 4-N4CPFGKPJKGDUGJTUEJÌP 



 HÒT &KXC (CWUVKPC OCVGT Ô#WTGWU PCEJ  4QO  I &TCRKGTVG $ÒUVG T%GTGU UVGJV N   OKV\YGK(CEMGNP$/%%CNKEQ%QJ4+%C 8QT\ÒINKEJ 

1465

1464

1466 Æ

1466 Æ



Õ&GPCTPCEJ4QOI&TCRKGTVG$ÒUVGT%GTGUUVGJVNOKVJTGPWPF(CEMGN$/% %QJ4+% 8QTFGTUGKVG-TCV\GTXQT\ÒINKEJ





Õ&GPCTPCEJ4QOI&TCRKGTVG$ÒUVGT(QTVWPCUVGJVNOKV)NQDWUWPF4WFGT$/% %QJ4+% 5GJTUEJÌP





“5GUVGT\ PCEJ  4QO  I &TCRKGTVG $ÒUVG T8GUVC UVGJV N OKV 2CNNCFKWO WPF <GRVGT   $/%%QJ4+% &WPMGNITÒPG2CVKPCXQT\ÒINKEJ



1467 Æ

1,5:1

1468 Å



HÒT(CWUVKPCHKNKC“#U4QOI&TCRKGTVG$ÒUVGT8GPWUUVGJVNOKV#RHGNWPF5VGWGTTWFGT $/%%QJ4+% 5GJTUEJÌP



Ô#WTGWU 4QO  I &TCRKGTVG $ÒUVG T8GPWU UVGJV N OKV #RHGN WPF <GRVGT $/%    %CNKEQ%QJ4+%E #VVTCMVKXGU'ZGORNCTUGJTUEJÌPXQT\ÒINKEJ 



173


1469 Å

1470 Å

1,5:1



Ô#WTGWU 4QO  I &TCRKGTVG $ÒUVG N&KCPC UVGJV N OKV 2HGKN WPF $QIGP $/%  %CNKEQ   %QJGP4+%D 5GJTUEJÌP 



Ô#WTGWU4QOI&TCRKGTVG$ÒUVGN6CWDGUVGJVT$/%%QJ4+%D

1472

5EJÌP



1473

1471 Æ



“#U4QOI&TCRKGTVG$ÒUVGT8GPWUUVGJVNOKV#RHGNWPF<GRVGT$/%%QJ 4+% )TÒPG2CVKPCUGJTUEJÌP





WPF/CTEWU#WTGNKWUÕ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\-QRHT$/% %QJ4+%C 5GJTUEJÌP





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\-QRHT$/%%QJ4+%C  5GJTUEJÌP



1474

1475

1476

1477

1478



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\-QRHT$/%%QJ4+%C  5GJTUEJÌP





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\-QRHT$/%%QJ4+%C  5GJTUEJÌP





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\&TCRKGTVG$ÒUVGT$/%%QJ4+%D  5GJTUEJÌP





Õ&GPCT 4QOI-QRHTOKV.QTDGGTMTCP\&TCRKGTVG$ÒUVGT$/%XCT%QJ 4+%E 5GJTUEJÌP





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\&TCRKGTVG$ÒUVGT$/%XCT%QJ

#WTGWU 4+%F #WTGWU  .GKEJVGT-TCV\GTCWH4ÒEMUGKVGUGJTUEJÌP



1479 Æ

1480 Æ



“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\&TCRKGTVG $ÒUVG T $/%  %QJ    4+% $TCWPG2CVKPCUGJTUEJÌP





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\&TCRKGTVG $ÒUVG T $/%  %QJ    4+% $TCWPG2CVKPCHCUVUGJTUEJÌP



174


1481

1482

1483



 HÒT /CTEWU #WTGNKWU Õ&GPCT  4QO  I -QRH N2TKGUVGTIGT·VG $/%  XCT   %QJ4+%E 45GJTUEJÌP





Õ&GPCT  4QO  I -QRH T*QPQU UVGJV N OKV <YGKI WPF (ÒNNJQTP $/%  %QJ   4+% 8QT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T+WXGPVCU UVGJV N OKV 2CVGTC WPF QRHGTV ÒDGT -CPFGNCDGT   $/%%QJ4+%C (GKPG6ÌPWPIIWVGUUGJTUEJÌP



1485 Æ

1484 Æ



“&WRQPFKWU  4QO  I -QRH T+WXGPVCU UVGJV N OKV 2CVGTC WPF QRHGTV ÒDGT -CPFG   NCDGT$/%%QJ4+% &WPMGNDTCWPG2CVKPCHCUVUGJTUEJÌP





“#U4QOI&TCRKGTVG$ÒUVGT2TKGUVGTIGT·VG$/%%QJ4+%D   &WPMGNITÒPGNGKEJVIGIN·VVGVG2CVKPCHCUVUGJTUEJÌP



1487 Æ

1486 Æ



“5GUVGT\  4QO  I -QRH T*KNCTKVCU UVGJV N OKV 2CNO\YGKI WPF (ÒNNJQTP $/%    %QJ4+%C 8QTFGTUGKVGOKPKOCNGT5EJTÌVNKPIUHGJNGTDTCWPG2CVKPCIWVGUUGJTUEJÌP





“#U  4QO  I -QRH T%QPEQTFKC UVGJV N OKV 2CVGTC WPF (ÒNNJQTP FCJKPVGT #NVCT   $/%%QJ4+% &WPMNG2CVKPCUGJTUEJÌP



1488

1489

1490

1491

1492



Õ&GPCT4QOI-QRHT*QPQUUVGJVNOKV<YGKIWPF(ÒNNJQTP$/%%QJ 4+%C .GKEJVIGVÌPVHCUVXQT\ÒINKEJ





Õ&GPCT4QOI-QRHT*QPQUUVGJVNOKV<YGKIWPF(ÒNNJQTP$/%%QJ 4+%C 8QT\ÒINKEJ





Õ&GPCT4QOI-QRHT/KPGTXCUVGJVTOKV5RGGTWPF5EJKNF$/%%QJ 4+%D 8QT\ÒINKEJ





Õ&GPCT4QOI-QRHT/KPGTXCUVGJVTOKV5RGGTWPF5EJKNF$/%%QJ 4+%D 5GJTUEJÌP





Õ&GPCT4QOI-QRHT/KPGTXCUVGJVTOKV5RGGTWPF5EJKNF$/%%QJ 4+%D 5GJTUEJÌP

 175


1495 1493 Æ

1494 Æ



“#U4QOI-QRHT/KPGTXCUVGJVTOKV5RGGTWPF5EJKNF$/%%QJ 4+% &WPMNG2CVKPCUGJTUEJÌP





“#U  4QO  I -QRH T+P 'KEJGPMTCP\ +88'06855% $/%  %QJ    4+% $TCWPG2CVKPCHCUVUGJTUEJÌP





Õ&GPCT4QOI-QRHT2TQXKFGPVKCUVGJVNCP5·WNGIGNGJPVOKV<GRVGTWPF\GKIVOKV 5VCDCWH)NQDWU\WKJTGP(Ò­GP$/%%QJ4+% )WVGT5VKNHGKPIGVÌPVXQT\ÒINKEJ

1496 Æ

1497 Å

1,5:1



1498 Æ

1,5:1



“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T/KPGTXC UVGJV N OKV 8KEVQTKC 5RGGT WPF   5EJKNF$/%%QJ4+% &WPMNG2CVKPCGVYCUMQTTQFKGTVHCUVUGJTUEJÌP



Ô#WTGWU  4QO  I -QRH T T FTCRKGTV4QOC UVGJV N OKV 8KEVQTKC WPF 2CTC\QPKWO   $/%%CNKEQC%QJ4+% 45GJTUEJÌP 



“5GUVGT\4QOI&TCRKGTVG$ÒUVGT/KPGTXCUKV\VTOKV5RGGTWPF#GIKUFCJKPVGT 5EJKNF$/%%QJ4+%D &WPMGNITÒPG2CVKPCNGKEJVHNGEMKIIWVGUUGJTUEJÌP

1500

1499 Æ

1501





1502

1499 Æ



“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T/KPGTXC UKV\V T OKV 5RGGT WPF 5EJKNF $/%   %QJ4+% $TCWPG2CVKPCUGJTUEJÌP





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T/KPGTXC UVGJV N OKV 'WNG 5RGGT WPF 5EJKNF   $/%%QJ4+%D 8QT\ÒINKEJGU2TCEJVGZGORNCT





Õ&GPCT  4QO  I -QRH T8KTVWU UVGJV N OKV 2CTC\QPKWO WPF 5RGGT $/%    %QJ4+% )WVGUUGJTUEJÌP





Õ&GPCT  4QO  I -QRH T(GNKEKVCU UVGJV N OKV %CFWEGWU WPF <GRVGT $/%    XCT%QJXCT4+%XCT (GKPIGVÌPVMPCRRGT5EJTÌVNKPIXQT\ÒINKEJ



176


1504

1503

1506

1505

1507

1508



Õ&GPCT  4QO  I -QRH T8KTVWU UVGJV N OKV 2CTC\QPKWO WPF 5RGGT $/%    %QJ4+% 5GJTUEJÌP





Õ&GPCT  4QO  I -QRH T(GNKEKVCU UVGJV N OKV %CFWEGWU WPF WPF <GRVGT CP 5·WNG   IGNGJPV$/%%QJ4+%C 8QT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T(GNKEKVCU UVGJV N OKV %CFWEGWU WPF WPF <GRVGT CP 5·WNG   IGNGJPV$/%%QJ4+%C 8QT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T8KTVWU UVGJV T OKV 5RGGT WPF 2CTC\QPKWO (W­ CWH   *GNO$/%%QJ4+%G (CUVXQT\ÒINKEJ





Õ&GPCT4QOI-QRHT/KPGTXCUVGJVTOKV5RGGTWPF5EJKNF$/%%QJ 4+% (CUVXQT\ÒINKEJ





Õ&GPCT4QOI-QRHT/CTUUVGJVNOKV5RGGTWPF5EJKNF$/%%QJ 4+% (CUVXQT\ÒINKEJ



1510 Å

1509 Æ

1,5:1



“#U  4QO  I -QRH T9GKDNKEJG (KIWT !  UVGJV N OKV 5VCD WPF (CUEKU $/%    %QJ4+% 5EJYCT\G2CVKPCUGJTUEJÌP



#PVQPKPWU++/CTEWU#WTGNKWUÔ#WTGWU4QOI&TCRKGTVG$ÒUVGT/CTEWU #WTGNKWU WPF .WEKWU 8GTWU TGKEJGP UKEJ FKG *CPF $/%  #PO %CNKEQ  %QJ  4+%     45GJTUEJÌP 

1511 Æ

1512 Æ

1513



1514



“#U  4QO  I -QRH T OKV .QTDGGTMTCP\/CTEWU #WTGNKWU WPF .WEKWU 8GTWU TGKEJGP   UKEJFKG*CPF$/%%QJ4+% &WPMGNITÒPG2CVKPCUGJTUEJÌP





“U ,CJT     )CFCTC &GMCRQNKU   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\&TCRKGTVG   $ÒUVGFGU*GTCMNGUTOKV.QTDGGTMTCP\5RKLMGTOCP 5EJYCT\G2CVKPCHCUVUGJTUEJÌP





Õ6GVTCFTCEJOG,CJT  #NGZCPFTKCI-QRHNOKV.QTDGGTMTCP\T5EJWNVGTFTC RKGTV5CTCRKU UVGJV N OKV 5KORWNWO N .GDGU CWH $CWOUVWORH T 8GZKNNWO &CVVCTK  )GKUUGP     5GJTUEJÌP



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\2CZ UVGJV N OKV <YGKI WPF (ÒNNJQTP   $/%%QJ4+% (GKPG2CVKPCXQT\ÒINKEJ





177


1,5:1



1515 Å 1,5:1

Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\-CKUGT UVGJV N OKV $NKV\   WPF<GRVGTXQP8KEVQTKCDGMT·P\V$/%%CNKEQ%QJ4+% )WVGUUGJTUEJÌP 

1517 Æ

1518 Æ

1516 Æ

1516 Æ 1,5:1



“&WRQPFKWU  4QO  I -QRH T OKV 5VTCJNGPDKPFG8KEVQTKC IGJV N OKV -TCP\ WPF   2CNO\YGKI$/%#%QJ4+% $TCWPITÒPG2CVKPCIWVGUUGJTUEJÌP





“3WCFTCPU 4QO  I -QRH FGU RGTUQPKHK\KGTVGP 9KPVGTU CNU ,ÒPINKPI OKV $NWOGPMTCP\ T5%   KP $NWOGPMTCP\ XCP *GGUEJ , 7PG TGRT¾UGPVCVKQP TGOCTSWCDNG FGU SWCVTG UCKUQPU UWT UGOKUUGU FG   N GRQSWGCPVQPKPKGPPGKP5EJGGTU5KOQPG *TUI 5VWFKQ2CWNQ0CUVGT1DNCVC+0WOKUOCVKEC#PVK SWC.GWXGP2N::84+% 441NKXITÒPG2CVKPCIWVGUUGJTUEJÌP



&GT -QRH FGT 8QTFGTUGKVG YWTFG HTÒJGT OKV #PPKWU 8GTWU FGO LÒPIUVGP 5QJP FGU /CTEWU #WTGNKWU KFGPVKHK\KGTV   9KGXCP*GGUEJIG\GKIVJCVKUVFKGUJÌEJUVWPYCJTUEJGKPNKEJ



“3WCFTCPU 4QO  I -QRH FGU RGTUQPKHK\KGTVGP 9KPVGTU CNU ,ÒPINKPI OKV $NWOGPMTCP\ T5%   KP $NWOGPMTCP\ XCP *GGUEJ , 7PG TGRT¾UGPVCVKQP TGOCTSWCDNG FGU SWCVTG UCKUQPU UWT UGOKUUGU FG   N GRQSWG CPVQPKPKGPPG KP 5EJGGTU 5KOQPG *TUI  5VWFKQ 2CWNQ 0CUVGT 1DNCVC +0WOKUOCVKEC#PVK SWC.GWXGP2N::84+% 445GJTUEJÌP



1520 Æ

1519 Æ



“U#PVKQEJKCCF*KRRWO &GMCRQNKU I-QRHTOKV.QTDGGTMTCP\NFTCRKGTV6[EJGUVGJVNOKV 2CNO\YGKIWPFJ·NV2HGTFCO<ÒIGN5RKLMGTOCP &WPMGNITÒPG2CVKPCHCUVUGJTUEJÌP





“U 0KPKEC%NCWFKQRQNKU %KNKEKC   I -QRH T OKV .QTDGGTMTCP\0+0+%#%1.10+# KP .QT   DGGTMTCP\50)(TCPEG 5GJTUEJÌP



1521 Æ

1522

1523



“U0KPKEC%NCWFKQRQNKU %KNKEKC I-QRHT1EJUGPIGURCPPT50)(TCPEG  5GJTUEJÌPpXQT\ÒINKEJ



 HÒT &KXWU #PVQPKPWU Õ&GPCT  4QO  I -QRH T#FNGT UVGJV T CWH #NVCT $/%    %QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT4QOI-QRHT#FNGTUVGJVTCWH#NVCT$/%%QJ4+%  #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



178




1524 Å

1,5:1



1,5:1

 HÒT (CWUVKPC HKNKC Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG N&KCPC UVGJV N OKV   (CEMGN$/%%CNKEQ%QJ4+% 8QT\ÒINKEJGU2TCEJVGZGORNCT 

1525

1526

1527 Æ

1527 Æ



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO(GEWPFKVCU UVGJV T OKV <GRVGT WPF   -KPF$/%%QJXGTIN4+%XGTIN 8QT\ÒINKEJ



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO+WPQ UVGJV N OKV 2CVGTC WPF <GR   VGTFCXQT2HCW$/%%QJ4+% 5GJTUEJÌP



“/GFCKNNQP 4QO  I &TCRKGTVG $ÒUVG N%GTGU UKV\V T CWH %KUVC WPF GORH·PIV FTGK JTGP   XQPGKPGTCPGKPG5·WNGIGNGJPVGPYGKDNKEJGP)GUVCNV)PGEEJK5  8QPITQ­GT5GNVGPJGKV$TCWPG2CVKPCUGJTUEJÌPHCUVUGJTUEJÌP 



'ZGORNCTFGT#WMVKQP0WOKUOCVKEC#TU%NCUUKEC-<ÒTKEJ0T

1528 Æ

1529 Æ

1531 Æ

1530 Æ



“U #WIWUVC 6TCKCPC 6JTCEKC   I &TCRKGTVG $ÒUVG T#TVGOKU IGJV T OKV 2HGKN WPF $QIGP   FCPGDGPURTKPIV*WPFT$/% 8QT\ÒINKEJGU2TCEJVGZGORNCT





“ #UUCTKC 2CWVCNKC 6JTCEKC   I &TCRKGTVG $ÒUVG T*QOQPQKC UVGJV N OKV 2CVGTC WPF (ÒNN   JQTP/QWUJOQX 8QT\ÒINKEJ





“ #UUCTKC .CTKUUC 6JGUUCNKC  HÒT FCU -QKPQP FGT 6JGUUCNGT  I &TCRKGTVG $ÒUVG T#VJGPC   +VQPKCIGJVTOKV5EJKNFWPF5RGGT$/%50)%QR50)'XGNRKFKU  8QPITQ­GT5GNVGPJGKV$TCWPG2CVKPCIWVGUUGJTUEJÌP



HÒT&KXC(CWUVKPCHKNKC“5GUVGT\PCEJ4QOI&TCRKGTVG$ÒUVGT&KCPCUVGJVTOKV (CEMGNCWHFGP5EJWNVGTP*CNDOQPF$/%%QJ4+% (GKPGDTCWPG2CVKPCUGJTUEJÌP





179


1532 Æ

1533 Æ



 WPF .WEKWU 8GTWU “U  #TCFQU 2JQGPKEKC   I $GKFGT -ÌRHG GKPCPFGT IGIGPÒDGT   6[EJGUKV\VNOKV5VGWGTTWFGTWPF(ÒNNJQTP$/% &WPMGNITÒPG2CVKPCUGJTUEJÌP





HÒT%QOOQFWU“#U4QOI&TCRKGTVG$ÒUVGT5RGUIGJVNOKV$NWOG$/% %QJ4+% )TÒPDTCWPG2CVKPCUGJTUEJÌP





.WEKWU8GTWUÕ&GPCT4QOI-QRHT2TQXKFGPVKCUVGJVNOKV)NQDWUWPF (ÒNNJQTP$/%%QJ4+% 5GJTUEJÌP



1535 Å

1,5:1

1,5:1



Ô#WTGWU4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\8KEVQTKCUVGJVTWPFUEJTGKDV 8+%#8)CWH5EJKNF$/%%CNKEQ%QJ4+% 448QT\ÒINKEJGU2TCEJVGZGORNCT



&GT RTCEJVXQNNG #WTGWU HGKGTV FGP KO 8GTNCWHG FGU 2GTUGTMTKGIGU GTTWPIGPGP 5KGI KP #TOGPKGP YQ .WEKWU 8GTWU   5QJCGOWUCNU-ÌPKIGKPUGV\VG

1536 Å

1,5:1

1,5:1



Ô#WTGWU4QOI-QRHT-CKUGTUKV\VNCWH2NCVVHQTO\YKUEJGP5QNFCVWPF6QICVWU WPFMTÌPV5QJCGOWU$/%%CNKEQ%QJ4+% 8QT\ÒINKEJGU2TCEJVGZGORNCT  &CU5VÒEMHGKGTVFKG'KPUGV\WPIFGU5QJCGOWUCNU-ÌPKIKP#TOGPKGP

1537 Å

1,5:1

 180

1,5:1

Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG T#TOGPKC UKV\V N OKV $QIGP WPF -ÌEJGT FCJKPVGT   6TQRJ·G$/%%CNKEQ%QJ4+% (CUVXQT\ÒINKEJ 


1538

1539 Å

1,5:1

1,5:1



Õ&GPCT4QOI-QRHT/CTUUVGJVTOKV5RGGTWPF5EJKNF$/%%QJ 4+% 5GJTUEJÌPpXQT\ÒINKEJ



Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\-CKUGT T TGKVGV (GKPF   PKGFGT$/%%CNKEQ%QJ4+% 8QT\ÒINKEJUGJTUEJÌP 

1540 Æ

1541 Æ



1541 Æ



“/GFCKNNQP4QOI)GRCP\GTVG$ÒUVGNOKV.QTDGGTMTCP\*GTEWNGUUVGJVXXOKV-GWNG WPF.ÌYGPHGNNN$CWOCPFGO$QIGPWPF-ÌEJGTFGU*GNFGPJ·PIGPT#NVCT)PGEEJK6CX  'VYCUMQTTQFKGTVITÒPDTCWPG2CVKPCUGJTUEJÌP 



“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\8KEVQTKC UVGJV X X OKV 2CNO\YGKI WPF   J·NV5EJKNFOKVFGT#WHUEJTKHV8+%2#4CWH5·WNG$/%%QJ4+%  $TCWPG2CVKPC5EJTÌVNKPIUHGJNGTUGJTUEJÌP

1,5:1



1542 Å

1,5:1

Ô#WTGWU4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\(QTVWPCUKV\VNOKV5VGWGTTWFGTWPF (ÒNNJQTP$/%%CNKEQ%QJ4+% 5GJTUEJÌP

1544 Æ 1543 Æ





1545



“U -QTKPVJ %QTKPVJKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\+UKU 2JCTKC UVGJV T OKV IG   DCWUEJVGO5GIGN5NI$%&50)%QR $TCWPG2CVKPCUGJTUEJÌP





“U #PVKQEJKC CF /CGCPFTWO %CTKC   I -QRH T)GHNÒIGNVG 0GOGUKU UVGJV T $/%  50)   X#WNQEM50)-GEMOCP 5GJTUEJÌP





Õ&KFTCEJOG %CGUCTGC %CRRCFQEKC  I&TCRKGTVG$ÒUVGT$GTI#TICKQUFCTÒDGT5VGTP5[F XCT 5GJTUEJÌP

 181


1547 Æ

1546 Æ





 HÒT .WEKNNC “5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T+WPQ UVGJV N OKV 2CVGTC WPF   <GRVGTFCXQTUVGJV2HCWN$/%%QJ4+%  &WPMGNITÒPG2CVKPC4GXGTUKO4CPFDGTGKEJOKPMQTTQFKGTVUGJTUEJÌP



“U *KGTCRQNKU-CUVCDCNC %KNKEKC   I &TCRKGTVG $ÒUVG T-QRH FGT 2GTCUKC N OKV 5EJNGKGT WPF   -CNCVJQU50)(TCPEG50).GXCPVG50)2HCN\XCT )WVGUUGJTUEJÌP



1548 Æ





1549 Æ

%QOOQFWU  “5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\2TQXKFGPVKC UVGJV N   OKV5VCDWPF<GRVGT\WKJTGP(Ò­GPN)NQDWU$/%XGTIN &WRQPFKWU %QJ4+%  &WPMGNITÒPG2CVKPCUGJTUEJÌP



“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\#PPQPC UVGJV N OKV %QPEQTFKCUVCVWG WPF   (ÒNNJQTP FCXQT /QFKWU KO *KPVGTITWPF 5EJKHHUJGEM $/%  XGTIN  %QJ  XGTIN  4+%    XGTIN  &WPMNG2CVKPCMPCRRGT5EJTÌVNKPI4GXGTUOKPMQTTQFKGTVUQPUVCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT



1550 Æ

1551 Æ

1552 Æ

1553 Æ

1554 Æ



“#U4QOI-QRHTOKV.QTDGGTMTCP\4QOCUVGJVNOKV8KEVQTKCWPF5RGGT$/% %QJ4+% )TÒPpDTCWPG2CVKPCUGJTUEJÌP





“5GUVGT\4QOI-QRHTOKV.QTDGGTMTCP\*KNCTKVCUUVGJVNOKV<YGKIWPFNCPIGO 2CNO\YGKI$/%%QJXCT4+% )TÒPDTCWPG2CVKPCUGJTUEJÌP





“U ,CJT     %CRKVQNKCU &GMCRQNKU   I -QRH T OKV .QTDGGTMTCP\6[EJG UVGJV N   OKV<GRVGTWPF(ÒNNJQTP5RKLMGTOCP $TCWPG2CVKPCUEJÌP





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\.KDGTCNKVCU UVGJV N OKV #DCEWU WPF (ÒNN   JQTP$/%%QJ4+% &WPMNG2CVKPCIWVGUUGJTUEJÌP





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\)GHNÒIGNVGT %CFWEGWU \YKUEJGP \YGK IG   MTGW\VGP(ÒNNJÌTPGTP$/%%QJ4+% KTTVÒONKEJG.GIGPFGPCPICDG   4$TCWPG2CVKPCUGJTUEJÌP



182


1557 Æ

1555 Æ

1558 Æ



“U6JGUUCNQPKEC /CEGFQPKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\0KMGUVGJVNOKV-TCP\ WPF2CNO\YGKIFCXQT/QPFUKEJGN8GTIN6QWTCVUQINQW 1NKXITÒPG2CVKPCUGJTUEJÌP





“U 6JGUUCNQPKEC /CEGFQPKC   I &TCRKGTVG $ÒUVG FGT 5VCFVIÌVVKP T OKV /CWGTMTQPG-CDKTQU   UVGJV N OKV 4J[VQP WPF *COOGT FCXQT DTGPPGPFGT #NVCT 6QWTCVUQINQW )TWRRG ,  &C\W GKPG “   /ÒP\GCWU%JGTUQPGUWU 50)%QR  5VÒEM8QT\ÒINKEJ





“U-QTKPVJ %QTKPVJKC I-QRHTOKV.QTDGGTMTCP\2QUGKFQPUKV\VNOKV&GNRJKPWPF&TGK\CEM 5NI$%& FKGU'ZGORNCT  &WPMGNITÒPG2CVKPCUGJTUEJÌP





“U0KPKEC%NCWFKQRQNKU %KNKEKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\<YGKU·WNKIGT6GORGN 50)(TCPEG50).GXCPVG 44$TCWPG2CVKPCUGJTUEJÌP



1559 1560 Æ

1560 Æ



Õ&KFTCEJOG%CGUCTGC %CRRCFQEKC I-QRHTOKV.QTDGGTMTCP\$GTI#TICKQU5[FXCT  )WVGUUGJTUEJÌP





 HÒT &KXWU /CTEWU #WTGNKWU “5GUVGT\  4QO  I -QRH T4QIWU $/%  %QJ    4+% )TÒPDTCWPG2CVKPCCVVTCMVKXGU'ZGORNCTIWVGUUGJTUEJÌP



1561 Æ

1562

1563 Æ



HÒT%TKURKPC“U,CJT  #PC\CTDQU %KNKEKC I&TCRKGTVG$ÒUVGT6[EJGMQRHT OKV5EJNGKGTWPF/CWGTMTQPG50)(TCPEG50).GXCPVG )TÒPG2CVKPCUGJTUEJÌP





2GTVKPCZ  Õ&GPCT 4QO  I -QRH T OKV .QTDGGTMTCP\2TQXKFGPVKC UVGJV N WPF GTJGDV   FKG*·PFG\WGKPGO5VGTP$/%#PO%QJ4+%# 45GJTUEJÌP



&KGIÌVVNKEJG8QTUGJWPIJQNVFGP5VGTP JKGTFGP-CKUGT XQO*KOOGN ECGNQFGOKUUWU 



“5GUVGT\ 4QO  I -QRH T OKV .QTDGGTMTCP\.KDGTCNKVCU UVGJV N OKV #DCEWU WPF (ÒNNJQTP   $/%%QJ4+% 4-TCV\GTITÒPG2CVKPCUGJTUEJÌP 

1564 Æ

1565 Æ



&KFKWU,WNKCPWU“5GUVGT\4QOI-QRHTOKV.QTDGGTMTCP\(QTVWPCUVGJVNOKV5VGWGT TWFGTCWH)NQDWUWPF(ÒNNJQTP$/%%QJ4+% 45GJTUEJÌPUEJÌP





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\%QPEQTFKC UVGJV N OKV \YGK (GNF\GKEJGP   $/%%QJ4+% 4$TCWPG2CVKPCHCUVUGJTUEJÌP



'ZGORNCTFGT5COONWPI(TKGFTKEJ#WMVKQP0WOKUOCVKEC#TU%NCUUKEC<ÒTKEJ0T

183


1568

1567 1566 Æ



%NQFKWU #NDKPWU  “5GUVGT\  4QO  I -QRH T(GNKEKVCU UVGJV N OKV %CFW   EGWUWPF<GRVGT$/%%QJ4+%D $TCWPG2CVKPCUGJTUEJÌP





Õ&GPCT  .WIFWPWO  I -QRH T OKV .QTDGGTMTCP\<YGK *·PFG JCNVGP .GIKQPUCFNGT   $/%5#PO%QJ4+%E 445GJTUEJÌP





Õ&GPCT  .WIFWPWO  I -QRH T OKV .QTDGGTMTCP\8KEVQTKC IGJV T OKV -TCP\ WPF   2CNODNCVV$/%%QJ4+%E 448QT\ÒINKEJ



'KPG2T·IWPIFGU%NQFKWU#NDKPWUCNU#WIWUVWU

1569

1571

1570

1,5:1



5GRVKOKWU 5GXGTWU  Õ&GPCT  .CIGTOÒP\UV·VVG  I +/2 % #'. 5'2 5'8   2'46 #8) %1 ++ -QRH T OKV .QTDGGTMTCP\5#'%8.+('.+%+6# 5KGDGP 5VGTPG ÒDGT /QPF   UKEJGN$/%XGTINHH 'OGUC %QJ4+%XGTIN# 'OGUC   44&KGUG8CTKCPVGYQJNWPGFKGTV5GJTUEJÌP



$KEMHQTF5OKVJ 4+0 :.8+   RQUVWNKGTV GKPG FCU *GGT DGINGKVGPFG .CIGTOÒP\UV·VVG UQDCNF 5GXGTWU KO   -CORH OKV 2GUEGPPKWU 0KIGT -NGKPCUKGP GTTGKEJV JCV &KGU YÒTFG CWEJ FKG \CJNTGKEJGP 7PTGIGNO·­KIMGKVGP KP FGT   7OUEJTKHVGTMN·TGP



Õ&GPCT  .CIGTOÒP\UV·VVG  I -QRH T OKV .QTDGGTMTCP\/QPGVC UKV\V N OKV 9CCIG   WPF(ÒNNJQTP$/%%QJ4+%5GCT4QOCP5KNXGT%QKPUC (CUVXQT\ÒINKEJ



Õ&GPCT  #NGZCPFTKC -QRH T OKV  .QTDGGTMTCP\$QPWU 'XGPVWU UVGJV N OKV GKPGT 5EJCNG OKV   (TÒEJVGP WPF JTGP $KEMHQTF5OKVJ 6JG KORGTKCN OKPVU KP VJG GCUV HQT 5GRVKOKWU 5GXGTWU KP 4+0   :%8+  5HH$/%4+%  8QPITQ­GT5GNVGPJGKVDGUQPFGTUKPFKGUGT'TJCNVWPI2TCEJVGZGORNCTXQT\ÒINKEJp5VGORGNINCP\ 



9·JTGPF FGU $ÒTIGTMTKGIGU JKGNV FGT 2T·HGMV XQP I[RVGP \WP·EJUV \W 2GUEGPPKWU 0KIGT 0CEJ FGUUGP 0KGFGTNCIG   DGK 0KMCKC GTMCPPVG GT LGFQEJ CO  (GDTWCT  5GRVKOKWU 5GXGTWU CNU 5KGIGT CP +P #NGZCPFTKC NKG­ GT   XQTUQTINKEJGKP-QPVKPIGPV&GPCTGCWUOÒP\GPFKGHTGKNKEJKPI[RVGPPKEJVMWTUIÒNVKIYCTGPUKGYCTGPHÒTFGPKP -KNKMKGPWPF5[TKGPM·ORHGPFGP5GXGTWUDGUVKOOVFGOUKGUKEJGTJCNHGP0KIGTPQEJKPFGOUGNDGP,CJT\WDG\YKP IGP&KGUGUGJTUGNVGPGP/ÒP\GPUKPFXGTOWVNKEJCWU5KNDGTIGRT·IVFCUFWTEJFKG*GTCDUGV\WPIFGU5KNDGTIGJCNVGU FGT 6GVTCFTCEJOGP WPVGT %QOOQFWU IGYQPPGP YQTFGP YCT UKGJG %JTKUVKCPUGP 6JG 4QOCP %QKPU QH #NGZCPFTKC   3WCPVKVCVKXG UVWFKGU #CTJWU  5  HH  5Q JCV FGT ōTÌOKUEJG *GTEWNGUŋ OKV UGKPGT 9·JTWPIURQNKVKM KP   I[RVGPņYKGXQTKJOUEJQP0GTQņFGP$ÒTIGTMTKGIPCEJUGKPGO6QFOKVHKPCP\KGTV

1572

1574 1573 Æ



Õ&GPCTWPDGUVKOOVGÌUVNKEJG/ÒP\UV·VVGI-QRHTOKV.QTDGGTMTCP\)GHCPIGPGTUKV\VT FCXQT9CHHGP$/%%QJ4+%#PO 8QT\ÒINKEJ





“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\4QOC UKV\V N OKV 8KEVQTKC CWH )NQDWU WPF   5RGGT$/%%QJ4+% &WPMNG2CVKPCUGJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\-CKUGT TGKVGV T $/%  %QJ    4+% 8QT\ÒINKEJ



184


1575 Æ

1576 Å

1575 Æ



“5GUVGT\  4QO  I -QRH T OKV .QTDGGTMTCP\'NGHCPV T $/%  XCT %QJ  XCT   4+% &WPMGNITÒPG2CVKPCUGJTUEJÌP





Ô#WTGWU  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\5QN UVGJV N OKV 2GKVUEJG   $/%%CNKEQC%QJ4+% )GYGNNVHCUVUGJTUEJÌP



1577

1578 Å

1579

1580

1581



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\-CKUGT TGKVGV T OKV .CP\G $/%    %QJ4+% (CUVXQT\ÒINKEJ





Ô#WTGWU  4QO  I -QRH T OKV .QTDGGTMTCP\-CKUGT UVGJV N OKV 5RGGT WPF QRHGTV ÒDGT   &TGKHW­$/%%CNKEQ4+%D .GKEJVIGYGNNVUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\-CKUGT UVGJV N OKV 2CVGTC WPF <GRVGT   FCXQT&TGKHW­$/%%QJ4+%C (CUVXQT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\-CKUGT UVGJV N OKV 2CVGTC WPF <GRVGT   FCXQT&TGKHW­$/%%QJ4+%C 8QT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\8KTVWU UVGJV N OKV 8KEVQTKC 5RGGT WPF   5EJKNF$/%%QJ4+%C 8QT\ÒINKEJ



1,5:1



1582 Å

1,5:1

Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\4QOCUKV\VNOKV2CNNCFKWOWPF5RGGT $/%%CNKEQC%QJ4+% -TCV\GTCWHFGO4GXGTUXQT\ÒINKEJ 

1583 Å

1584 Å

1585



Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\4QOCUKV\VNOKV2CNNCFKWOWPF5RGGT $/%%CNKEQC%QJ4+% .GKEJVIGYGNNVUGJTUEJÌP 



Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\4QOCUKV\VNOKV2CNNCFKWOWPF5RGGT $/%%CNKEQC%QJ4+% )GYGNNVHCUVUGJTUEJÌP





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\-CKUGTUVGJVNOKV<YGKIWPF5EJTKHVTQNNG $/%%QJ4+% 8QT\ÒINKEJ

 185


1586



1588

1587

Õ&GPCT  !  4QO  I -QRH T OKV .QTDGGTMTCP\.KDGTCNKVCU UVGJV N OKV #DCEWU WPF   (ÒNNJQTP$/%%QJ4+% #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



-KGPCUVFCVKGTVFKGXKGTVG.KDGTCNKVCUKPFCU(TÒJLCJT





Õ6GVTCFTCEJOG  .CQFKEGC CF OCTG 5[TKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\   #FNGTUVGJVXXOKV-TCP\KO5EJPCDGN\YKUEJGPFGP$GKPGP5VGTP2TKGWTXCT  *GTXQTTCIGPFGU2QTVT·VXQT\ÒINKEJGU'ZGORNCT



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\,WRKVGT UVGJV N OKV $NKV\ WPF <GRVGT \YK   UEJGP\YGK-KPFGTP$/%%QJ4+% 5GJTUEJÌP



1590 Å

1589 Å



1591 Æ

Ô#WTGWUI-QRHTOKV.QTDGGTMTCP\-CKUGTTGKVGVT$/%%CNKEQ%QJ4+%5GJTUEJÌP



'UJCPFGNVUKEJDGKFKGUGOWPFFGOHQNIGPFGP5VÒEMYQJNWOGKPGPKPFKUEJGP$GKUEJNCI



Ô#WTGWUI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\8GPWUUVGJVNOKV#RHGN2CNODNCVVWPF5EJKNF FCXQT%WRKFQ$/%%CNKEQ%QJ4+% .GKEJVIGYGNNVIWVGUUGJTUEJÌP





“#UUCTKC/CTMKCPQRQNKU /QGUKCKPHGTKQT I-QRHTOKV.QTDGGTMTCP\*GTCMNGUNGTYÒTIV FGPPGOGKUEJGP.ÌYGP#/0) &WPMNG2CVKPCUGJTUEJÌP



1592 Æ

1593 Æ

1592 Æ



“U 2CWVCNKC 6JTCEKC   I -QRH T OKV .QTDGGTMTCP\#FNGT UVGJV HCUV X X CWH )NQDWU OKV   -TCP\KO5EJPCDGN$/%XCT )TÒPG2CVKPCUGJTUEJÌP





“U -QTKPVJ %QTKPVJKC   I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\$GNNGTQRJQP CWH 2GICUWU T   KO-CORHOKVFGT%JKO·TG5NI$%& FKGU'ZGORNCT  5EJYCT\G2CVKPCUGJTUEJÌP



$GNNGTQRJQPFGT5QJPFGU)NCWMQU'PMGNFGU5KU[RJQUWPF7TGPMGNFGU#KQNQUUVCOOVGCWU'RJ[TCFGOUR·VGTGP -QTKPVJ 2TQKVQU FGT -ÌPKI XQP 6KT[PU VTCEJVGVG $GNNGTQRJQP PCEJ FGO .GDGP WPF UCPFVG KJP PCEJ .[MKGP YQ   +QDCVGU FGT 5EJYKGIGTXCVGT FGU 2TQKVQU KJO FKG #WHICDG UVGNNVG FKG %JKO·TG \W VÌVGP  GKPG HGWGTURGKGPFG $GUVKG   OKV FGP -ÌRHGP GKPGU .ÌYGP GKPGT <KGIG WPF GKPGT 5EJNCPIG &QEJ FKG *QHHPWPI $GNNGTQRJQP YÒTFG FCDGK FGP   6QFHKPFGPGTHÒNNVGUKEJPKEJVGTDGY·NVKIVGFKG#WHICDGFCPMFGUIGHNÒIGNVGP2HGTFGU2GICUWU



“U#PVKQEJKC 2KUKFKC I-QRHTOKV.QTDGGTMTCP\)ÌVVKPUVGJVNOKV<YGKIWPF(ÒNNJQTP-T[ \CPQYUMC ::++ &C\W GKPG CWVQPQOG 2T·IWPI *GTOGUMQRH T#NVCT  UQYKG GKPG $TQP\G FGT ,WNKC   &QOPCCWU#PVKQEJKC2KUKFKCG 5VÒEM5GJTUEJÌP

1595 Æ



1596



“U2CTNCKU 2KUKFKC I&TCRKGTVG$ÒUVGN/GPUVGJVTOKV<GRVGTWPF2KPKGP\CRHGPN(W­CWH $WMTCPKQP50)X#WNQEMXCT 5GJTUEJÌP





 WPF ,WNKC &QOPC Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\&TCRKGTVG $ÒUVG T   $/%%QJ4+% 5GJTUEJÌP



186


1598 Æ

1597 Æ



1597 Æ

“U $CTI[NKC %CTKC   I $GKFGT $ÒUVGP IGIGPÒDGT WPVGP QXCNGT )GIGPUVGORGN XGTUEJNGKGTVG   $ÒUVG X X#UMNGRKQU UVGJV T OKV 5EJNCPIGPUVCD $/%  QJPG )GIGPUVGORGN  )GIGPUVGORGN   *QYIGIQ 45EJÌP



&GT)GIGPUVGORGNUVGNNVFKG#TVGOKU-KPF[CUFCT



“U *KGTCRQNKU-CUVCDCNC %KNKEKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\&TCRKGTVG $ÒUVG T   50)(TCPEG50).GXCPVG )WVGUUGJTUEJÌP

1599



1601 Æ

1600 Æ



HÒT,WNKC&QOPCÕ&GPCT4QOI&TCRKGTVG$ÒUVGT8GPWUUVGJVNOKV*GNOWPF 2CNO\YGKICP5·WNGIGNGJPVWPVGP5EJKNF$/%%QJ4+% 8QT\ÒINKEJUGJTUEJÌP





“#U  4QO  I &TCRKGTVG $ÒUVG T%GTGU UVGJV N OKV -QTP·JTGP WPF (CEMGN FCXQT   #NVCT$/%%QJ4+% )TÒPG2CVKPCUGJTUEJÌP





“U #ODNCFC 2KUKFKC   I &TCRKGTVG $ÒUVG T#VJGPC UVGJV N OKV .CP\G WPF 5EJCNG X #WNQEM   /ÒP\GPWPF5V·FVG2KUKFKGPU+ 5GJTUEJÌP



1602

1604

1603



HÒT,WNKC&QOPCWPF)GVCÕ&GPCT4QOI&TCRKGTVG$ÒUVGFGT,WNKC&QOPCT&TC RKGTVG$ÒUVGFGU)GVCT$/%%QJXCT4+%XCT4#VVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT





 WPF %CTCECNNC Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\&TCRKGTVG $ÒUVG T   $/%%QJ4+% 4-NGKPGT4CPFTK­UGJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\&TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\ $/%   5#PO%QJ4+% 45GJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC



1605

1606

1607

1608



 HÒT )GVC Õ&GPCT  .CQFKEGC CF OCTG  I &TCRKGTVG $ÒUVG T/CTU IGJV T OKV   5RGGTWPF6TQRJ·G$/%%QJ4+% 8QT\ÒINKEJGU2TCEJVGZGORNCT





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T2TKP\ UVGJV N OKV <YGKI WPF <GRVGT FCJKPVGT   6TQRJ·G$/%%QJ4+% )WVGUUGJTUEJÌP





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T0QDKNKVCU UVGJV T OKV 2CNNCFKWO WPF <GRVGT   $/%%QJ4+%C 8QT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T0QDKNKVCU UVGJV T OKV 2CNNCFKWO WPF <GRVGT   $/%%QJ4+%C 5GJTUEJÌP

 187


1609

1611

1610



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T5GEWTKVCU UKV\V N OKV )NQDWU $/%  %QJ    4+% 5GJTUEJÌP





Õ&GPCT4QOI&TCRKGTVG$ÒUVGT)GVCUVGJVNWPFQRHGTVÒDGT&TGKHW­$/%%QJ 4+%D (CUVXQT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T)GVC UVGJV N WPF QRHGTV ÒDGT &TGKHW­ $/%    %QJ4+%D 5GJTUEJÌP



1612

1614

1613 El

1615



Õ&GPCT4QOI&TCRKGTVG$ÒUVGT2TQXKFGPVKCUVGJVNOKV5VCDWPF<GRVGT\WKJTGP (Ò­GP)NQDWU$/%%QJ4+% 5GJTUEJÌP





OKV5CWTQOCVGU++XQP$QURQTWU'N5VCVGTI-QRHTOKV.QTDGGTMTCP\FCXQT5VGTP&TC RKGTVG$ÒUVGTOKV&KCFGO(TQNQXC5F% 5GJTUEJÌP





#PVQPKPWU+++%CTCECNNCÕ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\(GNK EKVCUUVGJVNOKV%CFWEGWUWPF(ÒNNJQTP$/%%QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\/CTUUVGJVNOKV5RGGTWPF5EJKNF$/% %QJ4+% 8QT\ÒINKEJ



1616 Å 1,5:1

1,5:1



Ô#WTGWU4QOI-QRHTOKV.QTDGGTMTCP\2TQXKFGPVKCUVGJVNOKV5VCDWPF<GRVGT FCXQT)NQDWU$/%5#PO%CNKEQ%QJ4+% 8QT\ÒINKEJGU'ZGORNCT

1617

1618



1619



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\5CNWUUKV\VNOKV(ÒNNJQTPWPFHÒVVGTV5EJNCPIG $/%%QJ4+% #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC





Õ6GVTCFTCEJOG  6[TQU 2JQGPKEKC   I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\#FNGT   UVGJVXX-QRHNOKV-TCP\KO5EJPCDGNWPVGP2WTRWTUEJPGEMG2TKGWT 5GJTUEJÌP



6[TQU YCT FCU <GPVTWO FGT 2WTRWTIGYKPPWPI /CP DGPÌVKIVG GVYC  2WRWTUEJPGEMGP /WTGZ VTWPEWNWU  WO   GKP)TCOOFGUGZVTGOVGWTGP(CTDUVQHHGU\WJGT\WUVGNNGP*GWVGNKGIVFGT2TGKUHÒTGKP)TCOO2WTRWTWO'WTQ

 188

Õ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG8GPWUUVGJVNOKV8KEVQ TKC5RGGTWPF5EJKNF$/%%QJ4+%E 5GJTUEJÌP




1622

1621

1620

1623

1624



Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\/CTU IGJV N OKV 5RGGT WPF 6TQRJ·G   $/%%QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\.KDGTVCUUVGJVNOKV2KNGWUWPF5VCD$/% %QJ4+%C 5GJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\8GPWU UVGJV N OKV 8KEVQTKC 5RGGT WPF   5EJKNF$/%%QJ4+%D 5GJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\8GPWU UVGJV N OKV 8KEVQTKC 5RGGT WPF   5EJKNF$/%%QJ4+%D 8QT\ÒINKEJUGJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\*GTEWNGU UVGJV N OKV <YGKI -GWNG WPF   .ÌYGPHGNN$/%%QJ4+% 5GJTUEJÌP



1626

1627

1625



Õ6GVTCFTCEJOG#PVKQEJKCI-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVXX-QRHT OKV-TCP\KO5EJPCDGN2TKGWT 8QT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\,WRKVGT UVGJV N OKV $NKV\ WPF <GRVGT FCXQT   #FNGT$/%%QJ4+% 5GJTUEJÌPXQT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\)GPKWU FGU 5GPCVWU UVGJV N OKV <YGKI WPF   <GRVGT$/%%QJ4+% 5GJTUEJÌPpXQT\ÒINKEJ



1628

1629

1630

1631



Õ6GVTCFTCEJOG$GT[VWU 2JQGPKEKC I-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVXX -QRHNOKV-TCP\KO5EJPCDGNWPVGP2TQTCN2TKGWT 5GJTUEJÌP





Õ6GVTCFTCEJOG'OGUC 5[TKC 1HHK\KP1I-QRHTOKV.QTDGGTMTCP\#FNGTUVGJV XX-QRHNOKV-TCP\KO5EJPCDGNWPVGP5JCOCUJDÒUVGN2TKGWT )WVGUUGJTUEJÌP





Õ6GVTCFTCEJOG.CIGTOÒP\UV·VVGI-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVN-QRHT OKV-TCP\KO5EJPCDGNWPVGP5VGTPÒDGT*CNDOQPF2TKGWT -PCRRGT5EJTÌVNKPIIWVGUUGJTUEJÌP





Õ6GVTCFTCEJOG.CIGTOÒP\UV·VVGI-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVN-QRHT OKV-TCP\KO5EJPCDGNWPVGP5VGTPÒDGT*CNDOQPF2TKGWT 5GJTUEJÌP

 189


1632

1633

1635

1636

1634



Õ6GVTCFTCEJOG.CIGTOÒP\UV·VVGI-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVN-QRHT OKV-TCP\KO5EJPCDGNWPVGP(ÒNNJQTPWPF5VGTP2TKGWT -QTTQFKGTVUGJTUEJÌP





Õ6GVTCFTCEJOG.CQFKEGKCCF/CTG 5[TKC I-QRHTOKV.QTDGGTMTCP\#FNGTUVGJV XX-QRHNOKV-TCP\WPVGP5VGTP2TKGWT )WVGUUGJTUEJÌP





Õ6GVTCFTCEJOG5GNGWEKC2KGTKC 5[TKC I-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVXX CWH$NKV\-QRHTOKV-TCP\KO5EJPCDGN2TKGWT .GKEJVHNGEMKIHCUVXQT\ÒINKEJ





Õ6GVTCFTCEJOG'FGUUC! /GUQRQVCOKC I-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVXX-QRH TFCTWPVGT5VGTP ! 2TKGWTXGTIN 8QT\ÒINKEJGU2TCEJVGZGORNCT





Õ#PVQPKPKCP  4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG,WRKVGT UKV\V N OKV 8KEVQTKC   WPF<GRVGTN#FNGT$/%%QJ4+%D 5GJTUEJÌP



1637

1638

1639 Æ



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\5QNUVGJVNOKV)NQDWU$/%%QJ 4+%D 8QT\ÒINKEJ





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\,WRKVGT UVGJV N OKV $NKV\DÒPFGN WPF <GRVGT   $/%%QJ4+% 8QT\ÒINKEJ





“#UUCTKC/CTMKCPQRQNKU /QGUKCKPHGTKQT .GICV3WKPVKNKCPWUI-QRHTOKV.QTDGGTMTCP\#WH GKPGO IGUEJOÒEMVGP 6KUEJ UVGJV \YKUEJGP \YGK (GNF\GKEJGP GKP \WTÒEMDNKEMGPFGT #FNGT N CWH GKPGT   5VGNG#/0) &WPMGNITÒPG2CVKPCUGJTUEJÌP



1641 Æ

1640 Æ

1642 Æ

1640 Æ



“U #WIWUVC 6TCKCPC 6JTCEKC   I -QRH T OKV .QTDGGTMTCP\-CKUGT UVGJV N OKV 5RGGT XQP   0KMGDGMT·P\V/QWUJOQX 5GJTUEJÌP





“U -QTKPVJ %QTKPVJKC   I &TCRKGTVG $ÒUVG T0KMG UVGJV T WPF UEJTGKDV CWH GKPGP 5EJKNF FGT   CWHGKPGT5·WNGTWJV5NI$%& FKGU'ZGORNCT  $TCWPITÒPG2CVKPCUGJTUEJÌP





“U *CFTKCPQRQNKU 2JT[IKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\6[EJG UVGJV N OKV 4WFGT   WPF(ÒNNJQTP$/%50)X#WNQEM50)%QR 5GJTUEJÌP



190


1644 Æ 1643 Æ

1643 Æ



“U #PVKQEJKC 2KUKFKC   I -QRH T OKV .QTDGGTMTCP\8KEVQTKC IGJV N OKV -TCP\ WPF 2CNO   \YGKI-T\[\CPQYUMC#X::+:4X &WPMNG2CVKPCUGJTUEJÌP





“U (NCXKQRQNKU %KNKEKC   I &TCRKGTVG $ÒUVG T&KG &KQUMWTGP UVGJGP X X OKV 5RGGT 50)   (TCPEG50).GXCPVGXCT )WVGUUGJTUEJÌP



1645 Æ

1646 Æ



“U 6CTUQU %KNKEKC   I -QRH N OKV .QTDGGTMTCP\5CPFCP UVGJV T OKV IGJÌTPVGO 6KGT WPF   -TCP\50)(TCPEG50).GXCPVG (CUVUGJTUEJÌP





“U 6CTUQU %KNKEKC   I -QRH N OKV .QTDGGTMTCP\'NGHCPV UVGJV N 50) (TCPEG   50)   .GXCPVG 5EJÌPpHCUVUGJTUEJÌP



1648 Æ

1647 Æ



“U 6CTUQU %KNKEKC   I -QRH N OKV .QTDGGTMTCP\.ÌYG UVGJV T -QRH N 50) (TCPEG    XCT50).GXCPVG (CUVUGJTUEJÌP





“U +UCWTC +UCWTKC   I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\-CKUGT T TGKEJV #RQNNQP FKG   *CPFFC\YKUEJGP*KTUEJ50)X#WNQEM 4&WPMNG2CVKPCUGJTUEJÌPpXQT\ÒINKEJ



1651

1649 Æ

1650

1652

1649 Æ



“U )CDCNC 5[TKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\0KMG IGJV N OKV -TCP\ WPF   2CNO\YGKI$/%XGTIN50)%QRXGTIN &WPMGNITÒPG2CVKPCUGJTUEJÌP





 HÒT &KXWU 5GRVKOKWU 5GXGTWU Õ&GPCT  4QO  I -QRH T-TCP\ CWH 6JTQP $/%    %QJ4+%G 5GJTUEJÌP





HÒT,WNKC&QOPCÕ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTCWH/QPFUKEJGN8GPWU UKV\VNOKV<GRVGT$/%%QJ4+%C )WVGUUGJTUEJÌP





Õ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTCWH/QPFUKEJGN8GPWUUKV\VNOKV#RHGNWPF <GRVGT$/%#PO%QJXCT4+%C#PO 4CPFCWUDTWEJXQT\ÒINKEJ

 191


1655

1654

1653



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T8GPWU UKV\V N OKV <GRVGT $/%  %QJ    4+%E $TGKVGUXQT\ÒINKEJGU'ZGORNCT





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T8GPWU UKV\V N OKV <GRVGT $/%  %QJ    4+%E 8QT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T&KCPC .WEKHGTC UVGJV N OKV (CEMGN $/%    %QJ4+%# (CUVXQT\ÒINKEJ



1657

1658

1656 Æ



 WPF ,WNKC &QOPC “ #UUCTKC /CTMKCPQRQNKU .GICV 3WKPVKNNKCPWU  I $GKFGT $ÒUVGP GKPCP   FGTIGIGPÒDGT6[EJGUVGJVNOKV5VGWGTTWFGTWPF(ÒNNJQTP#/0) )WVGUUGJTUEJÌP





 HÒT 2NCWVKNNC Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T2KGVCU UVGJV T OKV <GRVGT WPF   -KPF$/%%QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT4QOI&TCRKGTVG$ÒUVGT8GPWUUVGJVNOKV#RHGN2CNO\YGKIWPF5EJKNF FCXQT%WRKFQ$/%%QJ4+% (CUVXQT\ÒINKEJ



1660 El

1659

1,5:1

1,5:1



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T-CKUGT WPF -CKUGTKP TGKEJGP UKEJ FKG *CPF   $/%%QJ4+% 5GJTUEJÌP





WPF4JGUMWRQTKU++XQP$QURQTWU'N5VCVGT,CJT  I-QRHTOKV.QTDGGTMTCP\ FCXQT5VGTP&TCRKGTVG$ÒUVGTOKV&KCFGO(TQNQXC5#X(4X (CUVXQT\ÒINKEJ



1661 El

1,5:1

1662

1,5:1



'N5VCVGT,CJT  I-QRHTOKV.QTDGGTMTCP\&TCRKGTVG$ÒUVGTOKV&KCFGOFCXQT -GWNG(TQNQXC2N UVGORGNINGKEJ  8QT\ÒINKEJGU2TCEJVGZGORNCT





)GVCÕ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\(GNKEKVCUUVGJVNOKV(ÒNNJQTP WPF%CFWEGWU$/%%QJ4+%D -N5EJTÌVNKPIUTK­HCUVXQT\ÒINKEJ



192


1664

1,5:1

1663 Æ



“U/[NCUC %CTKC I&TCRKGTVG$ÒUVGT5VCVWGFGU<GWU.CDTCWPFQUXXOKV<GRVGTWPF&QR RGNCZVKPXKGTU·WNKIGO6GORGN50)X#WNQEM )TÒPG2CVKPCUGJTUEJÌP





/CETKPWUÕ&GPCT4QOI)GRCP\GTVG$ÒUVGTOKV.QTDGGTMTCP\(KFGUUVGJVN OKV \YGK (GNF\GKEJGP FCXQT WPF FCJKPVGT LGYGKNU GKP (GNF\GKEJGP $/%  XGTIN  #PO %QJ    4+% (CUV5VGORGNINCP\



1665

1667

1666

1668



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\-CKUGT UKV\V N OKV )NQDWU WPF   <GRVGT$/%%QJ4+% 8QT\ÒINKEJ





Õ&GPCT  4QO  I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\5GEWTKVCU UVGJV N OKV <GRVGT CP   5·WNGIGNGJPV$/%%QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\#PPQPC UVGJV N OKV JTGP WPF   (ÒNNJQTPFCXQT/QFKWU$/%%QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT  4QO  I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\#PPQPC UVGJV N OKV JTGP WPF   (ÒNNJQTPFCXQT/QFKWU$/%%QJ4+% )WVGUUGJTUEJÌP



1669

1670

1671

1673

1672



Õ&GPCT  4QO  I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\#PPQPC UVGJV N OKV JTGP WPF   (ÒNNJQTPFCXQT/QFKWU$/%%QJ4+% 5GJTUEJÌP





Õ&GPCT  4QO  I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\(KFGU UVGJV X X OKV \YGK   5VCPFCTVGP$/%%QJXCT4+%# 5GJTUEJÌP





Õ&GPCT  4QO  I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\,WRKVGT UVGJV OKV $NKV\ WPF   <GRVGT$/%D%QJ4+% 8QT\ÒINKEJ





Õ&GPCT 4QO  I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\,WRKVGT UVGJV N OKV $NKV\ WPF <GRVGT   $/%%QJ4+% 8QT\ÒINKEJ





Õ&GPCT 4QO  I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\,WRKVGT UVGJV N OKV $NKV\ WPF <GRVGT   $/%%QJ4+% )WVGUUGJTUEJÌP

 193


1674

1676

1675



Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\(GNKEKVCU UVGJV N OKV %CFWEGWU WPF   (ÒNNJQTP$/%%QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT4QOI)GRCP\GTVG$ÒUVGTOKV.QTDGGTMTCP\(GNKEKVCUUVGJVNOKVNCPIGO%CFWEGWU WPF(ÒNNJQTP$/%%QJ4+% 5GJTUEJÌP





Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\5GEWTKVCU UVGJV N OKV <GRVGT CP 5·WNG   IGNGJPV$/%%QJ4+% (CUVXQT\ÒINKEJ



1679

1678 Æ

1677 Æ

1680



“ #UUCTKC /CTMKCPQRQNKU /QGUKC KPHGTKQT  .GICV 2QPVKCPWU  I &TCRKGTVG $ÒUVG T OKV .QT   DGGTMTCP\5EJNCPIGOKV0KODWUTCWHIGTKEJVGV )TÒPG2CVKPCUGJTUEJÌPXQT\ÒINKEJ





“#UUCTKC0KMQRQNKURTQU+UVTQP /QGUKCKPHGTKQT .GICV5VCVKWU.QPIKPWUI)GRCP\GTVG$ÒUVG TOKV.QTDGGTMTCP\#RQNNQUVGJVNOKV<YGKIWPF$QIGP )TÒPG2CVKPCUGJTUEJÌP





Õ6GVTCFTCEJOG#PVKQEJKC 5[TKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\#FNGTUVGJVXXCWH FGT-GWNGGKPGU1RHGTVKGTGU-QRHTOKV-TCP\KO5EJPCDGN2TKGWT 5GJTUEJÌP





Õ6GVTCFTCEJOG%CTTJCG /GUQRQVCOKC I-QRHTOKV5VTCJNGPDKPFG#FNGTUVGJVXX-QRH TQDGP5VGTPWPVGP*CNDOQPF2TKGWT .GKEJVFG\GPVTKGTVXQT\ÒINKEJ



1682

1681

1683

1684

1,5:1



HÒT&KCFWOGPKCPWUÕ&GPCT4QOI&TCRKGTVG$ÒUVGT5RGUUVGJVTOKV$NWOGWPF TCHHVKJT-NGKF$/%%QJ4+% (GKPGT5VKNXQT\ÒINKEJ





Õ&GPCT4QOI&TCRKGTVG$ÒUVGT5RGUUVGJVTOKV$NWOGWPFTCHHVKJT-NGKF$/% %QJ4+% 8QT\ÒINKEJ





Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T2TKP\ UVGJV N OKV 5VCPFCTVG WPF <GRVGT FCJKPVGT \YGK   5VCPFCTVGP$/%%QJ4+% (CUVXQT\ÒINKEJ





#PVQPKPWU +8 'NCICDCN  Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGT   MTCP\8KEVQTKCIGJVNOKV-TCP\WPF2CNO\YGKI$/%%QJ4+% 8QT\ÒINKEJ



194


1686

1685

1687

1689

1688



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\4QOC UKV\V N OKV 8KEVQTKC WPF   5RGGT$/%#PO%QJ4+% *GTXQTTCIGPFGU2QTVT·VXQT\ÒINKEJ





Õ#PVQPKPKCP  4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG(GNKEKVCU UVGJV N OKV   %CFWEGWUWPF(ÒNNJQTP$/%%QJ4+% 5GJTUEJÌP





Õ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\8KEVQTKCIGJVNOKV-TCP\T5VGTP $/%%QJ4+% 8QT\ÒINKEJ





Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\8KEVQTKCIGJVNOKV-TCP\T5VGTP$/% %QJ4+% 8QT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\.GIKQPUCFNGT \YKUEJGP \YGK   5VCPFCTVGP$/%%QJ4+% (CUVXQT\ÒINKEJ



1690

1690

1691

1,5:1



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\ WPF *QTP-CKUGT UVGJV N OKV   2CVGTCWPF<YGKIFCXQT#NVCTWPF5VGTP$/%%QJ4+% 8QT\ÒINKEJ



$GKFGOUQIGPPCPVGP*QTPUQNNGUUKEJWOGKPG5VKGTRGPKUURKV\GJCPFGNP 'NMG-TGPIGNKP,DPWO5HH 6QDKCU$TGPFNGKP00$5HH )GIGPFKGUG&GWVWPICTIWOGPVKGTV99GKUGT )0/·T\5HH 



Õ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\8KEVQTKCIGJVTOKV-TCP\WPF2CNO\YGKI $/%%QJ4+% 8QT\ÒINKEJ



1692 Æ

1693 Æ







1694

“U 0KMQRQNKU /QGUKC +PHGTKQT   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\$·TVKIGT 2TKCRQU UVGJV   NOKV5EJCNGUEJN·IVUGKP)GYCPF\WTÒEMWPFGPVDNÌ­VUGKPGPGTTKIKGTVGP CTONCPIGP 2JCNNWU  )TÒPG2CVKPCUGJTUEJÌP



“U'RJGUWU +QPKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\8KGTU·WNKIGT6GORGNFCTKP5VCVWG FGT#TVGOKU'RJGUKCFCXQTUVGJV'NCICDCNNWPFQRHGTVÒDGT&TGKHW­$/%/KQPPGV  8QPITQ­GT5GNVGPJGKV$TCWPG2CVKPCUGJTUEJÌP



Õ6GVTCFTCEJOG #PVKQEJKC 5[TKC   I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV#FNGT UVGJV T   -QRHNOKV-TCP\KO5EJPCDGNWPVGP5VGTP2TKGWT 5GJTUEJÌP

 195


1695 B

1697 Æ

1696 Æ

1698 Æ

1699 B



$6GVTCFTCEJOG#PVKQEJKC !5[TKC I-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVNOKV-TCP\KO 5EJPCDGNWPVGP5VGTP2TKGWT 5GJTUEJÌP





“U4CRJCPGC 5[TKC I&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG)GPKWUUVGJVNOKV2CVGTCWPF(ÒNN JQTP\YKUEJGP\YGK#FNGTPFCXQT5VKGT$/%XGTIN50)%QR &WPMNG2CVKPCUGJTUEJÌP





“U 5KFQP 2JQGPKEKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\9CIGP FGT #UVCTVG $/%     &WPMGNDTCWPG2CVKPCUGJTUEJÌP





“U 0GCRQNKU 5COCTKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGGTMTCP\6[EJG UVGJV N OKV 5VGWGTTW   FGTWPF(ÒNNJQTP$/%XCT50)#05XCT $TCWPG2CVKPCUEJÌP





$6GVTCFTCEJOG%CTTJCG !/GUQRQVCOKC I-QRHTOKV.QTDGGTMTCP\#FNGTUVGJVN-QRHT OKV-TCP\KO5EJPCDGNWPVGP5VGTP2TKGWT 5GJTUEJÌP



1700

1701

1702

1,5:1



 HÒT &KXC ,WNKC &QOPC Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV 5EJNGKGT2HCW TCF   UEJNCIGPFT$/%%QJ4+% %CTCECNNC WPF 5GX#NGZCPFGT   8QPITQ­GT5GNVGPJGKV)WVGU2QTVT·VXQT\ÒINKEJ 



 HÒT ,WNKC 5QCGOKCU Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T8GPWU UKV\V N OKV #RHGN WPF   <GRVGTFCXQT-KPF$/%%QJ4+% 4GXGTUGVYCUUEJYCEJCWUIGRT·IVXQT\ÒINKEJ





Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T8GPWU UVGJV N OKV #RHGN WPF <GRVGT FCJKPVGT 5VGTP   $/%%QJ4+% (CUVXQT\ÒINKEJ



1703 Æ

1704



“U5GDCUVG 5COCTKC I-QRHT4CWDFGT2GTUGRJQPG*CFGUKP3WCFTKICTKPUGKPGP#TOGP 2GTUGRJQPGQDGP'TQUWPVGP-QTD$/%50)#05 &WPMNG2CVKPCUGJTUEJÌP





HÒT,WNKC/CGUCÕ&GPCT4QOI&TCRKGTVG$ÒUVGT2WFKEKVKCUKV\VNOKV<GRVGTWPFNÒHVGV 5EJNGKGT$/%%QJ4+% 5VGORGNINCP\



&KG 4ÒEMUGKVGPFCTUVGNNWPI DG\KGJV UKEJ YQJN CWH GKPGP FGT KP FGT XKVC #NGZ   IGUEJKNFGTVGP TÌOKUEJGP 5KGIG   YKGCWEJFKG6[RGPFGU#TGUWPFFGT0KMGKPFGTCNGZCPFTKPKUEJGP/ÒP\RT·IWPIFKGUGU,CJTGU

196


1705

1706

1707

1708

1709

1710



Õ&GPCT4QOI&TCRKGTVG$ÒUVGT2WFKEKVKCUKV\VNOKV<GRVGT$/%%QJ4+% 5GJTUEJÌP





Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T(GNKEKVCU UVGJV N OKV 2CVGTC WPF %CFWEGWU FCXQT #NVCT   FCJKPVGT5VGTP$/%%QJ4+% 8QT\ÒINKEJ





Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T(GNKEKVCU UVGJV N OKV 2CVGTC WPF %CFWEGWU FCXQT #NVCT   FCJKPVGT5VGTP$/%%QJ4+% 8QT\ÒINKEJ





Õ#PVQPKPKCP 4QO  I &TCRKGTVG $ÒUVG T CWH /QPFUKEJGN2KGVCU QRHGTV N $/%  %QJ    4+% 45GJTUEJÌP





“U #PC\CTDQU %KNKEKC   I &TCRKGTVG $ÒUVG T'NGHCPV UVGJV T 50) (TCPEG   50) .GXCPVG   5WRRN 5GJTUEJÌP





 HÒT ,WNKC 2CWNC Õ&GPCT  #PVKQEJKC  I &TCRKGTVG $ÒUVG T8GPWU UKV\V N OKV   )NQDWUWPF<GRVGT$/%%QJ4+% 8QT\ÒINKEJ



'ZGORNCTFGT#WMVKQP(TKV\4WFQNH-ÒPMGT1UPCDTÒEM0T  ,WNKC 2CWNC FKG 6QEJVGT FGU 2TCGVQTKCPGTRT·HGMVGP ,WNKWU 2CWNWU YCT FKG GTUVG 'JGHTCW FGU 'NCICDCN &KG 'JG YCT   XGTOWVNKEJ XQP ,WNKC /CGUC CTTCPIKGTV YQTFGP WPF YWTFG OKV ITQ­GO 2QOR IGHGKGTV  DGK FGP 5RKGNGP HCPFGP   \CJNTGKEJG )NCFKCVQTGP  6KIGT WPF GKP 'NGHCPV FGP 6QF 'NCICDCN YWTFG UGKPGT (TCW DCNF ÒDGTFTÒUUKI WPF NKG­   UKEJPCEJGKPGOMPCRRGP,CJTUEJGKFGP

1711

1713

1712

1714

1715

1,5:1



Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T%QPEQTFKC UKV\V N OKV 2CVGTC FCXQT 5VGTP $/%    %QJ4+% 5GJTUEJÌP





 HÒT #SWKNKC 5GXGTC Õ&GPCT  #PVKQEJKC  I &TCRKGTVG $ÒUVG T&CU -CKUGTRCCT TGKEJV   UKEJFKG*CPF$/%%QJ4+% 4#VVTCMVKXGU'ZGORNCTHCUVXQT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T%QPEQTFKC UVGJV N OKV 2CVGTC WPF &QRRGNHÒNN   JQTPFCXQT5VGTP$/%%QJ4+% 5GJTUEJÌP





5GXGTWU #NGZCPFGT  “U  !  0KEQOGFKC $KVJ[PKC   I &TCRKGTVG $ÒUVG T OKV   .QTDGGTMTCP\#EJVU·WNKIGT6GORGN9CFFKPIVQP4GEIGP 5EJYCT\G2CVKPCUGJTUEJÌP



&GT 4GXGTU FGU 5VÒEMGU GTY·JPV FKG FTKVVG 0GQMQTKG FGT 5VCFV 7PUGTG /ÒP\G OW­ CNUQ \W $GIKPP FGT 4GIKGTWPI   FGU 5GXGTWU #NGZCPFGT IGRT·IV YQTFGP UGKP FGPP FGT FTKVVG -CKUGTVGORGN YWTFG WPVGT 'NCICDCN GTTKEJVGV WPF PCEJ   FGUUGP5VWT\TCUEJCW­GT(WPMVKQPIGUGV\V



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\(KFGU UVGJV N OKV \YGK 5VCPFCT   VGP$/%%QJ4+% 8QT\ÒINKEJ



&KG 4ÒEMUGKVGPFCTUVGNNWPI DG\KGJV UKEJ YQJN CWH GKPGP FGT KP FGT XKVC #NGZ   IGUEJKNFGTVGP TÌOKUEJGP 5KGIG   YKGCWEJFKG6[RGPFGU#TGUWPFFGT0KMGKPFGTCNGZCPFTKPKUEJGP/ÒP\RT·IWPIFKGUGU,CJTGU

197


1716

1717

1719

1718

1720



Õ&GPCT4QOI-QRHTOKV.QTDGGTMTCP\-CKUGTIGJVNOKV5RGGTWPF)NQDWU$/% %QJ4+% 8QT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\,WRKVGT M·ORHV N OKV $NKV\   WPF#FNGT$/%%QJ4+% 5VGORGNINCP\





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\8KEVQTKC UVGJV N OKV 2CNO\YGKI N WPVGP   )GHCPIGPGT$/%%QJ4+% 8QT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\5RGU IGJV N OKV $NWOG   $/%%QJ4+% 5GJTUEJÌP





Õ&GPCT  4QO  I -QRH T OKV .QTDGGTMTCP\ N FTCRKGTV#PPQPC UVGJV N OKV JTGP WPF   (ÒNNJQTPFCXQT/QFKWU$/%%QJXCT4+% 8QT\ÒINKEJ



1721 Æ

1722

1722 1,5:1



“U #PC\CTDQU %KNKEKC   I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG0KMG UVGJV N OKV -TCP\ WPF   6TQRJ·G50)X#WNQEM50)(TCPEG50).GXCPVG 5GJTUEJÌP





 HÒT ,WNKC /COCGC Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T+WPQ UVGJV N OKV 2CVGTC WPF   <GRVGTFCXQT2HCW$/%%QJ4+% 5VGORGNINCP\



1724

1725

1726

1723 Æ



“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO(GNKEKVCU UVGJV N OKV %CFWEGWU CP   5·WNGIGNGJPV$/%%QJ4+% )TÒPG2CVKPCUGJTUEJÌP





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO(GNKEKVCU UKV\V N OKV %CFWEGWU WPF   (ÒNNJQTP$/%%QJ4+% 8QT\ÒINKEJ





Õ&GPCT4QOI&TCRKGTVG$ÒUVGT+WPQUVGJVNOKV2CVGTCWPF<GRVGTFCXQT2HCW$/% %QJ4+% (CUVXQT\ÒINKEJ





Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO8GPWU UVGJV N OKV *GNO WPF <GRVGT WPVGP   5EJKNF$/%%QJ4+% 8QT\ÒINKEJ



198


1727

1728

1,5:1

1729

1,5:1



Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO8GPWU UVGJV N OKV *GNO WPF <GRVGT WPVGP   5EJKNF$/%%QJ4+% (CUVXQT\ÒINKEJ





 HÒT 1TDKCPC Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO%QPEQTFKC UKV\V N OKV   2CVGTCWPF(ÒNNJQTP$/%%QJ4+% $TGKVGU'ZGORNCTUGJTUEJÌPXQT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO%QPEQTFKC UKV\V N OKV 2CVGTC WPF   (ÒNNJQTP$/%%QJ4+% 5GJTUEJÌP



1730

1731



/CZKOKPWU + 6JTCZ  Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGT   MTCP\(KFGUUVGJVNOKV\YGK5VCPFCTVGP%QJ4+%# 8QT\ÒINKEJ





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\2CZ UVGJV N OKV <YGKI WPF   <GRVGT$/%%QJ4+% 8QT\ÒINKEJ



&CU2QTVT·VGTKPPGTVPQEJCP5GXGTWU#NGZCPFGTGUFÒTHVGUKEJCNUQWOGKPGFGTHTÒJGUVGP2T·IWPIGPFGU/CZKOKPWU 6JTCZJCPFGNP

1732

1733 Æ

1735

1734 Æ

1736 Æ



Õ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\2CZUVGJVNOKV<YGKIWPF<GRVGT $/%%QJ4+% 'VYCU(WPFDGNCIUQPUVHCUVXQT\ÒINKEJGU'ZGORNCTOKVHGKPGT2CVKPC





“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\(KFGU UVGJV N OKV \YGK 5VCP   FCTVGP$/%%QJ4+% )TÒPG2CVKPCUGJTUEJÌP





“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\8KEVQTKC IGJV T OKV -TCP\   WPF2CNO\YGKI$/%%QJ4+% $TCWPG2CVKPCUGJTUEJÌP





Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\8KEVQTKC IGJV T OKV -TCP\ WPF   2CNO\YGKI$/%%QJ4+% 8QT\ÒINKEJ





“U #PEJKCNQU 6JTCMKC   I $ÒUVG N OKV .QTDGGTMTCP\ WPF 5EJKNF N'TQU OKV 2GKVUEJG CWH   &GNRJKPT#/0)XCT50)%QR )TÒPG2CVKPCIWVGUUGJTUEJÌP

 199


1738 Æ

1737 Æ





“U -QTQRKUUQU %KNKEKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\#PFTQOGFC WPF 2GTUGWU OKV   *CTHGWPF)QTIQPGPJCWRVUVGJGPUKEJIGIGPÒDGTFC\YKUEJGP-QRHGKPGU5GGOQPUVGTU50)(TCPEG 50).GXCPVG (CUVUGJTUEJÌP



“U 0KPKMC-NCWFKQRQNKU %KNKEKC   I -QRH T OKV .QTDGGTMTCP\6[EJGMQRH T OKV /CWGTMTQPG   50)(TCPEG50).GXCPVG )WVGUUGJTUEJÌP



1740

1739

1741 Æ

1,5:1



 HÒT &KXC 2CWNKPC Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T OKV 5EJNGKGT2HCW HNKGIV T OKV   &KXC$/%%QJ4+% 45GJTUEJÌP





 HÒT /CZKOWU Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T2TKGUVGTIGT·VG $/%    %QJ4+% 5GJTUEJÌPGU'ZGORNCTOKVHGKPGT2CVKPC





“5GUVGT\4QOI&TCRKGTVG$ÒUVGT2TKGUVGTIGT·VG$/%%QJ4+%  $TCWPG2CVKPCUGJTUEJÌP



1742

1,5:1

1743

1,5:1

1,5:1



Õ&GPCT  4QO  I &TCRKGTVG $ÒUVG T2TKP\ UVGJV N OKV 5VCD WPF <GRVGT FCJKPVGT   \YGK5VCPFCTVGP$/%%QJ4+% 5VGORGNINCP\



)QTFKCPWU++#HTKECPWUÕ&GPCT4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\8KEVQTKC IGJVNOKV-TCP\WPF2CNO\YGKI$/%%QJ4+%  44#VVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT

1744 Æ

1745

1,5:1





1745



“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\8KEVQTKC IGJV N OKV -TCP\ WPF   <YGKI$/%%QJ4+% 44)TÒPG2CVKPCUGJTUEJÌP 



$CNDKPWUÕ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG*CPFUEJNCI$/% %QJ4+% 8QT\ÒINKEJGU'ZGORNCTOKVHGKPGT6ÌPWPI

200




1746

1748

1747 Æ



Õ&GPCT 4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\-CKUGT UVGJV N OKV <YGKI WPF 2CTC   \QPKWO$/%%QJ4+% 5GJTUEJÌP





“5GUVGT\ 4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\8KEVQTKC UVGJV X X -QRH N OKV   -TCP\WPF2CNO\YGKI$/%%QJ4+% $TCWPG2CVKPCUGJTUEJÌP





2WRKGPWUÕ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG*CPFUEJNCI$/% %QJ4+%D )WVGUUGJTUEJÌP



#/14/86885#8)DGUEJYÌTVFCUIGIGPUGKVKIG8GTVTCWGPFGTDGKFGP#WIWUVK

1749

1749

1750 Æ

1,5:1



Õ#PVQPKPKCP 4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG*CPFUEJNCI $/%  %QJ    4+%D 8QT\ÒINKEJGU'ZGORNCT





“5GUVGT\ 4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\2CZ UKV\V N OKV <YGKI WPF <GRVGT   $/%%QJ4+%C #VVTCMVKXGU2QTVT·V5GJTUEJÌPGU'ZGORNCTOKVDTCWPGT2CVKPC



1751 Æ

1752

1753

1754 Æ

1755 Æ



“5GUVGT\ 4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\2CZ UKV\V N OKV <YGKI WPF <GRVGT   $/%%QJ4+%C &WPMNG2CVKPCHCUVUGJTUEJÌP





)QTFKCPWU+++Õ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG.KDG TCNKVCUUVGJVNOKV#DCEWUWPF&QRRGNHÒNNJQTP%QJ4+% 8QT\ÒINKEJ





Õ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG8KEVQTKCUVGJVNOKV2CNO DNCVVWPF5EJKNFFCTWPVGT)GHCPIGPGT%QJ4+% 8QT\ÒINKEJ





“5GUVGT\4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\/CTUIGJVTOKV5RGGTWPF5EJKNF %QJ4+%C &WPMNG2CVKPCMN5EJTÌVNKPIUTK­IWVGUUGJTUEJÌP





“U *CFTKCPQRQNKU 6JTCEKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\6TKRVQNGOQU KP 5EJNCP   IGPDKICT$/%/KQPPGV5WRRNXCT )TÒPG2CVKPCUGJTUEJÌP

 201


1756 Æ

1757 Æ



“U2GNNC /CEGFQPKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\6[EJGUKV\VN50)#05  &WPMGNDTCWPG2CVKPCUGJTUEJÌP





“U #PVKQEJKC 2KUKFKC   I -QRH T OKV .QTDGGTMTCP\(QTVWPC UVGJV N OKV (ÒNNJQTP !  WPF   NCPIGO<GRVGTFCXQT#NVCT-T\[\CPQYUMC#X::8+++4X )TÒPG2CVKPCUGJTUEJÌP



1758 Æ



1759 Æ

1760

“U#PC\CTDQU %KNKEKC I&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG#RQNNQUVGJVNOKV<YGKIWPF.[TC FKGCWHGKPGO5QEMGNCWHNKGIV50)(TCPEG50).GXCPVG50)2HCN\  5EJTÌVNKPIUHGJNGTUGJTUEJÌP





 HÒT 6TCPSWKNNKPC “ #UUCTKC +UVTQU /QGUKC KPHGTKQT   I &TCRKGTVG $ÒUVG T OKV &KCFGO   #FNGTNCWH&GNRJKP #VVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT





2JKNKRRWU +  Õ#PVQPKPKCP  4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG   #GSWKVCUUVGJVNOKV9CCIGWPF(ÒNNJQTP%QJ4+%D 5VGORGNINCP\



1761

1762 Æ

1761



Õ#PVQPKPKCP  4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG#PPQPC UVGJV N OKV   JTGPWPF(ÒNNJQTPFCXQT/QFKWU%QJ4+%E 8QT\ÒINKEJ





“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\(KFGU UVGJV N OKV \YGK   5VCPFCTVGP%QJ4+%C )TÒPG2CVKPCUGJTUEJÌP



1763

1764

1765



Õ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG8KGT(GNF\GKEJGP%QJ 4+% 8QT\ÒINKEJ





Õ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG'NGHCPVOKV/CJQWVN%QJ 4+% 5GJTUEJÌP





Õ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG5#'%8.#4'5#8))#PVK NQRGN%QJ4+% -NGKPGT5EJTÌVNKPIUTK­IWVGUUGJTUEJÌP



$GKFKGUGOWPFFGPHQNIGPFGP5VÒEMGPJCPFGNVGUUKEJWOGKPG2T·IWPICPN·­NKEJFGT6CWUGPFLCJTHGKGT4QOUCNUQ FGTNGV\VGPVCVU·EJNKEJIGHGKGTVGPTÌOKUEJGP5·MWNCTHGKGT&KGP·EJUVG5·MWNCTHGKGTJ·VVGPCEJGKPGTCPFGTGP<·JNWPI QFGTUVCVVHKPFGPOÒUUGPWPFY·TGFCPPKPFKG4GIKGTWPIU\GKV%QPUVCPVKPUFGU)TQ­GPIGHCNNGPHCPFLGFQEJ PKEJV UVCVV &KGU PCJO <QUKOQU \WO #PNC­ %QPUVCPVKP HÒT FGP 0KGFGTICPI FGU 4GKEJGU XGTCPVYQTVNKEJ\WOCEJGP FGPP PCEJ GKPGT CNVGP 2TQRJG\GKWPI YCT FKG 5KEJGTJGKV FGU 4GKEJGU OKV FGT QTFPWPIUIGO·­GP &WTEJHÒJTWPI FKGUGT   (GKGTPWPFFGO8QNN\WIFGTGPVURTGEJGPFGP-WNVGXGTMPÒRHV

202


1766

1767



Õ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG5#'%8.#4'5#8))9ÌNHKP NU·WIV4QOWNWUWPF4GOWU%QJ4+% )WVGUUGJTUEJÌP





Õ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG5#'%8.#4'5#8))5·WNG OKVFGT#WHUEJTKHV%15+++%QJ4+%E -N5EJTÌVNKPIUTK­UGJTUEJÌPXQT\ÒINKEJ



1768 Æ

1769 Æ

1770 Æ



“5GUVGT\4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\/+.+#4+8/5#'%8.8/5·WNG FCTCWH%15+++%QJ4+% $TCWPG2CVKPCMN5EJTÌVNKPIUTK­UGJTUEJÌP





“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\5#'%8.#4'5 #8)) .ÌYG   UVGJVT%QJ4+% &WPMNG2CVKPCUGJTUEJÌP





“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\'NGHCPV OKV /CJQWV N %QJ    4+% )TÒPG2CVKPCCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\#PPQPC UVGJV N OKV JTGP   WPF(ÒNNJQTPFCXQT/QFKWU%QJ4+%C&C\WGKP5GUVGT\FGU2JKNKRRWU++ 4+% WPFGKP &WRQPFKWUFGU&QOKVKCPWU 4+%  5VÒEM5GJTUEJÌP



1773 Æ

1772 Æ



1774 Æ

1772 Æ

“/GFCKNNQP$K\[C 6JTCEKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\0KMGWPF-CKUGTGTTKEJVGP 6TQRJ·GWPVGP\YGK)GHCPIGPG/QWUJOQX  8QPITQ­GT5GNVGPJGKV5EJÌPGUEJYCT\ITÒPG2CVKPCOKP &QRRGNUEJNCIWPFYKP\5EJTÌVNKPIUTKUUGXQT\ÒINKEJGU2TCEJVGZGORNCT





“U &GWNVWO 6JTCEKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\2TQTC N ÒDGT 9GNNGP $/%    /KQPPGV5WRRNXGTIN $TCWPG2CVKPCUGJTUEJÌP





“U-QVKCKQP 2JT[IKC I&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG-[DGNGNCWHGKPGOXQP\YGK.Ì YGPIG\QIGPGP9CIGP50)X#WNQEM $TCWPG2CVKPCUGJTUEJÌP

 203


1776 Æ

1775

1775



HÒT1VCEKNKC5GXGTCÕ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV&KCFGOCWH/QPFUKEJGN 5#'%8.#4'5#8))0KNRHGTFT%QJ4+%D 5GJTUEJÌP





“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO5#'%8.#4'5 #8)) 0KNRHGTF T   %QJ4+%C )TÒPDTCWPG2CVKPCUGJTUEJÌP



&KGDGKFGP5VÒEMGYWTFGPCPN·­NKEJFGT6CWUGPFLCJTHGKGT4QOUIGRT·IV5KGJGCWEJ#POGTMWPI\W0T

1777 Æ

1778 Æ



“5GUVGT\ 4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO2WFKEKVKC UKV\V N OKV <GRVGT %QJ    4+%C 8QT\ÒINKEJGU'ZGORNCTOKVJGTTNKEJGTITÒPGT2CVKPC 



“5GUVGT\ 4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO2WFKEKVKC UKV\V N OKV <GRVGT %QJ    4+%C )TÒPG2CVKPCUGJTUEJÌP

1779



1780 Æ



Õ#PVQPKPKCP  4QO  I &TCRKGTVG $ÒUVG T CWH /QPFUKEJGN%QPEQTFKC UKV\V N OKV   2CVGTCWPF(ÒNNJQTP%QJ4+% 8QT\ÒINKEJ





WPF1VCEKNKC5GXGTC“U$K\[C 6JTCEKC I$GKFGT$ÒUVGPGKPCPFGTIGIGPÒDGT&GOGVGTUVGJVN OKVJTGPWPF(CEMGN,WTWMQXCXGTIN &WPMNG2CVKPCUGJTUEJÌP



1782

1781 Æ

1783

1784

1781 Æ



HÒT2JKNKRRWU++“U+QVCRG %KNKEKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\&GOGVGTUVGJVN OKV(CEMGNWPF<YGKI50)(TCPEG50).GXCPVG 5EJÌP





 HÒT &KXWU #PVQPKPWU + 2KWU Õ#PVQPKPKCP 4QO  I -QRH T OKV 5VTCJNGPDKPFG#NVCT %QJ   4+% 4CPFTK­HCUVXQT\ÒINKEJ





Õ#PVQPKPKCP  4QO  I -QRH T OKV 5VTCJNGPDKPFG#FNGT CWH <GRVGT %QJ  4+%     5GJTUEJÌP





HÒT&KXWU#NGZCPFGT5GXGTWUÕ#PVQPKPKCP4QOI-QRHTOKV5VTCJNGPDKPFG#NVCT%QJ 4+% 5GJTUEJÌP



204


1785 Æ

1786 Æ



2JKNKRRWU++“6GVTCFTCEJOG,CJT  #NGZCPFTKCI)GRCP\GTVG$ÒUVG T-CKUGTTGKVGVTOKV<GRVGT&CVVCTKXCT)GKUUGP 5GJTUEJÌP





“&WRQPFKWU4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG5#'%8.#4'5#8))5·WNG OKV%15++%QJ4+%E &WPMGNITÒPG2CVKPCUGJTUEJÌP



&KGUGU WPF FCU HQNIGPFG 5VÒEM YWTFGP CPN·­NKEJ FGT 6CWUGPFLCJTHGKGT 4QOU IGRT·IV 5KGJG CWEJ #POGTMWPI \W   0T

1788

1787 Æ



“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T5#'%8.#4'5 #8)) <KGIG UVGJV N %QJ    4+%C )TÒPG2CVKPCUGJTUEJÌP





6TCKCPWU&GEKWUÕ#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG &CEKCUVGJVNOKV'UGNU\GRVGT%QJ4+%D 8QT\ÒINKEJ



1790 Æ

1789 Æ



“&QRRGNUGUVGT\ 4QO  I )GRCP\GTVG $ÒUVG T OKV 5VTCJNGPDKPFG(GNKEKVCU UVGJV N OKV %CFW   EGWUWPF(ÒNNJQTP%QJ4+%C $TCWPG2CVKPC(GNFGTRQNKGTVHCUVUGJTUEJÌP





“5GUVGT\ 4QO  I )GRCP\GTVG $ÒUVG T OKV .QTDGGTMTCP\)'0+75 ':'4% +..;4+%+#0+   )GPKWUUVGJVNOKV2CVGTCWPF(ÒNNJQTPT5VCPFCTVG%QJ4+%C  *GTXQTTCIGPFGU2QTVT·VGVYCUMPCRRGT5EJTÌVNKPIUGJTUEJÌPpXQT\ÒINKEJ



/KV6TCKCPWU&GEKWUDGIKPPVFKG8QTJGTTUEJCHVFGT2CPPQPKGTKO4ÌOGTTGKEJWPFOKV#WUPCJOGXQP8CNGTKCPWU WPF )CNNKGPWU  UVGNNGP KO FTKVVGP ,CJTJWPFGTV P %JT YGKVIGJGPF +NN[TKGT FKG -CKUGT +NN[TKEKCPK YKTF \WO 'JTGP   PCOGPXQP4GIKOGPVGTPFGUHGTPGP1UVGPU

1793

1791 Æ

1792 Æ



“U 5[GFTC %KNKEKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\#TGU UVGJV N \YKUEJGP &KMG WPF   *GTOGU50)(TCPEG50).GXCPVG 5GJTUEJÌPUEJÌP





 HÒT *QUVKNKCPWU “U  /CNNQU %KNKEKC   I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG FCTCWH   TWPFGT )GIGPUVGORGN -TCP\ ! 5VCFVIQVVJGKV UKV\V N \YKUEJGP \YGK 5VCPFCTVGP WPVGP UEJYKOOGP   \YGK(NWUUIÌVVGT50)(TCPEG50).GXCPVG)GIGPUVGORGN*QYIGIQ 5EJÌP



Õ#PVQPKPKCP  4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG/CTU GKNV T OKV 5RGGT WPF   5EJKNF%QJ4+%D 45GJTUEJÌP





205


1795 Æ

1796 Æ

1794 Æ



“5GUVGT\  4QO  I &TCRKGTVG $ÒUVG T#RQNNQ UKV\V N OKV <YGKI WPF .[TC %QJ    4+%C &WPMGNITÒPG2CVKPCUGJTUEJÌP





“U 5GNIG 2KUKFKC   I &TCRKGTVG $ÒUVG T8KEVQTKC IGJV N OKV -TCP\ WPF 2CNO\YGKI 50)   %QR 4&WPMGNITÒPG2CVKPCUGJTUEJÌP





“U %CGUCTGC OCTKVKOC 5COCTKC   I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\6[EJGMQRH N OKV   /CWGTMTQPG-CFOCP 4&WPMGNDTCWPG2CVKPCHCUVUGJTUEJÌP



1797

1799 Æ

1798

1800 Æ

1801



 HÒT *GTGPPKWU 'VTWUEWU Õ#PVQPKPKCP  4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGP   DKPFG*CPFUEJNCI%QJ4+% 49KP\5EJTÌVNKPIUTK­IWVGUUGJTUEJÌP





Õ#PVQPKPKCP  4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG2TKGUVGTIGT·VG %QJ    4+% 8QT\ÒINKEJ





HÒT*GTGPPKC'VTWUEKNNC“5GUVGT\4QOI&TCRKGTVG$ÒUVGTOKV&KCFGO2WFKEKVKCUKV\VN OKV<GRVGT%QJ4+%D 4QVDTCWPG2CVKPCIWVGUUGJTUEJÌP





“5GUVGT\ 4QO  I &TCRKGTVG $ÒUVG T OKV &KCFGO(GEWPFKVCU UVGJV N OKV (ÒNNJQTP WPF J·NV   FKG*CPFÒDGTGKP-KPF%QJ4+%C $TCWPG2CVKPCUGJTUEJÌP





*QUVKNKCPWU  Õ#PVQPKPKCP #PVKQEJKC  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG5VCVWG FGT   4QOCKPXKGTU·WNKIGO6GORGN%QJ4+% 44(CUVUGJTUEJÌP



*QUVKNKCPWU YCT KO /CK  XQP UGKPGO 8CVGT \WO #WIWUVWU GTPCPPV YQTFGP PCEJ FGO *GNFGPVQF FGU &GEKWU KP   FGT 5EJNCEJV DGK #DTKVVWU KP FGT  ,WPKJ·NHVG XGTNQT GT MWT\ FGP 6KVGN DKU 6TGDQPKCPWU )CNNWU KJP DCNF FCTCWH   CFQRVKGTVG WPF YKGFGTWO KP FGP 4CPI GKPGU #WIWUVWU GTJQD 0QEJ XQT /KVVG ,WNK  TCHHVG FKG KP 4QO   ITCUUKGTGPFG 2GUV *QUVKNKCPWU JKPYGI GT YCT CNUQ PWT GVYC \YGK /QPCVG OKV GKPGT MWT\GP 7PVGTDTGEJWPI   -CKUGT &KGU GTMN·TV FKG ITQ­G 5GNVGPJGKV FGT 5VÒEMG FGU *QUVKNKCPWU CNU #WIWUVWU 7PUGT 5VÒEM FÒTHVG PCEJ FGO   6QFG FGU &GEKWU IGRT·IV YQTFGP UGKP FC FKG 4ÒEMUGKVG PKEJV DGK FKGUGO -CKUGT UGJT YQJN CDGT DGK )CNNWU   XQTMQOOV 4+% &KGCWHFGO4GXGTUGTY·JPVGP#WIWUVKUKPFUQOKV*QUVKNKCPWUWPF6TGDQPKCPWU)CNNWU

1802 Æ

1803



“5GUVGT\ ,WPK,WNK  4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\5GEWTKVCU UVGJV N CP   5·WNGIGNGJPV%QJ4+% 44)TÒPG2CVKPCUGJTUEJÌP



6TGDQPKCPWU )CNNWU  Õ#PVQPKPKCP 4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG    #GVGTPKVCUUVGJVNOKV2JQGPKZCWH)NQDWU%QJ4+%  -NGKPGT5VGORGNHGJNGTCWHFGO#XGTUIWVGUUGJTUEJÌP

206






1806

1805

1804 Æ



“5GUVGT\4QOI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\5CNWUUVGJVTOKV2CVGTCWPF5EJNCPIG %QJ4+%C &WPMGNITÒPG2CVKPCUGJTUEJÌPGU'ZGORNCT





8QNWUKCPWUÕ#PVQPKPKCP/GFKQNCPWOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG(GNKEKVCU UVGJVNOKV%CFWEGWUWPF(ÒNNJQTP%QJ4+% 8QT\ÒINKEJ





Õ#PVQPKPKCP 4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG%QPEQTFKC UKV\V N OKV 2CVGTC WPF   &QRRGNHÒNNJQTP%QJ4+% )WVGUUGJTUEJÌP



1807 Æ

1808 Æ



“5GUVGT\ 4QO  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\%QPEQTFKC UKV\V N OKV 2CVGTC WPF   &QRRGNHÒNNJQTP%QJ4+%C 8QT\ÒINKEJGU'ZGORNCTOKVDTCWPGT2CVKPC





“U #PC\CTDQU %KNKEKC   I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG*CFGU UKV\V N OKV <GRVGT   FCXQT-GTDGTWU50)(TCPEG50).GXCPVG5WRRN 5GJTUEJÌP



1809

1810 Æ

1811 Æ

1812



#GOKNKCPWU  Õ#PVQPKPKCP 4QO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG*GTMWNGU UVGJV   TOKV-GWNG.ÌYGPHGNNWPF$QIGP4+% 5GJTUEJÌP





8CNGTKCPWU“U,CJT  #PC\CTDQU %KNKEKC I&TCRKGTVG$ÒUVGTOKV.QT DGGTMTCP\&KQP[UQU TWJV T OKV 6J[TUQU CWH 2CPVJGT 50) (TCPEG   HH 50) .GXCPVG     $TCWPG2CVKPCUGJTUEJÌP



“U ,CJT     #PC\CTDQU %KNKEKC   I &TCRKGTVG $ÒUVG TOKV.QTDGGTMTCP\5GEJU 2TGKUMTQPGPGKPGFCXQPOKV2CNODNCVV50)(TCPEG50).GXCPVG  )TÒPG2CVKPCUGJTUEJÌP





&KG UGEJU 2TGKUMTQPGP U[ODQNKUKGTGP FKG UGEJU -CKUGTMWNVHGUVG FKG KP #PCT\CTDQU IGHGKGTV YWTFGP &KG UGEJUVGP   5RKGNG YWTFGP PCEJ KJTGO 4GIKGTWPIUCPVTKVV FGP -CKUGTP 8CNGTKCPWU WPF )CNNKGPWU IGYKFOGV &KG 5VCFV MQPPVG   UKEJ UQOKV FGT UGEJUHCEJGP 0GQMQTKG TÒJOGP YQOKV UKG FGP ITQ­GP <GPVTGP KO YGUVNKEJGP -NGKPCUKGP 'RJGUQU   2GTICOQPWPF5O[TPCINGKEJMCO



Õ#PVQPKPKCP  5COQUCVC  'OKUUKQP  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG6[EJG   TGEJVUDGMT·P\V-CKUGT/+4G4+% 9KP\5EJTÌVNKPIUTK­XQT\ÒINKEJpUVGORGNHTKUEJ

 207


1814 Æ

1813 Æ



“U -QT[MQU %KNKEKC   I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG&KQP[UQU UVGJV N OKV 6J[TUQU   WPF 6TCWDGP \W UGKPGP (Ò­GP 2CPVJGT FCXQT FTGKDGKPKIGT 6KUEJ OKV 2TGKUMTQPG FKG GKPGP %CFWEGWU   GKP2CNODNCVVWPFGKP#RJNCUVQPGPVJ·NV#WHFGT2TGKUMTQPGFEMIA50)(TCPEGHH50) .GXCPVG UVGORGNINGKEJ  5GJTUEJÌP



&GT6KVGN0CWCTEJKUKPFGT4GXGTUNGIGPFGYGKUVYKGCWEJFCU#RJNCUVQPCWHFKG$GFGWVWPIFGT5VCFVCNU*CHGPJKP



“U.CGTVGU %KNKEKC I&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\#TGUUVGJVTOKV.CP\GWPF5EJKNF 50)(TCPEG50).GXCPVG )TÒPG2CVKPCHCUVUGJTUEJÌP

1816 Æ

1815 Æ







“U5GNGWEKCCF%CN[ECFPWO %KNKEKC I&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG$ÒUVGFGU#RQNNQP WPF FGT #TVGOKU6[EJG GKPCPFGT IGIGPÒDGT FC\YKUEJGP <YGKI 50) (TCPEG   XCT 50)   .GXCPVGXCT 4/CTMCPVGU2QTVT·V-TCV\GTUGJTUEJÌP



“U6CTUQU %KNKEKC I&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG#VJGPCUKV\VNOKV(ÒNNJQTPFCXQT -CPVJCTQU50)(TCPEG50).GXCPVG &WPMNG2CVKPCHCUVUGJTUEJÌP



1817

1818

1819

1820 B



HÒT&KXC/CTKPKCPCÕ#PVQPKPKCP8KOKPCEKWOI&TCRKGTVG$ÒUVGTOKV5EJNGKGTCWH/QPF UKEJGN2HCWHNKGIVTOKV&KXC/+4D4+% 5GJTUEJÌP





)CNNKGPWU  Õ#PVQPKPKCP  %QNQPKC  I )GRCP\GTVG $ÒUVG T OKV 5VTCJNGPDKPFG   6TQRJ·G \YKUEJGP \YGK )GHCPIGPGP 'NOGT   'OKUUKQP  /+4  P  'OKUUKQP  4+%   

.WIFWPWO <UEJWEMG 'OKUUKQP  45GJTUEJÌP



Õ#PVQPKPKCP,WPK5GRVGODGT5COQUCVC'OKUUKQPI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG -CKUGTYKTFXQP5QNDGMT·P\V/+44+% 4GXGTUOKPMQTTQFKGTVUGJTUEJÌP





&KGUG 'OKUUKQP DGIKPPV OKV FGO $GMCPPVYGTFGP FGT )GHCPIGPPCJOG 8CNGTKCPU WPF GPFGV OKV FGO 8GTTCV FGT   /CETKCPKWPFFGU3WKGVWU



$#PVQPKPKCP/GFKQNCPWOI)GRCP\GTVG$ÒUVGTOKV5VTCJNGPDKPFG%1**24#'68+ 28+(.ÌYGTOKV5VTCJNGPDKPFG/+4T4+% 42T·IGUEJY·EJGUGJTUEJÌPGU'ZGORNCT &CU 5VÒEM RTGKUV FKG 2TCGVQTKCPGTEQJQTVGP HÒT KJTG 6GKNPCJOG CP FGT ITQ­GP #NGOCPPGPUEJNCEJV FGU ,CJTGU    DGK /GFKQNCPWO &GT -CKUGT UGNDUV UVCPF KP FKGUGT 5EJNCEJV CP FGT 5RKV\G FGT 2TCGVQTKCPGTEQJQTVGP WPF OW­ GKPG   JGTCWUTCIGPFG9CHHGPVCVXQNNDTCEJVJCDGPYKG2T·IWPIGPCWU4QODGNGIGP

208




1821 Å 1,5:1



1,5:1

Ô#WTGWU/GFKQNCPWO'OKUUKQPI-QRHTOKV5VTCJNGPDKPFG816+5:'6::KP.QT DGGTMTCP\/+44+% 4QO  449KP\-TCV\GTMN5EJTÌVNKPIUTK­IWVGUUGJTUEJÌP



1822 Æ 1823 Æ



1823 Æ

“U#VJGP #VVKEC I#VJGPCMQRHTOKVMQTKPVJKUEJGO*GNO#VJGPCUVGJVNOKV5RGGT WPF5EJKNF50)/ÒPEJGP &WPMNG2CVKPCUGJTUEJÌP



&CU 'PFG FGT 2T·IWPI FKGUGT 5VÒEMG YWTFG YQJN FWTEJ FGP 'KPHCNN FGT )QVGP WPF *GTWNGT KO ,CJTG    JGTXQTIGTWHGP FKG UKEJ OKV  5EJKHHGP FGP 'KPICPI KP FGP *GNNGURQPV GT\YCPIGP WPF VTQV\ FGU IN·P\GPFGP   5GGUKGIGUFGU#FOKTCNU8GPGTKCPWU-NGKPCUKGPWPFUEJKG­NKEJCWEJ)TKGEJGPNCPFRNÒPFGTVGP



“U5GNGWMGKCRTQU-CN[MCFPQP %KNKEKC I)GRCP\GTVG$ÒUVGTOKV5VTCJNGPDKPFG0KMGUVGJVNCWH )NQDWUOKV-TCP\WPF2CNO\YGKI50)(TCPEGHH50).GXCPVG)TÒPG2CVKPCUGJTUEJÌP

1824 Æ

1825 Æ

1826 Æ



1827 Æ



HÒT5CNQPKPC“#UUCTKC5[GFTC %KNKEKC I&TCRKGTVG$ÒUVGT#TGUUVGJVTOKV.CP\GWPF 5EJKNF50)(TCPEG50).GXCPVG (CUVXQT\ÒINKEJ





2QUVWOWU“&QRRGNUGUVGT\%QNQPKCI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG)C NGGTGN$CUVKGP'NOGT4+% $TCWPG2CVKPCHCUVUGJTUEJÌP





“5GUVGT\  %QNQPKC  'OKUUKQP  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\8KEVQTKC IGJV N   OKV-TCP\WPF2CNO\YGKIFCXQT)GHCPIGPGT$CUVKGP'NOGT4+%  )TÒPG2CVKPCUGJTUEJÌP



“&QRRGNUGUVGT\/ÒP\COVI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG2CZIGJVNOKV1NKXGP \YGKIWPF<GRVGT'NOGTXGTIN4+%  +PFKGUGTIWVGP#WURT·IWPIUGNVGP$TCWPG2CVKPCUGJTUEJÌP





209


1829 Æ

1830 Æ

1828 Æ



“&WRQPFKWUWPDGUVKOOVG/ÒP\UV·VVGI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG)CNGGTGT$CUVKGP XGTIN )TÒPG2CVKPCUGJTUEJÌP





/CTKWU“#PVQPKPKCP%QNQPKC1HHK\KPI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG(GNKEKVCU UVGJVNOKV%CFWEGWUWPF(ÒNNJQTP'NOGT4+%<UEJWEMG 5GJTUEJÌP





“#PVQPKPKCP%QNQPKC1HHK\KPI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG(GNKEKVCUUVGJVNOKV %CFWEGWUWPF(ÒNNJQTP'NOGT4+%<UEJWEMG 5GJTUEJÌP



1833 B

1832 Æ

1831



/CETKCPWU  Õ#PVQPKPKCP 5COQUCVC  I )GRCP\GTVG $ÒUVG T OKV 5VTCJNGPDKPFG5RGU   UVGJVNOKV$NWOG/+44+%XCT 5GJTUEJÌP





#WTGNKCPWUHÒT5GXGTKPC“&GPCT4QO'OKUUKQPI&TCRKGTVG$ÒUVGTOKV &KCFGO8GPWUUVGJVNOKV%WRKFQWPF<GRVGT/+4V4+% 4$TCWPG2CVKPCUGJTUEJÌP





$&GPCT4QOI&TCRKGTVG$ÒUVGT8GPWUUVGJVNOKV%WRKFQWPF<GRVGT/+4V4+% 4)TÒPG2CVKPCUGJTUEJÌP



1834 Æ



1835

1836 B

1837 B

“6GVTCFTCEJOG ,CJT      #NGZCPFTKC #GI[RVWU   I &TCRKGTVG $ÒUVG T OKV 5VG   RJCPG#FNGTUVGJVN-QRHTOKV-TCP\KO5EJPCDGN&CVVCTK)GKUUGP  )WVGUUGJTUEJÌP





Õ#PVQPKPKCP5KUEKCI&TCRKGTVG$ÒUVGTCWH/QPFUKEJGN%QPEQTFKCUVGJVNOKV\YGK(GNF\GK EJGP%QJ4+% 8QT\ÒINKEJp5VGORGNINCP\





$#PVQPKPKCP 6KEKPWO  I &TCRKGTVG $ÒUVG T CWH /QPFUKEJGN%QPEQTFKC UVGJV N OKV \YGK (GNF   \GKEJGP%QJ4+% 8QT\ÒINKEJ





WPF8CDCNCVJWU$#PVQPKPKCP#PVKQEJKC1HHK\KPI)GRCP\GTVG$ÒUVGFGU#WTGNKC PWUTOKV5VTCJNGPDKPFG&TCRKGTVG$ÒUVGFGU8CDCNCVJWUTOKV&KCFGO/+44+%5GJTUEJÌP



1838 Å

1839 B



6CEKVWU  Ô#WTGWU 4QO  I +/2 % / %. 6#%+685 #8) &TCRKGTVG $ÒUVG T OKV   .QTDGGTMTCP\41/#'#'6'40#'4QOCUKV\VNCWH5EJKNFOKV8KEVQTKCCWH)NQDWUWPF5RGGTKO #DUEJPKVV5%4+% 445GJTUEJÌP 



$#PVQPKPKCP #PVKQEJKC  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG-CKUGT GORH·PIV )NQDWU XQP   ,WRKVGT4+% 5KNDGTUWFXQT\ÒINKEJ

210




1840 Æ

1841 B

1843 Æ

1842 B



“#PVQPKPKCP4QOI&TCRKGTVGWPFIGRCP\GTVG$ÒUVGTOKV5VTCJNGPDKPFG2TQXKFGPVKCUVGJVN OKV5VCDWPF(ÒNNJQTP\WKJTGP(Ò­GP)NQDWU%QJ4+% 8QT\ÒINKEJ





$#PVQPKPKCP6KEKPWOI)GRCP\GTVG$ÒUVGTOKV5VTCJNGPDKPFG/CTUIGJVNOKV<YGKI5RGGT WPF5EJKNF4+% 8QT\ÒINKEJGU'ZGORNCTOKV5KNDGTUWF





(NQTKCPWU  $#PVQPKPKCP 5GTFKEC  I +/2 % / #00 (.14+#075 2 ( #8) )GRCP\GTVG   $ÒUVGTOKV5VTCJNGPDKPFG2TQXKFGPVKCOKV\YGK5VCPFCTVGPWPF5QNOKV)NQDWUWPFGTJQDGPGT4GEJVGP UVGJGPGKPCPFGTIGIGPÒDGTFC\YKUEJGP5VGTP4+% 445KNDGTUWFXQT\ÒINKEJ



&KG7OUEJTKHVFGT8QTFGTUGKVGKUVKO4+%PKEJVXGT\GKEJPGV



“#PVQPKPKCP %[\KEWU  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG8KEVQTKC UVGJV T OKV 2CNO   \YGKIWPFDGMT·P\V-CKUGT4+% 5GJTUEJÌP

1844 Æ

1845 Æ

1,5:1





%CTKPWUHÒT&KXWU0KITKPKCPWU“#PVQPKPKCP4QOI-QRHTOKV5VTCJNGPDKPFG#FNGT UVGJVXX-QRHN%QJ4+% 445GJTUEJÌP



0KITKPKCPWU YCT JÌEJUVYCJTUEJGKPNKEJ FGT 5QJP FGU %CTKPWU WPF FGT /CIPKC 7TDKEC 'U KUV CNNGTFKPIU PKEJV XÌNNKI   CWU\WUEJNKGUUGPFC­GTFGT5QJPFGT2CWNKPCFGT6QEJVGTFGU%CTWUYCT



HÒT/CIPKC7TDKEC“#PVQPKPKCP4QOI&TCRKGTVG$ÒUVGTCWH/QPFUKEJGN8GPWUUVGJVN OKV*GNOWPF<GRVGT4+% 45GJTUEJÌP

1846 Æ 1,5:1





1,5:1

,WNKCPWUKP2CPPQPKGP“#PVQPKPKCP5KUEKC1HHK\KPI&TCRKGTVG$ÒUVGTOKV5VTCJ NGPDKPFG(GNKEKVCUUVGJVNOKV%CFWEGWUWPF<GRVGT%QJ4+%  44#VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT



ªDGT,WNKCPXQP2CPPQPKGPDGTKEJVGPPWT#WTGNKWU8KEVQTFKG'RKVQOGFG%CGUCTKDWUWPF<QUKOQUYQDGKFGT'RK VQOCVQT WPF <QUKOQU  YKG UQ QHV  CWU GKPGT IGOGKPUCOGP NGKFGT XGTNQTGPGP 3WGNNG UEJÌRHGP 1D WPUGT -CKUGT   /CTEWU#WTGNKWU,WNKCPWUJKG­QFGTQDGT\WU·V\NKEJPQEJFGP0COGP5CDKPWUHÒJTVG 'RKVQOG<QUKOQU  WPF   N·­V UKEJ PKEJV GKPFGWVKI DGCPVYQTVGP &GP 2WTRWT GTITKHH ,WNKCPWU FGT XQTJGT YQJN FCU #OV GKPGU   %QTTGEVQT 8GPGVKCG KPPGJCVVG #WTGN 8KEV    PCEJ FGO 6QFG FGU 0WOGTKCPWU 'T JGTTUEJVG KP 2CPPQPKGP   UGKPG /ÒP\GP UKPF CWUUEJNKG­NKEJ KP 5KUEKC IGRT·IV 1D GT UGKPG NGV\VG 5EJNCEJV IGIGP %CTKPWU KP +NN[TKGP #WTGNKWU   8KEVQT QFGTCWHFGP%CORK8GTQPGPUGU 'RKVFG%CGU XGTNQTN·­VUKEJPKEJVOKV5KEJGTJGKVUCIGP

211


1847 Æ

1849 Æ

1848 Æ

1850 Æ

1851 Æ



%CTCWUKWU$#PVQPKPKCP%COWNQFWPWOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG*CPF UEJNCI4+% (CUVXQT\ÒINKEJ





“#PVQPKPKCP%COWNQFWPWOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG(GNKEKVCUUVGJVNOKV%CFW EGWUWPF(ÒNNJQTP4+% 8QT\ÒINKEJ





“#PVQPKPKCP%COWNQFWPWOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG8KEVQTKCIGJVTOKV-TCP\ WPF2CNODNCVV4+% .GKEJVG2T·IGUEJY·EJGHCUVXQT\ÒINKEJ





“#PVQPKPKCP%COWNQFWPWOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG2TQXKFGPVKCUVGJVNOKV5VCD WPF(ÒNNJQTPFCXQT)NQDWU4+% 5EJTÌVNKPIUHGJNGTCWH8QTFGTpWPF4ÒEMUGKVGHCUVXQT\ÒINKEJ





“#PVQPKPKCP %COWNQFWPWO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG5CNWU UVGJV N OKV 2CVGTC   WPF<GRVGTWPFHÒVVGTVGKPGWOGKPGP#NVCTIGYWPFGPG5EJNCPIG4+%XCT  2T·IGUEJY·EJGCWHFGO4GXGTUHCUVXQT\ÒINKEJ



1852 Æ

1853 Æ

1855 Æ

1854 Æ



“#PVQPKPKCP %COWNQFWPWO  I &TCRKGTVG  $ÒUVG T OKV 5VTCJNGPDKPFG2CZ UVGJV N OKV 1NK   XGP\YGKIWPF<GRVGT4+%XCT 5GJTUEJÌP





“#PVQPKPKCP.QPFKPKWOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG2CZUVGJVNOKV1NKXGP\YGKI WPF<GRVGT4+% 8QT\ÒINKEJ





“#PVQPKPKCP .QPFKPKWO  I &TCRKGTVG $ÒUVG T OKV 5VTCJNGPDKPFG2CZ UVGJV N OKV 1NKXGP   \YGKIWPF<GRVGT4+% 8QT\ÒINKEJ





“#PVQPKPKCP.QPFKPKWOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG2CZUVGJVNOKV1NKXGP\YGKI WPF<GRVGT4+% 4ÒEMUGKVGFG\GPVTKGTVUEJYCEJCWUIGRT·IVHCUVXQT\ÒINKEJ



1856 Æ

1857 Æ



“#PVQPKPKCP.QPFKPKWOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG2CZUVGJVNOKV1NKXGP\YGKI WPF<GRVGT%QJ4+% 5GJTUEJÌP





“#PVQPKPKCPWPDGUVKOOVG/ÒPUV·VVGI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG5CNWUUVGJVNOKV <GRVGTWPFHÒVVGTV5EJNCPIGCWH#NVCT4+% )WVGUUGJTUEJÌP



212


1858 Æ

1860 Å

1859 Æ

1,5:1

1,5:1



#NNGEVWU“#PVQPKPKCP.QPFKPKWOI)GRCP\GTVG$ÒUVGTOKV5VTCJNGPDKPFG.CGVKVKC UVGJVNOKV-TCP\WPF#PMGT4+% 5GJTUEJÌP





“#PVQPKPKCP.QPFKPKWOI&TCRKGTVG$ÒUVGTOKV5VTCJNGPDKPFG)CNGGTG4+%  8QTFGTUGKVGGVYCUFG\GPVTKGTVUGJTUEJÌP



9GIGP FGU 3 KO 4U#DUEJPKVV YKTF KP FGT (QTUEJWPI IGNGIGPVNKEJ FKG #PUKEJV XGTVTGVGP FKGUG #PVQPKPKCPG TGFW   \KGTVGP(QTOCVGUUGKGP3WKPCTGIGYGUGP5GNDUVXGTUV·PFNKEJJCPFGNVGUUKEJPCEJYKGXQTWO&QRRGNFGPCTG&CU3 KUVCPFGTU\WFGWVGPXKGNNGKEJVCNU*KPYGKUCWHFKGHÒTIGRNCPVGP3WKPSWGPPCNKGP



&KQENGVKCPWU  Ô#WTGWU #PVKQEJKC  I &TCRKGTVG $ÒUVG T OKV .QTDGGTMTCP\8KEVQTKC   IGJVTOKV-TCP\WPF2CNO\YGKI%CNKEQ%QJ4+% 8QT\ÒINKEJ 

1861 Æ

1,5:1

1862 Å

1,5:1



“#PVQPKPKCP5KUEKCI)GRCP\GTVG$ÒUVGTOKV5VTCJNGPDKPFG-CKUGTWPF,WRKVGTUVGJGPGKPCPFGT IGIGPÒDGTWPFQRHGTPÒDGT#NVCT%QJ4+% )TÒPG2CVKPCIWVGUUGJTUEJÌP



Ô#WTGWU  0KEQOGFKC  I -QRH T OKV .QTDGGTMTCP\,WRKVGT UVGJV N OKV $NKV\ WPF <GRVGT   %CNKEQ4+%C 48QT\ÒINKEJGU'ZGORNCT 



&KQENGVKCPHÒJTVGFGP$GKPCOGP+QXKWUYCUCWHFGT4ÒEMUGKVG\WO#WUFTWEMMQOOV

1864 Æ

1863

1865

1866

1867 Æ



Õ#TIGPVGWU6TGXGTKI-QRHTOKV.QTDGGTMTCP\8KGT-CKUGTQRHGTPXQT/CWGTTKPI4+% C -NGKPGT5EJTÌVNKPIUTK­5VGORGNINCP\





“(QNNKU6TGXGTKI-QRHTOKV.QTDGGTMTCP\)GPKWUUVGJVNOKV2CVGTCWPF(ÒNNJQTP 4+%C 5KNDGTUWFXQT\ÒINKEJ





Õ#TIGPVGWU-CTVJCIQI-QRHTOKV.QTDGGTMTCP\#HTKECUVGJVXXOKV5VQUU\CJP WPF5VCPFCTVG\WKJTGP(Ò­GPN.ÌYG%QJ4+%C 45GJTUEJÌP





Õ#TIGPVGWU  -CTVJCIQ  I -QRH T OKV .QTDGGTMTCP\#HTKEC UVGJV XX OKV 5VQUU\CJP   WPF5VCPFCTVG\WKJTGP(Ò­GPN.ÌYG%QJ4+%C 45GJTUEJÌP





“(QNNKU#NGZCPFTKCI-QRHTOKV.QTDGGTMTCP\)GPKWUUVGJVNOKV2CVGTCWPF(ÒNNJQTP 4+%C 8QT\ÒINKEJp5VGORGNINCP\

 213


1869 Æ

1868 Æ



“(QNNKU4QOI-QRHTOKV.QTDGGTMTCP\/QPGVCUVGJVNOKV9CCIGWPF(ÒNNJQTP 4+%C 8QT\ÒINKEJ





CNU5GPKQT#WIWUVWU“(QNNKU#NGZCPFTKC1HHK\KPI-QPUWNCTDÒUVGTOKV/CRRC <YGKIWPF.QTDGGTMTCP\2TQXKFGPVKCWPF3WKGUUVGJGPGKPCPFGTIGIGPÒDGT4+%  2T·IGUEJY·EJGCO4CPF5VGORGNINCP\



1871

1870 B

1872 Æ

1874 Æ

1873



/CZKOKCPWU+$#PVQPKPKCP5KUEKCI-QRHTOKV5VTCJNGPDKPFG-CKUGTWPF *GTEWNGUQRHGTPÒDGT#NVCT4+% (CUVXQT\ÒINKEJXQT\ÒINKEJ





Õ#TIGPVGWU  5KUEKC  I -QRH T OKV .QTDGGTMTCP\8KGT -CKUGT QRHGTP XQT /CWGTTKPI   4+%D 2TCEJVGZGORNCT5VGORGNINCP\





 CNU 5GPKQT #WIWUVWU “(QNNKU  %[\KEWU  I -QRH T OKV .QTDGGTMTCP\.CIGTVQT OKV XKGT   6ÒTOGP4+% 4(CUVXQT\ÒINKEJ





%QPUVCPVKWU+Õ#TIGPVGWU6KEKPWOI-QRHTOKV.QTDGGTMTCP\:%8+6KP -TCP\4+%C 45EJTÌVNKPIUTK­XQT\ÒINKEJ



:%8+ KUV GKPG 9GTVCPICDG FGUTÌOKUEJGP2HWPFGU <WO0QOKPCNWPF\WT9GTVCPICDGUKGJG9GKUGTKP )0  5



/CZKOKCPWU++)CNGTKWU“(QNNKU*GTCENGC1HHK\KPI-QRHTOKV.QT DGGTMTCP\)GPKWUUVGJVNOKV2CVGTCWPF(ÒNNJQTP4+%D 8QT\ÒINKEJ



1875 Å

1876 Æ 1,5:1



 214

1,5:1

Ô#WTGWU5KUEKCI-QRHTOKV.QTDGGTMTCP\,WRKVGTUVGJVNOKV$NKV\WPF<GRVGTFC XQTUVGJV#FNGTNOKV-TCP\KO5EJPCDGN\WTÒEMDNKEMGPF%CNKEQ4+%  449KP\-TCV\GTXQNN\GPVTKGTVGUXQT\ÒINKEJGU'ZGORNCT



HÒT)CNGTKC8CNGTKC“(QNNKU%[\KEWU1HHK\KPI&TCRKGTVG$ÒUVGTOKV&KCFGO8GPWU UVGJVNOKV#RHGN4+% )TÒPG2CVKPCYKP\-TCV\GTIWVGUUGJTUEJÌP




1877 Æ



5GXGTWU ++  “(QNNKU  #SWKNGKC  I -QRH T OKV .QTDGGTMTCP\/CTU IGJV T OKV   5RGGTWPF6TQRJ·G4+%C 4GXGTUOKPMQTTQFKGTVUQPUVCVVTCMVKXGUHCUVXQT\ÒINKEJGU'ZGORNCT

1,5:1











1880 Æ

1881 Æ

1882 Æ



1883 Æ

“U  #NGZCPFTKC  I &TCRKGTVG $ÒUVG FGU 5CTCRKU T OKV /QFKWU0KN NCIGTV N OKV 5EJKNH WPF   (ÒNNJQTPXCP*GGUEJ6JG.CUV%KXKE%QKPCIGUCPFVJG4GNKIKQWU2QNKE[QH/CZKOKPWU&C\C #&  KP0%XGTIN0TWPF 445GJTUEJÌPUEJÌP



“U#PVKQEJKC1HHK\KPI,WRKVGTUKV\VNOKV)NQDWUWPF<GRVGT8KEVQTKCIGJVNOKV-TCP\ WPF2CNO\YGKIXCP*GGUEJ6JG.CUV%KXKE%QKPCIGUCPFVJG4GNKIKQWU2QNKE[QH/CZKOKPWU&C\C #&  KP0%0T 5GJTUEJÌP



“U#PVKQEJKC1HHK\KPI,WRKVGTUKV\VNOKV)NQDWUWPF<GRVGT8KEVQTKCIGJVNOKV-TCP\ WPF2CNO\YGKIXCP*GGUEJ6JG.CUV%KXKE%QKPCIGUCPFVJG4GNKIKQWU2QNKE[QH/CZKOKPWU&C\C #&  KP0%0T 5GJTUEJÌP



“U  #PVKQEJKC  1HHK\KP  I #PVKQEJKC UKV\V X X CWH (GNUGP FCXQT UEJYKOOV 1TQPVGU   #RQNNQUVGJVNOKV2CVGTCWPF.[TCXCP*GGUEJ6JG.CUV%KXKE%QKPCIGUCPFVJG4GNKIKQWU2QNKE[QH /CZKOKPWU&C\C #& KP0%0T 5GJTUEJÌP



“U  #PVKQEJKC  I #PVKQEJKC UKV\V X X CWH (GNUGP WPVGP UEJYKOOGPFGT (NW­IQVV 1TQPVGU   #RQNNQUVGJVNOKV2CVGTCWPF.[TCXCP*GGUEJ6JG.CUV%KXKE%QKPCIGUCPFVJG4GNKIKQWU2QNKE[QH /CZKOKPWU&C\C #& KP0%0TC 5GJTUEJÌP



1884 Æ



1,5:1

/CZKOKPWU++&CKCÔ#WTGWU5GTFKECI-QRHTOKV.QTDGGTMTCP\-CKUGT UVGJVNOKV)NQDWUWPF<GRVGTFCJKPVGT\YGK5VCPFCTVGP%CNKEQ4+%D 4(CUVXQT\ÒINKEJ

1879 Æ



1878 Å



1885 Æ

1886 Æ

/CZGPVKWUHÒT&KXWU4QOWNWU“(QNNKU1UVKC1HHK\KPI-QRHT)TCD OQPWOGPV4+% 45GJTUEJÌP



/ÌINKEJGTYGKUG KUV FCU CWH FKGUGT WPF FGT HQNIGPFGP /ÒP\G FCTIGUVGNNVG VGORNWO FKXK 4QOWNK CNU 8QTDCW FGT   -KTEJGFGT*N-QUOCUWPF&COKCPWUGTJCNVGPIGDNKGDGP



“(QNNKUWO4QOI-QRHT)TCDOQPWOGPV4+%



.KEKPKWU+“(QNNKU0KEQOGFKC1HHK\KPI-QRHTOKV.QTDGGTMTCP\5QNUVGJV NOKVGTJQDGPGT4GEJVGPWPF-QRHFGU5CTCRKU4+%C 5KNDGTUWFXQT\ÒINKEJGU2TCEJVGZGORNCT

45GJTUEJÌP

  215


1888 Å

1887 Æ

1,5:1



“(QNNKU  %[\KEWU  1HHK\KP  I &TCRKGTVG $ÒUVG N OKV .QTDGGTMTCP\ )NQDWU <GRVGT   WPF/CRRC,WRKVGTUVGJVNOKV8KEVQTKCCWH)NQDWUWPF<GRVGT4+% 8QT\ÒINKEJ





%QPUVCPVKPWU +  Ô5QNKFWU  6TGXGTK  I -QRH T OKV .QTDGGTMTCP\-CKUGT   UVGJVTOKV5RGGTWPF)NQDWU4+% 4*GPMGNURWTUEJÌPpUGJTUEJÌP



1,5:1





1889 Å

1890 Æ

1,5:1

Ô5GOKUUKU4QOI)GRCP\GTVG$ÒUVGTOKV.QTDGGTMTCP\8$+38'8+%614'5-CKUGT UVGJVTOKV5RGGTWPF)NQDWU\YKUEJGP\YGK)GHCPIGPGP&GRG[TQV4+%  8QPCNNGTITÌ­VGT5GNVGPJGKV8QT\ÒINKEJGU'ZGORNCT



“(QNNKU5KTOKWOI-QRHTOKV.QTDGGTMTCP\8KEVQTKCIGJVTOKV6TQRJ·GWPF2CNO \YGKIFCXQT)GHCPIGPGT4+% 8QT\ÒINKEJ



1891 Å

1,5:1





1892

1,5:1

HÒT%QPUVCPVKPWU++Ô5QNKFWU6KEKPWOI%1056#06+085+8001$%&TCRKGTVG $ÒUVGTOKV.QTDGGTMTCP\24+0%+2++88'0686+52TKP\UVGJVNOKV5VCPFCTVGWPF5VCD-QRHTT 5VCPFCTVG4+%XGTIN 8QPITQ­GT5GNVGPJGKV5EJGKPVWPGFKGTV 7PDGFGWVGPFG5EJÒTHURWTCWHFGO4GXGTUUQPUVXQT\ÒINKEJGU2TCEJVGZGORNCT



HÒT&GNOCVKWUÕ5KNKSWC6JGUUCNQPKECI-QRHTOKV&KCFGO8KEVQTKCIGJVNOKV -TCP\WPF2CNO\YGKI4+% 8QPITQ­GT5GNVGPJGKV-N5EJTÌVNKPIUTK­UGJTUEJÌP



1893 Æ

1894 Æ

1895 Æ

1896 Å



HÒT*CPPKDCNKCPWU“(QNNKU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGT'WRJTCVNCIGTVT OKV<GRVGTWPF3WGNNWTPGFCJKPVGT5EJKNHUVCWFG4+% 48QT\ÒINKEJ





HÒT*GNGPC“(QNNKU6TKGTI&TCRKGTVG$ÒUVGTOKV&KCFGO5GEWTKVCUUVGJVNOKV <YGKI4+% 8QT\ÒINKEJ





“(QNNKU*GTCENGC1HHK\KPI&TCRKGTVG$ÒUVGTOKV&KCFGO5GEWTKVCUUVGJVNOKV <YGKI4+% 8QT\ÒINKEJ





%QPUVCPU  Ô5QNKFWU  6TGXGTK  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO<YGK   8KEVQTKGPJCNVGP5EJKNFOKVFGT#WHUEJTKHV816:/8.6::4+% 8QT\ÒINKEJ



216


1897 Å 1,5:1

1,5:1



Ô5QNKFWU  6JGUUCNQPKEC  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO<YGK 8KEVQTKGP JCNVGP   5EJKNFOKV816:/8.::4+% 4-NGKPG*GPMGNURWTXQT\ÒINKEJ 

1898 Å



1899 Å

1901

1900 Å

1902 Æ

%QPUVCPVKWU++Ô5QNKFWU#PVKQEJKC1HHK\KPI&TCRKGTVG$ÒUVGTOKV2GTN FKCFGO4QOCWPF%QPUVCPVKPQRQNKUUKV\GPUKEJIGIGPÒDGTWPFJCNVGP5EJKNFOKV816::/8.6::: 4+% (CUVXQT\ÒINKEJXQT\ÒINKEJ





Ô5QNKFWU6TGXGTKI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO<YGK8KEVQTKGPJCNVGP5EJKNF OKVFGT#WHUEJTKHV816::/8.6:::4+% 448QT\ÒINKEJGU'ZGORNCT





Ô5QNKFWU#PVKQEJKC1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF5EJKNF 4QOC WPF %QPUVCPVKPQRQNKU UKV\GP UKEJ IGIGPÒDGT WPF JCNVGP 5EJKNF OKV 816:::/8.6::::   4+% 4-N-TCV\GTUGJTUEJÌP





Õ5KNKSWC5KTOKWOI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO816+5:::/8.6+5:::: KP-TCP\4+% 5GJTUEJÌP





8GVTCPKQ“/CKQTKPC5KUEKC1HHK\KPI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\-CKUGT UVGJVXXOKV\YGK%JTKUVQITCOOUVCPFCTVGP4+%  &WPMGNITÒPG2CVKPCCO4CPFGVYCUIGFTÒEMVXQT\ÒINKEJ



8GVTCPKQGKP1HHK\KGTFGU%QPUVCPVKWU++JCVVGUKEJKP2CPPQPKGP\WO#WIWUVWUCWUTWHGPNCUUGPWO\WXGTOGKFGP FC­ FKG $CNMCP2TQXKP\GP CP /CIPGPVKWU HKGNGP #NU %QPUVCPVKWU ++ XQO 2GTUGTHGNF\WI \WTÒEMMGJTVG VTCV GT CP   9GKJPCEJVGP\WTÒEMWPFUVCTDUGEJU,CJTGUR·VGTKP2TWUCKP$KVJ[PKGP

1903 Æ

1904 Æ

1905 Æ

1906 Æ



“/CKQTKPC5KUEKC1HHK\KPI&TCRKGTVG$ÒUVGTOKV.QTDGGTMTCP\-CKUGTUVGJVNOKV%JTK UVQITCOOUVCPFCTVGXQP8KEVQTKCDGMT·P\V4+% 4CPFHGJNGTXQT\ÒINKEJ





/CIPGPVKWU“/CKQTKPC#ODKCPWOI&TCRKGTVG$ÒUVGT<YGK8KEVQTKGPJCNVGP 5EJKNFOKVFGT#WHUEJTKHV8168/8.6:4+% $TCWPG2CVKPCUGJTUEJÌP





“&QRRGNOCKQTKPC6TGXGTKI&TCRKGTVG$ÒUVGT%JTKUVQITCOO\YKUEJGP#NRJCWPF1OGIC 4+% $TCWPG2CVKPCUGJTUEJÌP





,WNKCPWU++#RQUVCVC“&QRRGNOCKQTKPC.WIFWPWO1HHK\KPI&TCRKGTVG $ÒUVGTOKV2GTNFKCFGO5VKGTUVGJVT4+% &WPMGNDTCWPG2CVKPCIWVGUUGJTUEJÌP

 217


1908 Æ

1907 Æ



“&QRRGNOCKQTKPC%QPUVCPVKPQRQNKU1HHK\KPI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO5VKGT UVGJVT4+% .GKEJVIGIN·VVGVFWPMNG2CVKPCUGJTUEJÌP





“&QRRGNOCKQTKPC%[\KEWU1HHK\KPI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO5VKGTUVGJV T4+% 'VYCU5KNDGTUWFHCUVXQT\ÒINKEJ



1911

1910 Æ

1909 Æ



“&QRRGNOCKQTKPC5KTOKWO1HHK\KPI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO5VKGTUVGJV T4+% $TCWPG2CVKPCUGJTUEJÌP





“%GPVGPKQPCNKU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGNOKV*GNO2GTNFKC FGO5RGGTWPF5EJKNF816:/8.6::KO.QTDGGTMTCP\4+% 8QT\ÒINKEJ





Õ5KNKSWC  .WIFWPWO  I&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO816+58/8.6+5:KP -TCP\4+% 5GJTUEJÌP



1913 Å

1912 Æ

1914 Æ



“&QRRGNOCKQTKPC  #PVKQEJKC  1HHK\KP  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO5VKGT   UVGJVTFCTÒDGT\YGK5VGTPG4+% 5GJTUEJÌP





,QXKCPWU  Ô5QNKFWU 5KTOKWO  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO-CKUGT UVGJV N   OKV%JTKUVQITCOOUVCPFCTVGWPF)NQDWU4+% 4)TCHKVVKCWHFGT4ÒEMUGKVGUGJTUEJÌP





“&QRRGNOCKQTKPC%QPUVCPVKPQRQNKU1HHK\KPI&TCRKGTVG$ÒUVGTOKV4QUGVVGPFKCFGO-CKUGT UVGJVXXOKV.CDCTWOWPF8KEVQTKCCWH)NQDWU4+% (WPFDGNCIUGJTUEJÌP



1915 Æ

1916 Å

1917 Å



“%GPVGPKQPCNKU 5KTOKWO  I&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO8168/8.6:KO.QTDGGT MTCP\4+% 8QT\ÒINKEJHCUVXQT\ÒINKEJ





8CNGPVKPKCPWU+Ô5QNKFWU6TGXGTKI&TCRKGTVG$ÒUVGTOKV4QUGVVGPFKCFGO <YGK-CKUGTUKV\GPXXOKV)NQDWUFCJKPVGT8KEVQTKC4+%D (CUVXQT\ÒINKEJ





Ô5QNKFWU6TGXGTKI&TCRKGTVG$ÒUVGTOKV4QUGVVGPFKCFGO<YGK-CKUGTUKV\GPXX OKV)NQDWUFCJKPVGT8KEVQTKC4+%D (CUVXQT\ÒINKEJ



218


1918 Å

1919 Å

1920

1921

1922 Æ



Ô5QNKFWU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGTOKV4QUGVVGPFKCFGO8KEVQTKCUKV\VT WPFUEJTGKDV8168/8.:CWH5EJKNF4+%C 448QT\ÒINKEJ 



8CNGPUÔ5QNKFWU6TGXGTKI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO<YGK-CKUGT UKV\GPXXOKV)NQDWUFCJKPVGT8KEVQTKC4+%C )WVGUUGJTUEJÌP



Õ/KNKCTGPUGNGKEJV6TGXGTKI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO8KEVQTKCUVGJVTWPF UEJTGKDV 8168/8.6+5: CWH GKPGP 5EJKNF FGT CWH GKPGT 5·WNG UVGJV 4+%  FKGU 'ZGORNCT GT   Y·JPV  448QT\ÒINKEJ 



'ZGORNCTFGT#WMVKQP,*KTUEJ/ÒPEJGP0T



Õ5KNKSWC6TGXGTK1HHK\KPI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO4QOCUKV\VNOKV 8KEVQTKCCWH)NQDWUWPF5RGGT4+%G &QRRGNUEJNCIUGJTUEJÌP





2TQEQRKWU“%GPVGPKQPCNKU%QPUVCPVKPQRQNKU1HHK\KPI&TCRKGTVG$ÒUVGNOKV2GTN FKCFGO-CKUGTUVGJVXXOKV.CDCTWOWPF5EJKNFFCTÒDGT%JTKUVQITCOO4+%C 45GJTUEJÌP



2TQEQRKWUYCT-QOOCPFCPVGKPGU6TWRRGPVGKNUKO2GTUGTMTKGI#NU8CNGPUPCEJ5[TKGP\QIYWTFGGTXQPWP\W HTKGFGPGP 6TWRRGP \WO -CKUGT RTQMNCOKGTV WPF ICD XQT GKP 8GTYCPFVGT ,WNKCPU \W UGKP +P FGT 5EJNCEJV DGK   0CEQNGKC KP 2JT[IKGP WPVGTNCI GT8CNGPUPCEJFGOUGKPGIGTOCPKUEJGP*KNHUVTWRRGPKJPXGTNCUUGPJCVVGP'TYWTFG JKPIGTKEJVGVWPFXGTHKGNKO/CKFGTFCOPCVKQOGOQTKCG

1923 Å

1925 Æ

1924



)TCVKCPWU  Ô5QNKFWU  6TGXGTK  1HHK\KP  I &TCRKGTVG $ÒUVG T OKV 4QUGV   VGPFKCFGO<YGK-CKUGTUKV\GPXXOKV)NQDWUFCJKPVGT8KEVQTKC4+%I 5GJTUEJÌP





Õ5KNKSWC  6TGXGTK  1HHK\KP  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO4QOC UKV\V X X   OKV)NQDWUWPF<GRVGT4+%C (GKPG2CVKPCUGJTUEJÌPpXQT\ÒINKEJ





“0WOOWU  0KEQOGFKC  1HHK\KP  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO+O -TCP\   816::/8.6:::4+%C &WPMGNITÒPG2CVKPCXQT\ÒINKEJGU2TCEJVGZGORNCT



1926 Å

1927 Å

1928 Å

1929 Å



8CNGPVKPKCPWU ++  Ô5QNKFWU  6TGXGTK  1HHK\KP  I &TCRKGTVG $ÒUVG T OKV   2GTNFKCFGO<YGK-CKUGTUKV\GPXXOKV)NQDWUFCJKPVGT8KEVQTKC4+%G 5GJTUEJÌP





6JGQFQUKWU+Ô5QNKFWU6TGXGTKI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO<YGK -CKUGTUKV\GPXXOKV)NQDWUFCJKPVGT8KEVQTKC4+% 4(CUVXQT\ÒINKEJ





Ô5QNKFWU5KTOKWO1HHK\KPI&TCRKGTVG$ÒUVGTOKV4QUGVVGPFKCFGO-CKUGTUVGJV TOKV8KEVQTKCWPF)NQDWU(W­CWH)GHCPIGPGO4+%XGTINC 8QT\ÒINKEJ





Ô5QNKFWU5KTOKWO1HHK\KPI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO-CKUGTUVGJVTOKV 5VCPFCTVGWPF8KEVQTKCCWH)NQDWU(W­CWH)GHCPIGPGO4+%C 4CPFHGJNGTUGJTUEJÌPpXQT\ÒINKEJ

 219


1930 Æ 1931 Å 1,5:1

1,5:1





 HÒT #GNKC (NCEEKNNC “*CNDEGPVGPKQPCNKU  %QPUVCPVKPQRQNKU  1HHK\KP  I &TCRKGTVG   $ÒUVG T OKV 2GTNFKCFGO8KEVQTKC UKV\V T UEJTGKDV %JTKUVQITCOO CWH 5EJKNF FGT CWH 5·WNG UVGJV   4+% 5GJTUEJÌPGU'ZGORNCT



/CIPWU /CZKOWU  Ô5QNKFWU  6TGXGTK  I &TCRKGTVG $ÒUVG T OKV 4QUGVVGP   FKCFGO<YGK-CKUGTUKV\GPXXOKV)NQDWUFCJKPVGT8KEVQTKC4+%D  4-NGKPG2TÒHUVGNNGCWHFGO4GXGTUXQT\ÒINKEJ 

1932

1933 Æ

1934

1,5:1

1,5:1



Õ5KNKSWC6TGXGTKI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO4QOCUKV\VXXOKV)NQDWU WPF5RGGT4+%D 8QT\ÒINKEJ





(NCXKWU8KEVQT“0WOOWU#SWKNGKCI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO.CIGTVQT \YKUEJGPFGP6ÒTOGP5VGTP4+%D 5GJTUEJÌP





'WIGPKWUÕ5KNKSWC6TGXGTKI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO4QOCUKV\VNCWH 2CP\GTOKV8KEVQTKCCWH)NQDWUWPF5RGGT4+%F 4-N5EJTÌVNKPIUTK­IWVGUUGJTUEJÌP



0CEJ FGO 6QF FGU 8CNGPVKPKCP ++ GTJQD FGT OCIKUVGT OKNKVWO #TDQICUV 'WIGPKWU \WO #WIWUVWU 'WIGPKWU FGT   GKIGPVNKEJ GKP %JTKUV YCT YCPFVG UKEJ DCNF GKPGT TÌOGTHTGWPFNKEJGP 4GNKIKQPURQNKVKM \W FGT #NVCT FGT 8KEVQTKC   YWTFGKPFKG%WTKC\WTÒEMIGDTCEJV6GORGNYWTFGPYKGFGTIGÌHHPGVTGNKIKÌUG(GUVGIGHGKGTVWPF1RHGTFCTIGDTCEJV OCTUEJKGTVG6JGQFQUKWU+IGIGP'WIGPKWUWPFCO5GRVGODGTVTCHGPUKEJFKG*GGTGCO(TKIKFWU 9KRRCEJ  #TDQICUV NKG­ ,WRKVGTUVCVWGP CWHUVGNNGP FGTGP $NKV\G PCEJ 1UVGP IGTKEJVGV YCTGP CWH FGP 5VCPFCTVGP FGT 6TWRRGP   YWTFGP $KNFGT FGU *GTEWNGU CPIGDTCEJV &GT 5EJNCEJVXGTNCWH YCT CO GTUVGP 6CIG IÒPUVKI FKG 6TWRRGP FGU   6JGQFQUKWU YWTFGP UVCTM FG\KOKGTV 0CEJ GKPGO XQT CNNGT #WIGP XQNN\QIGPGP )GDGV FGU 6JGQFQUKWU DTCEJVG GKP   9GVVGTWOUEJYWPI CO  5GRVGODGT FKG 9GPFG FKG 6TWRRGP FGU 'WIGPKWU YWTFGP XGTPKEJVGV GT UGNDUV   IGHCPIGPIGPQOOGP WPF IGVÌVGV FGT RTQOKPGPVG 5GPCVQT WPF 2T·VQTKCPGTRT·HGMV 8KTKWU 0KEQOCEJWU (NCXKCPWU FGT    NKGDGT UVGTDGP YQNNVG CNU UGKPG 4QOCPKVCU CWH\WIGDGP Y·JNVG FGP (TGKVQF /KV FGO 4KPIGP CO (TKIKFWU FCU FGP    %JCTCMVGTGKPGU4GNKIKQPUMTKGIGUJCVVGUGV\VGUKEJFCU%JTKUVGPVWOKOTÌOKUEJGP4GKEJRQNKVKUEJGPFIÒNVKIFWTEJ

1936 Å

1935

1937 Å

1938 Å

1,5:1



Õ5KNKSWC 6TGXGTK  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO4QOC UKV\V N CWH 2CP\GTOKV8KEVQTKC CWH)NQDWUWPF5RGGT4+%F 4-N5EJTÌVNKPIUTK­IWVGUUGJTUEJÌP





#TECFKWUÔ5QNKFWU/GFKQNCPWOI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO-CKUGT UVGJVTOKV5VCPFCTVGWPF8KEVQTKCCWH)NQDWU(W­CWH)GHCPIGPGO4+%D (CUVXQT\ÒINKEJ





Ô5QNKFWU6JGUUCNQPKECI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF5EJKNF%QP UVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCN#FNGTMQRH4+% 44)WVGUXQT\ÒINKEJ





Ô5QNKFWU6JGUUCNQPKECI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF5EJKNF%QP UVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCCWH)NQDWU4+% 448QT\ÒINKEJ



220


1,5:1



1939 Å

1,5:1

*QPQTKWUÔ5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXX OKV*GNO5EJKNFWPF5RGGT%QPUVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCCWH)NQDWU(W­CWH 2TQTC4+% 8QT\ÒINKEJ

1940 Å

1941 Å

1942 Å

1943 Å



1944 Å



Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO5EJKNFWPF 5RGGT%QPUVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCCWH)NQDWU(W­CWH2TQTC4+%5GJTUEJÌP





Ô5QNKFWU  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO-CKUGT UVGJV T OKV 5VCP   FCTVGWPF8KEVQTKCCWH)NQDWU(W­CWH)GHCPIGPGO4+% )WVGUUGJTUEJÌP





Ô5QNKFWU  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO-CKUGT UVGJV T OKV 5VCP   FCTVGWPF8KEVQTKCCWH)NQDWU(W­CWH)GHCPIGPGO4+% )WVGUUGJTUEJÌP





Ô5QNKFWU  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO-CKUGT UVGJV T OKV 5VCP   FCTVGWPF8KEVQTKCCWH)NQDWU(W­CWH)GHCPIGPGO4+% 5GJTUEJÌP





Ô5QNKFWU  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO-CKUGT UVGJV T OKV 5VCP   FCTVGWPF8KEVQTKCCWH)NQDWU(W­CWH)GHCPIGPGO4+% 5GJTUEJÌP



1945 Å

1946 Å

1947 Å

1948 Å

1949 Å



Ô5QNKFWU4CXGPPCI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO-CKUGTUVGJVTOKV5VCPFCTVG WPF8KEVQTKCCWH)NQDWU(W­CWH)GHCPIGPGO4+%-N)TCHKVVKCWHFGO#XGTUIWVGUUGJTUEJÌP





Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV *GNO 5RGGT   WPF 5EJKNF%QPUVCPVKPQRQNKU UKV\V X X OKV <GRVGT WPF 8KEVQTKC CWH )NQDWU (W­ CWH 2TQTC N 5VGTP   4+% 8QT\ÒINKEJ



Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV *GNO 5EJKNF   WPF5RGGT%QPUVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCCWH)NQDWU4+%  4#VVTCMVKXGU'ZGORNCTUGJTUEJÌPpXQT\ÒINKEJ





Ô5QNKFWU PCEJ  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO-CKUGT UVGJV T OKV 5VCP   FCTVGWPF8KEVQTKCCWH)NQDWU(W­CWH)GHCPIGPGO4+% 8QT\ÒINKEJ





Ô5QNKFWU PCEJ  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO-CKUGT UVGJV T OKV 5VCP   FCTVGWPF8KEVQTKCCWH)NQDWU(W­CWH)GHCPIGPGO4+% .GKEJVIGYGNNVUGJTUEJÌP





221


1950 Å

1951 Æ

1952 Å



Ô6TGOKUUKU4CXGPPCI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO8KEVQTKCIGJVNOKV-TCP\WPF-TGW\ INQDWU4+%XCT -N4CPFHGJNGTNGKEJVIGYGNNVUGJTUEJÌP





%QPUVCPVKPWU+++“*CNDUKNKSWCI$ÒUVGTOKV&KCFGO-TGW\FCTWPVGT/QPFUKEJGN FCTWO6TWIUEJTKHV #PVKMGT*GPMGNUGJTUEJÌP



8GTOWVNKEJJCPFGNVGUUKEJWOGKPGPDCTDCTKUKGTVGP$GKUEJNCIFGT1UVIQVGPKP$TQP\G8GTIN4+%



6JGQFQUKWU++Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXX OKV*GNO5RGGTWPF5EJKNF%QPUVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCCWH)NQDWU4+%   (CUVXQT\ÒINKEJ

1953 Å



1954 Å



1956 Å

1955 Å

Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF 5EJKNF%QPUVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCCWH)NQDWUN5VGTP4+%  )WVGUUGJTUEJÌP





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF5EJKNF %QPUVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCCWH)NQDWUN5VGTP4+% )WVGUUGJTUEJÌP





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF 5EJKNF%QPUVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCCWH)NQDWUN5VGTP4+%)WVGUUGJTUEJÌP





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF 5EJKNF%QPUVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF8KEVQTKCCWH)NQDWUN5VGTP4+% 8QT\ÒINKEJ



1,5:1

1959 Å

1958 Å

1957 Å

1,5:1



Ô6TGOKUUKU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO8KEVQTKCOKV-TCP\ WPF-TGW\INQDWUXXT5VGTP4+% 5VGORGNINCP\





Ô6TGOKUUKU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO8KEVQTKCOKV-TCP\ WPF-TGW\INQDWUXXT5VGTP4+% 8QT\ÒINKEJ





Ô6TGOKUUKU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO8KEVQTKCOKV-TCP\ WPF-TGW\INQDWUXXT5VGTP4+% )WVGUUGJTUEJÌP



1960 Å 1,5:1

 222

1,5:1

Ô5QNKFWU%QPUVCPVKPQRQNKUI)GRCP\GTVG$ÒUVGTOKV*GNO2GTNFKCFGO5RGGTWPF5EJKNF 4QOCWPF%QPUVCPVKPQRQNKUUKV\GPXXOKV5EJKNFFCTCWH816:8/8.::4+%48QT\ÒINKEJ




1961 Å

1962 Å

1965 Å

1963 Å

1964 Å



Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV *GNO 5RGGT   WPF5EJKNF8KEVQTKCUVGJVNOKV-TGW\4+% 4.GKEJVIGYGNNVUGJTUEJÌP





Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV *GNO 5EJKNF   WPF5RGGT%QPUVCPVKPQRQNKUUKV\VNOKV-TGW\INQDWUWPF<GRVGTFCJKPVGT5VGTP4+%  8QTFGTUGKVG-TCV\GTIWVGUUGJTUEJÌP



Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV *GNO 5EJKNF   WPF5RGGT%QPUVCPVKPQRQNKUUKV\VNOKV-TGW\INQDWUWPF<GRVGTFCJKPVGT5VGTP4+%  5VGORGNHTKUEJGU2TCEJVGZGORNCT





Ô5QNKFWU%QPUVCPVKPQRQNKUQJPG1HHK\KPCPICDGI)GRCP\GTVG$ÒUVGXXOKV*GNO 5EJKNFWPF5RGGT%QPUVCPVKPQRQNKUUKV\VNOKV-TGW\INQDWUWPF<GRVGT4+% (CUVUVGORGNHTKUEJ





 HÒT #GNKC 'WFQEKC Ô6TGOKUUKU  %QPUVCPVKPQRQNKU  I &TCRKGTVG $ÒUVG T OKV 2GTN   FKCFGO-TGW\KP-TCP\4+% 4(CUVXQT\ÒINKEJ





1966



HÒT#GNKC2WNEJGTKCÕ/KNKCTGPUGNGKEJVWO%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGT OKV&KCFGO+P-TCP\%JTKUVQITCOO*CJP/+4$4+%  9QJNWPGFKGTV8QPITQ­GT5GNVGPJGKV(WPFGZGORNCTUGJTUEJÌP  #GNKC 2WNEJGTKC YCT FKG ·NVGUVG 5EJYGUVGT FGU -CKUGTU 5KG ÒDGTPCJO  OKV  ,CJTGP FKG 4GIGPVUEJCHV KP   1UVTQOPCEJFGOFGT2T·VQTKCPGTRT·HGMV#PVJGOKWUWPFFGT'WPWEJ#PVKQEJWUGPVOCEJVGVYQTFGPYCTGP

1,5:1



1967 Å

Ô5QNKFWU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGTOKV&KCFGOIGMTÌPVXQPFGT*CPF )QVVGU%QPUVCPVKPQRQNKUUKV\VNOKV-TGW\INQDWUWPF<GRVGTN5VGTP4+%  448QT\ÒINKEJGU'ZGORNCT

1968 Å



1,5:1



1969 Å

8CNGPVKPKCPWU+++Ô5QNKFWU4CXGPPCI&TCRKGTVG$ÒUVGTOKV4QUGVVGPFKC FGO-CKUGTUVGJVXXOKV.CPIMTGW\WPF8KEVQTKCCWH)NQDWU(W­CWHOGPUEJGPMÌRHKIGT5EJNCPIG 4+% 4(CUVXQT\ÒINKEJ



&KGOGPUEJGPMÌRHKIG5EJNCPIGU[ODQNKUKGTVFGP6GWHGN



Ô5QNKFWU  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 4QUGVVGPFKCFGO-CKUGT UVGJV X X OKV   -TGW\WPF8KEVQTKCCWH)NQDWU(W­CWH5EJNCPIGOKV/GPUEJGPMQRH4+% 8QT\ÒINKEJ

 223


1970 Å

1971 Å

1972 Å

1973 Å



Ô5QNKFWU  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 4QUGVVGPFKCFGO-CKUGT UVGJV X X OKV   -TGW\WPF8KEVQTKCCWH)NQDWU(W­CWH5EJNCPIGOKV/GPUEJGPMQRH4+% 8QT\ÒINKEJ





Ô5QNKFWU  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 4QUGVVGPFKCFGO-CKUGT UVGJV X X OKV   -TGW\WPF8KEVQTKCCWH)NQDWU(W­CWH5EJNCPIGOKV/GPUEJGPMQRH4+%  -TCV\GTCWH4ÒEMUGKVGUGJTUEJÌP



Ô5QNKFWU  4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 4QUGVVGPFKCFGO-CKUGT UVGJV X X OKV   -TGW\WPF8KEVQTKCCWH)NQDWU(W­CWH5EJNCPIGOKV/GPUEJGPMQRH4+%  )TCHHKVKCWH8QTFGTUGKVGUGJTUEJÌP



Ô5QNKFWU  4QO  I &TCRKGTVG $ÒUVG T OKV 4QUGVVGPFKCFGO-CKUGT UVGJV X X OKV   -TGW\UVCDWPF8KEVQTKCCWH)NQDWU(W­CWHOGPUEJGPMÌRHKIGT5EJNCPIG4+% 5GJTUEJÌP







1976 Å

1975 Å

1974 Å



Ô6TGOKUUKU4QOQFGT4CXGPPCI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO-TGW\KO-TCP\4+%  44WPTGIGNO·­KIGT4CPFUGJTUEJÌP





Ô6TGOKUUKU 4QO QFGT 4CXGPPC  I &TCRKGTVG $ÒUVG T OKV 4QUGVVGPFKCFGO-TGW\ KO -TCP\   4+% 44WPTGIGNO·­KIGT4CPFUGJTUEJÌP





Ô6TGOKUUKU4QOQFGT4CXGPPCI&TCRKGTVG$ÒUVGTOKV4QUGVVGPFKCFGO-TCP\&CU-TGW\KUV CWUIGMTCV\V4+% 445GJTUEJÌP



8GTOWVNKEJJCPFGNVGUUKEJDGKFGT'PVHGTPWPIFGU-TGW\GUCWHFGT4ÒEMUGKVGWOGKPGJGKFPKUEJG4GCMVKQP

1,5:1



1,5:1

Õ 5KNKSWC 4QO 4CXGPPC !   I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO8KEVQTKC IGJV N OKV   -TCP\WPF2CNODNCVV4+% 44(GKPG2CVKPCIWVGUUGJTUEJÌP

1978 Å



1977

1,5:1

1978 Å

8CNGPVKPKCPWU+++HÒT)CNNC2NCEKFKCÔ5QNKFWU4CXGPPCI&TCRKGTVG$ÒUVG TOKV2GTNFKCFGOIGMTÌPVXQPFGT*CPF)QVVGU8KEVQTKCUVGJVNOKV.CPIMTGW\4+%  448QT\ÒINKEJ #GNKC )CNNC 2NCEKFKC GKPG 6QEJVGT FGU 6JGQFQUKWU + WPF FGT )CNNC GKPG *CNDUEJYGUVGT FGT -CKUGT #TECFKWU WPF   *QPQTKWUYWTFGWOIGDQTGP+O,CJTGYWTFGUKGXQPFGP)QVGPCNU)GKUGNIGPQOOGPJGKTCVGVG UKGFGP)QVGPMÌPKI#VCWNH0CEJFGUUGP6QF\WP·EJUVYKGFGTGKPG)GKUGNYWTFGUKGIGIGP/QFKK)GVTGKFG XQPFGP$CTDCTGPHTGKIGNCUUGPWPFJGKTCVGVGFGP)GPGTCN%QPUVCPVKWUFGTFGP2WTRWTCPUKEJTK­(ÒTKJTGP 5QJP 8CNGPVKPKCPWU +++ FGT  CNU 5GEJUL·JTKIGT FGP 6JTQP DGUVKGI HÒJTVG UKG \YÌNH ,CJTG NCPI FKG 4GIKGTWPIU   IGUEJ·HVG +P 4CXGPPC JCV )CNNC 2NCEKFKC XKGNG \WO 6GKN PQEJ JGWVG GTJCNVGPG UCMTCNG $CWVGP GTTKEJVGP NCUUGP 5KG   UVCTDCOKP4QO

224






1979 Å

1980 Å

1981 Å

1982

1983 Å



/CTEKCPWU  Ô5QNKFWU %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV   *GNO5RGGTWPF5EJKNF8KEVQTKCUVGJVNOKV-TGW\UVCDT5VGTP4+% 4)TCHHKVKUGJTUEJÌP





.GQ+Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV *GNO5RGGTWPF5EJKNF8KEVQTKCUVGJVNOKV-TGW\FCJKPVGT5VGTP4+% 5GJTUEJÌP





Ô6TGOKUUKU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGTOKV&KCFGO8KEVQTKCIGJVTOKV -TCP\WPF-TGW\INQDWUT5VGTP4+% &TWEMUVGNNGXQT\ÒINKEJUGJTUEJÌP





Õ 5KNKSWC  %QPUVCPVKPQRQNKU  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO.GIGPFG KP .QT   DGGTMTCP\4+%XGTIN 4.GKEJVXGTRT·IVUGJTUEJÌP





<GPQÔ6TGOKUUKU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGTOKV&KCFGO8KE VQTKCIGJVTOKV-TCP\WPF-TGW\INQDWUT5VGTP4+%XCT 5GJTUEJÌP



.1654¤/+5%*'4/ª0<'0 

4ÌOKUEJG 2TQXKP\KCNRT·IWPIGP &CU .QV GPVJ·NV PGDGP 6GVTCFTCEJOGP CWU #NGZCPFTKC W C 0GTQ   )CNDC 8GURCUKCPWU 6TCKCPWU *CFTKCPWU WPF #PVQPKPWU 2KWU  WPF #PVKQEJKC 8GURCUKCPWU  FKXGTUG   $TQP\GP FCDGK CWEJ KPVGTGUUCPVGTG 5VÒEMG YKG GKP “U FGU /CTEWU #PVQPKWU CWU 2JKNKRRK 42%     \YGK )TQ­DTQP\GP FGU #WIWUVWU CWU #PVKQEJKC GKP “UXQP%NCWFKWUWPF#ITKRRKPCCWU/QUVGPGGKP “UFGU0GTQCWU#PM[TCUQYKGGKPG)TQ­DTQP\GFGU#GNKWUCWU'RJGUQU 50)%QR   5VÒEM5EJÌPpUGJTUEJÌP



.QV &GPCTG &CU .QV GPVJ·NV XKGT &GPCTG FGT TÌOKUEJGP 4GRWDNKM W C % 5GTXKNKWU 8CVKC % %CN   RWTPKWU2KUQ UQYKGUGEJU&GPCTGFGTTÌOKUEJGP-CKUGT\GKVXQP&QOKVKCPWUÒDGT*CFTKCPWUDKU#PVQPK PWU+8'NCICDCN+PVGTGUUCPVGU.QVFCUDGUKEJVKIVYGTFGPUQNNVG  5VÒEM/GKUVUGJTUEJÌPVGKNUDGUUGT





2TQXKP\KCNRT·IWPIGP&CU.QVGPVJ·NVWC2T·IWPIGPFGU#WIWUVWUFGU0GTQFGT2NQVKPCUQYKGFGU /CTEWU#WTGNKWUCWU6JTCMKC.[FKCWPF%KNKEKC+PVGTGUUCPV 5VÒEM5EJÌPpUGJTUEJÌP





&GPCTG FGT TÌOKUEJGP 4GRWDNKM &CU .QV GPVJ·NV JÒDUEJG &GPCTG OKV GKPKIGP KPVGTGUUCPVGP &CTUVGN   NWPIGP \$MTGVKUEJG<KGIG$CEEJKWU+WFCGWU (QNIGPFG%TCYHQTF0WOOGTPUKPFXGTVTGVGP DC 5VÒEM5GJTUEJÌPpXQT\ÒINKEJ





.QV TÌOKUEJGT 2TQXKP\KCNRT·IWPIGP &CU .QV GPVJ·NV W C 2T·IWPIGP FGU #WIWUVWU FGU 0GTQ WPF   FGU)GVCCWU+QPKGP2JT[IKGPWPF.[FKGP 5VÒEM5GJTUEJÌP





5COONWPI TÌOKUEJGT $TQP\GOÒP\GP 'PVJCNVGP UKPF 2T·IWPIGP XQP FGT 4GRWDNKM  #GU ITCXG  DKU   KPU FTKVVG ,CJTJWPFGTV P %JT W C 0GOCWUWU #UUG GKP #U FGU %CNKIWNC HÒT #ITKRRC GKP #U FGU   0GTQ OKV ,CPWU6GORGN FTGK XGTUEJKGFGPG $TQP\GP FGU 2QUVWOWU #WEJ GKPKIG UGNVGPGTG 4ÒEMUGKVGP   FCTUVGNNWPIGP UKPF XGTVTGVGP &KG 5VÒEMG UKPF CWH FGP 7PVGTNGI\GVVGNP FGU 5COONGTU ÒDGTYKGIGPF   DGUVKOOV &KG 5COONWPI IKDV GKPGP IWVGP ªDGTDNKEM ÒDGT FKG TÌOKUEJG -CKUGT\GKV FCU 1DLGMV GKIPGV   UKEJFCJGTJGTXQTTCIGPFCNU'KPUVKGIKPFKGUGUHCU\KPKGTGPFG5COOGNIGDKGV$KVVGDGUKEJVKIGP  5VÒEM5EJÌPpUGJTUEJÌP



.QV &GPCTG &CU .QV GPVJ·NV PGDGP GKPGO &GPCT FGU /ÒP\OGKUVGTU . #PVGUVKWU )TCIWNWU 2T·IWPIGP   HQNIGPFGT -CKUGT 6TCLCPWU   *CFTKCPWU /CETKPWU 5GXGTWU #NGZCPFGT UQYKG FGU /CZKOKPWU +   +PVGTGUUCPVGU1DLGMVFCUDGUKEJVKIVYGTFGPUQNNVG 5VÒEM5GJTUEJÌP









4ÌOKUEJG $TQP\GOÒP\GP &CU KPVGTGUUCPVG .QV GPVJ·NV TGKEJUTÌOKUEJG $TQP\GOÒP\GP XQP #WIWUVWU   DKU 6TCKCPWU &GEKWU XQO 3WCFTCPU DKU \WO 5GUVGT\ FCTWPVGT CWEJ DGUUGTG 5VÒEMG \ $ GKP /ÒP\   OGKUVGTCU FGU #WIWUVWU 'KPKIG FGT 5VÒEMG UKPF OKV $GUEJTGKDWPIGP WPF $GYGTVWPIGP XGTUGJGP   *QEJKPVGTGUUCPVGU.QVDKVVGDGUKEJVKIGP 5VÒEM5EJÌPpUGJTUEJÌP 



.QV TÌOKUEJGT &GPCTG WPF #PVQPKPKCPG OGKUV UKNDGTP  GPVJCNVGP UKPF PGDGP FTGK 2T·IWPIGP FGT   4GRWDNKM5VÒEMGXQP#WIWUVWUDKU&KQENGVKCPWUFC­1DLGMVIKDVUQOKVGKPGPIWVGPªDGTDNKEMÒDGTFTGK ,CJTJWPFGTVGFGTTÌOKUEJGP-CKUGT\GKV+PVGTGUUCPVGU.QVFCUDGUKEJVKIVYGTFGPUQNNVG  5VÒEM5EJÌPpUGJTUEJÌPYGPKIG5VÒEMGOKVMNGKPGP(GJNGTP

 225




5COONWPITÌOKUEJGT3WKPCTG&GPCTGWPF#PVQPKPKCPG&CU.QVGPVJ·NV2T·IWPIGPXQPFGT4GRW DNKM DKU KPU FTKVVG ,CJTJWPFGTV P %JT 7PVGT FGP  /ÒP\GP FGT 4GRWDNKM HKPFGP UKEJ CWEJ GKPKIG   KPVGTGUUCPVG 4ÒEMUGKVGP \ $ GKP &GNRJKPTGKVGT %QTFKWU 4WHWU  WPVGT FGP 2T·IWPIGP FGT -CKUGT\GKV   HKPFGP UKEJ W C \YGK &GPCTG FGU 0GTXC #WH FGP 7PVGTNGI\GVVGNP FGU 5COONGTU UKPF FKG 5VÒEMG   ÒDGTYKGIGPF DGUVKOOV &CU 1DLGMV DKGVGV GKPGP IWVGP ªDGTDNKEM ÒDGT FKG TÌOKUEJG /ÒP\RT·IWPI WPF   GKIPGVUKEJJGTXQTTCIGPF\WO'KPUVKGIKPFKGUGUHCU\KPKGTGPFG5COOGNIGDKGV$KVVGDGUKEJVKIGP  5VÒEM5GJTUEJÌP





)TQ­G 3WGTUEJPKVVUCOONWPI 'PVJCNVGP UKPF $TQP\G WPF 5KNDGTRT·IWPIGP XQP FGT TÌOKUEJGP 4GRW   DNKM DKU \WT 5R·VCPVKMG FCTWPVGT CWEJ DGUUGTG 5VÒEMG \ $ GKP 5GUVGT\ FGT TÌOKUEJGP 4GRWDNKM  

%TCYH   GKP 6TKDWVG 2GPPP[ FGU 6KDGTKWU &GPCTG FGU 1VJQ WPF 6TCKCPWU OKV HTÒJGO PQEJ   CP0GTXCGTKPPGTPFGP2QTVT·V WPFFGU/CETKPWUUQYKG$TQP\GPFGU8GVTCPKQWPF'WIGPKWU&CU1DLGMV GKIPGV UKEJ UGJT IWV CNU )TWPFUVQEM GKPGT 4ÌOGTUCOONWPI WPF KUV HÒT CNNG 'RQEJGP FGT 4ÌOGT\GKV   TGRT·UGPVCVKX+PVGTGUUCPVGU.QVFCUWPDGFKPIVDGUKEJVKIVYGTFGPUQNNVG  5VÒEM6GKNU4)GUCOVGKPFTWEMUGJTUEJÌP 



5COONWPI OGKUV TÌOKUEJGT /ÒP\GP &KG 5COONWPI GPVJ·NV MGNVKUEJG /ÒP\GP W C GKPG 6GVTC   FTCEJOG PCEJ 6JCUQU6[R  ITKGEJKUEJG /ÒP\GP W C GKPG 6GVTCFTCEJOG FGU 2JKNKRRQU +++ XQP   /CEGFQPKGP  TÌOKUEJG /ÒP\GP XQP FGT 4GRWDNKM DKU \WT 5R·VCPVKMG W C GKPKIG &GPCTG FGT 4GRW   DNKMOGJTGTG5GUVGT\GPFGT-CKUGT\GKVGKPGP%KUVQRJQTOGJTGTG2TQXKP\KCNRT·IWPIGPFCTWPVGTGKPKIG CNGZCPFTKPKUEJG 6GVTCFTCEJOGP  UQYKG GKPKIG D[\CPVKPKUEJG /ÒP\GP W C ,QJCPPGU ++ 'N6TCEJ[   5GCT   &KG 5COONWPI GKIPGV UKEJ JGTXQTTCIGPF CNU )TWPFUVQEM HÒT FGP #WHDCW GKPGT 5COONWPI   CPVKMGT/ÒP\GP*QEJKPVGTGUUCPVGU1DLGMVDKVVGDGUKEJVKIGP 5VÒEM5EJÌPpUGJTUEJÌP 



.QV OGKUV TÌOKUEJGT /ÒP\GP 'PVJCNVGP UKPF GKPKIG ITKGEJKUEJG /ÒP\GP OGKUV $TQP\GP CDGT CWEJ   GKP CEJ·OGPKFKUEJGT 5KINQU  TÌOKUEJG 2T·IWPIGP KP $TQP\G WPF 5KNDGT UQYKG YGPKIG QTKGPVCNKUEJG   $TQP\GOÒP\GP+PVGTGUUCPVGU.QVDKVVGDGUKEJVKIGP EC5VÒEM5EJÌPpUGJTUEJÌPYGPKIGDGUUGT



2TQXKP\KCNRT·IWPIGP CWU %KNKEKC &CU .QV GPVJ·NV W C 2T·IWPIGP FGU /CTEWU #WTGNKWU #NGZCPFGT   5GXGTWU6TCKCPWU&GEKWUWPFFGU#GOKNKCPWUCWU#KIGCK5[GFTCWPF6CTUQUUQYKGGKPGUGNVGPG$TQP\G FGU/CETKPWUCWU.COQU 5VÒEM5EJÌPpUGJTUEJÌP







#VVTCMVKXG 5COONWPI TÌOKUEJGT &GPCTG FGU  ,CJTJWPFGTVU P %JT 'PVJCNVGP UKPF &GPCTG   XQP #PVQPKPWU 2KWU /CTEWU #WTGNKWU (CWUVKPC HKNKC .WEKNNC %QOOQFWU 5GRVKOKWU 5GXGTWU ,WNKC   &QOPC %CTCECNNC 2NCWVKNNC )GVC /CETKPWU 'NCICDCN ,WNKC /COCGC ,WNKC /CGUC 5GXGTWU #NGZCP   FGT/CZKOKPWU+6JTCZWPF)QTFKCPWU+++&KG5COONWPIOKVXKGNGP5VÒEMGPKPÒDGTFWTEJUEJPKVVNKEJGT 'TJCNVWPIGKIPGVUKEJJGTXQTTCIGPFCNU)TWPFUVQEMGKPGT4ÌOGTUCOONWPI  5VÒEM/GKUVHCUVXQT\ÒINKEJWPFXQT\ÒINKEJ 



$TQP\GOÒP\GP FGT -CKUGT\GKV #UUG WPF 5GUVGT\GP FGU  WPF  ,CJTJWPFGTVU P %JT FCTWPVGT   GKPKIG DGUUGTG 5VÒEMG YKG #GNKWU %CGUCT #U  QFGT /CZKOKPWU + 6JTCZ HÒT /CZKOWU 5GUVGT\  +P   VGTGUUCPVGU1DLGMVFCUUKEJIWVCNU'KPUVKGIKPFKGUGUTGK\XQNNG5COOGNIGDKGVGKIPGV  5VÒEM/GKUVUGJTUEJÌP



.QV TÌOKUEJGT $TQP\GOÒP\GP'PVJCNVGPUKPFHÒPHTGKEJUTÌOKUEJG2T·IWPIGP #UUGUWPFGKP&WRQP FKWU XQP %NCWFKWU 8GURCUKCPWU &QOKVKCPWU 0GTXC WPF *CFTKCPWU  UQYKG HÒPH 2TQXKP\KCNRT·IWPIGP   CWU/QGUKGPWPF6JTCMKGP 5VÒEM5EJÌPpUGJTUEJÌP





.QV TÌOKUEJGT #PVQPKPKCPG &CU .QV GPVJ·NV 2T·IWPIGP FGU %CTCECNNC )QTFKCPWU +++ 2JKNKRRWU +   2JKNKRRWU++UQYKGFGU8CNGTKCPWU+PVGTGUUCPVGU1DLGMV 5VÒEM5GJTUEJÌP





.QV TÌOKUEJGT /ÒP\GP 'PVJCNVGP UKPF PGDGP  5KNDGTOÒP\GP FGT TÌOKUEJGP 4GRWDNKM WC GKPG   &KFTCEJOG  ÒDGTYKGIGPF 2T·IWPIGP FGT TÌOKUEJGP -CKUGT\GKV XQO  ,CJTJWPFGTV DKU KP FKG 5R·VCPVK   MG XQP #WIWUVWU DKU .GQ +++ /KNKCTGUKQP OKV %QPUVCPVKPWU 8  KP $TQP\G WPF KP 5KNDGT FCTWPVGT   #UUG &TWUWU )GTOCPKEWU 0GTQ OKV UEJÌPGT &CTUVGNNWPI FGU ,CPWUVGORGNU  5GUVGT\G 6TCKCPWU   .WEKNNC )QTFKCPWU +++  &GPCTG WPF 3WKPCTG W C GKP 6TKDWVG 2GPP[ FGU 6KDGTKWU WPF GKP 3WKPCT   FGU &QOKVKCPWU &GPCTG FGU )CNDC WPF FGU 8KVGNNKWU  UQYKG #PVQPKPKCPG /CETKCPWU 3WKGVWU  +PVGT   GUUCPVGU1DLGMV 5VÒEM/GKUVUGJTUEJÌP 



.QV TÌOKUEJGT $TQP\GOÒP\GP &KGUGU .QV WOHC­V PGDGP 2T·IWPIGP FGT TÌOKUEJGP -CKUGT\GKV CWEJ   D[\CPVKPKUEJG /ÒP\GP WPF 2T·IWPIGP CWU FGO KPFQITKGEJKUEJGP $GTGKEJ YGKVGTJKP GKPG (CNUEJOÒP   \GTHQTOWPF/WUEJGNIGNF MI)GTKPIGTJCNVGPpUEJÌP



4ÌOKUEJG -CKUGT\GKV &CU .QV GPVJ·NV UQYQJN $TQP\GP CNU CWEJ 5KNDGTRT·IWPIGP WPF URCPPV FGP   \GKVNKEJGP 4CJOGP XQP #WIWUVWU FGT OKV GKPGO 3WKPCT XGTVGVGP KUV DKU KP FKG 5R·VCPVKMG 'U HKPFGP   UKEJ #UUG FGU %CNKIWNC %NCWFKWU HÒT )GTOCPKEWU  WPF FGU &QOKVKCPWU UQYKG &GPCTG FGU *CFTKCPWU   WPF FGU %CTCECNNC &GT 5EJYGTRWPMV NKGIV KO  WPF  ,CJTJWPFGTV W C #PVQPKPKCPG FGU 2JKNKRRWU   +FGU8QNWUKCPWUWPFGKPKIG(QNNGU+PVGTGUUCPVGU.QVFCUDGUKEJVKIVYGTFGPUQNNVG  5VÒEM5EJÌPpUGJTUEJÌPGKP5VÒEMCWUIGDTQEJGP



5COONWPI TÌOKUEJGT #PVQPKPKCPG 'PVJCNVGP UKPF 2T·IWPIGP XQP 'NCICDCN DKU \WT  6GVTCTEJKG   FCTWPVGT W C )QTFKCPWU +++ 2JKNKRRWU + 1VCEKNKC 5GXGTC 6TCKCPWU &GEKWU )CNNKGPWU 5CNQPKPC   2QUVWOWU 8KEVQTKPWU %NCWFKWU )QVJKEWU %CTWU %CTKPWU 0WOGTKCPWU GKP DCTDCTKUKGTVGU 5VÒEM FGU   %CTCWUKWUGVE*QEJKPVGTGUUCPVGU1DLGMVFCUDGUKEJVKIVYGTFGPUQNNVG  5VÒEM5GJTUEJÌPWPFXQT\ÒINKEJ









226




#PVQPKPKCPG &CU KPVGTGUUCPVG .QV GPVJ·NV #PVQPKPKCPG XQP )QTFKCPWU +++ DKU #WTGNKCPWU FCTWPVGT   CWEJXKGNG-ÌNPGT2T·IWPIGP*QEJKPVGTGUUCPVGU.QVDKVVGDGUKEJVKIGP 5VÒEM/GKUVUGJTUEJÌP 



.QV #PVKMG CNNIGOGKP .QV XQP FKXGTUGP ITKGEJKUEJGP $TQP\GOÒP\GP UQYKG TÌOKUEJGP /ÒP\GP FGU    ,CJTJWPFGTVU P %JT GPVJ·NV W C GKPG 2TQXKP\KCNRT·IWPI FGU #PVQPKPWU + 2KWU CWU 2JKNKRRQRQNKU KP   6JTCMKGP+PVGTGUUCPVGU1DLGMV 5VÒEM5EJÌPpUGJTUEJÌP



)GOKUEJVGU .QV TÌOKUEJGT $TQP\GOÒP\GP 'PVJCNVGP UKPF ÒDGTYKGIGPF (QNNGU FGT 6GVTCTEJKG WPF   FGU EQPUVCPVKPKUEJGP *CWUGU CDGT CWEJ YGPKIG #UUG WPF 5GUVGT\GP W C /CZKOWU  UQYKG GKPKIG   #NGZCPFTKPGT \YGK&TCEJOGPFTGK6GVTCFTCEJOGP +PVGTGUUCPVGU.QVDKVVGDGUKEJVKIGP  5VÒEM/GKUVUGJTUEJÌP



.QV TÌOKUEJGT /ÒP\GP &CU .QV GPVJ·NV PGDGP GKPKIGP &GPCTGP W C 5GRVKOKWU 5GXGTWU %CTCECNNC    WPF#PVQPKPKCPGPÒDGTYKGIGPF$TQP\GPFGT5R·VCPVKMGDKUKPFKGD[\CPVKPKUEJG<GKV  5VÒEM/GKUVUGJTUEJÌP



.QV $TQP\GP &KG OGKUVGP 2T·IWPIGP UVCOOGP CWU FGO  WPF  PCEJEJTKUVNKEJGP ,CJTJWPFGTV W C   “#PVQPKPKCPG FGU #WTGNKCPWU (QNNGU FGU %QPUVCPVKWU + /CZKOKPWU ++ &CKC %QPUVCPVKPWU + WPF   FGU%QPUVCPU9GKVGTJKPGPVJ·NVFCU.QVGKPGQTKGPVCNKUEJG5KNDGTOÒP\G  5VÒEM5GJTUEJÌPDKUXQT\ÒINKEJ











3WGTUEJPKVVUCOONWPI TÌOKUEJGT $TQP\GOÒP\GP FGU  ,CJTJWPFGTVU P %JT &KG 5COONWPI   GPVJ·NV ÒDGTYKGIGPF (QNNGU WPF 6GKNUVÒEMG XQP FGT 6GVTCTEJKG DKU KP FKG 5R·VCPVKMG CDGT CWEJ GKPKIG   0WOOK UQYKG FTGK “6GVTCFTCEJOGP CWU #NGZCPFTKC 'PVJCNVGP UKPF PGDGP 2T·IWPIGP FGT 6GVTCTEJGP   WPFFGUEQPUVCPVKPKUEJGP*CWUGU FCDGKCWEJZ&GNOCVKWU WCCWEJ/ÒP\GPFGT.KEKPKKFGU8GVTC PKQ FGU /CIPWU /CZKOWU 8CNGPVKPKCPWU )TCVKCPWU WPF 6JGQFQUKWU 7PVGT FGP 0WOOK HKPFGP UKEJ   CWEJ.GQ+WPF/CTEKCPWU*QEJKPVGTGUUCPVG5COONWPIFKGGKPGPIWVGPªDGTDNKEMÒDGTFKG5R·VCPVK MGDKGVGVWPFJGTXQTTCIGPF\WO#WUDCWIGGKIPGVKUV$KVVGDGUKEJVKIGP  5VÒEM6GKNU4/GKUVUGJTUEJÌPWPFDGUUGT 



.QV TÌOKUEJGT $TQP\GOÒP\GP 'PVJCNVGP UKPF XQTYKGIGPF 2T·IWPIGP CD FGO  PCEJEJTKUVNKEJGP   ,CJTJWPFGTV #PVQPKPKCPG (QNNGU  CDGT CWEJ  Õ#PVQPKPKCPG UQYKG FTGK $TQP\GP FGT TÌOKUEJGP   4GRWDNKM+PVGTGUUCPVGU1DLGMV 5VÒEM)GUCOVGKPFTWEMUGJTUEJÌP



8¤.-'49#0&'470) $#4$#4'0#7(&'/$#.-#0

2013



Õ5KNKSWC  I &TCRKGTVG $ÒUVG FGU %QPUVCPVKWU ++ T OKV 4QUGVVGPFKCFGO<YGK 8KEVQTKGP JCNVGP   5EJKNFOKV816:/8.6FTGK2WPMVG$CUVKGPKP#05/04ÒEMUGKVGXGTIN 5GJTUEJÌP



8GTOWVNKEJ JCPFGNV GU UKEJ WO GKPGP IGTOCPKUEJGP $GKUEJNCI GKPGU 5QNKFWU CWU 6TKGT XQO 6[R 8+%614+#' &&   00#8)) 4+%HH 

+6#.+#

2014 Å



1FQCMGT  Ô5QNKFWU KO 0COGP <GPQU 4CXGPPC  I &0 <'012'4 2 ( #8) )G   RCP\GTVG $ÒUVG <GPQU X X OKV *GNO 5RGGT WPF 5EJKNF8+%614+# #8))) 8KEVQTKC UVGJV N OKV   -TGW\ T 5VGTP KO #DUEJPKVV %101$ 4+ 8  $/%  -TCWU  .CECO 2N %:%8++#  FKGUGT   5VGORGN 4+% 44-N4CPFTK­HCUVXQT\ÒINKEJ  1FQCMGT UEJKEMVG  FGP YGUVTÌOKUEJGP -CKUGT 4QOWNWU #WIWUVWU 5QJP GKPGU )GTOCPGPHÒTUVGP OKV GKPGT   2GPUKQP KP GKP -NQUVGT 'KP IGTOCPKUEJGU 5ÌNFPGTJGGT CWU XGTUEJKGFGPGP 5V·OOGP TKGH KJP \WO -ÌPKI CWU   1FQCMGT DGOÒJVG UKEJ WO #PGTMGPPWPI 1UVTQOU WPF YWTFGXQP<GPQ\WO2CVTKEKWUGTPCPPVKPFGUUGP0COGPGT FCPP CWEJ /ÒP\GP RT·IVG 5KG YGKEJGP KP FGT 8QTFGTUGKVGPWOUEJTKHV OKV FGO GKPIGUEJQDGPGP 2 (FGOCNVGP2KWU (GNKZ XQP FGP QUVTÌOKUEJGP 2T·IWPIGP CD #WH FGT 4ÒEMUGKVG KUV PCEJ %101$ 48 GKPIGHÒIV FCU CWH 4CXGPPC   JKPYGKUVFKG4GUKFGP\1FQCMGTU

227


9'56)16'0

2015 Å

2016 Å



Ô5QNKFWUKO0COGPFGU8CNGPVKPKCPWU+++ICNNKUEJG/ÒP\UV·VVGI&TCRKGTVG$ÒUVGT OKV 4QUGVVGPFKCFGO-CKUGT UVGJV X X OKV .CPIMTGW\ WPF 8KEVQTKC CWH )NQDWU (W­ CWH OGPUEJGP   MÌRHKIGT5EJNCPIG4+% &TWEMUVGNNGUGJTUEJÌP





5KUGDWVÔ6TGOKUUKU+URCNK 5GXKNNC I$GKFGTUGKVU$ÒUVGXX/KNGUHXCT  8QT\ÒINKEJ



2017 Å

2018 Å

2019 Å

2021 Å

2020 Å

  

Ô6TGOKUUKU+URCNK 5GXKNNC I$GKFGTUGKVU$ÒUVGXX/KNGUC Ô6TGOKUUKU+URCNK 5GXKNNC I$GKFGTUGKVU$ÒUVGXX/KNGUDXCT Ô6TGOKUUKU+URCNK 5GXKNNC I$GKFGTUGKVU$ÒUVGXX/KNGUFXCT

5VGORGNHTKUEJ 5VGORGNHTKUEJ 8QT\ÒINKEJ

  



5WKPVJKNCÔ6TGOKUUKU$CTDKI$GKFGTUGKVU$ÒUVGXX/KNGUJ  4$TGKVGT5EJTÌVNKPIXQT\ÒINKEJ



&KG/ÒP\UV·VVG$CTDKKUVPQEJPKEJVGKPFGWVKIKFGPVKHK\KGTVOÌINKEJGTYGKUGJCPFGNVGUUKEJWOFCUCPVKMG/WPKEKRK WO$CTDKVCPWU



Ô6TGOKUUKU$CTDKI$GKFGTUGKVU$ÒUVGXX/KNGUC

2023 Å

2022 Å

    

228

2025 Å

Ô6TGOKUUKU$CTDKI$GKFGTUGKVU$ÒUVGXX/KNGUE Ô6TGOKUUKU%QTFQDC $CGVKEC I$GKFGTUGKVU$ÒUVGXX/KNGUD Ô6TGOKUUKU'NKDGTTK $CGVKEC I$GKFGTUGKVU$ÒUVGXX/KNGUT Ô6TGOKUUKU'NKDGTTK $CGVKEC I$GKFGTUGKVU$ÒUVGXX/KNGUQXCT Ô6TGOKUUKU'NKDGTTK $CGVKEC I$GKFGTUGKVU$ÒUVGXX/KNGUEXCT

2027 Å

  

2024 Å

$TGKVGT5EJTÌVNKPIUGJTUEJÌP

2028 Å



2026 Å

48QT\ÒINKEJ 8QT\ÒINKEJ 8QT\ÒINKEJ 8QT\ÒINKEJ 8QT\ÒINKEJ

    

2029 Å

Ô6TGOKUUKU'OGTKVCI$GKFGTUGKVU$ÒUVGXX/KNGUC 8QT\ÒINKEJ Ô6TGOKUUKU'OGTKVCI$GKFGTUGKVU$ÒUVGXX/KNGUL 5GJTUEJÌP Ô6TGOKUUKU+URCNK 5GXKNNC I$GKFGTUGKVU$ÒUVGXX/KNGUC$TGKVGUXQT\ÒINKEJGU'ZGORNCT

  


2030 Å

    

2031 Å

2032 Å

2033 Å

Ô6TGOKUUKU+URCNK 5GXKNNC I$GKFGTUGKVU$ÒUVGXX/KNGUH Ô6TGOKUUKU+URCNK 5GXKNNC I$GKFGTUGKVU$ÒUVGXX/KNGUG Ô6TGOKUUKU+URCNK 5GXKNNC I$GKFGTUGKVU$ÒUVGXX/KNGUC Ô6TGOKUUKU/GPVGUCI$GKFGTUGKVU$ÒUVGXX/KNGUXGTIN Ô6TGOKUUKU6QNGFQI$GKFGTUGKVU$ÒUVGXX/KNGUC

2035 Å

2036 Å

2034 Å

5VGORGNINCP\ 8QT\ÒINKEJ 8QT\ÒINKEJ 48QT\ÒINKEJ (CUVXQT\ÒINKEJ

2037 Å

    

2038 Å

  

Ô6TGOKUUKU6QNGFQI$GKFGTUGKVU$ÒUVGXX/KNGUC $TGKVGT5EJTÌVNKPIUGJTUEJÌP Ô6TGOKUUKU6QNGFQI$GKFGTUGKVU$ÒUVGXX/KNGUC 5GJTUEJÌP Ô6TGOKUUKU6WEEK $CGVKEC I$GKFGTUGKVU$ÒUVGXX/KNGUXGTIN 8QT\ÒINKEJ

  



Ô6TGOKUUKU6WEEK $CGVKEC I$GKFGTUGKVU$ÒUVGXX/KNGUC  4$TGKVGT5EJTÌVNKPIXQT\ÒINKEJ





.QVÔ6TGOKUUGU5KUGDWV+URCNK /KNGUHZ 5WKPVJKNC'NKDGTTK /KNGUG Z  6QNGFQ /KNGU  Z  $CTDK /KNGU  F Z  +URCNK /KNGU  C Z  6WEEK /KNGU  C    'OGTKVC /KNGUCZ  5VÒEM/GKUVXQT\ÒINKEJWPFDGUUGT 

.#0)1$#4&'0

2040 Å



#WVJCTKÔ6TGOKUUKUKO0COGPFGU/CWTKEKWU6KDGTKWUPCEJ6KEKPWO 2CXKC I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO8KEVQTKC IGJV N OKV -TCP\ WPF -TGW\INQDWU )TKGTUQP$NCEMDWTP   *CJP.WGIOG[GT 2TCEJVGZGORNCTXQT\ÒINKEJDKUUVGORGNINCP\  &KG2T·IWPIFKGUGU6TGOKUUGUPCEJTCXGPPCVKUEJGP8QTDKNFYWTFGWPVGT-ÌPKI#WVJCTKCWHIGPQOOGP&CFKG#WU RT·IWPIFKGUGU6[RWUFKGP·EJUVGPJWPFGTV,CJTGDGKDGJCNVGPYWTFGKUVFKG<WYGKUWPIPKEJVIGUKEJGTV

2041 El

2042 El



$'0'8'06 )TGIQTKWU  'N5QNKFWU KO 0COGP +WUVKPKCPWU ++  I $ÒUVG X X OKV   -TGW\INQDWU-TGW\CWHXKGT5VWHGPN)%0+RXCT 5GJTUEJÌP





)QFGUECNEQ  'N5QNKFWU KO 0COGP FGU +WUVKPKCPWU ++  I $ÒUVG XX OKV  -TGW\INQDWU   -TGW\CWHXKGT5VWHGP\YKUEJGP&WPF)%0+R 5GJTUEJÌP

 229


$;<#06+0+5%*'/ª0<'0 $;<#0<

2043 Å

2045 Å

2044 Å



#PCUVCUKWU  Ô5QNKFWU  6JGUUCNQPKEC  I )GRCP\GTVG $ÒUVG X X OKV *GNO   5EJKNF WPF 5RGGT8KEVQTKC UVGJV N OKV .CPIMTGW\ KO (GNF N WPF T LG GKP 5VGTP &1%  *CJP    5GCT 8QPITQ­GT5GNVGPJGKV)WVGUUGJTUEJÌP 



Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV *GNO 5EJKNF   WPF5RGGT8KEVQTKCUVGJVNOKV-TGW\UVCD&1%K5GCT .GKEJVIGYGNNVXQT\ÒINKEJ





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF5EJKNF 8KEVQTKCUVGJVNOKV.CPI%JTKUOQPTUGEJUUVTCJNKIGT5VGTP&1%*CJP5GCT  8QPITÌ­VGT5GNVGPJGKV9QJN7PKMWO 5EJTÌVNKPIUHGJNGTCWHFGO#XGTUMN2T·IGUEJY·EJGCO4CPFUQPUVHCUV5VGORGNHTKUEJ



'UJCPFGNVUKEJWOGKPGDKUJGTWPDGMCPPVG2TQDGFKGYKGFCU5VÒEM/+$PWTKPFGT1HHK\KPXQT\WMQOOGP UEJGKPV WPF UKEJGT GDGPHCNNU KO ,CJT  GPVUVCPF $GK /+$  UVGJV TGEJVU GKP -TGW\ FCU KO 5VGORGN FGU XQTNKG   IGPFGP 5VÒEMGU \W GKPGO UGEJUVTCJNKIGP 5VGTP WOIGUEJPKVVGP KUV &CU DTGKVG OKV RGTNGPUEJPWTCTVKIGP $QTFÒTGP   XGTUGJGPG .CPIMTGW\ FGT 8KEVQTKC JCV KP FKGUGO 5VGORGN GKPGP DTGKVGP NKPMUIGTKEJVGVGP $QIGP CPITCXKGTV DG   MQOOGP UQ FC­ CWU FGO .CPIMTGW\ GKP .CPI%JTKUOQP OKV TGVTQITCFGO 4JQ YWTFG +P 5GTKG IKPIGP LGFQEJ FKG   6[RGPOKVCEJVUVTCJNKIGO5VGTPNKPMUWPFOKVUEJOCNGO.CPI%JTKUOQPD\Y.CPI%JTKUVQITCOO /+$WPF 

2046 Å

2047 Å

2048 Æ

2048 Æ



Ô6TGOKUUKU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO8KEVQTKCIGJVTOKV-TCP\ WPF-TGW\INQDWUKO(GNFT5VGTP&1%5GCT -NGKPG-TCV\GTWPF&TWEMUVGNNGUGJTUEJÌP





Ô6TGOKUUKU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO8KEVQTKCIGJVTOKV-TCP\ WPF-TGW\INQDWUKO(GNFT5VGTP&1%5GCT  9KP\-TCV\GTWPTGIGNO·­KIGT5EJTÌVNKPIHCUVXQT\ÒINKEJ



+WUVKPKCPWU+“(QNNKU,CJT  %[\KEWU1HHK\KPI)GRCP\GTVG$ÒUVG XXOKV*GNO5EJKNFWPF-TGW\INQDWU9GTV&1%C5GCT  )TÒPG2CVKPCÒDGTFWTEJUEJPKVVNKEJGTJCNVGPGU'ZGORNCTUGJTUEJÌPXQT\ÒINKEJ





2049 Å







230

2050 Å

2051 Å

Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV *GNO -TGW\   INQDWUWPF5EJKNF'PIGNUVGJVXXOKV%JTKUVQITCOOUVCDWPF-TGW\INQDWUT5VGTP&1%C5GCT .GKEJVIGYGNNVUGJTUEJÌP



Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV *GNO -TGW\   INQDWUWPF5EJKNF'PIGNUVGJVXXOKV%JTKUVQITCOOUVCDWPF-TGW\INQDWUT5VGTP&1%G5GCT (CUVXQT\ÒINKEJ



Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO-TGW\INQ DWUWPF5EJKNF'PIGNUVGJVXXOKV%JTKUVQITCOOUVCDWPF-TGW\INQDWUT5VGTP&1%K5GCT  9KP\)TCHHKVKCWHFGO4GXGTUUVGORGNHTKUEJ




2052

1,5:1

1,5:1

2053 Å



Õ5KNKSWC\W0WOOK4CXGPPCI&TCRKGTVG$ÒUVGTOKV2GTNFKCFGO%0KP-TCP\ &1%C5GCT 45GJTUEJÌP





,WUVKPWU++Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO 8KEVQTKC CWH )NQDWU WPF 5EJKNF%QPUVCPVKPQRQNKU UKV\V X X OKV <GRVGT WPF -TGW\INQDWU &1%  G   5GCT (CUVXQT\ÒINKEJ



1,5:1



2054 Å

Ô5QNKFWU 6JGUUCNQPKEC  I )GRCP\GTVG $ÒUVG X X OKV *GNO 8KEVQTKC CWH )NQDWU WPF 5EJKNF   %QPUVCPVKPQRQNKUUKV\VXXOKV<GRVGTWPF-TGW\INQDWU&1%5GCT&  8QPITQ­GT5GNVGPJGKV8QT\ÒINKEJp5VGORGNHTKUEJ 

2055 Å





1,5:1

2056 Å

6KDGTKWU ++ %QPUVCPVKPWU  Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )G   RCP\GTVG $ÒUVG X X OKV -TQPG -TGW\INQDWU WPF 5EJKNF-TGW\ CWH XKGT 5VWHGP &1%  D 5GCT    4CPFHGJNGTXQT\ÒINKEJ



Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV -TQPG -TGW\   INQDWUWPF5EJKNF-TGW\CWHXKGT5VWHGP&1%E5GCT 8QT\ÒINKEJ



2059 Å

2058 Å

2057 Å

1,5:1

1,5:1



Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV -TQPG -TGW\   INQDWUWPF5EJKNF-TGW\CWHXKGT5VWHGP&1%H5GCT (CUVXQT\ÒINKEJ





Ô5QNKFWU%CTVJCIQ ! I)GRCP\GTVG$ÒUVGXXOKV-TQPG-TGW\INQDWUWPF5EJKNF -TGW\CWHXKGT5VWHGP&1%XGTIN5GCTXGTIN 448QT\ÒINKEJ



&KG#PICDGFGU4GIKGTWPIULCJTGUP ! KUVDKUJGTPWTHÒT4CXGPPCDGMCPPV





/CWTKEKWU 6KDGTKWU  Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG   $ÒUVG X X OKV *GNO -TGW\INQDWU WPF 5EJKNF'PIGN UVGJV X X OKV %JTKUVQITCOOUVCD WPF -TGW\   INQDWU&1%J5GCT #O4CPFNGKEJVIGFTÒEMVUGJTUEJÌP



Ô5QNKFWU  %QPUVCPVKPQRQNKU  I )GRCP\GTVG $ÒUVG X X OKV *GNO -TGW\INQDWU WPF   5EJKNF'PIGN UVGJV X X OKV %JTKUVQITCOOUVCD WPF -TGW\INQDWU &1%  5GCT  &C\W GKP 5QNK   FWUFGU*GTCENKWU&1%5GCT 5VÒEM5GJTUEJÌP

 231


2062 Å

2061 Å



2064 Å

Ô5QNKFWU \W  5KNKSWCG  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV   *GNO -TGW\INQDWU WPF 5EJKNF T 5VGTP'PIGN UVGJV X X OKV %JTKUVQITCOOUVCD WPF-TGW\INQDWUT 5VGTP&1%D5GCT 4#O4CPFNGKEJVIGFTÒEMVXQT\ÒINKEJ



Ô5QNKFWU \W  5KNKSWCG  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV   *GNO -TGW\INQDWU WPF 5EJKNF T 5VGTP'PIGN UVGJV X X OKV %JTKUVQITCOOUVCD WPF -TGW\INQDWU   T5VGTP&1%F5GCT 45GJTUEJÌP





Ô5GOKUUKU  %QPUVCPVKPQRQNKU  I &TCRKGTVG $ÒUVG T OKV 2GTNFKCFGO8KEVQTKC IGJV T   OKV-TGW\INQDWUWPF-TCP\&1%C5GCT 4.GKEJVIGFTÒEMVUGJTUEJÌP





Ô5QNKFWU 6JGQWRQNKU #PVKQEJKC   1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV *GNO WPF -TGW\   INQDWU'PIGNUVGJVXXOKV-TGW\UVCDWPF-TGW\INQDWU&1%D5GCT  .GKEJVG2T·IGUEJY·EJGXQT\ÒINKEJ





2067 Å

2066 Å

2065 Å

2068 Å

1,5:1



2JQECU  Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I %QPUWNCTDÒUVG X X OKV   /CRRCWPF-TGW\'PIGNUVGJVXXOKV%JTKUVQITCOOUVCDWPF-TGW\INQDWU&1%5GCT  44.GKEJVFG\GPVTKGTVXQT\ÒINKEJ



#WU#WMVKQP8GEEJK+++&G\0T



Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV -TQPG -TGW\   INQDWU WPF 5EJKNF'PIGN UVGJV X X OKV %JTKUVQITCOOUVCD WPF -TGW\INQDWU &1%  J 5GCT      5GJTUEJÌP





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV-TQPG-TGW\ INQDWU WPF 5EJKNF'PIGN UVGJV X X OKV %JTKUVQITCOOUVCD WPF -TGW\INQDWU &1%  L 5GCT      'VYCU(WPFDGNCIXQT\ÒINKEJ





*GTCENKWUÔ5GOKUUKU%QPUVCPVKPQRQNKU1HHK\KPI&TCRKGTVG$ÒUVGTOKV &KCFGO-TGW\CWH)NQDWU&1%5GCT 2T·IGUEJY·EJGCO4CPFUGJTUEJÌP



2069 Å

2070 Å

2071 Å

2072 Å



WPF*GTCENKWU%QPUVCPVKPWUÔ5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI$GKFGT$Ò UVGPXX-TGW\CWHFTGK5VWHGP&1%C5GCT /KP&TWEMUVGNNGCO4CPFXQT\ÒINKEJ





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI$GKFGT$ÒUVGPXX-TGW\CWHFTGK5VWHGP KO(GNF0&1%C5GCT -NGKPG&TWEMUVGNNGCO4CPFXQT\ÒINKEJ





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI$GKFGT$ÒUVGPXX-TGW\CWHFTGK5VWHGPT +&1%F5GCT /KP&TWEMUVGNNGCO4CPFUGJTUEJÌP





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI$GKFGT$ÒUVGPXX-TGW\CWHFTGK5VWHGPT Q&1%D5GCT (CUVXQT\ÒINKEJ



232


2073 Å



Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI$GKFGT$ÒUVGPXX-TGW\CWHFTGK5VWHGPT Q&1%E5GCT 5GJTUEJÌPDKUXQT\ÒINKEJ

2074

1,5:1







2075

1,5:1

1,5:1

1,5:1

 OKV *GTCENKWU %QPUVCPVKPWU WPF /CTVKPC Õ 5KNKSWC  -CTVJCIQ  I &TCRKGTVG   $ÒUVGXXOKV-TQPG<YGK$ÒUVGPXX&1%5GCT  448QT\ÒINKEJGU'ZGORNCTOKVJGTTNKEJGT2CVKPC



Õ5KNKSWC-CTVJCIQI&TCRKGTVG$ÒUVGOKV-TQPGXX$GKFGT$ÒUVGPOKV-TQPG XXFC\YKUEJGP-TGW\&1%5GCT (CUVXQT\ÒINKEJ



2076 Å

2077 Å

2078 Å

2079 Å

2080 Å



 OKV *GTCENKWU %QPUVCPVKPWU WPF *GTCENQPCU Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP   I&TGK-CKUGTUVGJGPXX-TGW\CWHFTGK5VWHGP&1%E5GCT 5GJTUEJÌP





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI&TGK-CKUGTUVGJGPXX-TGW\CWH5VWHGP &1%E5GCT )WVGUXQT\ÒINKEJ





%QPUVCPU++WPF%QPUVCPVKPWU+8Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI $GKFGT$ÒUVGPXX-TGW\CWHFTGK5VWHGP&1%H5GCT 5VGORGNINCP\





Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP !   I $GKFGT $ÒUVGP X X-TGW\ CWH FTGK   5VWHGP&1%L ! 5GCT 5VGORGNINCP\





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI$GKFGT$ÒUVGPXX-TGW\CWHFTGK5VWHGP &1%FXCT5GCT 9KP\-TCV\GTCWHFGO4GXGTUXQT\ÒINKEJp5VGORGNINCP\



2081 Å



2082 Å

2083 Å

 OKV %QPUVCPVKPWU +8 *GTCENKWU WPF 6KDGTKWU Ô5QNKFWU  %QPUVCPVKPQRQNKU  1HHK\KP   I$GKFGT$ÒUVGPXX-TGW\CWHFTGK5VWHGP\YKUEJGP\YGK2TKP\GP&1%G5GCT  8QT\ÒINKEJ





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI$GKFGT$ÒUVGPXX-TGW\CWHFTGK5VWHGP \YKUEJGP\YGK2TKP\GP&1%H5GCT 8QT\ÒINKEJ





%QPUVCPVKPWU +8  OKV *GTCENKWU WPF 6KDGTKWU Ô5QNKFWU  %QPUVCPVKPQRQNKU   1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF5EJKNF-TGW\CWHFTGK5VWHGP\YKUEJGP \YGK2TKP\GP&1% 1HHK\KPHGJNV 5GCT 5GJTUEJÌP

 233


2085 Å

2084 Å

1,5:1

1,5:1

1,5:1

1,5:1



Ô5QNKFWU%CTVJCIQ+PFKEVKQPI)GRCP\GTVG$ÒUVGXXOKV*GNO5RGGTWPF5EJKNF -TGW\CWHFTGK5VWHGP\YKUEJGP\YGK2TKP\GP&1%5GCT# 448QT\ÒINKEJ





+WUVKPKCPWU++4GIKGTWPIÔ5QNKFWU%QPUVCPVKPQRQNKUI$ÒUVG%JTKUVKX X-CKUGTUVGJVXXOKV-TGW\CWHFTGK5VWHGPWPF#MCMKC&1%5GCT  )TCHKVVKMN2T·IGUEJY·EJGUGJTUEJÌPpXQT\ÒINKEJ



&KGGTUVG%JTKUVWUFCTUVGNNWPICWHGKPGT/ÒP\G

2087 Å

2086 Å

2088 Å

2089 Å

1,5:1



Ô5GOKUUKU  %QPUVCPVKPQRQNKU  I $ÒUVG %JTKUVK X X-CKUGT UVGJV X X OKV -TGW\ CWH   )NQDWUWPF#MCMKC&1%5GCT 4)TCHKVVKUVCTMDGUEJPKVVGPUGJTUEJÌP





.GQPVKWU  Ô5QNKFWU %QPUVCPVKPQRQNKU  1HHK\KP  I $ÒUVG X X OKV -TQPG #MCMKC   WPF-TGW\INQDWU-TGW\CWHFTGK5VWHGP&1%G5GCT 5GJTUEJÌP





6KDGTKWU +++  Ô5QNKFWU %QPUVCPVKPQRQNKU  1HHK\KP  I )GRCP\GTVG $ÒUVG X X OKV   -TQPG5RGGTWPF5EJKNF-TGW\CWHFTGK5VWHGP&1%C5GCT -N&TWEMUVGNNGXQT\ÒINKEJ





Ô5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI)GRCP\GTVG$ÒUVGXXOKV-TQPG5RGGTWPF5EJKNF -TGW\CWHFTGK5VWHGP&1%E5GCT 4-N-TCV\GTXQT\ÒINKEJ



2090 Å

1,5:1



1,5:1

#PCUVCUKWU++#TVGOKWUÔ5QNKFWU%QPUVCPVKPQRQNKU1HHK\KPI$ÒUVGXXOKV-TGW\ INQDWUWPF#MCMKC-TGW\CWHFTGK5VWHGP&1%G5GCT 44/KP4CPFHGJNGTXQT\ÒINKEJ

1,5:1

2091 Å

1,5:1



2092 Å



.GQ+++WPF%QPUVCPVKPWU8Ô5QNKFWUWPDGUVKOOVGKVCNKUEJG/ÒP\UV·VVGI$GKFGT UGKVUFTCRKGTVG$ÒUVGXXOKV-TQPG-TGW\INQDWUWPF#MCMKC&1%5GCT$ 445GJTUEJÌP





%QPUVCPVKPWU 8  WPF .GQ +8 Ô5QNKFWU  %QPUVCPVKPQRQNKU  I $GKFGTUGKVU   FTCRKGTVG$ÒUVGXXOKV-TGW\&1%5GCT .GKEJVG2T·IGUEJY·EJGHCUVXQT\ÒINKEJ



234


2093 Å

2094 Å

1,5:1

2095 Å

1,5:1



Ô5QNKFWU  %QPUVCPVKPQRQNKU  I $GKFGT $ÒUVGP X X$ÒUVG .GQU +++ X X OKV -TGW\   &1%C5GCT 8QT\ÒINKEJ





Ô5QNKFWU  %QPUVCPVKPQRQNKU  I $GKFGT $ÒUVGP X X$ÒUVG .GQU +++ X X OKV -TGW\   &1%F5GCT 8QT\ÒINKEJ





0KEGRJQTWU +  WPF 5VCWTCEKWU Ô5QNKFWU  %QPUVCPVKPQRQNKU  I $ÒUVG X X   OKV-TGW\$ÒUVGXXOKV-TGW\INQDWU&1%E5GCT #VVTCMVKXGU'ZGORNCTUGJTUEJÌP



2097 El

1,5:1

2096 Å

1,5:1

1,5:1

1,5:1



Ô5QNKFWU%QPUVCPVKPQRQNKUI&TCRKGTVG$ÒUVGXXOKV-TQPG-TGW\WPF#MCMKC&TC RKGTVG$ÒUVGXXOKV-TQPG-TGW\INQDWUWPF#MCMKC&1%E5GCT 5GJTUEJÌPpXQT\ÒINKEJ





6JGQRJKNWU'N5GOKUUKU5[TCMWUI$GKFGTUGKVU$ÒUVGXXOKV-GW\INQDWU &1%C5GCT (CUVXQT\ÒINKEJ



2098 Å



2099 Å

2102 Å

2100 Å

2101 Å

OKV%QPUVCPVKPWUWPF/KEJCGN+++Ô5QNKFWU%QPUVCPVKPQRQNKUI$ÒUVGXXOKV 2CVTKCTEJGPMTGW\WPF#MCMKCN5VGTP<YGK$ÒUVGPXXQDGP-TGW\&1%F5GCT  5GJTUEJÌP





4QOCPWU+WPF%JTKUVQRJQTWUÔ5QNKFWU%QPUVCPVKPQRQNKUI%JTKUVWUVJTQPV XX$GKFGT$ÒUVGPXXOKV2CVTKCTEJGPMTGW\&1%5GCT 5GJTUEJÌPpXQT\ÒINKEJ





0KEGRJQTWU ++  Ô*KUVCOGPQP %QPUVCPVKPQRQNKU  I $ÒUVG %JTKUVK X X$ÒUVGP FGT   /WVVGTIQVVGUWPFFGU-CKUGTUXXOKV2CVTKCTEJGPMTGW\&1%5GCT *GPMGNURWTUGJTUEJÌP





$CUKNKWU ++  WPF %QPUVCPVKPWU 8+++ Ô6GVCTVGTQP  %QPUVCPVKPQRQNKU  I   $ÒUVG%JTKUVKXX$GKFGT$ÒUVGPXXOKV2CVTKCTEJGPMTGW\&1%D5GCT 5GJTUEJÌP





%QPUVCPVKPWU8+++Ô*KUVCOGPQP%QPUVCPVKPQRQNKUI$ÒUVG%JTKUVKXX$ÒUVGX XOKV.CDCTWOWPF#MCMKC&1%5GCT 5GJTUEJÌP

 235


2103 Å

2104 Å

2105 Å

2106 Å

2107 Å



%QPUVCPVKPWU:Ô*KUVCOGPQP 5E[RJCV %QPUVCPVKPQRQNKUI%JTKUVWU VJTQPVXX-CKUGTUVGJVXXOKV.CDCTWOWPF-TGW\INQDWU&1%5GCT  #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





/KEJCGN 8++  Ô*KUVCOGPQP 5E[RJCV   %QPUVCPVKPQRQNKU  I %JTKUVWU   VJTQPVXX$ÒUVGXXOKV.CDCTWOWPF-TGW\INQDWU&1%5GCT (CUVXQT\ÒINKEJ





Ô*KUVCOGPQP 5E[RJCV  %QPUVCPVKPQRQNKU  I $ÒUVG %JTKUVK X X$ÒUVG X X OKV .CDCTWO   WPF-TGW\INQDWU&1%5GCT #VVTCMVKXGUUGJTUEJÌPGU'ZGORNCT





#NGZKWU+Ô*[RGTR[TQP 5E[RJCV %QPUVCPVKPQRQNKUI%JTKUVWUVJTQPV XX-CKUGTUVGJVXXOKV.CDCTWOWPF-TGW\INQDWU&1%I5GCT  .GKEJVIGYGNNVUGJTUEJÌP



,QJCPPGU++Ô*[RGTR[TQP 5E[RJCV 6JGUUCNQPKECI%JTKUVWUVJTQPV XX-CKUGTWPF/CTKCUVGJGPXXOKV2CVTKCTEJGPMTGW\&1%5GCT )WVGUUGJTUEJÌP





2108 Å

2109 El

2110 El

2111 El



Ô*[RGTR[TQP%QPUVCPVKPQRQNKUI%JTKUVWUVJTQPVXX/CTKCMTÌPV-CKUGT&1% 5GCT )TCHHKVKCO4CPFIGYGNNVUGJTUEJÌP





/CPWGN +  'N#URTQP 6TCEJ[ 5E[RJCV   %QPUVCPVKPQRQNKU  I %JTKUVWU   VJTQPVXX-CKUGTWPF/CTKCUVGJGPXXOKV2CVTKCTEJGPMTGW\&1%D5GCT 5GJTUEJÌP





+UCCMKQU ++ #PIGNQU  'N6TCEJ[ 5E[RJCV  %QPUVCPVKPQRQNKU  I /CTKC VJTQPV X X    -CKUGT UVGJV X X OKV -TGW\\GRVGT WPF #MCMKC WPF YKTF XQO 'T\GPIGN /KEJCGN IGMTÌPV &1%  D    5GCT $TGKVGT(NCPCVVTCMVKXGUUGJTUEJÌPGU'ZGORNCTOKVHGKPGT6ÌPWPI



'N6TCEJ[ 5E[RJCV  %QPUVCPVKPQRQNKU  I /CTKC VJTQPV X X-CKUGT UVGJV X X OKV -TGW\\GRVGT   WPF#MCMKCWPFYKTFXQO'T\GPIGN/KEJCGNIGMTÌPV&1%C5GCT  $GUEJPKVVGPXQT\ÒINKEJGU'ZGORNCTOKVHGKPGT6ÌPWPI





236


2113 Å

2112 Å



/KEJCGN 8+++  Ô*[RGTR[TQP 5E[RJCV  %QPUVCPVKPQRQNKU  I /CTKC KP /CWGTTKPI    -CKUGTMPKGVXQT%JTKUVWUFCJKPVGT5V/KEJCGN&1%HH5GCT ªDGTRT·IVHCUVUGJTUEJÌP





#PFTQPKEWU++WPF#PFTQPKEWU+++Ô*[RGTR[TQP 5E[RJCV %QPUVCPVKPQ RQNKUI/CTKCKP/CWGTTKPI5KINC/# NKIKGTV - $GPFCNN2TKXCVG%QNNGEVKQP5KINC %JTKUVWU MTÌPVDGKFG-CKUGT&1%.2%5GCT 4CPFTKUUGHCUVUGJTUEJÌP



.165 

$[\CPVKPKUEJG)QNFOÒP\GP&CU.QVGPVJ·NV5QNKFKXQP+WUVKPKCPWU+ Z /CWTKEKWU6KDGTKWUUQYKG %QPUVCPVKPWU 8++ OKV 4QOCPWU ++ HGTPGT 6TGOKUUGU XQP 6KDGTKWU ++ %QPUVCPVKPWU *GTCENKWU WPF   %QPUVCPVKPWU+8 5VÒEM5GJTUEJÌPpXQT\ÒINKEJ 



.QV D[\CPVKPKUEJGT /ÒP\GP &CU .QV GPVJ·NV 2T·IWPIGP XQP #PCUVCUKWU +  (QNNGU  0WOOK  DKU   ,QJCPPGU++UQYKGGKPGQUVIQVKUEJG/ÒP\GCWUFGT8ÌNMGTYCPFGTWPIU\GKV  5VÒEM/GKUVUGJTUEJÌP





.QVD[\CPVKPKUEJGT(QNNGU'PVJCNVGPUKPF2T·IWPIGPXQP+WUVKPWU++DKU.GQ8++PVGTGUUCPVGU1DLGMV 5VÒEM5GJTUEJÌP





.QV D[\CPVKPKUEJGT $TQP\GOÒP\GP &CU .QV GPVJ·NV XQTYKGIGPF (QNNGU WPF 6GKNUVÒEMG VGKNU 4  WPF   UQNNVGWPDGFKPIVDGUKEJVKIVYGTFGP 5VÒEM5EJÌPpUGJTUEJÌP



-4'7<(#*4'4 ,'475#.'/-¤0+)4'+%*

2118 El



#PQP[O 'N&KPCT PCEJ HCVKOKFKUEJGO 6[R #N #OKTU  #MMQ  I /CNNQ[  /GVECNHw   HH 8QT\ÒINKEJ

#%*#+#

2119 Å





2120 Å

4QDGTV Fy#PLQW  Ô<GEEJKPG PCEJ XGPG\KCPKUEJGO 6[R %NCTGPV\C  I )CODGTKPK   XGTIN/GVECNHwXGTIN5NI5NQEWOXGTIN 5GJTUEJÌP



&KG<WYGKUWPIKUVPKEJVIGUKEJGTVYCJTUEJGKPNKEJJCPFGNVGUUKEJWOGKPGPCGICGKUEJGP$GKUEJNCI



Ô<GEEJKPG%NCTGPV\CI)CODGTKPKXGTIN/GVECNHwXGTIN5NI5NQEWOXGTIN -TCV\GTUGJTUEJÌP



&KG<WYGKUWPIKUVPKEJVIGUKEJGTVYCJTUEJGKPNKEJJCPFGNVGUUKEJWOGKPGPCGICGKUEJGP$GKUEJNCI

%*+15

2121 Å

2122 Å



(KNKRRQ /CTKC 8KUEQPVK  Ô<GEEJKPG PCEJ XGPG\KCPKUEJGO 6[R  I (D  )CO   DGTKPKXCT 45GJTUEJÌP





Ô<GEEJKPGPCEJXGPG\KCPKUEJGO6[RI(D)CODGTKPKXCT



5GJTUEJÌP

237


(1).+#8'%%*+# 2*1%#'# 

2125 Å

2124 Å

2123 Å



#PFTGQNQ %CVVCPGQ &GNNC 8QNVC  Ô<GEEJKPG PCEJ XGPG\KCPKUEJGO 6[R  I )CO   DGTKPKXCT/GVECNHw 5GJTUEJÌP





&QTKPQ)CVVKNWUKQÔ<GEEJKPGPCEJXGPG\KCPKUEJGO6[RI(D)CODGTKPK /GVECNHw )WVGUUGJTUEJÌP





Ô<GEEJKPGPCEJXGPG\KCPKUEJGO6[RI(D)CODGTKPK/GVECNHw

5GJTUEJÌP



&QTKPQ)CVVKNWUKQ<GEEJKPGPCEJXGPG\KCPKUEJGO6[RI(D)CODGTKPK  5GJTUEJÌP



/;6+.'0'

2126 Å



#4/'0+'0

2127 Å

1,5:1



1,5:1

.GXQP++ + Ô6TCOI-ÌPKIVJTQPVXX2CVTKCTEJGPMTGW\\YKUEJGP\YGK .ÌYGP$GFQWMKCP 8QPITQ­GT5GNVGPJGKV8QT\ÒINKEJ



<WT <WYGKUWPI UKGJG 0GTEGUUKCP #FFKVKQPCN 'XKFGPEG QP VJG #WVJGPVKEKV[ QH %KNKEKCP #TOGPKCP )QNF %QKPU KP   #TOGPKCP0WOKUOCVKE,QWTPCN  5H FKGU'ZGORNCTGTY·JPV 

014/#00'0+05+<+.+'0

2128 Å

2129 Å



4QIGT++Ô6CTKI-WIGNWOJGT5EJTKHV-TGW\WOJGT5EJTKHV5RCJT  (CUVXQT\ÒINKEJ





9KNJGNO++Ô6CTK/GUUKPCI5VGTP-TGW\(TKGFDGTI5RCJT  8QT\ÒINKEJ



.165 



238

0QTOCPPGPKP5K\KNKGP&CU.QVGPVJ·NVFTGKÔ6CTKFGU4WIGTTQ++  UQYKGGKPGPÔ6CTK UGKPGU0CEJHQNIGTU)WINKGNOQ+    5VÒEM4CPFTK­VGKNYGKUGUEJYCEJCWUIGRT·IVUEJÌPpUGJTUEJÌP



(QINKC8GEEJKC 2JQECGC &QTKPQ)CVVKNWUKQ&CU.QVGPVJ·NVPGWP2T·IWPIGPFGU&QTKPQ )CVVKNWUKQ&CTWPVGTUKPFCEJVÔ<GEEJKPGPPCEJXGPG\KCPKUEJGO6[RCWU(QINKC8GEEJKC )CODGTKPK  UQYKGGKPGÔ<GEEJKPGGDGPHCNNUPCEJXGPG\KCPKUEJGO6[RCWU/[VKNGPG )CODGTKPK    5VÒEM/GKUVUGJTUEJÌP




14+'06#.+5%*'/ª0<'0 -+&#4+6'0+0+0&+'0

2132 Å 2133 Å



-KFCTCPCEJÔ5VCVGT6CZKNCI-ÌPKIUVGJVXX)ÌVVKP#TFQMUJQVJTQPVXX)ÌDN $CTDCTKUKGTVUGJTUEJÌP





Ô5VCVGT 5[RJCV -CDWNI-ÌPKIUVGJVNOKV(NÒIGNMTQPGWPF&TGK\CEMXQT#NVCTFCTÒDGT&TGK \CEM5JKXCUVGJVXXOKV&TGK\CEMFCJKPVGT5VKGTN)ÌDN/KVEJKPGT%NCUUKECN  5EJTÌVNKPIUHGJNGT MNGKPG.ÌEJGT XQT\ÒINKEJ



-KFCTCIGJÌTV\WFGP4QVGP*WPPGPGKPGT8ÌNMGTUEJCHVFKGPCEJFGP5M[VJGPWPF;ÒGJ%JKCWUFGTUÒFTWUUKUEJGP 5VGRRG ÒDGT 5QIFKCPC \WP·EJUV PCEJ $CMVTKGP GKPFTKPIV JKGT KO 5VKN FGT -WUJCPQ5CUCPKFGP RT·IV WPF FCPP PCEJ   0QTFKPFKGPYGKVGT\KGJVYQUKGFKG/ÒP\RT·IWPIFGT)WRVCUKJTGTFKTGMVGP8QTI·PIGTPCEJCJOV

*'2*6#.+6'0+0$#-64+'0

2134 Å



#PQP[OÔ5VCVGTI$ÒUVGT(GWGTCNVCT ! /KVEJKPGT

5GJTUEJÌP



&KG<WUEJTGKDWPIGTHQNIVXGTUWEJUYGKUGWPFKUVXÌNNKIWPIGUKEJGTV

-¤0+)'8108+,#;#0#)#4

2135 Å



*CKFCT #NKÔ2CIQFGI5KXCWPF2CTXCVKXX$WEJUVCDG*/KVEJKPGT 5GJTUEJÌP



7/#;;#&'0-#.+('0+0&#/#5-75

1,5:1

2136 Å

1,5:1

2137 Å



#N9CNKF+Ô&KPCTQ,QJPG/ÒP\UV·VVGPCPICDG CN3C[TCYCP I9CNMGTXCT  445GJTUEJÌPXQT\ÒINKEJ



5WNC[OCPDKPy#DFCN/CNKM ! Ô&KPCT#*  I9CNMGT  5GJTUEJÌP &CU5VÒEMKUVOÌINKEJGTYGKUGCWEJWPVGTy7OCTDKPy#DFCNy#\K\IGRT·IVYQTFGP

  239


#4#$15#5#0+&'0

2138



7OC[[CFKUEJG )QWXGTPGWTG KP (CTU 7DCKFCNNCJ KDP <K[CF  Õ&TCEJOG  # *      CN$CUTC  I &TCRKGTVG $ÒUVG T OKV -TQPG(GWGTCNVCT \YKUEJGP \YGK #UUKUVGP\HKIWTGP   9CNMGT5$ (CUVXQT\ÒINKEJ



#/+4+&'0+0#./'4+# 2139 Å



#N/CPUWTCDFCN#\K\Ô&KPCTQ,I/KNGU

5GJTUEJÌP



#;;7$+&'0

2140 Å



#N #\K\ +OCF CNFKP CDW N(CVJ 7VJOCP  Ô&KPCT  #*   CN+UMCPFC   TK[CI$CNQI 5GJTUEJÌP



/#/.7-'0

2141 Å



#N<CJKT4WMPCNFKP$C[DCTU+Ô&KPCTKO0COGPFGU-CNKRJGPCN/WUVCPUKTI $CNQI -PCRRGT5EJTÌVNKPIUGJTUEJÌP



57.6#0#6&'.*+

2142 Å

2143 Å



Ô&KPCT#*  *CFTCV&GNJKI9TKIJV

(CUVXQT\ÒINKEJ



/WJCOOCFKDP6WIJNWSÔ&KPCTKO0COGPFGU-CNKRJGPCN/WUVCMYK+#*   *CFTCV&GNJKI9TKIJV .GKEJVIGYGNNVXQT\ÒINKEJ

 

)4155/1)7.'+0+0&+'0

2144 Å

 240

/WJCOOCF#MDCTÔ/QJWT#*  .CJCYWTI-C\CP%QNN  8QT\ÒINKEJ




5'.&5%*7-'0+047/

2145



-C[-JWUTW ++  Õ&KTJGO  #*  #&  3WK[C  I 5QPPG ÒDGT   .ÌYGT5EJTKHV/KVEJKPGTXGTINHH )WVGUUGJTUEJÌP



/10)1.'0+02'45+'0

2146 Å



#DW5CKFÔ&KPCT,CJTWPNGUDCT#UVGTCDCFI

5GJTUEJÌP



.165 

1TKGPVCNKUEJG)QNFOÒP\GP&CU.QVGPVJ·NVWCÔ&KPCTGFGT)TQ­UGNFUEJWMGPFGT+NCM-JCPUWPF FGT)C\PCYKFGP&KG5VÒEMGUKPFÒDGTYKGIGPFDGUVKOOV 5VÒEM/GKUVUGJTUEJÌP





1TKGPVCNKUEJG)QNFOÒP\GP&CU.QVGPVJ·NVWCÔ&KPCTGFGT#DDCUKFGPWPF(CVKOKFGPUQYKGÔ &KPCTGFGT(CVKOKFGPWPF#IJNCDKFGP&KG5VÒEMGUKPFOGJTJGKVNKEJDGUVKOOV  5VÒEM<YGK5VÒEMDGUEJPKVVGP5VÒEMXKGTOCNIGNQEJVOGKUVUGJTUEJÌP





.QVQTKGPVCNKUEJGT)QNFOÒP\GP&CU.QVGPVJ·NVÒDGTYKGIGPFÔ&KPCTGWC2T·IWPIGPFGT)JC\PC YKFGP $CJTK /CONWMGP )TQUU 5GNFUEJWMGP UQYKG FGT 1UOCPGP 9GKVGTJKP UKPF CWEJ /ÒP\GP FGT   +NMJCPKFGP 5CTDCFCTKFGP #[[WDKFGP WPF <CPKFGP XGTVTGVGP &KG 5VÒEMG UKPF ÒDGTYKGIGPF DGUVKOOV   &CU.QVKUVCNU)TWPFUVQEMHÒTGKPG1TKGPVCNGPUCOONWPIIGGKIPGVWPFUQNNVGDGUKEJVKIVYGTFGP  5VÒEM6GKNYGKUGUGNVGP/GKUVUGJTUEJÌP 



.QV /CONWMGP &CU .QV GPVJ·NV  Ô &KPCTG FGT $CJTK /CONWMGP WPF  Ô&KPCTG FGT $WTLK   /CONWMGP#NNG5VÒEMGUKPFDGUVKOOV 5VÒEM5GJTUEJÌPDKUXQT\ÒINKEJ



241


242


243

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