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ps ebocipc9Ioue LGboLcq iu conwua j uq o JJJG2G LG21LICGq woqGJ2cp9uaGe !U W91)(G IG1flLU2 JJJG2G colkeabouq o 2!WbG p121-qI44GLGUCG 6211W9.fG2 04

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uq tuqn2LA G44cc2t suq 9IG1U9!AG ebecqic9iou2 04 fiG bGL4oLwGucG WG9211162 10

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MG GXbIOLG fiG !UGLGWbOLSl 2(flC.ffl1G 04 fiG bYA-4o1-bGL4oLwsuce LGl9!OU2p!b

bel4olwsuco OU CEO byA

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p0U112 jG2G LG2fl42 2rIa8Ga p9 6AG2 ebGct4!cs!ou2 4J91 92211W6 4JG b9A-4oL-

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WOG( 04 edng4ioue (j) suq (

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boiec.qA beLCia4ou4 9bb0912 40 P644G1 294!24A 4G q949 V2 !U 1G IGAGI2 Gdnsioue'

04 .flJG2G 4M0 piäpA eiwbiicq ebscipc94iou2 gaenwiua .flJ94 boL4oLw9ucG 6446C42 916

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Luoqi4iGq' P114 2!W!I9L cowbGuag4iou Gdfl94i0U2

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cowbIGo bGL2ieGucG woqe 922flWG2 = = = =LGInLU !? (I? - t?0)' uq fiG COG44IC!9U OL) po 2GCOUq I9 04 W91KG1 LGflLU (I? - L?) ieCOGI4!C!0U1 OU COLUGWbOL9UGOfl2 W9LG IGII1IU !2 O% W9 C0GU(C!GU OU 6 U12 1g6 o woqcoi

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-•o'tB (O.IOY

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noiteeneqmoo fatot gnlau C bne eIdsT To eayIsns edt astsDiIqsl eldsT

r nmuloD .ysq GVItUOSXS To siuceem out es auriod brie VIBIBa nedt isritsi (JATOT)

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tuods o\°c. Er ci lebom cuD ni arnuteu Orlitnu003e flu eassuoni tnioq estneoieq 01 e to

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ci (emit usvo aeqole eonsmioIueq leups) tnstaiausq yltoeheq ci qirlenoit&ei silt teth test eth as betudhtcib ,arnutei gnitnu003s bn6 te*iem rltod uot 1.8 bns ernutsu te*ism iot a.or

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brie yislsa no nerD noitscnsqmoo Istot no enlutsi teliem tesq To toeqmi lep161 silT to eulsv silt eebuloni JATOT .JATOT To aoitouutanoo silt nsviQ botoeqxenu ton ci aunod

teliem 'aissy euoivsiq no yliveed bneqeb Iliw tloirlw ,beeioiexs 916 yerl as anoitqo )loote arnutel

UGa9I1AG' pn 2W9fl6L uq U012!GL' COG.LpCIGUJ G2IW9.62 OU f4JG U609.rIAG S9LIJIUaa uqIcoLfiG 1916 0J CpYU0G tu cowb6u29!ou VbbA!ud K9bI9U2 2bGc!icsou 10 OflI q919 MGq2

jp!2 qt4eL2 iow K9b,gu (J f)' MpO !wbUC!11A 922flW62 .1p94 UGä9!A6 G9LU!1Jd2 9446C1

ui A6912 W6 t!1W 16b0142 UGä9JA6 bLG-i9x IUCOWG32K9b,Gu LI aan 4!uqa GA!qGUCG .1pgpo cowbGue9iou 04 p12 2BwbIe 04 112 CEO2 q6CiuG2

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401 flJG J ce' gcconu.1Iuä 102262 qniuuä .I4JG .1 8O2 LG11CG 2919LA Guq 0Ufl2 pA spon

q11C.1 G446C4 .qiLofläp fiG gcconu.1iua LeJ:flLU ALI9pG MP!IG i6 62.1! waic !2 49!LIA U0!2A

JjJG lG2fll.12 2naaG2.1 .Ipg sccoriu.1iuä 1022G2 isqncs cowbGu2g.1iou poAouq 14JG!L

!uqc9.1oL ASU9PIS .19.1 GdflYIe ous !u Aeie Mi.1p ioboi.1eq gcconu4iuä 10226239

cgcconujiuä LGJnLu' MG 62.11 W9.IG .1P026 4112.1 qI44GLGUCG woqea n2iuä .14.16 Cp9UQG !U 9U

21J14J We IGAGI oJ cowbeuag.1iou pGAouq W.1 bieqiccq pA WG 2lobG C0G44IC!GU.1 0U

2Gb9L9.IG COUILOI 101 UGä9.1!AG 9CCOflU.1!Ud ceiuiuaa jO .1G2.1 MPG.14J61 9ccoau.1iua f022G2

lu C0flWU j 04 .19P1G2 2 uq Q MG woqqA 0111 p92!c ebGci4!cs.1iou .1o iucnqo

bGL4oLwsucG .IGLW2 .1ouq .10 pG 2!W!)9L )fl.1 U012!GV

COU.IGWbOL9UGO112 LG.ITILU WG9211LG2 4JG b9eLu2 04 COG44IC!GU.12 OU fiG 9ääGq

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9u9IA2I2 oi. cowbcueg.1!ou B0.1}J .19P102 1126 fiG 1!L2.1 q446L6UCG 2bGCI4!C9.I1OU 04

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cpYuäG2 M!.1piU 20W9 11U01W9L IGUäGS

cowbGU2g.1iou LG2bouq qi44oLcu.1iA .o nuri2neIIA 1siäe cpuaee !U bGL4OLW9UCG IpSU .10

ieebouq qI4IGLGU.1IA o bGL4oLweucG dg!u2 I9U o bGL4OLW9UCG I02262 jjiiLq' qoe

IG2bOU2!AG (01 UOU-LG2bOU21AG) jO gcconu.1!ua 1022G2S32 GCoUq' qoGe cowbeueg.pou

cou2iqGl .1PLGG IAb62 04 bo2e!pIG g2AwwG.1LIG2 E!12I' !2 cowbeuagI!ou flUfl2fl9JIA

boIGuI!gI 92AWWGIL!G2 !U .11.16 !wbeCI o4 bGL4OLW9UCG OU CEO cowbeu2gIiou MG

2 OuiL 4!U9I 2.1Gb !U woqciuä .1PG beA-4oL-bGL4olweuce LeIg.1!ouaIJ!b' MG GXbIOLG

52

AflG 4oL E(e'oo 12 io IPG collc2bouqiuä J62J 29iI2iC 401 WG J8o 2 330qGcLeg2Gq L6IflLU2 !U 1JG 1 8802 ! A t8' qI2upnGq g2 E(e1e32r jG bGlcctu CqC9

JJJG -62 401 WO LG2LICIOU f4J9 pe 2IobG2 gIG IIJG 29W0 9CL022 IUCLGY2Gq uq

!U 1GJ11LU2 qniiua ,4JG J 302 JJJG GaliWalGq 2GU21.PA1J!62 o.t cowbou2apou J0

COUCfl2IOU 04 8GUGL9IIA aAWWGLIC cowbGu29iou LGaboueG2 .jo 1uC169262 uq GCLGB262

IPG 1G2flg2 oi ojp cowbcu29iou IU fpJG Q COJflWU 9LG COU2!24GU.g M!.p WG

qI1GCI0U 04 9LäG1 cowbGu2g!ou LG2bOU2G2 J0 CG9G !U LGU11U23

A 88oe 'flJon8p p2 p1bopseie CGU pG LGGCGq 401 4JG J a.o2' .I4JG LG1GC4!OU 12 !U fiG

bGL4oLwGucG 2GU2iiAi4A 12 pG 29W6 401 1UC169262 uq 9C1G92G2 IU LGIflLU2 qflu fiG

fiG CpSUäG !2 boewAc 01 UG6g.iAG JJJG q949 qo UOA LG1GC. fiG pAbofiee!2 14J9 fiG

E0L gcconu,ud LGff1W2 fiG j 3802 bGL4oLw9ucG 2GU2I!AIA 2 iuqebouqGu o MGJT4JGL

401 .PG däeq 1G.flLU WGG2flLG2 GIG 91W02J iqGUIC9, 9CL022 1uC1Gg202 uq qGCLGG2G2

fiG G2.l!W9.G2 GIG M!.flJ!U M0 auqq GLLOL2 04 G9C 0fliGL Guq fiG bo!u G2IW9G2

LGJnLu enaaGa 21!äpfA WOLG 26U2U:iALA 10 boiw Cp9UäG2 fJ9U .fO uGägfIAG 0UG2 Dfl

bo2iWe cpGuäGe !U LG4flLu jG ,J 3802 boiu. G24!W24G2 OU CflLLGUJ CpGUäG2 !U WGLKG.1

bGL4oLwGucG qrlLiUä fiG J 3802 LG2flG I9LdGIA p.0w IUCLGS2Gq LG2b0U2!AGUG22 0

JJJG G9IgLA uq 0Ufl2 LG2flI2 2n6aG2 fJ9 fiG IUCLGG2Gq 26U2!.flA A 04 bA o

eiäuipcgu 92AWWGUG2 !u cowbGu29iou L62b0u2G2 qnLiuä fiG J 3802

GCLG92G2 !U 1GflLU (vLcnw UGäGIIAG) MG 4Uq I!UIG GMGUCG 04 GCOUOWICGIIA

cp9uaGe lu IGnLU o q14461 GMGGU IUCLG92GG lu 1G11LU (V164r11u bo2iiAe) uq

uq 02262 IU COIr1WU 5 04 9PI2 2 uq JJ.JG2G LGaLG22!0u2 9110M fiG elobG 0U .I4JG

MG GxbIoLG MGflJG1 cowbGu29!ou LGabouq2 ql44GLGUfGA o bGL4oLwsucG ag!U2

gbbo2iG o .qia 4LcdnGuqA csiweq !U fiG bobniL bLGGe

IG2bOU2IAG o bo2i.!AG gcconuiua LG.fflLUG .14J9U 0 gcconuiu3 I022G29U G2AWWGfLA

pA OUG-4!4f.J J0 0UG-dfl9LG1 ..LP!2 2flääGeJ2 pa cowbsuejiou !2 20WGMp64 622

iucnqiua fi!2 AGLIGPIG 9bbGGLG 0 L6flCG fiG C0G44!C!GUJ OLJ C11LLGU gcconu.iiu6 LGJI1LU2

cowbGu29iou GCLGG2G iwbIGq pA fiG C0G44!C!6UJ OU 9CC0flLJ.gUä L6.flLU J0160AGL

59

6X9w'uGq.JJJG buw MG qG2CLIpG PGOM 916 49IqA COLI2I2GU. 9CL022 OWGL 4JLG2O2 MG 9AG

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1GflLU flUG1 G2G qGu!ou2

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UflWGL!C91 4JLG202 JOL 2flp2J9U.I9L, JJJG 1G2fl2 LGboLGq iii TJG bebGI ul2G

12flp29uI911A11 9POAG pe wGqieu cieuäe MG 9AG GxbGLiwGuGq M!4J 2GAGLGJ

wGq!gu CpSUäG' poee MIpIU peuq gionuq weqeu cpsuaGt uq 1J02G

I4JLGG Cp922G2: fi026 !u Mp!Cp fiG cpeuäG IU IGff1LU M92 12flp2.9U1!9lIA11 PGIOM fiG

W692111G 9C1022 9fl ILW2 !U fiG qS192G.r MG 4JGU qiAiqe fiG 0p2GLA9.IOU2 !U0

MG cowbie 4JG cpeuaG !U G9C LGff1LU WG921LG .O fiG WGI9U CpSUäG PU IJG1 LGIflLU

bGLoLw9ucc,, 12 JC9!LA 9LpLL9Lk MG obGL9ioug,ie 92 OII0M2 L°1 G9CIJ !LWAG9L

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EIU9JIA' MG GXb0LG MJJG14J91 cowbeuegjiou LG2bouq2 qqGLGUI9A jo nunenejiA

q!216891q6q !U CGWUä GXGCflfJIG C0WbGu29.!0u

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J OL fiG J a80238 OA619II f4JG L62fl2 !U fiG 4!L2 .M0 C0flWU2 04 9PIG2 2 euq

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