ෘ↢ഭ௛⑼ቇ⎇ⓥ⾌⵬ഥ㊄㧔ሶߤ߽ኅᐸ✚ว⎇ⓥ੐ᬺ㧕ಽᜂ⎇ⓥႎ๔ᦠಽᜂ⺖㗴 㧦 ⠌ᘠᵹ↥ߦኻߔࠆᄦ࡝ࡦࡄ⃿఺∉≮ᴺ    㧙ࠊ߇࿖ߦ߅ߌࠆታᘒ⺞ᩏߣ੹ᓟߩዷᦸߦ㑐ߔࠆ⎇ⓥ㧙
⎇ⓥಽᜂ⠪ ┻ਅବⴕ

ᣣᧄක⑼ᄢቇ↥ᇚੱ⑼ᢎ᝼

⎇ⓥⷐᣦ
⠌ᘠᵹ↥ߦኻߔࠆ࡝ࡦࡄ⃿ャᵈ≮ᴺ㧔ᄦ࡝ࡦࡄ⃿఺∉≮ᴺ㧕ߪ‫ᦨޔ‬ೋߦⴕࠊࠇߡ߆
ࠄ㧠ඨ਎♿ࠍ⚻ߚ⃻࿷ߦ⥋ߞߡ߽૞↪ᯏᐨߦ㑐ߔࠆ⎇ⓥߪᱴߤㅴዷࠍ⷗ߡ޿ߥ޿‫ᦨޕ‬ㄭߩࡔ࠲ࠕ࠽࡝ࠪࠬߢߪ‫≮∉఺ޔ‬ᴺߩ᦭ലᕈߪ⏕⹺಴᧪ߡ߅ࠄߕ‫☨ޔ‬࿖ (&# ߇⊒ߒߚ‫ޔ‬఺∉≮ᴺߪ᦭ലᕈߣ቟ోᕈ߇⏕⹺಴᧪ࠆ߹ߢߪߒ߫ࠄߊⴕࠊߥ޿ߣ޿߁൘๔ߦࠃࠅ‫ޔ‬
ᧄ≮ᴺߪㆊ෰ߩㆮ‛ߩࠃ߁ߥሽ࿷ߦߥߞߡߒ߹ߞߚ‫ޕ‬ࠊ߇࿖ߢߪ  ᐕߦ┻ਅ߇ⴕߞߚో࿖ࠕࡦࠤ࡯࠻⺞ᩏߩ⚿ᨐ‫ ⚂ޔ‬㧑ߩᣉ⸳߇૗ࠄ߆ߩᒻߢᄦ࡝ࡦࡄ⃿఺∉≮ᴺࠍⴕߞߡ޿ߚ‫ߩߘޕ‬ᓟ‫ޔ‬ᣣ↥ᇚ↢ᱺౝಽᴲᆔຬળߩਇ
⢒∝ߦ㑐ߔࠆዊᆔຬળߢߩ⺞ᩏߢ߽߶߷ห᭽ߩ⚿ᨐࠍᓧߚ‫ޔᤨߩߎޕ‬หᤨߦ‫ޔ‬ャᵈߔࠆ࡝ࡦࡄ⃿ߦ᡼኿✢ᾖ኿ࠍⴕߞߡ޿ߥ޿ᣉ⸳߇ዋߥ߆ࠄߕ⹺߼ࠄࠇࠆߎߣ߇್᣿ߒߚ‫⼊ߩߘޔߢߎߘޕ‬㏹߽฽߼ߡᣣ↥ᇚ⹹㧔8QN  㧕ߦᄦ࡝ࡦࡄ⃿఺∉≮ᴺታᣉߦ޽ߚߞߡߩࠟࠗ࠼࡜ࠗࡦ⊛ߥႎ๔ᦠࠍ⊒⴫ߒߡ޿ࠆ‫ࠄ߆ࠇ޽ޕ‬ᢙᐕߩᤨ㑆⊛⚻ㆊࠍ⚻ߡ‫ޔ‬ਇ⢒∝ቇ߽ㅴᱠߒ‫ޔ‬ㆊ෰ߦⴕࠊࠇߚ఺∉≮ᴺ߇ᔅߕߒ߽ㆡಾߥᒻߢⴕࠊࠇߡ޿ߥ߆ߞߚߎߣ߽᣿ࠄ߆ߦߥߞߡ߈ߚ‫⎇ᧄޕ‬ⓥߢߪᧄ≮ᴺߦ㑐ߔࠆᢥ₂ߩᬌ⚝ࠍⴕ޿‫ᦨޔ‬ㄭߩ਎⇇ߩ⠨߃ᣇࠍ⠨ኤߔࠆߣ౒ߦ‫߇ࠊޔ‬࿖ߩㆊ෰ߩታᘒ⺞ᩏࠍ〯߹߃ߡᣣ↥ᇚ⹹ߢߩ൘๔ᓟߩታᣉ⁁ᴫ╬ࠍ⺞ᩏߔࠆߎߣߦࠃࠅ‫߇ࠊޔ‬࿖ߢߩᦨㄭߩേะࠍಽᨆߔࠆ‫ޕ‬㧭㧚⎇ⓥ⋡⊛⠌ᘠᵹ↥ߦኻߔࠆ࡝ࡦࡄ⃿ャᵈ≮ᴺ㧔ᄦ࡝ࡦࡄ⃿఺∉≮ᴺ㧕ߪ‫ޔ‬ᐕ6C[NQT㧔╙ਃ⠪නᩭ⃿㧕‫ޔ‬$GGT㧔ᄦ࡝ࡦࡄ⃿㧕ߦࠃࠅ⋧ᰴ޿ߢᚑഞ଀߇ႎ๔ߐࠇߚߎߣߦᆎ߹ߞߚ‫ེ⤳ޕ‬⒖ᬀߢⴕࠊࠇߚャⴊ≮ᴺ㧔&QPQTURGEKHKEVTCPUHWUKQP㧕ߦࡅࡦ࠻ࠍᓧߚ߽ߩߢ޽ࠆ߇‫ޔ‬ᒰᤨਇ⢒∝ߦኻߔࠆ᦭ലߥᴦ≮ᴺ߇ዋߥ߆ߞߚᤨᦼߦ‫ߥ⊛ᦼ↹ޔ‬ᴦ≮ᴺߣߒߡᄢ޿ߦᦼᓙࠍ㓸߼ߚ߽ߩߢ޽ߞߚ‫ޕ‬ᒰೋ߆ࠄࡔࠞ࠾࠭ࡓߪਇ᣿ߢ޽ࠅ‫ޔ‬㧠ඨ਎♿ࠍ⚻ߚ⃻࿷ߦ⥋ߞߡ߽૞↪ᯏᐨߦ㑐ߔࠆ⎇ⓥߪᱴߤㅴዷࠍ⷗
ߡ޿ߥ޿‫ߩߘޕ‬ᓟ‫ޔ‬ᐕߩ/QYDTC[ࠄߩ4%6ࠍ⊹ಾࠅߦ‫ޔ‬ᄙߊߩ4%6߇ⴕࠊࠇߚ‫ޕ‬ᐕ‫ޔ‬5EQVV߇ⴕߞߚߩ4%6ࠍ߹ߣ߼ߚࡔ࠲ࠕ࠽࡝ࠪࠬߦࠃࠆߣ‫ޔ‬ᄦ࡝ࡦࡄ⃿఺∉≮ᴺߩ᦭ലᕈߪ⏕⹺಴᧪ߥ߆ߞߚ‫ޕ‬᳿ቯ⊛ߣߥߞߚߩߪ‫☨ޔ‬࿖(&#߇⊒ߒߚ൘๔ߢ޽ߞߚ‫ࠊߥߔޕ‬ߜ‫≮∉఺ޔ‬ᴺߪ᦭ലᕈߣ቟ోᕈ߇⏕⹺಴᧪ࠆ߹ߢߪߒ߫ࠄߊⴕࠊߥ޿ߣ޿߁߽ߩߢ޽ߞߚ‫⚿ߩߘޕ‬ᨐ‫≮∉఺ޔ‬ᴺߪㆊ෰ߩㆮ‛ߩࠃ߁ ߥሽ࿷ߦߥߞߡߒ߹ߞߚ‫ޕ‬  ࠊ߇࿖ߩ⃻⁁ߪߤ߁ߢ޽ࠈ߁߆‫ ޕ‬ᐕߦ┻ਅߪ‫ోޔ‬࿖ߩᄢቇ∛㒮ࠍਛᔃߦ‫∉఺ޔ‬≮ᴺߦ㑐ߔࠆࠕࡦࠤ࡯࠻⺞ᩏࠍⴕߞߚ‫ߘޕ‬ߩ⚿ᨐ‫ ⚂ޔ‬㧑ߩᣉ⸳߇૗ࠄ߆ߩᒻߢᄦ࡝ࡦࡄ⃿఺∉≮ᴺࠍⴕߞߡ޿ߚ‫ߩߘޕ‬ᓟ‫ޔ‬ᣣ↥ᇚ↢ᱺౝಽᴲᆔຬળߩਇ⢒∝ߦ㑐ߔࠆዊᆔຬળߢߩ⺞ᩏߢ߽‫߷߶ޔ‬ห᭽ߩ⚿ᨐࠍᓧߚ‫ޔᤨߩߎޕ‬หᤨߦ‫ޔ‬ャᵈߔࠆ࡝ࡦࡄ⃿ߦ᡼኿✢ᾖ኿ࠍⴕߞߡ޿ߥ޿ᣉ⸳߇ዋߥ߆ࠄߕ⹺߼ࠄࠇࠆߎߣ߇್᣿ߒߚ‫ߘޔߢߎߘޕ‬ߩ⼊㏹߽฽߼ߡᣣ↥ᇚ⹹㧔8QN  㧕ߦᄦ࡝ࡦࡄ⃿఺∉≮ᴺታᣉߦ޽ߚߞߡߩࠟࠗ࠼࡜ࠗࡦ⊛ߥႎ๔ᦠࠍ⊒⴫ߒߡ޿ࠆ‫ޕ‬޽ࠇ߆ࠄᢙᐕߩᤨ㑆⊛⚻ㆊࠍ⚻ߡ‫ޔ‬ਇ⢒∝ቇ߽ㅴᱠߒ‫ޔ‬ㆊ෰ߦⴕࠊࠇߚ఺∉≮ᴺ߇
ᔅߕߒ߽ㆡಾߥᒻߢⴕࠊࠇߡ޿ߥ߆ߞߚߎߣ߽᣿ࠄ߆ߦߥߞߡ߈ߚ‫⎇ᧄߢߎߘޕ‬ⓥߢߪ‫ޔ‬ᄦ࡝ࡦࡄ⃿఺∉≮ᴺߦኻߔࠆ਎⇇ߩേะࠍᛠីߔࠆߚ߼ߩᢥ₂ᬌ⚝ࠍⴕ޿‫੹ޔ‬ᓟࠊ߇࿖ߩ఺∉≮ᴺࠍߤߩࠃ߁ߦ⠨߃ߡⴕߊߴ߈߆ࠍ⠨߃ࠆ਄ߢၮ⋚ߣߥࠆో࿖⺞ᩏ‫ޔ‬ಽᨆࠍⴕ߁ߎߣࠍ⋡⊛ߣߒߚ‫ޕ‬67
㧮㧚⎇ⓥᣇᴺ㧰⠨ኤ
㧕ᢥ₂ᬌ⚝   ᐕ 6C[NQT㧔╙ਃ⠪නᩭ⃿㧕‫ޔ‬$GGT㧔ᄦ࠺࡯࠲ࡌ࡯ࠬߣߒߡ 2WD/GF ࠍ↪޿ߚ‫ޕ‬ᬌ࡝ࡦࡄ⃿㧕ߦࠃࠅ⋧ᰴ޿ߢᚑഞ଀߇ႎ๔ߐ⚝ᑼߪ=KOOWPQVJGTCR[#0&TGEWTTGPVࠇߚ࡝ࡦࡄ⃿఺∉≮ᴺߪ‫ޔ‬㧠ඨ਎♿એ਄ࠍ
OKUECTTKCIG?=RCVGTPCNN[ORJQE[VG⚻ㆊߒߚ⃻࿷ߢ߽޿߹ߛߦ᦭ലᕈߣ቟ోᕈ
KOOWPK\CVKQP#0&OKUECTTKCIG14ߦ㑐ߔࠆ⼏⺰߇⛘߃ߥ޿ᴦ≮ᴺߢ޽ࠆ‫ޕ‬TGEWTTGPVCDQTVKQP?ߣߒߚ‫ޕ‬ ᐕ‫ޔ‬/QYDTC[ ࠄߦࠃࠅೋߩ 4%6 ߇ⴕࠊ2㧕 ࠕࡦࠤ࡯࠻⺞ᩏࠇ‫ޔ‬એᓟᄙߊߩᚑഞ଀߇┙ߡ⛯ߌߦႎ๔ߐ⴫㧝(೎⚕)ߩࠃ߁ߥࠕࡦࠤ࡯࠻ࠍ૞ᚑߒ‫ޔ‬ࠇ ߚ ‫  ޕ‬ᐕ ߦ 4GEWTTGPV /KUECTTKCIGో࿖ߢਇᅧ∝࡮ਇ⢒∝⸻≮ߦജࠍ౉ࠇߡ޿+OOWPQVJGTCR[6TKCNKUVU )TQWR ߦࠃߞߡࠆ∛㒮‫≮⸻ޔ‬ᚲߦㅍઃߒߚ‫ߩ࠻࡯ࠤࡦࠕޕ‬ⴕࠊࠇߚࡔ࠲ࠕ࠽࡝ࠪࠬߢߪ‫≮∉఺ޔ‬ᴺߦㅍઃኻ⽎ᣉ⸳ߪᣣ↥ᇚቇળߦ⊓㍳ߒߡ޿ࠆࠃࠅ↢ఽ಴↢₸ࠍ 㧙㧑਄᣹ߐߖࠆߎߣ↢ᱺ⵬ഥක≮ታᣉ⊓㍳ᣉ⸳ߣߒߚ‫ޕ‬߇␜ߐࠇߚ‫ߩߘޕ‬ᓟߐࠄߦ∝଀ࠍㆬ೎ߒ‫ޔ‬⥄Ꮖ᛫૕଻࿃⠪ߥߤࠍ㒰޿ߚ㓸࿅ߢಽᨆߔ㧔୶ℂ㕙߳ߩ㈩ᘦ㧕ࠆߣ‫ࠅࠃޔ‬㜞޿᦭ലᕈ߇޽ࠆߎߣ߇್᣿ߒᧄ⎇ⓥߪᣣᧄක⑼ᄢቇߩ୶ℂᆔຬળߩᛚߚ‫ ޔ߇ࠈߎߣޕ‬ᐕ .CPEGV ߦ⊒⴫ߐࠇߚ⹺ࠍᓧߡ޿ࠆ‫ޕ‬
1DGT ࠄߩ⺰ᢥߪ‫᦭ߩࠄࠇߎޔ‬ലᕈࠍ⌀ߞะ߆ࠄุቯߔࠆ߽ߩߢ޽ߞߚ‫߇࠲࡯࠺ߩߎޕ‬㧯㧚⎇ⓥ⚿ᨐ⚵ߺㄟ߹ࠇࠆߎߣߦࠃࠅ‫ࠬࠪ࡝࠽ࠕ࠲ࡔޔ‬1㧕 ᢥ₂ᬌ⚝ߪࡀࠟ࠹ࠖࡉߣߥߞߚ‫ߩߘޕ‬ᓟ‫ޔ‬1DGT ⺰ᢥ=KOOWPQVJGTCR[#0&TGEWTTGPVߦߪࠬ࠲࠺ࠖ࠺ࠩࠗࡦ߿ౕ૕⊛ߥᣇᴺ⺰ߩ
OKUECTTKCIG?ߩᬌ⚝ᑼߢ  ઙ߇ࡅ࠶࠻ὐߢᄙߊߩ໧㗴ὐ߇޽ࠆߣߩᜰ៰ࠍฃߌߡߒߚ㧔⧷⺆એᄖߩ⸒⺆ߢᦠ߆ࠇߚ⺰ᢥ߽฽޿ࠆ‫ᦨޕ‬ㄭߢߪ 2CPF[ ߣ #ITCYCN ߩ 4%6 ߢ߻㧕‫ߩߎޕ‬ਛߢᦨ߽ᣂߒ޿߽ߩߪ %NCTM&#㜞޿᦭ലᕈ߇␜ߐࠇ‫⚿ߩࠬࠪ࡝࠽ࠕ࠲ࡔޔ‬ߩ #O,4GRTQF+OOWPQN⹹   ᨐߪౣ߮ࡐࠫ࠹ࠖࡉߦォߓߚ‫ޔߦ߁ࠃߩߎޕ‬ߢ޽ߞߚ‫ޕ‬᦭ലᕈߦ㑐ߔࠆ⼏⺰ߪଐὼᷙᴋߣߒߡ޿
=RCVGTPCN N[ORJQE[VG KOOWPK\CVKQPࠆ‫ޕ‬
#0&OKUECTTKCIG14TGEWTTGPVCDQTVKQP?
఺∉≮ᴺߦ㑐ߔࠆ⊒⴫⺰ᢥᢙߩផ⒖ࠍ⷗ߩᬌ⚝ᑼߢߪ  ઙ߇ࡅ࠶࠻ߒߚ‫ߩߎޕ‬ᬌߡߺࠆߣ㧔࿑㧝㧕‫ ޔޔ‬ᐕߩ  ઙࠍ⚝ᑼߢᦨ߽ฎ޿߽ߩߩ߭ߣߟߦ‫ޔ‬/QYDTC[ࡇ࡯ࠢߣߒߡẋᷫߒߡ޿ࠆ‫ޔߦ․ޕ‬1DGT ⺰,( GV CN ߩ 4%6 㧔 .CPEGV ᢥ߇⊒⴫ߐࠇߚ  ᐕ‫&( ߦ߮ࠄߥޔ‬# ߇ุ  㧕߇޽ࠆ‫ᦨޔߚ߹ޕ‬ᣂߩ߽ቯ⊛ߥ൘๔㧔 ᐕ  ᦬㧕ࠍ಴ߒߚᓟߪ‫ޔ‬ߩߢߪ‫;ޔ‬CPI* ࠄߩ (GTVKN5VGTKN⹹⪺᣿ߥᷫዋࠍ␜ߒ‫ ޔ‬ᐕߦߪᐕ㑆⊒⴫ᢙ㧔㧕ߩ⺰ᢥ߇޽ࠆ‫ޕ‬߇  ઙ߹ߢߦᷫዋߒߡ޿ࠆ‫ߩߘޕ‬ᓟߪᐕ㑆 =KOOWPQVJGTCR[#0&TGEWTTGPV㧙 ઙߢផ⒖ߒߡ޿ࠆ߇‫ߩߘޔ‬ౝኈࠍߺࠆߣOKUECTTKCIG?ߩᬌ⚝ᑼߢࡅ࠶࠻ߒߚ ᄦ࡝ࡦࡄ⃿఺∉≮ᴺ߇ࡔࠗࡦ࠹࡯ࡑߣߥߞઙࠍᐕઍ೎ߦਗߴ‫ޔ‬ฦᐕᐲᲤߩ⊒⴫⺰ᢥᢙߡ޿ࠆ߽ߩ‫≮ࡦ࡝ࡉࡠࠣ∉఺ޔ࡯ࡘࡆ࡟ޔ‬ࠍ⺞ᩏߒߚߣߎࠈ‫ޔ‬࿑㧝㧚ߦ␜ߔᅤߊ‫ޔ‬ᴺߣߩኻᲧߣߒߡᦠ߆ࠇߡ޿ࠆ߽ߩߥߤ㧘 ߩ  ઙࠍࡇ࡯ࠢߣߒߡẋᷫߒ‫ޔ‬᭽‫ุޔ߇ࠆ޽ߪߢޘ‬ቯ⊛ߥ⺰ᢥߪ߻ߒࠈዋ ᐕߩ  ઙࠍᦨૐ୯ߣߒߚ޽ߣ߿߿ᜬߜߥ޿ࠃ߁ߦᕁࠊࠇࠆ‫ ޕ‬ᐕߦߪ‫ࠄ߫ߒޔ‬⋥ߒ‫ޔ‬એᓟ 㧙 ઙᐔဋߢផ⒖ߒߡ޿ࠆ‫ޕ‬ߊ⸒෸ߩߥ߆ߞߚ೽૞↪ߦߟ޿ߡߩႎ๔߇
2㧕ࠕࡦࠤ࡯࠻⺞ᩏߥߐࠇߡ޿ࠆ‫ޕ‬ࠕࡦࠤ࡯࠻ߪᣣ↥ᇚቇળߦ⊓㍳ߒߡ޿ࠆࠊ߇࿖ߦ߅ߌࠆᄦ࡝ࡦࡄ⃿఺∉≮ᴺߪ‫ޔ‬↢ᱺ⵬ഥක≮ታᣉ⊓㍳ᣉ⸳616ᣉ⸳ߦㅍઃ
 ᐕߩ┻ਅߦࠃࠆ⺞ᩏߢ‫ޔ‬ᄢቇ∛㒮ࠍਛߒߚ‫ޕ‬ᔃߣߒߚᲧセ⊛ᄢ߈ߥ∛㒮ߢ 㧑߇ᄦ࡝ࡦࡄ⃿఺∉≮ᴺࠍታᣉߒߡ޿ߚ‫ޔߚ߹ޕ‬ᣣᧄ↥⑼ᇚੱ⑼ቇળ↢ᱺౝಽᴲᆔຬળ㧔ᐔᚑ ᐕᐲ㨪 ᐕᐲ㧕‫ᧄޟ‬㇌ߦ߅ߌࠆ⠌ᘠᵹ↥㧔ਇ⢒∝㧕▤ℂߩ⃻⁁⺞ᩏߦ㑐ߔࠆዊᆔຬળ68㧔ዊᆔຬ㐳 ’㊁ᕡਭ ᧲ᶏᄢቇᢎ᝼㧕‫ߩޠ‬ో࿖  ᣉ⸳ࠕࡦࠤ࡯࠻⺞ᩏߢߪ⚂ 㧑ߩᣉ⸳߇ታᣉߒߡ޿ߚ‫ޕ‬㧙 ᐕ߇⚻ㆊߒߚ⃻࿷‫߇ࠊޔ‬࿖ߩᄦ࡝ࡦࡄ⃿఺∉≮ᴺታᣉߩ⁁ᴫߦߤߩࠃ߁ߥᄌൻ߇↢ߓࠆ߆ࠍ‫੹ޔ‬࿁ߩ⺞ᩏ⚿ᨐߩ⸃ᨆ߆ࠄ᣿ࠄ߆ߦߒߚ޿‫ޕ‬㧱⚿⺰    ᄦ࡝ࡦࡄ⃿఺∉≮ᴺߩ૞↪ᯏᐨ‫᦭ޔ‬ലᕈ‫ޔ‬቟ోᕈߦ㑐ߔࠆ⼏⺰ߪᧂߛߦ⛯޿ߡ޿ࠆ‫ޕ‬☨࿖㧲㧰㧭߇੐ታ਄ߩ⑌ᱛ൘๔ࠍ಴ߒߡએ᧪‫߇ࠊޔ‬࿖ߢ߽ߘߩታᣉᢙߪ⏕ታߦᷫዋߒߡ޿ࠆ߇‫৻ޔ‬ᣇߢઁߦ᦭ലߥᣇᴺ߇ߥߊᧄ
≮ᴺߢೋ߼ߡ↢ఽ₪ᓧߩᕲᕺߦ޽ߕ߆ߞߚࠞ࠶ࡊ࡞߇޿ࠆߩ߽߹ߚ੐ታߢ޽ࠆ‫੹ޕ‬࿁ߩታᘒ⺞ᩏߩ⹦⚦ߥ⸃ᨆߪᰴᐕᐲ߳ߩ⛮⛯⎇ⓥߣߒ‫ࠍࠇߎޔ‬ේ⾗ߣߒߡࠃࠅ቟ోߢ᦭ലᕈߩ㜞޿ᴦ≮ᴺࠍᮨ⚝ߒߚ޿ߣ⠨߃ߡ޿ࠆ‫ޕ‬㧲㧚ஜᐽෂ㒾ᖱႎ․ߦߥߒ㧳㧚⎇ⓥ⊒⴫⺰ᢥ⊒⴫ &QK&$QJ;-QPKUJK*#UCMWTC*6CMGUJKVC6%QODKPGFEJGOQVJGTCR[YKVJRCENKVCZGNCPFECTDQRNCVKPHQTOWEKPQWUE[UVCFGPQECTEKPQOCQHVJGQXCT[FWTKPIRTGIPCPE[#TEJ)[PGEQN1DUVGVKPRTGUU #MKTC5/KPG--WYCDCTC;
6CMGUJKVC6'HHKECE[QHNQPIVGTONQYFQUGIQPCFQVTQRKPTGNGCUKPI
K
*QTOQPGCIQPKUVVJGTCR[FTCYDCEMVJGTCR[ HQTCFGPQO[QUKU/GF5EK/QPKV  %4#MKTC50GIKUJK;#DG6+EJKMCYC
/6CMGUJKVC62TQRJ[NCEVKEKPVTCVWDCN KPLGEVKQP QH OGVJQVTGZCVG
CHVGTNKPGCTUCNRKPIQUVQO[HQT
RTGXGPVKQPQHRGTUKUVGPVGEVQRKERTGIPCPE[,1DUVGV)[PCGEQN4GU
   1[C#1KMCYC60CMCK#6CMGUJKVC
6*CPCYC6%NKPKECNGHHKECE[QH
-CORQOGFKEKPG ,CRCPGUGVTCFKVKQPCNJGTDCNOGFKEKPG KPVJGVTGCVOGPVQH
RTKOCT[F[UOGPQTTJGC,1DUVGV)[PCGEQN4GU   1[C#0CMCK#/K[CMG*-CYCDCVC+
6CMGUJKVC64KUMHCEVQTUHQTRGTKRCTVWODNQQFVTCPUHWUKQPKPYQOGPYKVJRNCEGPVCRTGXKCCTGVTQURGEVKXGCPCN[UKU,0KRRQP/GF5EJ   ;CIK51FC5CVQ'7GJCTC+#UCPQ
;0CMCLKOC96CMGUJKVC66CPCMC0#\C FGQZ[E[VKFKPGTGUVQTGURTQCRQRVQVKEHWPEVKQPQHRKPECPEGTEGNNUTGUKUVCPVVQRKPFWEGFCRQRVQUKU%CPEGT+PXGUV   /K[CMG*0CMCK#6CMGUJKVC6(GVCNJGCTVTCVGOQPKVQTKPICUCRTGFKEVQTQHJKUVQRCVJQNQIKEEJQTKQCOPKQPKVKUKPVJGVJKTFVTKOGUVGT,0KRRQP/GF5EJ   %JKJCTC*-CYCUG41VUWDQ;
*KTCK\WOK;6CMGUJKVC6'HHGEVQH
KPUWNKPTGUKUVCPEGKORTQXGOGPVFWGVQNKHGUV[NGKPVGTXGPVKQPQPQXGTYGKIJVRGTKOGPQRCWUCN,CRCPGUGYQOGPCRTGNKOKPCT[UVWF[,0KRRQP/GF5EJ   +UJKMCYC#-WFQ/0CMC\CYC01PFC
/+UJKYCVC66CMGUJKVC60CKVQ
<'ZRTGUUKQPQHMGTCVKPQE[VGITQYVJ
HCEVQTCPFKVUTGEGRVQTKPJWOCPGPFQOGVTKCNECPEGTKPEQQRGTCVKQPYKVJUVGTQKFJQTOQPGU+PV,1PEQN   -COQK51JCMK;/QTK1-WTQUG-(WMWPCIC/6CMGUJKVC65GTKCNJKUVQNQIKEQDUGTXCVKQPQHGPFQOGVTKCNCFGPQECTEKPQOCVTGCVGFYKVJJKIJFQUG
RTQIGUVKPWPVKNEQORNGVGFKUCRRGCTCPEG
QHECTEKPQOCVQWUHQEKTGXKGYQHOQTG
VJCPDKQRUKGUHTQOHKXGRCVKGPVU
+PV,)[PGEQN%CPEGT   *KTCK\WOK;0KUJKOWTC++UJKK*6CPCMC06CMGUJKVC65CMWOC;-CVQ/ 4CV )P4* PGWTQPU GZJKDKV NCTIGEQPFWEVCPEGXQNVCIGCPF%C #EVKXCVGF-  $- EWTTGPVUCPFGZRTGUU$-EJCPPGNO40#U,2J[UKQN5EK  69









70 5WIKWTC1ICUCYCTC/#QMK-(WLKK6(WLKVC6-CYCIWEJK4/CTW[COC 61\CYC05WIK66CMGUJKVC6
5CKVQ55WDUGSWGPVRTGIPCPE[QWVEQOGUKPTGEWTTGPVOKUECTTKCIGRCVKGPVUYKVJCRCVGTPCNQTOCVGTPCNECTTKGTQHCUVTWEVWTCNEJTQOQUQOG
TGCTTCPIGOGPV,*WO)GPGV   ᩮጯ㕏ᐘⒷ၂⌀৻㇢ᾢ⼱ༀඳ┻ਅବⴕ㜞ᯅ⑲ታ㧦᮸⁁⚦⢩ ᮸⁁⚦⢩ࠨࡉ࠮࠶࠻ߣߘߩᯏ⢻ᅧᆼࡑ࠙ࠬߦ߅ߌࠆ᮸⁁⚦⢩ߩ⸃ᨆᣣᧄ఺∉ቇળ✚ળ࡮ቇⴚ㓸ળ⸥㍳   Ꮞ
2CIG   ⒷᎹᥓሶ㒙ㇱፏፃస਽᪀ේᘮల㉿⷗ᠲ✜ንጊ௥ሶ᣿ᭉ㊀ᄦ┻ਅବⴕ㧦ᑿ⁁ሶችߪਇ⢒∝ߩේ࿃ߦߥࠅ߁ࠆ߆!ᣣᧄ↢ᱺකቇળ㔀⹹  Ꮞ  ภ2CIG  ᧖ᶆ⌀ᑿᎹญ㉿ᕺਣጊືᄦዊỈિᤩ᧖ବ㓉┻ਅବⴕ㥲⮮ṑ㧦ᨴ⦡૕ォᐳࠍ߽ߟ෻ᓳᵹ↥ᖚ⠪ߩ↢ఽ₪ᓧ₸ߦ㑐ߔࠆᄙᣉ⸳౒ห⎇ⓥᣣᧄ↢ᱺකቇળ㔀⹹   Ꮞ  ภ2CIG ቇળ⊒⴫ቇળ⊒⴫ߥߒ  ߥߒ⍮⊛⽷↥ᮭߩ಴㗿࡮⊓㍳⁁ᴫ㧴㧚⍮⊛⽷↥ᮭߩ಴㗿࡮⊓㍳⁁ᴫ㧔੍ቯࠍ฽߻‫ޕ‬㧕  㧔੍ቯࠍ฽߻‫ޕ‬㧕․⸵ขᓧ․⸵ขᓧߥߒ ߥߒታ↪ᣂ᩺⊓㍳ታ↪ᣂ᩺⊓㍳ߥߒ ߥߒߘߩઁߘߩઁߥߒ ߥߒ㪊㪇㪉㪌㪉㪇㪈㪌♽೉㪈㪈㪇㪉㪇㪇㪐㪉㪇㪇㪎㪉㪇㪇㪌㪉㪇㪇㪊㪉㪇㪇㪈㪈㪐㪐㪐㪈㪐㪐㪎㪈㪐㪐㪌㪈㪐㪐㪊㪈㪐㪐㪈㪈㪐㪏㪐㪈㪐㪏㪎㪇㪈㪐㪏㪌㪌㪈㪐㪏㪊࿑㧝㪈㪐㪏㪈71⎇ⓥᚑᨐߩೀⴕߦ㑐ߔࠆ৻ⷩ⴫ 㔀⹹  ⊒⴫⠪᳁ฬ ⺰ᢥ࠲ࠗ࠻࡞ฬ%QODKPGFEJGOQVJG
TCR[YKVJRCENKVCZGNCPFECTDQRNCVKP
HQTOWEKPQWUE[UVC
FGPQECTEKPQOCQH
VJGQXCT[FWTKPI
RTGIPCPE['HHKECE[QHNQPIVGTONQYFQUG#MKTC5IQPCFQVTQRKP/KPG-
TGNGCUKPIJQTOQPG-WYCDCTC;
CIQPKUVVJGTCR[6CMGUJKVC6 FTCYDCEMVJGTCR[HQTCFGPQO[QUKU&QK&$QJ;
-QPKUJK*#UCMWTC*
6CMGUJKVC6 Ꮞภ ࡍ࡯ࠫ ಴ ᐕ#TEJKPRTGUU/GF5EK/QPKV  %42TQRJ[NCEVKEKPVTCVWDCNKPLGEVKQP#MKTC5QHOGVJQVTGZCVG
0GIKUJK;
,1DUVGVCHVGTNKPGCT#DG6)[PCGEQNUCNRKPIQUVQO[HQT
+EJKMCYC/ RTGXGPVKQPQH
4GU
6CMGUJKVC6 RGTUKUVGPVGEVQRKE
RTGIPCPE[  %NKPKECNGHHKECE[QH
-CORQOGFKEKPG
1[C#,CRCPGUG
,1DUVGV1KMCYC6
VTCFKVKQPCNJGTDCN )[PCGEQN
0CMCK#
6CMGUJKVC6 OGFKEKPG KPVJG
4GU
VTGCVOGPVQHRTKOCT[*CPCYC6
F[UOGPQTTJGC

  



4KUMHCEVQTUHQT
RGTKRCTVWODNQQF
VTCPUHWUKQPKPYQOGP,0KRRQPYKVJRNCEGPVC/GF5EJRTGXKCCTGVTQURGEVKXGCPCN[UKU  

  

1[C#0CMCK#
/K[CMG*-CYCDCVC+
6CMGUJKVC6;CIK5#\C FGQZ[E[VK
1FC5CVQ' FKPGTGUVQTGU
7GJCTC+
RTQCRQRVQVKE#UCPQ;
HWPEVKQPQHRKP
0CMCLKOC9 ECPEGTEGNNU
6CMGUJKVC6 TGUKUVCPVVQRKPFWEGFCRQRVQUKU
6CPCMC072 ⊒⴫⹹ฬ)[PGEQN
1DUVGV%CPEGT+PXGUV(GVCNJGCTVTCVGOQPKVQTKPICUCRTGFKEVQTQHJKUVQRCVJQNQIKEEJQTKQCOPKQPKVKUKP
VJGVJKTFVTKOGUVGT,0KRRQP/GF5EJ  

'HHGEVQHKPUWNKPTGUKUVCPEGKORTQXGOGPVFWGVQ%JKJCTC*NKHGUV[NGKPVGT-CYCUG4XGPVKQPQPQXGT1VUWDQ;
*KTCK\WOK; YGKIJVRGTKOGPQ
6CMGUJKVC6 RCWUCN,CRCPGUGYQOGPCRTGNKOK
PCT[UVWF[,0KRRQP/GF5EJ  +UJKMCYC# 'ZRTGUUKQPQH
-WFQ/MGTCVKPQE[VGITQYVJ
0CMC\CYC0 HCEVQTCPFKVU
1PFC/TGEGRVQTKPJWOCP+UJKYCVC6 GPFQOGVTKCNECPEGT
6CMGUJKVC6 KPEQQRGTCVKQPYKVJUVGTQKFJQTOQPGU0CKVQ<+PV,
1PEQN        /K[CMG*0CMCK#6CMGUJKVC6-COQK5
1JCMK;
/QTK1-WTQUG-
(WMWPCIC/
6CMGUJKVC6

*KTCK\WOK;
0KUJKOWTC++UJKK*
6CPCMC0
6CMGUJKVC6
5CMWOC;
-CVQ/

5GTKCNJKUVQNQIKEQDUGTXCVKQPQH
GPFQOGVTKCNCFGPQECTEKPQOCVTGCVGFYKVJ
+PV,
JKIJFQUGRTQIGUVKP)[PGEQNWPVKNEQORNGVG
%CPEGTFKUCRRGCTCPEGQHECTEKPQOCVQWUHQEKTGXKGYQHOQTG
VJCPDKQRUKGUHTQOHKXGRCVKGPVU
4CV)P4*PGWTQPUGZJKDKVNCTIGEQPFWEVCPEGXQNVCIG,2J[UKQN
CPF %C #EVKXCVGF
5EK-  $- EWTTGPVUCPF
GZRTGUU $- EJCPPGN
O40#U

5WIKWTC
5WDUGSWGPVRTGIPCPE[1ICUCYCTC/QWVEQOGUKP#QMK-
TGEWTTGPV(WLKK6
OKUECTTKCIG(WLKVC6
RCVKGPVUYKVJC-CYCIWEJK4
RCVGTPCNQTOCVGTPCN/CTW[COC6
ECTTKGTQHC
1\CYC0
UVTWEVWTCN
5WIK6EJTQOQUQOG
6CMGUJKVC6
TGCTTCPIGOGPV5CKVQ5,*WO)GPGV

73

74ᩮጯ㕏ᐘⒷ၂⌀৻㇢ᾢ⼱ༀඳ┻ਅବⴕ㜞ᯅ⑲ታᣣᧄ఺∉ቇ᮸⁁⚦⢩ ᮸⁁⚦⢩ળ✚ળ࡮ࠨࡉ࠮࠶࠻ߣߘߩᯏቇⴚ㓸ળ⢻ᅧᆼࡑ࠙ࠬߦ߅ߌ⸥㍳ࠆ᮸⁁⚦⢩ߩ⸃ᨆⒷᎹᥓሶ㒙ㇱፏፃస਽᪀ේᘮల㉿⷗ᠲ✜ንጊ௥ሶ᣿ᭉ㊀ᄦ┻ਅବⴕᑿ⁁ሶችߪਇ⢒∝ߩේ࿃ߦߥࠅ߁ࠆ߆!

᧖ᶆ⌀ᑿᎹญ㉿ᕺਣጊືᄦዊỈિᤩ᧖ବ㓉┻ਅବⴕ㥲⮮ ṑᨴ⦡૕ォᐳࠍ߽ߟ෻ᓳᵹ↥ᖚ⠪ߩ↢ఽ₪ᓧ₸ߦ㑐ߔࠆᄙᣉ⸳౒ห⎇ⓥᣣᧄ↢ᱺකቇળ㔀⹹  ᣣᧄ↢ᱺකቇળ㔀⹹    75

76

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