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  9. Sigma APO MACRO 180mm F2.8EX DG OS HSM User manual

Sigma APO MACRO 180mm F2.8EX DG OS HSM User manual

ƜƷƨƼƸŴǷǰȞȬȳǺǛƓᝰƍ൭NJƍƨƩƖƋǓƕƱƏƝƟƍLJƢŵஜᛟଢ୿ǛƝችᛠ
ƷɥŴȬȳǺƷೞᏡŴદ˺ŴӕǓৢƍɥƷදໜǛദƠƘྸᚐƠƯŴϙჇજࢨǛƓಏƠLjƘ
ƩƞƍŵƳƓஜᛟଢ୿ƸŴӲǫȡȩဇσဇƱƳƬƯƓǓLJƢƷưŴ᪮ႸƴǑǓƝဇǫȡȩ
Ʒᛆ࢘ሖ৑ǛƓᛠLjƴƳǓŴƝဇǫȡȩƷᛟଢ୿NjƋǘƤƯƝᚁƘƩƞƍŵƓᛠLjƴƳƬ
ƨƋƱƸŴٻЏƴሥƠƯƘƩƞƍŵ
ӲᢿỉӸᆅ ί׋
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Ĭȕǣȫǿȸƶơ
ĭȕǩȸǫǹȪȳǰ
ĮᙀяႎុᩉႸႮ
į೅ዴ
İȞǦȳȈ
ı26 ǹǤȃȁ
IJȕǩȸǫǹȢȸȉЏƑǹǤȃȁ
ijȕǩȸǫǹȪȟȃǿȸ
ĴɤᏩࡈ
ĵȬȳǺȕȸȉ
ĶȕȸȉǢȀȗǿȸ
Ἕἅὅ $) ဇỆếẟề
ƜƷȬȳǺƸŴȋdzȳᙌ $) ȬȳǺƴƓƚǔŴ*ǿǤȗᲢ዁ǓȪȳǰƷƳƍǿǤȗᲣƱӷሁ
ƷˁಮƴƳƬƯƍLJƢŵǫȡȩƱƷኵӳǘƤƴǑƬƯŴೞᏡƴСᨂƕưǔئӳƕƋǓLJ Ƣŵ
ᛇƠƘƸƝဇƷǫȡȩƷᛟଢ୿ሁǛƝӋༀƘƩƞƍŵ
ἬὅἑἕἁἋ $) ဇỆếẟề
ƜƷȬȳǺƸŴȚȳǿȃǯǹᙌ $) ȬȳǺƴƓƚǔŴ)$- ǿǤȗᲢ዁ǓȪȳǰƷƳƍǿǤȗᲣ
ƱӷሁƷˁಮƴƳƬƯƍLJƢŵǫȡȩƱƷኵӳƤƴǑƬƯŴೞᏡƴСᨂƕưǔئӳƕƋǓLJ
ƢŵᛇƠƘƸƝဇƷǫȡȩƷᛟଢ୿ሁǛƝӋༀƘƩƞƍŵ
ἾὅἌỉბᏮ૾ඥ
ǫȡȩǁƷბᏮ૾ඥƸŴƝဇƷǫȡȩƷᛟଢ୿ƴࢼƬƯბᏮƠƯƘƩƞƍŵ
ŦȞǦȳȈ᩿ƴƸ዁ǓᡲѣဇŴ$) ᡲѣဇƷᘺፗǍŴᩓൢໜሁƕƋǓLJƢŵǭǺǍ൲Ǖƕ
ƭƘƱᛚ˺ѣǍ૏ᨦƷҾ׆ƱƳǓLJƢƷưƝදƘƩƞƍŵ
ᩧЈỆếẟề
ᩧЈƷൿܭ૾ඥƸŴƝဇƷǫȡȩƷᛟଢ୿ƴࢼƬƯŴ዁ǓǍǷȣȃǿȸᡮࡇሁǛǻȃȈƠ
ƯƘƩƞƍŵ
ἦὅἚӳỪẶ
ƜƷȬȳǺƸŴȏǤȑȸǽȋȃǯȢȸǿȸ+60Ჩឬ᪦ඬȢȸǿȸ㪀ǛဇƠŴᡆᡮƳǪȸȈ
ȕǩȸǫǹƱ˺ѣ᪦ƷᨊӊǛܱྵƠƯƍLJƢŵ㩷
ẎἉἂἰ $) ဇẆỿἶἠὅ $) ဇẏ
ǪȸȈȕǩȸǫǹưજࢨƢǔئӳƸŴȕǩȸǫǹȢȸȉЏǓƑǹǤȃȁǛ $) ƴǻȃȈƠ
LJƢᲢ׋ ᲣŵȞȋȥǢȫưજࢨƢǔئӳƸŴȕǩȸǫǹȢȸȉЏǓƑǹǤȃȁǛ 0ƴǻ
ȃȈƠŴȕǩȸǫǹȪȳǰǛׅƠƯȔȳȈǛӳǘƤLJƢŵ
ẎἝἅὅဇẆἬὅἑἕἁἋ $) ဇẆἏἝὊဇẏ
ǪȸȈȕǩȸǫǹưજࢨƢǔئӳƸŴǫȡȩǛ $) ȢȸȉƴǻȃȈƠƯŴȬȳǺƷȕǩȸǫ
ǹȢȸȉЏǓƑǹǤȃȁǛ $) ƴǻȃȈƠLJƢᲢ׋ ᲣŵȞȋȥǢȫưજࢨƢǔئӳƸŴ
ȕǩȸǫǹȢȸȉЏǓƑǹǤȃȁǛ 0ƴǻȃȈƠŴȕǩȸǫǹȪȳǰǛׅƠƯȔȳȈǛ
ӳǘƤLJƢŵ
ŦǫȡȩƷȕǩȸǫǹȢȸȉƷЏǓƑƸŴƝဇƷǫȡȩƷᛟଢ୿ƴࢼƬƯƘƩƞƍŵ
ŦȋdzȳŴȚȳǿȃǯǹŴǽȋȸဇƸŴឬ᪦ඬȢȸǿȸƴݣࣖƠƨǫȡȩƱƷኵӳƤưǪ
ȸȈȕǩȸǫǹજࢨƕӧᏡưƢŵឬ᪦ඬȢȸǿȸƴݣࣖƠƯƍƳƍǫȡȩƱƷኵӳƤư
ƸŴȞȋȥǢȫȕǩȸǫǹưƷƝဇƱƳǓLJƢŵ
ŦƜƷȬȳǺƸŴ$)ƴǻȃȈƠƨLJLJưȞȋȥǢȫưƷȔȳȈᙀദǛƢ ǔƜƱNjӧᏡưƢŵ
ǫȡȩǛǷȳǰȫ $) ȢȸȉƴǻȃȈƠƯŴӳ໰ࢸŴǷȣȃ ǿȸȜǿȳǛҞƠƷLJLJư
ȕǩȸǫǹȪȳǰǛׅƠƯȔȳȈǛᛦૢƠƯƘƩƞƍŵ
ŦȞȋȥǢȫưȔȳȈǛӳǘƤǔᨥƴƸŴႸႮƕĐᲢ໯ᨂᢒᲣƷˮፗưNjᢒ୎ƴȔȳȈƕ
ӳǘƳƍƜƱƕƋǓLJƢƷưŴȕǡǤȳȀȸưᄩᛐƠƳƕǒȔȳȈǛӳǘƤƯƘƩƞƍŵ
ἧỻὊỽἋἼἱἕἑὊ
ƜƷȬȳǺƸŴǪȸȈȕǩȸǫǹƷ˺ѣር׊ǛСᨂưƖǔȕǩȸǫǹȪȟȃǿȸǛͳƑƯƍ
LJƢᲢ׋ ᲣŵˌɦƷɤെ᨞ƴЏƑӧᏡưƢŵ
)8//ᲢP ᳸Đ
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Đ
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ុᩉႸႮɥെƷ ᲴŨŨƱЦLJǕƯƍǔ᰾ᑥƷૠ܌ƸŴƦƷុᩉƴƓƚǔϙྙǛᘙƠƯ
ƍLJƢŵƜǕƸŴᲢજ΂እ܇ᲢȕǤȫȠᲣɥƴϙƠᡂLJǕǔ΂ƷٻƖƞᲣᲴᲢᘮϙ˳ƷܱݡᲣ
ƷൔྙǛᘙƠLJƢŵƑƹ    ƸŴܱݡƕ FP Ʒᘮϙ˳ƕŴȕǤȫȠᲢજ΂ እ܇Უɥƴ
FP ưϙƠᡂLJǕǔƜƱǛᘙƠLJƢŵᲢ׋ Უ
৖ốủᙀദೞᏡỆếẟề
ƜƷȬȳǺƸŴ৖ƪજࢨ଺Ʒ৖ȖȬǛ᠉ถƢǔŴ৖ƿǕᙀദೞᏡ 262SWLFDO 6WDELOL]HU
Ǜ઀᠍ƠƯƍLJƢŵ৖ƿǕᙀദೞᏡǛǘƳƍƱƖƱൔǂŴኖ െǷȣȃǿȸᡮࡇǛ᡿Ƙ
ƠƯજࢨưƖLJƢŵ
26Ტ৖ƿǕᙀദೞᏡᲣǹǤȃȁǛ ƴƠLJƢᲢ׋ᲣŵǷȣȃǿȸȜǿȳǛҞƠƠŴȕǡ
ǤȳȀȸư΂ƕܤܭƠƯƍǔƷǛᄩᛐƠƯƔǒજࢨƠƯƘƩƞƍŵᲢҞƠƠƯƔǒ΂ƕܤ
ܭƢǔLJưŴኖᲫᅺƔƔǓLJƢŵᲣ්ƠજǓǛƢǔ଺Ƹ 26 ǹǤȃȁǛ ƴƠLJƢŵᲢɥɦ૾
ӼƷ৖ƿǕƷLjᙀദƠLJƢŵᲣ
Ŧ৖ƿǕᙀദೞᏡƸŴᡫࠝƷ৖ƪજࢨƴƓƍƯဃơǔ৖ȖȬǛ᠉ถƞƤǔೞᏡưƢŵˌ
ɦƷவˑưƸŴ৖ƿǕᙀദƷјௐƕҗЎƴႆƞǕƳƍئӳƕƋǓLJƢŵ
ƒѣƍƯƍǔʈǓཋƔǒƷજࢨ ƒǫȡȩƷӼƖǛٻƖƘѣƔƠƳƕǒƷજࢨ
ŦˌɦƷவˑưƸŴ৖ƿǕᙀദೞᏡƸဇƠƳƍưƘƩƞƍŵ
ƒɤᏩሁưǫȡȩǛ׍ܭƠƯƷજࢨƒ ȐȫȖᲢᧈ଺᧓ᩧήᲣજࢨ
Ŧ৖ƿǕᙀദೞᏡƸŴǫȡȩƷᩓ൷ǛМဇƠƯ˺ѣƠLJƢŵᡫࠝƷȬȳǺǛဇƠƨئӳ
ƴൔǂŴજࢨӧᏡஜૠƕݲƳƘƳǓLJƢŵ৖ƿǕᙀദೞᏡǛဇƠƳƍƱƖƸŴᩓ൷Ʒ
ෞ᎔Ǜ᧸ƙƨNJŴ26 ǹǤȃȁǛ 2)) ƴƠƯƘƩƞƍŵ
ŦȬȳǺƷბᏮ଺ƸŴ26 ǹǤȃȁǛ 2)) ƴƠƯƔǒᘍƬƯƘƩƞƍŵ
ŦǷȣȃǿȸȜǿȳƔǒǛᩉƠƯNjŴǫȡȩƷᩧЈᚘƕƸƨǒƍƯƍǔ᧓ƸŴ৖ƿǕᙀ
ദೞᏡNj˺ѣƠƯƍLJƢŵ˺ѣɶƴȬȳǺǛٳƠƨǓŴǫȡȩƷᩓ൷ǛӕǓЈƢƱŴȬ
ȳǺƷ૏ᨦƷҾ׆ƱƳǓLJƢŵ
ŦજࢨႺࢸǍǫȡȩƷϋᔺȕȩȃǷȥƷΪᩓ଺ƳƲƴŴȕǡǤȳȀȸ΂ƕǕǔƜƱƕƋ
ǓLJƢƕŴજࢨƴƸࢨ᪪ƋǓLJƤǜŵ
Ŧ৖ƿǕᙀദೞᏡƕ˺ѣɶŴȬȳǺǛٳƠƨǓǫȡȩƷᩓเǛЏƬƨƱƖŴȬȳǺǛǔ
ƱǫǿǫǿƱ᪦ƕƢǔئӳƕƋǓLJƢƕ૏ᨦưƸƋǓLJƤǜŵ
ŦǽȋȸŴȚȳǿȃǯǹဇƸŴȬȳǺϋȢȸǿȸƴǑǔ $) ᬝѣƕӧᏡƳȇǸǿȫǫȡȩƱ
ƷኵӳƤư৖ƿǕᙀദೞᏡǛဇưƖLJƢŵȬȳǺƷ৖ƿǕᙀദೞᏡǛဇƢǔئӳƸŴ
ǫȡȩƷ৖ƿǕᙀദೞᏡǛ 2)) ƴƠƯŴȬȳǺƷ 26 ǹǤȃȁǛ 21 ƴƠƯƘƩƞƍŵ
ǫȡȩƷ৖ƿǕᙀദೞᏡǛဇƢǔئӳƴƸŴȬȳǺƷ 26 ǹǤȃȁǛ 2)) ƴƠƯŴǫ
ȡȩƷ৖ƿǕᙀദೞᏡǛ 21 ƴƠƯƘƩƞƍŵ
ŦƜƷȬȳǺǛdzȋǫȟȎȫǿ' 6ZHHW 'Ŵǽȋȸ ưƝဇƷئӳŴȬȳǺƷ
26 ǹǤȃȁƕ 21 ƷLJLJǫȡȩƷᩓเǛ 2)) ƴƢǔƱŴȬȳǺϋƷ 26 ȦȋȃȈƕ׍
ܭƞǕƣŴئӳƴǑƬƯƸ૏ᨦƷҾ׆ƱƳǔئӳƕƋǓLJƢŵજࢨࢸƸ࣏ƣȬȳǺƷ 26
ǹǤȃȁǛ 2)) ƴƠƯƔǒŴǫȡȩƷᩓเǛ 2)) ƴƠƯƘƩƞƍŵ
ŦȋdzȳဇƸ )ŴǭȤȎȳဇƸ (269 ˌٳƷȕǣȫȠǫȡȩƴƓƍƯŴ৖ƿǕᙀദೞᏡ
ƕദࠝƴ΁ƖLJƤǜŵ26 ǹǤȃȁǛ 2)) ƴƠƯဇƠƯƘƩƞƍŵ
ɤᏩࡈ
ƜƷȬȳǺƴƸŴბᏮࡸɤᏩࡈƕӕǓ˄ƚǒǕƯƍLJƢŵɤᏩࡈƸ׍ܭȎȖǛǏǔNJǔ ƱŴ
 ࡇȕȪȸƴׅ᠃ƠLJƢƷưŴဒ᩿Ʒጏ್ƷᛦራƕቇҥƴưƖLJƢᲢ׋ Უŵ
LJƨŴ׍ܭȎȖǛܦμƴǏǔ NJŴ׍ܭȎȖƷɺҮƱȪȳ ǰƷɺҮǛɟᐲƞƤƯȎȖǛࡽƘƱŴ
ȪȳǰƕƸƣǕɤᏩࡈƕӕǓٳƤLJƢᲢ׋ Უŵ
ἧἻἕἉἷજࢨ
ǫȡȩƷϋᔺȕȩȃǷȥƸŴȕȩȃǷȥƷήƕȬȳǺᦟለƴƞƑƗǒǕǔƨNJŴƝဇƴƳ
ǕLJƤǜŵ࣏ƣٳᢿȕȩȃǷȥǛဇƠƯƘƩƞƍŵ
ἘἾἅὅἢὊἑὊỆếẟề
ƜƷȬȳǺƸŴК٥ǓƷ $32 ȆȬdzȳȐȸǿȸ[(;'*ƱƷኵӳƤư  ᲢPP
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ƠƯ෇ဇưƖLJƢŵ
ŦɥᚡˌٳƷdzȳȐȸǿȸƸŴƝဇƴƳǕLJƤǜŵ
ŦȇǸǿȫɟაȬȕǫȡȩƴƝဇƷئӳƸŴ'* ǿǤȗƷဇǛƓƢƢNJƠLJƢŵ
ŦȚȳǿȃǯǹ $) ဇƸŴȆȬdzȳȐȸǿȸǛƝဇƴƳǕLJƤǜŵ
ŦȆȬdzȳȐȸǿȸ[ ƸŴȞȋȥǢȫȕǩȸǫǹưƷƝဇƱƳǓLJƢŵ
ŦȆȬdzȳȐȸǿȸ[ ƸŴP᳸ĐƷር׊ưǪȸȈȕǩȸǫǹજࢨƕӧᏡưƢŵុᩉႸ
ႮƷር׊ƕ P᳸ĐƷ᧓ưƸǪȸȈȕǩȸǫǹƕ˺ѣƠŴP᳸P Ʒ᧓ưƸȞȋ
ȥǢȫȕǩȸǫǹưƷƝဇƱƳǓLJƢŵ
ŦȆȬdzȳȐȸǿȸဇ଺ƸŴȕǩȸǫǹȪȟȃǿȸƕೞᏡƠLJƤǜᲢȩǤȖȓȥȸƴǑ
ǔdzȳȈȩǹȈ $) ဇ଺ǛᨊƘᲣŵ
ŦǽȋȸဇƸŴᙌᡯဪӭ  ˌᨀƷȆȬdzȳȐȸǿȸưǪȸȈȕǩȸǫǹજࢨƕӧᏡ
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Ŵ
ȞȋȥǢȫȕǩȸǫǹưƷƝဇƱƳǓLJƢ
ŵ
ŦȩǤȖȓȥȸƴǑǔdzȳȈȩǹȈ $) ೞᏡǛͳƑƨǫȡȩưƸŴȩǤȖȓȥȸ ଺ƷǪȸȈ
ȕǩȸǫǹજࢨƕӧᏡưƢŵ
ἾὅἌἧὊἛ
ȬȳǺȕȸȉƸŴဒឋƴࢨ᪪ǛɨƑǔஊܹήዴƷǫȃȈƴஊјưƢŵӕǓ˄ƚ૾ඥƸŴȬ
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ᢴᙰڇඔ೯ 26 ߻ᔼߓอᖙ܂ழΔຒ৫ֺإൄ޲๻ڼפ౨પ܅؄్Δრܛ౨୲
๺ࠌشለኬݶຒ৫ࣁ᥊Δᨃቹׂய࣠ޓ堚㵷Ζ๻ࡳ 26 ၨ۟ᑓڤቹΔ
Հݶᤩ࣋ၨԫת࠷ྡྷΔڇᐙቝ堚㵷৵Δঁױ٤ݶᤩ࣋ၨࣁᅃᅝՀݶ
ᤩ࣋ၨԫת࠷ྡྷழΔᢴ᧯փᆜ 26 ߓอપא ઞழၴ܂൶ྒྷΖᑓڤ Δೠྒྷ
ઌᖲֽؓᔼ೯֗ቃྒྷאإ૿ۖࠐ๯᥊᧯Δאᛧ堚㵷ᐙቝΖ
26 ߻ᔼߓอ֫ᢴᙰࣁ᥊ۖ๻ૠΔאՀൣڼפ౨ࢨய࣠լࠋΖ
ƒڇ۩ᕍխٌຏՠࠠՂތࣁΖ ƒ๠ᄀ೯լࡳچֱՂၞ۩ތࣁΖ
ᓮܑ૞ڇאՀൣࠌش 26 ߻ᔼߓอΖ
ƒᅝᢴᙰᇘᆜڇᆬՂ ƒ% ݶழၴ㇬٠
ᢴᙰ 26 ߻ᔼפ౨ሎ܂Δ٤ࠉᘸઌᖲሽ౨༼ࠎΔઌᖲڇ಻شڼᢴ֗ඔ೯
߻ᔼפ౨ԫದࠌشழΔᖲߪሽ౨௣౛ၦֺؓൄ௣౛೏Δᆏઊሽ౨Δᓮᣂ
ຨ2)) ߻ᔼפ౨ڇլᏁࠌش߻ᔼழ
ലᢴᙰ಻Ղᖲߪࢨ侏ೈழΔ೭ؘല߻ᔼၨ๠ 2)) ᣂຨۯᆜΖ
ᅝᤛ೯ݶᤩ࣋ၨ৵Δ٠ᖂ᡹ࡳ߻ᔼᇘᆜܛழᖙ܂Δપࡉᡜ٠ଖڇᖲփ᧩قழ
ၴઌٵΔڇڼཚၴ֊֎ലᢴᙰฝೈࢨ࠵ೈᖲߪሽۃΔڼױᖄીᢴփ 26 ߻ᔼᇘ
ᆜჾᡏΖ
ڇ٤ՀݶၨழࢨփᆜೂᗉךሽழΔኘᤚᨠནᕴփቹቝലڶ᎘პᔼ೯Δڼ᥆
إൄ෼ွΔኙࢬ᥊ቹቝࠀྤᐙ᥼Ζ
ૉᣂຨઌᖲሽᄭࢨೖش٠ᖂ᡹ࡳ߻ᔼᇘᆜழΔᢴ᧯ࢨᄎ࿇נʳ 䢅Ε䢅ʳᜢ㫠Δڼ
լᜢ㫠ࠀլᎽംᠲΖ
$320$&52PP)(;'*26+60 ᧢ྡྷᢴΔ಻ش࣍ ౉؍6RQ\Εᎏ൓
3DQWD[ հᖲጟՂױٵழ࿇ཀᢴߪ߻ᔼ֗၌ᜢຒኙྡྷפ౨Ζڇඔ೯ᢴߪ߻ᔼפ
౨ழΔ೭ᓮലᖲߪՂ٠ᖂ߻ᔼפ౨ᣂຨΔթױࠌشΖૉࠌشᖲߪՂ٠ᖂ߻ᔼפ
౨ΔՈؘᏁലᢴߪ߻ᔼפ౨ᣂຨΖ
ڼᢴ಻ش࣍Հ٨ীᇆ .21,&$ 0,12/7$ '<1$;  0$;;80 ' '<1$; 
0$;;80' ֗621<$ ᖲীழΔᏁ᠃ಖڇᣂᖲೖشছΔ೭ؘᏁലᢴߪ 26
߻ᔼߓอ٣۩ᣂຨΔթױᣂᖲΙૉሔ֘࿓ݧᖙ܂Δᢴ᧯ 26߻ᔼߓอലڂ޲إ
ൄڃᣂຨۯᆜۖᖄીჾᡏΖ
ᆜڶ 26٠ᖂ߻ᔼפ౨ᢴᙰࠋ౨Ε؍ൈ൷ᛩΔૉ಻ش࣍ႚอဗࣥ໢ᢴ֘
٠ઌᖲߪՂΔઌᣂ߻ᔼפ౨ലᄎ؈யΙ܀ࠋ౨ (269Ε؍ൈ ) ᖲীೈ؆Ζ
Կᆬຑ൷ஆ
ᢴߪᆜױࣈڤᆬຑ൷ஆΔڇᤩ࣋ࠡ᠙ၨ৵Δᢴߪױᙟრ᠏೯܂ֽؓࢨᓻمࣁ
᥊ቹΖ
ല᠙ၨᤩ࣋֗ࢮנΔঁױലᢴߪࣈᠦᆬຑ൷ஆቹΖ
ೂᗉ᥊ᐙ
ڇࠌشڼᢴၞ۩ೂᗉ᥊ᐙழΔᓮ֎ࠌشᖲߪփᆜೂᗉΔ܍ᖄીᐙቝՀຝנ෼ࣖ
ᄆ႕ᐙ෼ቝΙ৬ᤜࠌش؆ᆜೂᗉΖ
᎛᥊ᏺ၏ᢴ
ڼᢴױ಻شᔞ್ $32(;'* [ ࢨ [ ᎛᥊ᏺ၏ᢴ׼᝜ᆜΔྡྷ၏ܛױ։
ܑᏺ࢏ሒ PP) ࢨPP) ᎛᥊ᢴΖ
Ŧ٨ՂᢴᙰΔլױ಻شࠡה঴ྨᏺ၏ᢴΖ
Ŧڇ಻ش '6/5 ᑇᒘ໢ᢴ֘٠ઌᖲழΔ㺞௺৬ᤜᢴᙰᚨ಻ش '* ߓ٨ $32 ᎛
᥊ᏺ၏ᢴΖ
Ŧᎏ൓൷ᛩᏺ၏ᢴࠀլ֭གڼᣊࡳীᇆᢴᙰΖ
Ŧᅝᢴᙰ൷ٽ $32[ ᏺ၏ᢴԫದࠌشழΔᢴᙰ׽౨א֫೯ᓳྡྷֱڤᖙ܂Ζ
Ŧᅝᢴᙰ൷ٽ $32[ ᏺ၏ᢴԫದࠌشழΔᢴᙰױڇ P ۟ྤૻ᎛ྡྷ၏֡
א۞೯ኙྡྷֱڤᖙ܂Ι܀ P ۟Pྡྷ၏֡ঞ֫೯ᓳྡྷֱڤᖙ܂Ζ
Ŧᅝᢴᙰ൷ٽᏺ၏ᢴԫದࠌشழΔڰছڇྡྷ၏ૻࠫၨ๻ࡳലᄎ؈யΖ
Ŧ಻شᏺ၏ᕴᒳᇆ  אՂΔױኔ෼ $) ۞೯ኙྡྷΔૉᏺ၏ᕴᒳᇆ܅࣍
Δ۞೯ኙྡྷല؈யΖ
Ŧૉઌᖲ $) ۞೯ኙྡྷᑓڤ๻࣍³ኙֺڤ´ኙྡྷழΔኔழ࠷ནኙྡྷפ౨ױٵழച۩Ζ
ᔟ٠ᆝ
ᙟᢴඝԵڤᔟ٠ᆝΙڜᇘֱڕ!ቹΔᑑقۯ൷ຑΔᤉႉழಾֱٻඝԵΖ
ᔟ٠ᆝפ౨ڶயࣂ௣؆ࠐᠧ٠ၞԵᐙ㫠ࣁ᥊Ζ
Ŧ$36& ᔟ٠ᆝ᠏൷ᕴᙟᢴᢤΖᅝڼᢴ಻ٽ $36& ᑇᒘ '6/5 ࠌشழΔ৬
ᤜᆜٽ᠏൷ᕴࡉᔟ٠ᆝԫದࠌشΔאࣂ௣؆ࠐᠧ٠ၞԵᐙ㫠ࣁ᥊Ζڜᇘֱ
ڕቹΖ
Ŧࣹრڼᔟ٠ᆝ᠏൷ᕴΔլᔞٽፖᔟ٠ᆝԫದ಻ٽش࣍אՀᖲጟ௑ڤ٤༏૿
[PPΕ$36+ ࢨࠌشᓄׂ࿛໢ᢴઌᖲΙૉ㺞۩ࠌشΔࢬ᥊࠷ᐙቝ؄ߡല
נ෼؈٠ᄆߡൣΖ
Ŧૉലᢴ֗ᔟ٠ᆝ࣋ڃᚏژ๳Δ೭ؘ٣ലᔟ٠ᆝኴՀΔ٦ലֱࠡ֘ٻ୚ڃڇᢴᙰ
ছጤΔڕቹΖ׼ᔟ٠ᆝױኴՀΔ٦ലֱࠡ֘ٻ୚ڃڇᔟ٠ᆝ᠏൷ᕴছጤΖ
ៀᢴ
ޢڻ׽ױࠌشԫ࣭ៀᢴΖڕ࣠ࠌش࣭ࠟאՂ֗Яࢨࠌشೣ٠ᢴ࿛௽দៀᢴΔຟ
ױ౨ᄎທګᄉᐙΖ
$) ઌᖲᚨᙇشႽݮೣ٠ᢴΖ
ᢴᙰૉ಻ٽៀ٠ᢴࡉᔟ٠ᆝ᠏൷ᕴԫದࠌشழΔᏁࣹრៀ٠ᢴᏁؘᏁ٣ᇘ಻ڇ
ᢴᙰছΔ٦಻Ղᔟ٠ᆝ᠏൷ᕴΔૉ಻شݧڻᙑᆜΔࢬ᥊࠷ᐙቝ؄ߡലנ෼؈٠
ᄆߡൣΖ
ᡜ٠ᓳᆏ㧬ە
ڇၞ۩პ၏៊ᐙழΔᢴ࿟ലᙟ๯᥊᧯࣋Օ෷᧢೯ۖۼ࢏Δۖ )ᡜ٠ଖٍڶ
ࢬ᧢೯Δܶ 77/ ໢ᢴઌᖲױ۞೯ၞ۩ଥإᇖᚍΙ܀಻ش 77/ ᣊীೂᗉழ
ࢨא؆ᆜྒྷ٠Ꮪၦ৫ᡜ٠ଖழ৬ᤜشᡜ٠༼ق܂㧬ەΖ
অ塄֗ژ࣋
ᚨᝩ܍ᐳᚰࢨ൷ᆜ࣋ڇᎩᑷΕᄕܐࢨᑪᛘᛩቼՀΖ
ڕ࣠૞ཚژ࣋Δࡵᙇᖗອළ೓෯֗ຏଅߜړچֱΖԱঅᥨᢴᙰףᓂᐋΔ
ࡵ᎛ᠦ߻៽Մࢨ߻៽Մ࿇נ௛᧯چֱΖ
ᢴׂՂۆৃࢨెױشຌპᛘᢴᙰؒࢨᢴᙰ౐堚ᑥΔ൫֊֎شᄫᕪΕ૖
ࢨࠡהڶᖲ堚ᑥᕪΖ
ءᢴᙰࠀլ߻ֽΔՀࢨ൷ֽᄭழࠌش௽ܑ՛֨Δ֊֎ݫᛘΖଣૉփຝᖲٙΕ
ᢴׂ֗ሽ՗ሿٙڂ࠹ᛘݫჾΔՕຟྤଥ෻Ζ
ᄵ৫ડ᧢ױ౨ᄎחᢴᙰ૿ᕩ࿨ᣆ௛ࢨֽរΔڂڼڇ֚௛༃ܐழၞԵᄊࡉ৛
փᛩቼΔ່ړലᢴᙰ࣋ڇᢴᙰ๳փΔ۟ᢴᙰᄵ৫൷৛ᄵַΖ
ʳ
׽󱂑شՊխ㧺ʳ 䣈
䣈
঴֫㡸ք Ẋ ٲ呐 凝  ټ㲯 א ֗ژ ڇ ᩓܡ ʳ
ڶڶ୭凝ࢨցై
ຝٙټ㲯 卋
3E
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؆㨆㺉ຝٙg Ũ Ũ Ũ Ũ Ũ
؆㨆䰵౟ຝٙŨ Ũ Ũ Ũ Ũ Ũ
ഗࣨຝٙ g Ũ Ũ Ũ Ũ Ũ
٠䝤ຝٙ Ũ Ũ Ũ Ũ Ũ Ũ
󰩶ඳຝٙ Ũ Ũ Ũ Ũ Ũ Ũ
䩥
ࣹ
׽󱂑شՊխ㧺
Ũق具ڶڶ୭凝ڇ具ຝٙࢬڶ݁凝ޗறխܶၦ݁ڇ 6-7 䰬଱
億ࡳૻၦ૞ޣאՀΖ
gق具ڶڶ୭凝ࠩڇ具ຝٙԫ݁凝ޗறխܶၦ၌נ 6-7
䰬଱億ࡳૻၦ૞ޣΖ
 ࢨ䨞ݮܶ㠼ڼ䰬兘󱂑شՊڇխ㧺ቼ㡕历ഇ䶣՗允ஒ䣈঴㩾অࠌشཚૻΖ
ڼ䣈঴ࠌش׽૞ᙅښڜ٤ࡉࠌشՂࣹრࠃ咊Δ㡘س䣈հֲದԼڣࢨնڣཚ吗լ
㢸㢑㩾ቼۆΔՈլ㢸㢑Գߪࡉ凗䣈ທګૹՕᐙ㫠Ζ
խ֮ᎅࣔ஼
㐐Ἤ⫼ ⥀㪼⪰ Ạ㢹䚨㨰㊈㉐ ␴␜䢼 ᵄ㇠䚝⏼␘⸬ ㉘⮹㉐⪰ 㢱㡰㐔 䟸⥀㪼㢌
ὤ⏙㦤㣅 㼜Ἵㇵ㢌 㨰㢌㥄㡸 㥉䞉䚌󰵡 㢨䚨䚌㜠 ㇠㟝䚨 㨰㐐Ὤ ⵈ⣁⏼␘❄䚐
⸬ ㉘⮹㉐⏈ ᴵ 㾨⮈⢰ ⫼㟨䏬ⷸ ḩ㟝㉘⮹㉐⦐ ╌㛨 㢼㡰⮤ ⥀㪼䚡⯝⫼␘
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Š⥀㪼⪰ 㣙㵝䚐 㾨⮈⢰⦐ 䈐㛅 ⵃ ᵉ䚐 ṅ㉔㡸 㡕㙼㡰⦐ 㫵㥅 ⸰ ⚀ 㐐⥙㣙㚔⪰
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䞈㣠㢌 㠄㢬㢨 ╝⏼␘
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㜰⥘ᴴ 㢼㏩⏼␘
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Ĭ䙸䉤㋀䁇
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Ĵ䏬⢰㢨䔠☐ ㋀䁇
ĵ⥀㪼 䟸☐
Ķ$36&G 䟸☐G 㛨⑅䉤
⏼䂌 $) 䇴㢹 㾨⮈⢰
㢨 ⥀㪼㢌 ὤ⏙☘㡴*䇴㢹㦤⫠ᵐ ⫵㢨 㛺⏈㝘䋔 䔠䀘㏘ ⏼䂌 ⥀㪼㝴 ┍㢰
䚝⏼␘㾨⮈⢰㝴㢌 㦤䚝㜄 ♤⢰ 㢰⺴ ὤ⏙☘㢌 㥐䚐㢨 㢼㡸 ㍌ 㢼㏩⏼␘㦴⒈
㣄㉬䚐 ⇨㟝㡴 㾨⮈⢰㢌 ㇠㟝 ㉘⮹㉐⪰ 㵬㦤 䚌㐐ὤ ⵈ⣁⏼␘
䓐䇵㏘ $) 䇴㢹 㾨⮈⢰
㢨 ⥀㪼㢌 ὤ⏙☘㡴)$-䇴㢹㦤⫠ᵐ ⫵㢨 㛺⏈㝘䋔 䔠䀘㏘ 䓐䇵㏘ ⥀㪼㝴
┍㢰 䚝⏼␘㾨⮈⢰㝴㢌 㦤䚝㜄 ♤⢰ 㢰⺴ ὤ⏙☘㢌 㥐䚐㢨 㢼㡸 ㍌ 㢼㏩⏼␘
㦴⒈ 㣄㉬䚐 ⇨㟝㡴 㾨⮈⢰㢌 ㇠㟝 ㉘⮹㉐⪰ 㵬㦤 䚌㐐ὤ ⵈ⣁⏼␘
⥀㪼㢌 㣙㵝ⵝⷉ
㾨⮈⢰㜄 㣙㵝㵝䇼ⵝⷉ㡴 ㇠㟝䚌㐐⏈ 㾨⮈⢰ 㥐㦤㇠㢌 ⥀㪼ẤḰ ┍㢰䚌⳴⦐
㾨⮈⢰ ㇠㟝㉘⮹㉐⪰ 㵬Ḕ䚌㐐ὤ ⵈ⣁⏼␘
Ŧ⫼㟨䏬 ⮨㜄⏈ 㦤⫠ᵐ 㜤┍㟝 $) 㜤 ┍㟝 㣙㾌 ⵃ 㤸ὤ 㥅㥄 ☥㢨 㢼㏩⏼␘ㇵ㷌 ⵃ
㝘㜰㜄 㢌䚌㜠 㝘㣅┍ ⵃ Ḕ㣙㢌 㠄㢬㢨 ╌⳴⦐ 㨰㢌 ⵈ⣁⏼␘
㦤⫠ᵐ ㉘㥉
㦤⫠ᵐ ㉘㥉ⵝⷉ㡴 ㋀㫴䚌Ḕ 󰶙㐔 㾨⮈⢰ 㥐㦤㇠㢌 ⥀㪼ẤḰ ┍㢰䚌⳴⦐ 㾨⮈⢰
㇠㟝㉘⮹㉐⪰ 㵬Ḕ䚌㐐ὤ ⵈ⣁⏼␘
㸼 㥄
㢨 ⥀㪼⏈ 䚌㢨䒰 ㋀⏽ ⯜䉤+60㸼㢀䑀 ⯜䉤⪰㵸䈑䚌㜠㐔㋁䚐 㝘䋔
䔠䀘㏘㝴 㣅┍㢀㢌 㥐ᶤ⪰ 㐘䜸䚌㜴㏩⏼␘
䇶6,*0$$)㝴 &$121$)䇷
㝘䋔 䔠䀘㏘ 㣅┍㡸 㠸䚨㉐⏈ ⥀㪼㢌 䔠䀘㏘ ⯜☐ ㏘㠸㾌⪰³$)´⯜☐⦐
㉘㥉䚌㐐ὤ ⵈ⣁⏼␘ Ἤ⫰  䔠䀘㏘⪰ ㍌┍㡰⦐ ㉘㥉䚌㐐ὤ⪰ 㠄䚌㐘 󰶒㟤
⥀㪼㢌 䔠䀘㏘ ⯜☐ ㏘㠸㾌⪰³0´⯜☐⦐ ㉘㥉䚌㐐⮨ 䔠䀘㏘ ⫵㡸 ─⥘ 㸼㥄
㦤㥉㢨 ᴴ⏙䚝⏼␘
䇶1,.21$)3(17$;$)㝴621<䇷
㝘䋔 䔠䀘㏘ 㣅┍㡸 㠸䚨㉐⏈㾨⮈⢰⪰$)⯜☐⦐ ㉘㥉䚌㐔 䟸 ⥀㪼㢌 䔠䀘㏘
⯜☐ ㏘㠸㾌⪰³$)´⯜☐⦐ ㉘㥉䚌㐐ὤ ⵈ⣁⏼␘ Ἤ⫰  䔠䀘㏘⪰ ㍌┍㡰⦐
㉘㥉䚌㐐ὤ⪰ 㠄䚌㐘 󰶒㟤⥀㪼㢌 䔠䀘㏘ ⯜☐ ㏘㠸㾌⪰³0´⯜☐⦐
㉘㥉䚌㐐⮨ 䔠䀘㏘ ⫵㡸 ─⥘ 㸼㥄 㦤㥉㢨 ᴴ⏙䚝⏼␘
Ŧ
㾨⮈⢰㢌 䔠䀘㐥 ⯜☐⪰ ⷴ󰶒䚌ὤ 㠸䚨㉐⏈ 㾨⮈⢰ ㇠㟝 ㉘⮹㉐⪰ 㵬㦤䚌㐐ὤ ⵈ⣁⏼␘

Ŧ⏼䂌䓐䇵㏘㋀⏼ ⫼㟨䏬㢌 󰶒㟤㾨⮈⢰ ⵈ♈㜄㉐$) ⪰ 㫴㠄䚨 㨰⏈ ⯜⒬㜄⬀
+60 Ḱ ᵍ㡴 㸼㢀䑀 ⯜䉤ᴴ 㫴㠄╝⏼␘㾨⮈⢰ ⵈ♈㜄㉐ 㢨⤠䚐 ⯜䉤 䇴㢹㡸
㫴㠄䚨㨰㫴 㙾㡰⮨$)ὤ⏙㡴 㣅┍╌㫴 㙾㏩⏼␘
Ŧ㢨 ⥀㪼⏈$) 㜄 ㉘㥉═ ㇵ䈐㜄㉐ ⬘⎨㛰⦐ 䙴䏬 ⸨㥉㢨 ᴴ⏙䚝⏼␘㾨⮈⢰⪰21(
6+27 㝘䋔 䔠䀘㏘ 㜄 ㉘㥉䚌㜠䚝㥄 䟸㊈䉤 ⶸ䏰㡸 ⵌ ㊈䉤 ㇵ䈐㜄㉐ 䔠䀘㏘
⫵㡸 ─⥘ 䙴䏬⪰ ⬒㻙⏼␘
Ŧ䔠䀘㏘⫵㢨 ⱨ䚐␴㢌 㠸㾌㜄㉐⓸ 㠄ᶤ⫠㜄 㸼㥄㢨 ⬒㫴 㙾㡸 ㍌⓸ 㢼㡰⳴⦐
䑀㢬⒈⪰ 䞉㢬䚌⮨㉐ 㹠㜵䚌㜠 㨰㐡㐐㝘
㸼㥄 㥐䚐 ㏘㠸㾌
㢨⥀㪼⏈$)ⷈ㠸⪰ 㥐䚐䚔 ㍌ 㢼⏈ 㸼㥄 㥐䚜 ㏘㠸㾌ᴴ 㢼㏩⏼␘Ἤ⫰ 
㙸⣌㢌 ㉬ᴴ㫴 ⯜☐⪰ ㉔䈑䚔 ㍌ 㢼㏩⏼␘

)8//Pa
Pa
PaP
㹠㜵 ⵤ㡜
⥀㪼㢌 󰶒䋩㜄22㢨⢰Ḕ 䖐ὤ╌㛨 㢼⏈ ㍌㾌⏈ Ἤ ᶤ⫠㜄 㢼⏈ 㥅㇠ⵤ㡜㡸
⇌䇴⇹⏼␘G㢨ᶷ㡴䙸⪸ㇵ㜄 ⬮䢼⏈ ㇵ㢌 䆠ὤ  䙰㇠㷨㢌 㐘㥐 䆠ὤ㢌
⽸㡜⦐ 䖐㐐╝⏼␘㜼⪰☘⮨G ⵤ㡜 㡴 FP 㢌 䙰㇠㷨ᴴ 㢨⴬㫴 ㉰㉐⇌
䙸⪸ㇵ㜄FP⦐ ㇵ㢨 ⬮䢼⏈ ᶷ㡸 ⇌䇴⇹⏼␘OἬ⫰ PG
262SWLFDO6WDELOL]HU 䏭㬉
26 2SWLFDO 6WDELOL]HU ⥀㪼⏈ 㾨⮈⢰㢌 䢈☘⫰㜄 㢌䚨 ⇌䇴⇌⏈ 㢨⴬㫴 䢄⫰
䜸ㇵ㡸 䟜Ḱ㤵㡰⦐ ⸨㥉䚨 㩁⏼␘㢨 ⥀㪼㢌 26 ὤ⏙㡸 㢨㟝䚌⮨ ㇠㟝䚌㫴
㙾㡸 ⚀⸨␘ 㚱 ㏘䊑 ⾔⪬ ㊈䉤㏘䙰☐⪰ 䞉⸨䚔 ㍌ 㢼㛨 ㉔⮹䚐 㢨⴬㫴⪰
㛯㡰㐘㍌㢼㏩⏼␘
26ஂ2SWLFDO 6WDELOL]HU ஃ㏘㠸㾌⪰0RGH  Ἤ⫰  㜄 ⋇㏩⏼␘ⵌ㊈䉤⪰
⌸⪨Ḕ ⼤ 䑀㢬⒈㢌 㢨⴬㫴ᴴ 㙼㥉㤵㢬㫴 䞉㢬㡸 䚐 䟸 㹠㜵㡸 䚝⏼␘ ⵌ
㊈䉤⪰ ⌸⪬ 䟸㙼㥉㤵㢬 㢨⴬㫴⪰ 㜤㻐䚌⏈ ⒤㜄⏈ 㚱 㸼ᴴ ㋀㟈╝⏼␘
0RGH  ⏈ ㍌㫵㡰⦐㢌 㾨⮈⢰ 䢈☘⫰㡸 ᵄ㫴䚨 䢈☘⫰㡸 ⸨㥉䚨 㩁⏼␘
㾨⮈⢰㜄 ␴䚨 ㍌䓽㡰⦐ 㟴㫵㢨⏈ 䙰㇠㷨㜄 䟜Ḱ㤵 㢹⏼␘
Ŧ26 㢌 䢈☘⫰ ⸨㥉 ὤ⏙㡴 ㋄㡰⦐ 㣕Ḕ 㹠㜵㡸 䚔 ⚀ 䟜Ḱ㤵 㢹⏼␘␘㢀㢌
㦤ᶨ㜄㉐26⏈ 㤵㤼䚌󰵡 㣅┍䚌㫴 㙾㡸 ㍌ 㢼㏩⏼␘
ŀ㟴㫵㢨⏈ 㣄┍㵜㜄㉐ 㹠㜵ŀ 㾨⮈⢰㢌 㟴㫵㢸㢨⇌ 䢈☘⫰㢨 ㇵ␭䢼 䆨 ⚀
Ŧ␘㢀㢌 ㇵ䞝㜄㉐⏈26⪰ ㇠㟝䚌㫴 ⫼㐡㐐㝘
ŀ⥀㪼⪰ 䏬⢰㢨䔠☐㜄 㣙㵝䚨 ㇠㟝䚔 ⚀   ŀ ⷀ⽀ 㹠㜵 㐐⊬㻐㐐ᴸ㢨 Ὤ ⚀
Ŧ26 ὤ⏙㡴 㾨⮈⢰ 㤸㠄㡰⦐ 㣅┍╝⏼ ␘㾨⮈⢰㜄26⥀㪼⪰ 㣙㵝䚨26ὤ⏙㢨
䞐㉥䞈 ╌㛨 㢼⏈ 󰶒㟤┍㢰䚐 㾨⮈⢰㜄 㤸䋩㤵㢬 ⥀㪼⪰ 㣙㵝䚼㡸 ⚀⸨␘ 㹠㜵
ᴴ⏙ 㐐ᴸ㢨 㨸㛨☘ ᶷ㢹⏼␘ 26 ὤ⏙㡸 ㇠㟝䚌㫴 㙾㡸 ⚀㜄⏈ⵤ䉤⫠㢌 ㋀⯜⪰
㨸㢨ὤ 㠸䚨 26 ㏘㠸㾌⪰2)) ⦐ 䚨 㨰㐐ὤ ⵈ⣁⏼␘
Ŧ
㾨⮈⢰㜄 ⥀㪼⪰ 㣙㵝䚌ὤ 㤸㜄

26
㏘㠸㾌ᴴ
2))
㠸㾌㜄 㢼⏈㫴 䞉㢬䚨 㨰㐐ὤ ⵈ⣁⏼␘

Ŧ⊬㻐󰶙㜄 ⊬㻐 ᵆ㢨 䖐㐐╌⏈ 䚐 ㊈䉤 ⶸ䏰㡸 ⋇㡴 䟸㜄⓸26ὤ⏙㡴 󰶙㋁
㣅┍䚝⏼␘ 26 ὤ⏙㢨 㣅┍䚌⏈ ┍㙼㜄⏈ 㤼␴⦐ ⥀㪼⪰ ⺸⫠䚌ᶤ⇌ 㾨⮈⢰㢌
ⵤ䉤⫠⪰ ⺸⫠䚌㫴 ⫼㐡㐐㝘Ἤ⤻󰵡 䚔 󰶒㟤 ⥀㪼㜄 ㋄ㇵ㡸 㨸 ㍌ 㢼㏩⏼␘
Ŧ㹠㜵 䟸 㾨⮈⢰ ⇨㣙 䙀⣌㐐㢌 㻝㤸 㢨 㐐㣅╔ ⚀ ⼤ 䑀㢬⒈ 㢨⴬㫴ᴴ 䢈☘⥘㉐
⇌䇴⇌⒈⢰⓸ 㢨⴬㫴㜄⏈ 㙸ⱨ⤤ 㜵䛙⓸ 㨰㫴 㙾㡸 ᶷ㢹⏼␘
Ŧ26 ὤ⏙㢨 㣅┍䚌⏈ ┍㙼 㾨⮈⢰ 㤸㠄㢨 ῰㫴ᶤ⇌ ⥀㪼 ᴴ ⺸⫠╔ 󰶒㟤 ⥀㪼㜄㉐⏈
㋀㢀㢨 ⵐ㈑䚔 ㍌ 㢼㡰⇌ 㝘㣅┍㡴 㙸␍⏼␘
Ŧ㋀⏼䓐䇵㏘ ⫼㟨䏬 ⥀㪼㢌 󰶒㟤 㾨⮈ ⢰ ⵈ♈㜄㉐+60 Ḱ ᵍ㡴 㸼㢀䑀 Ḕ㋁ ⯜䉤⪰
㫴㠄䚨 㨰㛨㚰⬀ ⥀㪼㜄 䈅㣠═26 ὤ⏙㡸 ㇠㟝䚔 ㍌ 㢼㏩⏼␘ 26 ὤ⏙㡸 ㇠㟝䚔
⚀⏈ 㾨⮈⢰ ⵈ♈㢌 ㋄ ⛜⫰ ⵝ㫴 ὤ⏙㡸 ⅸḔ ⥀㪼㢌 26 ㏘㠸㾌⪰21 㡰⦐
㉘㥉䚝⏼␘㾨⮈⢰ ⵈ♈㢌 ㋄ ⛜⫰ ⵝ㫴 ὤ⏙㡸 ㇠㟝䚔 ⚀⏈ ⥀㪼㢌26㏘㠸㾌⪰
2)) ⦐ 䚐 䟸 㾨⮈⢰㢌 ㋄ ⛜⫰ ⵝ㫴 ὤ⏙㡸21㡰⦐ ㉘㥉䚝⏼␘
Ŧ⬀㚱 㢨 ⥀㪼⪰ .21,&$0,12/7$'<1$;0$;;80''<1$;0$;;80'䝭㡴
621< $ 㾨⮈⢰㝴 㘤㐔␘⮨ 㾨⮈⢰ ⵈ♈⪰ ⅸ㐐ὤ 㤸㜄 ⥀㪼㜄 26 ㏘㠸㾌⪰
῰㨰㐐ὤ ⵈ⣁⏼␘⥀㪼㢌 26 ⮈䀘⏼㫌㡸 ⅸὤ 㤸㜄 㾨⮈⢰ ⵈ♈⪰ ῰ⶸ⫠⮨
⥀㪼㢌26 㡔␏㢨 㥐 㣄⫠㜄 Ḕ㥉╌㫴 㙾㡸 ᶷ㢹⏼␘㢨 󰶒Ḕ⪰ ⱨ㐐䚌⮨ ⥀㪼㜄
ⱨ⫠ᴴ ᴼ ㍌ 㢼㏩⏼␘
Ŧ⏼䂌Ḱ 㿄⊰ ⫼㟨䏬㢌 󰶒㟤⏼䂌)Ḱ㿄⊰(269 ⪰ 㥐㞬䚐 䙸⪸ 6/5
㾨⮈⢰㝴⏈ 26 ὤ⏙㢨 㣅┍╌㫴 㙾㏩⏼␘
䏬⢰㢨䔠☐ ㋀䁇
㢨 ⥀㪼㜄⏈ 䇼⺴㵝 ᴴ⏙䚐 䏬⢰㢨䔠☐ ㋀䁇㢨 㢼㏩⏼␘㇠㟝㣄ᴴ 㾰⢰㢌 㣔Ἴ
㋄㣕㢨⪰ 䖴⮨⥀㪼㝴 㾨⮈⢰⪰ 㣄㡔⦡󰵡 㟴㫵㜠㾨⮈⢰⪰ ㍌䓽㢨⇌ ㍌㫵
㠸㾌⦐ ⬒㻐 ㍌ 㢼㏩⏼␘Ἤ⫰ 
⥀㪼㜄㉐ 䏬⢰㢨䔠☐ 㾰⢰⪰ 㥐ᶤ䚌⥘⮨⭰㤴 㣔Ἴ ㋄㣕㢨⪰ 䖴Ḕ Ἤ ␘㢀
␭ὤ㐐⮨ ╝⏼␘Ἤ⫰ 
䙀⣌㐐 㹠㜵
㾨⮈⢰㜄 Ḕ㥉═ 䙀⣌㐐⪰ ㇠㟝䚌㐐⮨ Ἤ⫰㣄ᴴ ⵐ㈑䚝⏼␘Ḕ㥉䝉 䙀⣌㐐⪰
㇠㟝䚌㫴 ⫼㐐Ḕ 㞬㣙䝉 䙀⣌㐐⬀ ㇠㟝䚌㐐ὤ ⵈ⣁⏼␘
䊈⤼ 䀜ⶸ䉤㜄 ␴䚌㜠
㢨 ⥀㪼⪰ 㐐Ἤ⫼㢌[(;⇌[ (; '*$32 7HOH&RQYHUWHUV㉔䈑㇠㛅
㝴䚜󰾭㇠㟝䚔󰶒㟤ᴵᴵ PP ) ⬑㠄 ⥀㪼⇌ PP ) ⬑㠄
⥀㪼⦐㒜 ㇠㟝䚔 ㍌ 㢼㏩⏼␘
Ŧ㠸㜄 㛬Ἵ═ 䊈⤼ 䀜ⶸ䉤 㢨㞬㢌 ᶷ㡴 ㇠㟝䚌㫴 ⫼㐡㐐㝘
Ŧ'6/5 㾨⮈⢰㝴 䚜󰾭 ㇠㟝䚔 󰶒㟤㤴䢠⏈'*ⶸ㤸㢌 $32 7HOH&RQYHUWHU ⪰䚜󰾭
㇠㟝䚌㐐Ὤ Ề㣙䚝⏼␘
Ŧ䓐䇵㏘ ⫼㟨䏬 䊈⤼ 䀜ⶸ䉤⏈ 䏭㥉 ⥀㪼㝴⏈ 䝬䞌╌㫴 㙾㏩⏼␘
Ŧ$32[(;'* 䊈⤼ 䀜ⶸ䉤⪰ 㣙㵝䚔 ⚀⬘⎨㛰 䔠䀘 ㏘⬀ ㇠㟝䚔 ㍌ 㢼㏩⏼␘
Ŧ
$32[
䊈⤼ 䀜ⶸ䉤㝴 䚜󰾭
$)
⏈ ⱨ䚐␴㜄㉐
P
㇠㢨㜄㉐ 㣅┍㐐䇠 ㍌ 㢼㏩⏼␘

ᶤ⫠ 䖐㐐󰶙ᴴ P 㝴P㇠㢨㜄 㢼⏈ 󰶒㟤0)⬀ 㢨㟝䚔 ㍌ 㢼㏩⏼␘
Ŧ$32 䊈⤼ 䀜ⶸ䉤⪰ 㣙㵝䚔 ⚀䔠䀘㏘ ⫠⴬䉤⏈ ㏘ 㠸㾌㢌 㠸㾌ᴴ ⷴ󰶒 ╌⒈⢰⓸
㣅┍䚌㫴 㙾㏩⏼␘ 㾨⮈⢰ᴴ³䂌䏬⢰㏘䏬 ᵄ㫴´ $) ⦐╌㛨㢼㡰⮨⢰㢨⽀⼤⪰
㇠㟝䚔 ㍌ 㢼㏩⏼␘
Ŧ㋀⏼$)⫼㟨䏬㢌 󰶒㟤 㐐⫠㛰ⶼ䝬  㢨ㇵ㢌 䊈⤼ 䀜ⶸ䉤⪰ 㣙㵝䚔 󰶒㟤$)
ᴴ 㣅┍╔ ᶷ㢹⏼␘Ἤ⤠⇌ 㐐⫠㛰ⶼ䝬  㙸⣌㢌 䊈⤼ 䀜ⶸ 䉤⪰ 㣙㵝䚔 󰶒㟤
$) ⏈ 㣅┍╌㫴 㙾㡸 ᶷ㢹⏼␘
Ŧ㾨⮈⢰㜄 µFRQWUDVW GHWHFW¶ $) ⯜☐ᴴ 㢼㡰⮨ ⢰㢨⽀ ⼤⪰ 䋩䚨 㝘䋔 䔠䀘㏘⪰
㇠㟝䚌㐘 ㍌ 㢼㏩⏼␘
⥀㪼 䟸☐
㥐ᶤᴴ ᴴ⏙䚐 ⷔ㟈≫ 䇴㢹㢌 䟸☐ᴴ ⥀㪼㝴 䚜󰾭 㥐ḩ╝⏼␘㢨 ⥀㪼 䟸☐⏈
㣕ṅ㜄 㢌䚐 䙀⤼㛨㝴 Ḕ㏘䏬 䜸ㇵ㡸 ⫽㙸㩁⏼␘䟸☐⪰ ↰㟤Ḕ ─㙸ᴴ㫴 㙾㡸
⚀ᾀ㫴 㐐󰶙ⵝ䛙㡰⦐ ─⥘㩁⏼␘Ἤ⫰ 
Ŧ$36& 䟸☐ 㛨⑅䉤ᴴ ⥀㪼㝴 䚜󰾭 ḩἽ╝⏼ ␘㢨㤸㟝䟸☐⪰ $36& ㇠㢨㪼㢌
㢨⴬㫴 ㉰㉐⪰ ᴴ㫸 ♈㫴䉬 㾨⮈⢰㝴 ㇠㟝䚔 ⚀ ⒈ 䟜Ḱ㤵㡰⦐ ⾏㡸 㵜␜䚨 㩁⏼␘
$36& 䟸☐ 㛨⑅䉤⪰ ⥀㪼 ⵈ♈㝴 ⥀㪼 䟸☐ ㇠㢨㜄 ↰㠀 㨰㐡㐐㝘Ἤ⫰ 
Ŧ㢨 ⥀㪼⪰ 䖴 䘸⤼㢸 ♈㫴䉬 㾨⮈⢰⇌ $36+ ㇠㢨 㪼㢌 㢨⴬㫴 ㉰㉐ 䝭㡴 䙸⪸
㾨⮈⢰㝴 ㇠㟝䚔 ⚀$36&䟸☐ 㛨⑅䉤⪰ ㇠㟝䚌㫴 ⫼㐡 㐐㝘⬀㚱 㠸㜄 㛬Ἵ═
㾨⮈⢰㜄 $36& 䟸☐ 㛨⑅䉤⪰ ㇠㟝䚐␘⮨ ⽸≘䐹 䜸ㇵ㢨 㢰㛨⇔ ᶷ㢹⏼␘
Ŧ⥀㪼㝴 䟸☐⪰ ⸨Ḵ 䀴㢨㏘㜄 ≗㡰⥘⮨ ⭰㤴 䟸☐⪰ 㥐ᶤ 䚨㚰⬀ 䚝⏼␘Ἤ␨㜄
䟸☐⪰ ᶤ󱂍⦐ ⥀㪼 㠸㜄 㝠⥘ ⋇㙸㚰 䚝⏼␘Ἤ⫰ $36&䟸☐ 㛨⑅䉤 ᴴ ⥀㪼
↑㜄 ⻍㛨㢼㛨⓸ ⥀㪼 䟸☐⪰ ᶤ󱂍⦐ ␠ᶤ⇌$36& 䟸☐ 㛨⑅䉤㢌 ↑㜄 䘸⤤䏬
⥀㪼 㿕㡸 ␠ ㍌ 㢼㏩⏼␘
䙸䉤 ㇠㟝
Ŧ
䙸䉤⏈ 㠄㾍㤵㡰⦐

ᵐ⬀ ㇠㟝䚌㜠 㨰㐡㐐㝘

䞈⮨㨰ⷴ ṅ⣽㤴䚌 ⵝ㫴⪰ 㠸䚌㜠

Ŧ$) 㾨⮈⢰ ⵃ 㽕ṅ㡸 㠸䚌㜠 䚌䘸⴬⤠⪰ ㇠㟝䚌⏈ 㾨⮈⢰㜄㉐ 䓬ṅ䙸䉤⪰
㇠㟝䚔 󰶒㟤 㠄䓬ṅ䙸䉤&3/⪰ ㇠㟝䚌㜠 㨰㐡㐐㝘
⊬㻐 ⸨㥉
⥀㪼 ⵤ⤨㢌 䞉㣙 ⚀ⱬ㜄 䔠䀘㏘⪰ ⬒㻐 ⚀ ⫼䆠⦐ ⥀㪼㢌)≌ⶸ⏈ ⷴ󰶒╌⮤
6/5 䇴㢹 㾨⮈⢰ ⵈ♈⏈ 㣄┍㡰⦐ 㢨⪰ ⸨㥉䚝⏼␘㇠㟝㣄ᴴ 㞬㣙 ⊬㻐󰶙⇌
77/ 䇴㢹㢨 㙸␀ 䙀⣌㐐⪰ ㇠㟝䚔 󰶒㟤 ㇠㟝㣄⏈ ἰ㥅 ᶤ⫠㜄㉐ ⊬㻐 ⸨㥉㡸
䚨㚰 䚝⏼␘䖐
Ḵ⫠㼜Ἵㇵ㢌 㨰㢌
Ŧ㏩ὤ⏈ Ḥ䑕㢨 ⵃ ㇤䞈㢌 㠄㢬㢨 ╝⏼␘㣙ὤ ᴸ ㇠㟝䚌㫴 㙾㡸 󰶒㟤 ᶨ㦤㥐㝴 䚜󰾭
ⴴ⸽ᴴ⏙䚐 㟝ὤ㜄 ≗㛨 ⸨Ḵ䚌㜠 㨰㐡㐐㝘⇌䘸䇼⥀ ☥ ⵝ㻝㥐ᴴ 㢼⏈ ḧ㜄㉐ 䚜󰾭
⸨Ḵ䚌㫴 ⬄㙸 㨰㐡㐐㝘
Ŧ⥀㪼 ⮨㡸 㫵㥅 ㋄㡰⦐ ⬀㫴㫴 ⬄㙸 㨰㐡㐐㝘⭰㫴 ⵃ 㝘㜰㐐㜄⏈ 㜄㛨⽈⦐㛨 ⵃ
⥀㪼⽈⤠㐐⦐ 㷡㋀䚌㜠 㨰㐡㐐㝘

㫴ⱬ ☥㡴 㐐䑄䚌Ḕ 㢼⏈ ⥀㪼䆨⫠∼ 㚕Ḱ ⥀㪼䆨⫠␑
䓌㢨䒰⦐ ᴴ⸁󰵡 ␚㙸 㨰㐡㐐㝘␘⪬ 㡔ὤ㟝㥐⦐⏈ 㤼␴ ⥀㪼㷡㋀⪰ Ἴ䚝⏼␘
Ŧ㢨 ⥀㪼⏈ ⵝ㍌Ạ㦤ᴴ 㙸⏼⳴⦐ 㟤㷐 ⵃ Ɒᴴ 㨰㠸㜄㉐ ㇠㟝 㐐 Ɒὤ㜄 㥊㫴 㙾⓸ ⦑
㨰㢌 ⵈ⣁⏼␘
ŦἽ󰵾䚐 㝜⓸ ⷴ䞈㜄 㢌䚨 ⥀㪼 ⇨⺴㜄 Ɒⵝ㟬㢨 ⵐ㈑䚌⳴ ⦐ 㵜ᴴ㟨 㞬⺴㜄㉐ ♤⡯䚐
㐘⇨⦐ 㢨┍ 㐐㜄⏈ 䀴㢨㏘ ⵃ ⽸␄⸽䍠㜄 ≗㛨 㨰㠸㝜⓸㜄 ⬒㻈㛨 ㇠㟝䚌㐐ὤ ⵈ⣁⏼␘

㇠㟝G ㉘⮹㉐
Ȼɥɚɝɨɞɚɪɢɦ ɜɚɫ ɡɚ ɜɵɛɨɪ ɩɪɨɞɭɤɰɢɢ ɮɢɪɦɵ 6LJPD ɑɬɨɛɵ ɩɨɥɭɱɢɬɶ ɦɚɤɫɢɦɭɦ ɨɬ
ɜɚɲɟɝɨ ɨɛɴɟɤɬɢɜɚ6LJPDɩɨɠɚɥɭɣɫɬɚ ɩɪɨɱɢɬɚɣɬɟ ɢɧɫɬɪɭɤɰɢɸ ɩɟɪɟɞ ɧɚɱɚɥɨɦ ɪɚɛɨɬɵ
ɈɉɂɋȺɇɂȿ ɑȺɋɌȿɃ ɈȻɔȿɄɌɂȼȺɊɂɋ
ĬɊɟɡɶɛɚ ɩ ɨɞ ɮɢɥɶɬɪ
ĭɎɨɤɭɫɢɪɨɜɨɱɧɨɟ ɤɨɥɶɰɨ
Įɒɤɚɥɚ ɪɚɫɫɬɨɹɧɢɣ
į
Ʌɢɧɢɹ ɞɢɫɬɚɧɰɢɢ ɮɨɤɭɫɢɪɨɜɤɢ
ɢ ɮɨɤɭɫɧɨɝɨ ɪɚɫɫɬɨɹɧɢɹ
İȻɚɣɨɧɟɬ
ıɉɟɪɟɤɥɸɱɚɬɟɥɶ ɪɟɠɢɦɚ
ɫɬɚɛɢɥɢɡɚɰɢɢ26
IJɉɟɪɟɤɥɸɱɚɬɟɥɶ ɪɟɠɢɦɨɜ
ɮɨɤɭɫɢɪɨɜɤɢ
ijɈɝɪɚɧɢɱɢɬɟɥɶ ɞɢɫɬɚɧɰɢɢ
ɮɨɤɭɫɢɪɨɜɤɢ
Ĵɉɥɨɳɚɞɤɚ ɩɨɞ ɲɬɚɬɢɜ
ĵȻɥɟɧɞɚ
ĶȺɞɚɩɬɟɪ ɛɥɟɧɞɵ ɞɥɹ
ɢɫɩɨɥɶɡɨɜɚɧɢɹ ɫ
ɤɚɦɟɪɚɦɢ ɫ ɫɟɧɫɨɪɨɦ
ɮɨɪɦɚɬɚ$36&
ȾɅə ɄȺɆȿɊ ɌɂɉȺ1,.21$)
Ⱦɚɧɧɵɣ ɨɛɴɟɤɬɢɜ ɛɭɞɟɬ ɪɚɛɨɬɚɬɶ ɤɚɤ ɨɛɴɟɤɬɢɜɵ ɮɢɪɦɵ 1LNRQ ɫɟɪɢɢ * ɛɟɡ ɤɨɥɶɰɚ
ɭɩɪɚɜɥɟɧɢɹ ɞɢɚɮɪɚɝɦɨɣ ȼ ɡɚɜɢɫɢɦɨɫɬɢ ɨɬ ɢɫɩɨɥɶɡɭɟɦɨɣ ɦɨɞɟɥɢ ɤɚɦ ɟɪɵ ɦɨɝɭɬ
ɜɨɡɧɢɤɧɭɬɶ ɧɟɤɨɬɨɪɵɟ ɨɝɪɚɧɢɱɟɧɢɹ ɜ ɪɚɛɨɬɟ ɫ ɨɛɴɟɤɬɢɜɨɦ
ȾɅə ɄȺɆȿɊ ɌɂɉȺ3(17$;$)
Ⱦɚɧɧɵɣ ɨɛɴɟɤɬɢɜ ɛɭɞɟɬ ɪɚɛɨɬɚɬɶ ɤɚɤ ɨɛɴɟɤɬɢɜɵ ɮɢɪɦɵ3HQWD[ɫɟɪɢɢ)$-ɛɟɡ ɤɨɥɶɰɚ
ɭɩɪɚɜɥɟɧɢɹ ɞɢɚɮɪɚɝɦɨɣ ȼ ɡɚɜɢɫɢɦɨɫɬɢ ɨɬ ɢɫɩɨɥɶɡɭɟɦɨɣ ɦɨɞɟɥɢ ɤɚɦ ɟɪɵ ɦɨɝɭɬ
ɜɨɡɧɢɤɧɭɬɶ ɧɟɤɨɬɨɪɵɟ ɨɝɪɚɧɢɱɟɧɢɹ ɜ ɪɚɛɨɬɟ ɫ ɨɛɴɟɤɬɢɜɨɦ
ɄɊȿɉɅȿɇɂȿ Ʉ ɄȺɆȿɊȿ
Ʉɨɝɞɚ ɨɛɴɟɤɬɢɜ6LJPDɭɫɬɚɧɨɜɥɟɧ ɧɚ ɤɚɦɟɪɟ ɨɧ ɚɜɬɨɦɚɬɢɱɟɫɤɢ ɧɚɱɢɧɚɟɬ ɪɚɛɨɬɚɬɶ ɤɚɤ
ɨɛɵɱɧɵɣ ɪɨɞɧɨɣɲɬɚɬɧɵɣ ɨɛɴɟɤɬɢɜ
Ŧɇɚ ɩɨɜɟɪɯɧɨɫɬɢ ɛɚɣɨɧɟɬɚ ɧɚɯɨɞɹɬɫɹ ɦɟɯɚɧɢɡɦɵ ɢ ɷɥɟɤɬɪɢɱɟɫɤɢɟ ɤɨɧɬɚɤɬɵ ɉɪɨɫɢɦ
ɜɚɫ ɫɨɞɟɪɠɚɬɶ ɢɯ ɜ ɱɢɫɬɨɬɟ ɱɬɨɛɵ ɛɵɬɶ ɭɜɟɪɟɧɧɵɦɢ ɜ ɩɪɚɜɢɥɶɧɨɣ ɪɚɛɨɬɟ
ɨɛɴɟɤɬɢɜɚ ȼɨ ɢɡɛɟɠɚɧɢɟ ɩɨɜɪɟɠɞɟɧɢɣ ɦɟɯɚɧɢɡɦɨɜ ɢ ɤɨɧɬɚɤɬɨɜ ɩɪɨɜɟɪɹɣɬɟɱɬɨɜɵ
ɫɬɚɜɢɬɟ ɨɛɴɟɤɬɢɜ ɟɝɨ ɩɟɪɟɞɧɢɦ ɤɨɧɰɨɦ ɜɧɢɡ ɜɨ ɜɪɟɦɹ ɫɦɟɧɵ ɨɛɴɟɤɬɢɜɚ
ɍɋɌȺɇɈȼɄȺ ɊȿɀɂɆȺ ɈɌɊȺȻɈɌɄɂ ɗɄɋɉɈɁɂɐɂɂ
Ʉɨɝɞɚ ɨɛɴɟɤɬɢɜ6LJPDɭɫɬɚɧɨɜɥɟɧ ɧɚ ɤɚɦɟɪɟ ɨɧ ɚɜɬɨɦɚɬɢɱɟɫɤɢ ɧɚɱɢɧɚɟɬ ɪɚɛɨɬɚɬɶ ɤɚɤ
ɨɛɵɱɧɵɣ ɪɨɞɧɨɣɲɬɚɬɧɵɣ ɨɛɴɟɤɬɢɜɋɦ ɢɧɫɬɪɭɤɰɢɸ ɤ ɤɚɦɟɪɟ
ɎɈɄɍɋɂɊɈȼɄȺ
ȼ ɷɬɨɬ ɨɛɴɟɤɬɢɜ ɜɫɬɪɨɟɧ Ƚɢɩɟɪ Ɂɜɭɤɨɜɨɣ Ɇɨɬɨɪ+\SHU6RQLF 0RWRU+60ɗɬɨɬ ɦɨɬɨɪ
ɞɚɺɬ ɜɨɡɦɨɠɧɨɫɬɶ ɛɵɫɬɪɨɣ ɢ ɛɟɫɲɭɦɧɨɣ ɚɜɬɨɮɨɤɭɫɢɪɨɜɤɢ
䇶
6,*0$$) ɢ&$121 $)
䇷
ɑɬɨɛɵ ɪɚɛɨɬɚɬɶ ɜ ɪɟɠɢɦɟ ɚɜɬɨɮɨɤɭɫɢɪɨɜɤɢ ɭɫɬɚɧɨɜɢɬɟ ɩɟɪɟɤɥɸɱɚɬɟɥɶ ɪɟɠɢɦɨɜ
ɮɨɤɭɫɢɪɨɜɤɢ ɜ ɩɨɥɨɠɟɧɢɟ $)ɪɢɫ Ⱦɥɹ ɮɨɤɭɫɢɪɨɜɤɢ ɜ ɪɭɱɧɨɦ ɪɟɠɢɦɟ ±
ɩɟɪɟɞɜɢɧɶɬɟ ɩɟɪɟɤɥɸɱɚɬɟɥɶ ɪɟɠɢɦɨɜ ɮɨɤɭɫɢɪɨɜɤɢ ɜ ɩɨɥɨɠɟɧɢɟ Ɇ Ɍɟɩɟɪɶ ɜɵ
ɦɨɠɟɬɟ ɮɨɤɭɫɢɪɨɜɚɬɶɫɹ ɜɪɚɳɚɹ ɮɨɤɭɫɢɪɨɜɨɱɧɨɟ ɤɨɥɶɰɨ
䇶
1,.21$)3(17$;$)ɢ621<$)
䇷
ɑɬɨɛɵ ɪɚɛɨɬɚɬɶ ɜ ɪɟɠɢɦɟ ɚɜɬɨɮɨɤɭɫɢɪɨɜɤɢ ɭɫɬɚɧɨɜɢɬɟ ɩɟɪɟɤɥɸɱɚɬɟɥɶ ɪɟɠɢɦɨɜ
ɮɨɤɭɫɢɪɨɜɤɢ ɜ ɩɨɥɨɠɟɧɢɟ $) ɪɢɫ Ⱦɥɹ ɮɨɤɭɫɢɪɨɜɤɢ ɜ ɪɭɱɧɨɦ ɪɟɠɢɦɟ ±
ɩɟɪɟɞɜɢɧɶɬɟ ɩɟɪɟɤɥɸɱɚɬɟɥɶ ɪɟɠɢɦɨɜ ɮɨɤɭɫɢɪɨɜɤɢ ɜ ɩɨɥɨɠɟɧɢɟ Ɇ Ɍɟ ɩɟɪɶ ɜɵ
ɦɨɠɟɬɟ ɮɨɤɭɫɢɪɨɜɚɬɶɫɹ ɜɪɚɳɚɹ ɮɨɤɭɫɢɪɨɜɨɱɧɨɟ ɤɨɥɶɰɨ
ŦɁɚ ɛɨɥɟɟ ɩɨɥɧɨɣ ɢɧɮɨɪɦɚɰɢɟɣ ɨɛɪɚɬɢɬɟɫɶ ɤ ɢɧɫɬɪɭɤɰɢɢ ɤ ɜɚɲɟɣ ɤɚɦɟɪɟ
ŦɈɛɴɟɤɬɢɜɵ ɫ ɛɚɣɨɧɟɬɨɦ 1LNRQ 3HQWD[ ɢ 6RQ\ ɦɨɝɭɬ ɢɫɩɨɥɶɡɨɜɚɬɶɫɹ ɜ ɪɟɠɢɦɟ
ɚɜɬɨɮɨɤɭɫɢɪɨɜɤɢ ɬɨɥɶɤɨ ɫ ɤɚɦɟɪɚɦɢ ɩɨɞɞɟɪɠɢɜɚɸɳɢɦɢ ɭɥɶɬɪɚɡɜɭɤɨɜɵɟ ɦɨɬɨɪɵ
ɩɪɢɜɨɞɚ ɮɨɤɭɫɢɪɨɜɤɢɷɥɟɤɬɪɨɧɧɵɣ ɩɪɢɜɨɞ ɮɨɤɭɫɢɪɨɜɤɢ ɞɥɹ+60ȿɫɥɢ ɤɚɦɟɪɚ ɧɟ
ɩɨɞɞɟɪɠɢɜɚɟɬ ɷɥɟɤɬɪɨɧɧɵɣ ɩɪɢɜɨɞ ɮɨɤɭɫɢɪɨɜɤɢ ɚɜɬɨɦɚɬɢɱɟɫɤɚɹ ɧɚɜɨɞɤɚ ɧɚ
ɪɟɡɤɨɫɬɶ ɛɭɞɟɬ ɧɟɞɨɫɬɭɩɧɚ
Ŧɗɬɨɬ ɨɛɴɟɤɬɢɜ ɬɚɤɠɟ ɩɨɡɜɨɥɹɟɬ ɮɨɤɭɫɢɪɨɜɚɬɶɫɹ ɜɪɭɱɧɭɸ ɜ ɪɟɠɢɦɟ©$)ª Ⱦɥɹɷɬɨɝɨ
ɤɚɦɟɪɚ ɞɨɥɠɧɚ ɧɚɯɨɞɢɬɫɹ ɜ ɪɟɠɢɦɟ ɨɞɧɨɤɚɞɪɨɜɨɣ ɫɴɺɦɤɢ ɑɬɨɛɵ ɫɮɨɤɭɫɢɪɨɜɚɬɶɫɹ
ɜɪɭɱɧɭɸ ɧɚɞɨ ɞɨɠɞɚɬɶɫɹ ɩɨɤɚ ɡɚɤɨɧɱɢɬɶɫɹ ɩɪɨɰɟɫɫ ɚɜɬɨɮɨɤɭɫɢɪɨɜɤɢ ɜ ɦɨɦɟɧɬ
ɩɨɥɭ ɩɪɢɠɚɬɢɹ ɤɧɨɩɤɢ ɫɩɭɫɤɚ ɡɚɬɜɨɪɚ
Ŧȼɨ ɢɡɛɟɠɚɧɢɟ ɩɨɥɨɦɨɤ ɦɟɯɚɧɢɡɦɚ ɚɜɬɨɦɚɬɢɱɟɫɤɨɣ ɮɨɤɭɫɢɪɨɜɤɢ ɧɟ ɜɪɚɳɚɣɬɟ
ɤɨɥɶɰɨ ɮɨɤɭɫɢɪɨɜɤɢ ɩɪɢ ɪɚɛɨɬɟ ɜ ɪɟɠɢɦɟ ɚɜɬɨɦɚɬɢɱɟɫɤɨɣ ɮɨɤɭɫɢɪɨɜɤɢ
ɈȽɊȺɇɂɑɂɌȿɅɖ ȾɂɋɌȺɇɐɂɂ ɎɈɄɍɋɂɊɈȼɄɂ
Ɉɛɴɟɤɬɢɜ ɫɧɚɛɠɺɧ ɨɝɪɚɧɢɱɢɬɟɥɟɦ ɞɢɫɬɚɧɰɢɢ ɮɨɤɭɫɢɪɨɜɤɢ ɤɨɬɨɪɵɣ ɩɨɡɜɨɥɹɟɬ
ɥɢɦɢɬɢɪɨɜɚɬɶ ɞɢɚɩɚɡɨɧ ɮɨɤɭɫɢɪɨɜɤɢ ɜ ɚɜɬɨɮɨɤɭɫɧɨɦ ɪɟɠɢɦɟɪɢɫ
ȼɨɡɦɨɠɟɧ ɜɵɛɨɪ ɬɪɺɯ ɪɟɠɢɦɨɜ
ɉɨɥɧɵɣ )8//ɦa Đ
ɦa Đ
ɦaɦ
ɍȼȿɅɂɑȿɇɂȿ
Ɂɧɚɱɟɧɢɹ³ [[´ɧɚ ɲɤɚɥɟ ɪɚɫɫɬɨɹɧɢɣ ɨɡɧɚɱɚɸɬ ɦɚɫɲɬɚɛ ɫɴɟɦɤɢ ɢɥɢ ɤɨɷɮɮɢɰɢɟɧɬ
ɭɜɟɥɢɱɟɧɢɹ ɧɚ ɞɚɧɧɨɣ ɞɢɫɬɚɧɰɢɢ ɮɨɤɭɫɢɪɨɜɤɢ ɇɚɩɪɢɦɟɪ ɟɫɥɢ ɧɚ ɲɤɚɥɟ
ɭɫɬɚɧɨɜɥɟɧɨ ɡɧɚɱɟɧɢɟ  ɩɪɢ ɫɴɟɦɤɟ ɩɪɟɞɦɟɬɚ ɪɟ ɚɥɶɧɵɣ ɪɚɡɦɟɪ ɤɨɬɨɪɨɝɨ
ɫɨɫɬɚɜɥɹɟɬ ɫɦ ɧɚ ɫɜɟɬɨɱɭɜɫɬɜɢɬɟɥɶɧɨɣ ɦɚɬɪɢɰɟ ɢɥɢ ɩɥɟɧɤɟ ɛɭɞɟɬ ɫɮɨɪɦɢɪɨɜɚɧɨ
ɢɡɨɛɪɚɠɟɧɢɟ ɷɬɨɝɨ ɩɪɟɞɦɟɬɚ ɪɚɡɦɟɪɨɦɫɦɪɢɫ
ȼɈɁɆɈɀɇɈɋɌɂ ɈɉɌɂɑȿɋɄɈȽɈ ɋɌȺȻɂɅɂɁȺɌɈɊȺ26
Ɉɛɴɟɤɬɢɜ ɫɧɚɛɠɺɧ Ɉɩɬɢɱɟɫɤɢɦ ɋɬɚɛɢɥɢɡɚɬɨɪɨɦ26 ɞɥɹ ɷɮɮɟɤɬɢɜɧɨɝɨ ɭɫɬɪɚɧɟɧɢɹ
ɫɦɚɡɵɜɚɧɢɹ ɢɡɨɛɪɚɠɟɧɢɹ ɜɨɡɧɢɤɚɸɳɟɝɨ ɜɫɥɟɞɫɬɜɢɟ ɫɨɬɪɹɫɟɧɢɣ ɤɚɦɟɪɵ
Ȼɥɚɝɨɞɚɪɹ ɨɩɬɢɱɟɫɤɨɦɭ ɫɬɚɛɢɥɢɡɚɬɨɪɭ ɜɵ ɫɦɨɠɟɬɟ ɞɨɛɢɜɚɬɶɫɹ ɪɟɡɤɨɝɨ ɢɡɨɛɪɚɠɟɧɢɹ
ɩɪɢ ɫɴɺɦɤɟ ɫ ɜɵɞɟɪɠɤɚɦɢ ɧɚ  ɫɬɭɩɟɧɢ ɦɟɞɥɟɧɧɟɟ ɱɟɦ ɟɫɥɢ ɛɵ ɜɵ ɢɫɩɨɥɶɡɨɜɚɥɢ
ɨɛɴɟɤɬɢɜ ɛɟɡ ɮɭɧɤɰɢɢ ɫɬɚɛɢɥɢɡɚɰɢɢ
ɍɫɬɚɧɨɜɢɬɟ ɩɟɪɟɤɥɸɱɚɬɟɥɶ ɪɟɠɢɦɚ ɫɬɚɛɢɥɢɡɚɰɢɢ26ɜ ɩɨɥɨɠɟɧɢɟ0RGH ɪɢɫ
ɇɚɠɦɢɬɟ ɤɧɨɩɤɭ ɫɩɭɫɤɚ ɡɚɬɜɨɪɚ ɧɚɩɨɥɨɜɢɧɭ ɢ ɭɛɟɞɢɬɟɫɶ ɜ ɬɨɦ ɱɬɨ ɢɡɨɛɪɚɠɟɧɢɟ
ɫɬɚɛɢɥɢɡɢɪɨɜɚɥɨɫɶ ɡɚɬɟɦ ɧɚɠɦɢɬɟ ɤɧɨɩɤɭ ɫɩɭɫɤɚ ɡɚɬɜɨɪɚ Ɉɤɨɧɱɚɬɟɥɶɧɚɹ
ɫɬɚɛɢɥɢɡɚɰɢɹ ɢɡɨɛɪɚɠɟɧɢɹ ɡɚɧɢɦɚɟɬ ɩɪɢɛɥɢɡɢɬɟɥɶɧɨ  ɫɟɤɭɧɞɭ ɩɨɫɥɟ ɧɚɠɚɬɢɹ
ɤɧɨɩɤɢ ɫɩɭɫɤɚ ɡɚɬɜɨɪɚ ɧɚɩɨɥɨɜɢɧɭȼ ɪɟɠɢɦɟ ɫɬɚɛɢɥɢɡɚɰɢɢ0RGHɨɩɪɟɞɟɥɹɸɬɫɹ
ɢ ɤɨɦɩɟɧɫɢɪɭɸɬɫɹ ɜɟɪɬɢɤɚɥɶɧɵɟ ɫɨɬɪɹɫɟɧɢɹ ɤɚɦɟɪɵ ɗɬɨɬ ɪɟɠɢɦ ɷɮɮɟɤɬɢɜɟɧ ɞɥɹ
ɫɴɺɦɤɢ ɨɛɴɟɤɬɨɜ ɞɜɢɝɚɸɳɢɯɫɹ ɝɨɪɢɡɨɧɬɚɥɶɧɨɣ ɩɥɨɫɤɨɫɬɢ ɨɬɧɨɫɢɬɟɥɶɧɨ ɤɚɦɟɪɵ
ŦɄɨɦɩɟɧɫɚɰɢɹ ɫɞɜɢɝɨɜ ɤɚɦɟ ɪɵ ɨɩɬɢɱɟɫɤɢɦ ɫɬɚɛɢɥɢɡɚɬɨɪɨɦ ɷɮɮɟɤɬɢɜɧɚ ɩɪɢ ɫɴɺɦɤɟ
ɫ ɪɭɤ ȼ ɫɢɬɭɚɰɢɹɯ ɨɩɢɫɚɧɧɵɯ ɧɢɠɟ ɪɚɛɨɬɚ ɨɩɬɢɱɟɫɤɨɝɨ ɫɬɚɛɢɥɢɡɚɬɨɪɚ ɦɨɠɟɬ ɛɵɬɶ
ɧɟɭɞɨɜɥɟɬɜɨɪɢɬɟɥɶɧɨɣ
ƒ ɋɴɺɦɤɚ ɫ ɬɪɚɧɫɩɨɪɬɧɨɝɨ ɫɪɟɞɫɬɜɚɧɚɩɪɢɦɟɪ ɚɜɬɨɦɨɛɢɥɹ
ƒ ȼ ɫɥɭɱɚɟ ɡɧɚɱɢɬɟɥɶɧɵɯ ɫɨɬɪɹɫɟɧɢɣ ɢɥɢ ɫɞɜɢɝɨɜ ɤɚɦɟɪɵ
Ŧɇɟ ɢɫɩɨɥɶɡɭɣɬɟ ɨɩɬɢɱɟɫɤ ɭɸ ɫɬɚɛɢɥɢɡɚɰɢɸ ɜ ɫɥɟɞɭɸɳɢɯ ɫɥɭɱɚɹɯ
ƒ ȿɫɥɢ ɨɛɴɟɤɬɢɜ ɡɚɤɪɟɩɥɺɧ ɧɚ ɲɬɚɬɢɜɟ  ƒ ɉɪɢ ɞɥɢɧɧɵɯ ɜɵɞɟɪɤɚɯ
ŦɈɩɬɢɱɟɫɤɢɣ ɫɬɚɛɢɥɢɡɚɬɨɪ ɩɢɬɚɟɬɫɹ ɨɬ ɤɚɦɟɪɵ ɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɤɚɦɟɪɵ ɧɚ
ɤɨɬɨɪɭɸ ɭɫɬɚɧɨɜɥɟɧ ɨɛɴɟɤɬɢɜ ɫ ɜɤɥɸɱɺɧɧɵɦ ɨɩɬɢɱɟɫɤɢɦ ɫɬɚɛɢɥɢɡɚɬɨɪɨɦ ɜɪɟɦɹ
ɪɚɛɨɬɵ ɭɦɟɧɶɲɚɟɬɫɹ ɟɫɥɢ ɫɪɚɜɧɢɜɚɬɶ ɪɚɛɨɬɭ ɬɨɣ ɠɟ ɤɚɦɟɪɵ ɫ ɨɛɵɱɧɵɦ
ɨɛɴɟɤɬɢɜɨɦ ȿɫɥɢ ɧɟɬ ɧɟɨɛɯɨɞɢɦɨɫɬɢ ɢɫɩɨɥɶɡɨɜɚɬɶ ɨɩɬɢɱɟɫɤɢɣ ɫɬɚɛɢɥɢɡɚɬɨɪ
ɩɟɪɟɦɟɫɬɢɬɟ ɩɟɪɟɤɥɸɱɚɬɟɥɶ ɪɟɠɢɦɚ ɫɬɚɛɢɥɢɡɚɰɢɢ ɜ ɩɨɥɨɠɟɧɢɟ2))ȼɵɤ ɥɸɱɟɧ
ɱɬɨ ɩɨɡɜɨɥɢɬ ɢɡɛɟɠɚɬɶ ɢɡɥɢɲɧɟɝɨ ɪɚɫɯɨɞɚ ɷɧɟɪɝɢɢ ɛɚɬɚɪɟɣ
Ŧɉɪɢ ɭɫɬɚɧɨɜɤɟ ɢɥɢ ɫɧɹɬɢɢ ɨɛɴɟɤɬɢɜɚ ɫ ɤɚɦɟɪɵ ɭɛɟɞɢɬɟɫɶ ɱɬɨ ɩɟɪɟɤɥɸɱɚɬɟɥɶ
ɪɟɠɢɦɚ ɫɬɚɛɢɥɢɡɚɰɢɢ ɧɚɯɨɞɢɬɫɹ ɜ ɩɨɥɨɠɟɧɢɟ2)) 
Ŧȿɫɥɢ ɜɵ ɩɪɟɤɪɚɬɢɥɢ ɭɞɟɪɠɢɜɚɬɶ ɤɧɨɩɤɭ ɫɩɭɫɤɚ ɡ ɚɬɜɨɪɚ ɜ ɩɨɥɭɧɚɠɚɬɨɦ ɩɨɥɨɠɟɧɢɢ
ɨɩɬɢɱɟɫɤɢɣ ɫɬɚɛɢɥɢɡɚɬɨɪ ɩɪɨɞɨɥɠɚɟɬ ɫɜɨɸ ɪɚɛɨɬɭ ɞɨ ɬɟɯ ɩɨɪ ɩɨɤɚ ɞɢɫɩɥɟɣ
ɮɨɬɨɤɚɦɟɪɵ ɨɬɨɛɪɚɠɚɟɬ ɡɧɚɱɟɧɢ ɷɤɫɩɨɡɢɰɢɢ ȼɨ ɢɡɛɟɠɚɧɢɢ ɩɨɜɪɟɠɞɟɧɢɹ
ɨɛɴɟɤɬɢɜɚ ɧɟ ɢɡɜɥɟɤɚɣɬɟ ɛɚɬɚɪɟɣ ɢɡ ɤɚɦɟɪɵ ɢ ɧɟ ɫɧɢɦɚɣɬɟ ɫ ɧɟɺ ɨɛɴɟɤɬɢɜ ɟɫɥɢ
ɨɩɬɢɱɟɫɤɢɣ ɫɬɚɛɢɥɢɡɚɬɨɪ ɧɚɯɨɞɢɬɫɹ ɜ ɪɚɛɨɱɟɦ ɪɟɠɢɦɟ
Ŧɇɟ ɫɦɨɬɪɹ ɧɚ ɬɨ ɱɬɨ ɜ ɩɪɨɰɟɫɫɟ ɮɨɬɨɝɪɚɮɢɪɨɜɚɧɢɹ ɫ ɜɤɥɸɱɺɧɧɵɦ ɨɩɬɢɱɟɫɤɢɦ
ɫɬɚɛɢɥɢɡɚɬɨɪɨɦ ɢɡɨɛɪɚɠɟɧɢɟ ɦɨɠɟɬ ɛɵɬɶ ɧɟ ɫɬɚɛɢɥɢɡɢɪɨɜɚɧɧɵɦ ɫɪɚɡɭ ɩɨɫɥɟ
ɫɴɺɦɤɢ ɤɚɞɪɚ ɢɥɢ ɜɨ ɜɪɟɦɹ ɡɚɪɹɞɤɢ ɜɫɬɪɨɟɧɧɨɣ ɜ ɤɚɦɟɪɭ ɜɫɩɵɲɤɢ ɷɬɨ ɧɟ
ɫɤɚɡɵɜɚɟɬɫɹ ɧɚ ɩɨɥɭɱɟɦɵɯ ɮɨɬɨɝɪɚɮɢɹɯ
Ŧȿɫɥɢ ɩɢɬɚɧɢɟ ɤɚɦɟɪɵ ɛɵɥɨ ɜɵɤɥɸɱɟɧɨ ɢɥɢ ɨɛɟɤɬɢɜ ɛɵɥ ɫɧɹɬ ɫ ɤɚɦɟɪɵ ɜɨ ɜɪɟɦɹ
ɪɚɛɨɬɵ ɨɩɬɢɱɟɫɤɨɝɨ ɫɬɚɛɢɥɢɡɚɬɨɪɚ ɨɛɴɟɤɬɢɜ ɦɨɠɟɬ ɢɡɞɚɜɚɬɶ ɞɪɟɛɟɡɠɚɳɢɣ ɡɜɭɤ
ɗɬɨɬ ɡɜɭɤ ɧɟ ɹɜɥɹɟɬɫɹ ɫɢɝɧɚɥɨɦ ɧɟɢɫɩɪɚɜɧɨɫɬɢ
ŦȾɥɹ ɨɛɴɟɤɬɢɜɨɜ ɫ ɛɚɣɨɧɟɬɨɦ 6RQ\ ɢ 3HQWD[ɜɨɡɦɨɠɧɨɫɬɶ ɢɫɩɨɥɶɡɨɜɚɧɢɹ ɮɭɧɤɰɢɢ
ɫɬɚɛɢɥɢɡɚɰɢɢ26ɡɚɜɢɫɢɬ ɨɬ ɧɚɥɢɱɢɹ ɜ ɤɚɦɟɪɟ ɩɨɞɞɟɪɠɤɢ ɪɚɛɨɬɵ ɫ ɨɛɴɟɤɬɢɜɚɦɢ ɫɨ
ɜɫɬɪɨɟɧɧɵɦ ɭɥɶɬɪɚɡɜɭɤɨɜɵɦ ɩɪɢɜɨɞɨɦ ɮɨɤɭɫɢɪɨɜɤɢ ɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɮɭɧɤɰɢɢ
ɫɬɚɛɢɥɢɡɚɰɢɢ 26 ɜɵɤɥɸɱɢɬɟ ɮɭɧɤɰɢɸ ɫɬɚɛɢɥɢɡɚɰɢɢ ɜ ɮɨɬɨɤɚɦɟɪɟ ɢ ɭɫɬɚɧɨɜɢɬɟ
ɜɵɤɥɸɱɚɬɟɥɶ ɫɬɚɛɢɥɢɡɚɰɢɢ 26 ɧɚ ɨɛɴɟɤɬɢɜɟ ɜ ɩɨɥɨɠɟɧɢɟ 21 ɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ
ɮɭɧɤɰɢɢ ɫɬɚɛɢɥɢɡɚɰɢɢ ɜɫɬɪɨɟɧɧɨɣ ɜ ɮɨɬɨɤɚɦɟɪɭ ɭɫɬɚɧɨɜɢɬɟ ɜɵɤɥɸɱɚɬɟɥɶ ɫɬɚɛɢɥɢɡɚɰɢɢ
26
ɧɚ ɨɛɴɟɤɬɢɜɟ ɜ ɩɨɥɨɠɟɧɢɟ
2))
ɢ ɜɤɥɸɱɢɬɟ ɮɭɧɤɰɢɸ ɫɬɚɛɢɥɢɡɚɰɢɢ ɧɚ ɮɨɬɨɤɚɦɟɪɟ
Ŧɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɷɬɨɝɨ ɨɛɴɟɤɬɢɜɚ ɫ ɮɨɬɨɤɚɦɟɪɚɦɢ .21,&$ 0,12/7$ '<1$; 
0$;;80 ' '<1$;  0$;;80 ' RU 621< $ ɩɨɠɚɥɭɣɫɬɚ ɭɫɬɚɧɨɜɢɬɟ
ɩɟɪɟɤɥɸɱɚɬɟɥɶ ɫɬɚɛɢɥɢɡɚɬɨɪɚ ɢɡɨɛɪɚɠɟɧɢɹ26ɜ ɩɨɥɨɠɟɧɢɟ©ɜɵɤɥª 2))ɩɟɪɟɞ
ɬɟɦ ɤɚɤ ɜɵɤɥɸɱɢɬɶ ɤɚɦɟɪɭ Ɇɟɯɚɧɢɡɦ ɫɬɚɛɢɥɢɡɚɬɨɪɚ ɢɡɨɛɪɚɠɟɧɢɹ ɧɟ ɛɭɞɟɬ
ɡɚɮɢɤɫɢɪɨɜɚɧ ɜ ɩɪɚɜɢɥɶɧɨɦ ɩɨɥɨɠɟɧɢɢɢ ɟɫɥɢ ɤɚɦɟɪɚ ɛɭɞɟɬ ɜɵɤɥɸɱɟɧɚ ɩɪɟɠɞɟ
ɱɟɦ ɛɭɞɟɬ ɜɵɤɥɸɱɟɧ ɫɬɚɛɢɥɢɡɚɬɨɪ ɢɡɨɛɪɚɠɟɧɢɹ ɧɚ ɨɛɴɟɤɬɢɜɟ ɂɝɧɨɪɢɪɨɜɚɧɢɟɷɬɨɣ
ɢɧɮɨɪɦɚɰɢɢ ɦɨɠɟɬ ɩɨɜɥɟɱɶ ɩɨɜɪɟɠɞɟɧɢɟ ɨɛɴɟɤɬɢɜɚ
Ŧɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɨɛɴɟɤɬɢɜɨɜ ɜ ɛɚɣɨɧɟɬɧɵɯ ɦɨɞɢɮɢɤɚɰɢɹɯ 1LNRQ ɢ &DQRQɫ
ɩɥɟɧɨɱɧɵɦɢ ɤɚɦɟɪɚɦɢ ɷɬɢɯ ɫɢɫɬɟɦ ɮɭɧɤɰɢɹ ɨɩɬɢɱɟɫɤɨɣ ɫɬɚɛɢɥɢɡɚɰɢɢ 26 ɛɭɞɟɬ
ɧɟɞɨɫɬɭɩɧɚɡɚ ɢɫɤɥɸɱɟɧɢɟɦ ɦɨɞɟɥɟɣ)ɢ&DQRQ(269
ɉɅɈɓȺȾɄȺ ɉɈȾ ɒɌȺɌɂȼ
Ⱦɚɧɧɵɣ ɨɛɴɟɤɬɢɜ ɫɧɚɛɠɟɧ ɫɴɺɦɧɨɣ ɩɥɨɳɚɞɤɨɣ ɩɨɞ ɲɬɚɬɢɜ ɑɬɨɛɵ ɩɪɢɞɚɬɶ ɨɛɴɟɤɬɢɜɭ
ɢ ɤɚɦɟɪɟ ɩɪɚɜɢɥɶɧɨɟɭɞɨɛɧɨɟ ɞɥɹ ɫɴɺɦɤɢ ɩɨɥɨɠɟɧɢɟ ɧɚ ɲɬɚɬɢɜɟ ɫɥɟɞɭɟɬ ɨɫɥɚɛɢɬɶ
ɜɢɧɬ ɧɚ ɨɛɪɭɱɟ ɩɥɨɳɚɞɤɢ ɢ ɩɨɜɟɪɧɭɬɶ ɜ ɧɭɠɧɨɦ ɧɚɩɪɚɜɥɟɧɢɢɪɢɫ
ɑɬɨɛɵ ɫɧɹɬɶ ɨɛɪɭɱ ɫ ɩɥɨɳɚɞɤɨɣ ɫɥɟɞɭɟɬ ɨɫɥɚɛɢɬɶ ɜɢɧɬ ɞɨ ɤɨɧɰɚ ɢ ɢɡɜɥɟɱɶ ɟɝɨ ɢɡ
ɨɛɪɭɱɚɪɢɫ
ɎɈɌɈȽɊȺɎɂɊɈȼȺɇɂȿ ɋɈ ȼɋɉɕɒɄɈɃ
ȼɫɬɪɨɟɧɧɚɹ ɜɫɩɵɲɤɚ ɧɟ ɦɨɠɟɬ ɢɫɩɨɥɶɡɨɜɚɬɶɫɹ ɫ ɷɬɢɦ ɨɛɴɟɤɬɢɜɨɦ Ɋɟɡɭɥɶɬɚɬɨɦ
ɢɫɩɨɥɶɡɨɜɚɧɢɹ ɦɨɠɟɬ ɛɵɬɶ ɧɟɠɟɥɚɬɟɥɶɧɚɹ ɬɟɧɶ ɜ ɜɟɪɯɧɟɣ ɨɛɥɚɫɬɢ ɫɧɢɦɤɚ Ⱦɥɹ
ɞɨɫɬɢɠɟɧɢɹ ɥɭɱɲɢɯ ɪɟɡɭɥɶɬɚɬɨɜ ɩɨɠɚɥɭɣɫɬɚ ɢɫɩɨɥɶɡɭɣɬɟɜɧɟɲɧɸɸ ɜɫɩɵɲɤɭ
ɎɈɌɈȽɊȺɎɂɊɈȼȺɇɂȿ ɋ ɄɈɇȼȿɊɌȿɊȺɆɂ
ɗɬɨɬ ɨɛɴɟɤɬɢɜ ɦɨɠɟɬ ɢɫɩɨɥɶɡɨɜɚɬɶɫɹ ɫɨ ɫɥɟɞɭɸɳɢɦɢ ɬɟɥɟɤɨɧɜɟɪɬɟɪɚɦɢ
6LJPD $32 7HOH&RQYHUWHU  [ (; '* ɢɥɢ [ (; '*ȼ ɪɟɡɭɥɶɬɚɬɟ ɜɵ ɩɨɥɭɱɢɬɟ
ɫɥɟɞɭɸɳɢɟ ɤɨɦɛɢɧɚɰɢɢ ɨɛɴɟɤɬɢɜɨɜ$)PP)ɢPP)ɫɨɨɬɜɟɬɫɬɜɟɧɧɨ
Ŧɇɟ ɢɫɩɨɥɶɡɭɣɬɟ ɬɟɥɟɤɨɧɜɟɪɬɟɪɵ ɫɬɨɪɨɧɧɢɯ ɩɪɨɢɡɜɨɞɢɬɟɥɟɣ ɞɚɧɧɵɣ ɨɛɴɟɤɬɢɜ
ɫɨɜɦɟɫɬɢɦ ɬɨɥɶɤɨ ɫ ɨɪɢɝɢɧɚɥɶɧɵɦɢ ɬɟɥɟɤɨɧɜɟɪɬɟɪɚɦɢ6LJPD
ŦɆɵ ɪɟɤɨɦɟɧɞɭɟɦ ɢɫɩɨɥɶɡɨɜɚɬɶ '*$32 7HOH&RQ YHUWHUɫ ɰɢɮɪɨɜɵɦɢ ɡɟɪɤ ɚɥɶɧɵɦɢ
ɤɚɦɟɪɚɦɢ
ŦɌɟɥɟɤɨɧɜɟɪɬɟɪ ɫ ɛɚɣɨɧɟɬɨɦ3HQWD[ɧɟ ɫɨɜɦɟɫɬɢɦ ɫ ɞɚɧɧɨɣ ɥɢɧɡɨɣ
Ŧɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɬɟɥɟɤɨɧɜɟɪɬɟɪɚ $32 [ 7HOH&RQYHUWHU (; '* ɮɨɤɭɫɢɪɨɜɤɚ
ɜɨɡɦɨɠɧɚ ɬɨɥɶɤɨ ɜ ɪɭɱɧɨɦ ɪɟɠɢɦɟ
Ŧɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɬɟɥɟɤɨɧɜɟɪɬɟɪɚ $32 [ 7HOH &RQYHUWHU ɚɜɬɨɮɨɤɭɫɢɪɨɜɤɚ
ɜɨɡɦɨɠɧɚ ɬɨɥɶɤɨ ɧɚ ɞɢɫɬɚɧɰɢɹɯ ɫɴɟɦɤɢ ɨɬ ɛɟɫɤɨɧɟɱɧɨɫɬɢ ɞɨɦ ɇɚ ɞɢɫɬɚɧɰɢɹɯ
ɫɴɟɦɤɢ ɨɬɦ ɞɨɦ ɮɨɤɭɫɢɪɨɜɤɚ ɜɨɡɦɨɠɧɚ ɬɨɥɶɤɨ ɜ ɪɭɱɧɨɦ ɪɟɠɢɦɟ
Ŧɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɬɟɥɟɤɨɧɜɟɪɬɟɪɨɜ $32 7HOH &RQYHUWHUV ɛɥɨɤɢɪɨɜɤɚ ɮɨɤ ɭɫɚ
ɧɟɜɨɡɦɨɠɧɚ ɧɟɡɚɜɢɫɢɦɨ ɨɬ ɩɨɥɨɠɟɧɢɹ ɫɨɨɬɜɟɬɫɬɜɭɸɳɟɣ ɤɧɨɩɤɢ ȼ ɪɟɠɢɦɟ /LYH
9LHZɚɜɬɨɮɨɤɭɫɢɪɨɜɤɚ ɜɨɡɦɨɠɧɚ ɬɨɥɶɤɨ ɜ ɬɨɦ ɫɥɭɱɚɟ ɟɫɥɢ ɤ ɚɦɟɪɚ ɩɨɞɞɟɪɠɢɜɚɟɬ
ɚɜɬɨɮɨɤɭɫɢɪɨɜɤɭ ɩɨ ɦɟɬɨɞɭ ɤɨɧɬɪɚɫɬɧɨɣ ɞɟɬɟɤɰɢɢ
Ŧȼ ɫɥɭɱɚɟ ɢɫɩɨɥɶɡɨɜɚɧɢɹ ɬɟɥɟɤɨɧɜɟɪɬɟɪɚ ɫ ɛɚɣɨɧɟɬɨɦ 6RQ\ $) ɚɜɬɨɦɚɬɢɱɟɫɤɚɹ
ɮɨɤɭɫɢɪɨɜɤɚ ɜɨɡɦɨɠɧɚ ɟɫɥɢ ɫɟɪɢɣɧɵɣ ɧɨɦɟɪ ɬɟɥɟɤɨɧɜɟɪɬɟɪɚ ɛɨɥɶɲɟ ɱɟɦ
ȿɫɥɢ ɫɟɪɢɣɧɵɣ ɧɨɦɟɪ ɬɟɥɟɤɨɧɜɟɪɬɟɪɚ ɦɟɧɶɲɟɚɜɬɨɮɨɤɭɫ ɧɟ ɛɭɞɟɬ ɪɚɛɨɬɚɬɶ
Ŧȼ ɪɟɠɢɦɟ ɠɢɜɨɝɨ ɩɪɨɫɦɨɬɪɚ/LYH 9LHZɜɨɡɦɨɠɧɨ ɢɫɩɨɥɶɡɨɜɚɧɢɟ ɚɜɬɨɮɨɤɭɫɢɪɨɜɤɢ
ɟɫɥɢ ɤɚɦɟɪɚ ɧɚɯɨɞɢɬɫɹ ɜ ɪɟɠɢɦɟ ɚɜɬɨɮɨɤɭɫɢɪɨɜɤɢ ɩɨ ɦɟɬɨɞɭ ɤɨɧɬɪɚɫɬɧɨɣ ɞɟɬɟɤɰɢɢ
ȻɅȿɇȾȺ ɈȻɔȿɄɌɂȼȺ
ȼ ɤɨɦɩɥɟɤɬ ɩɨɫɬɚɜɤɢ ɨɛɴɟɤɬɢɜɚ ɜɯɨɞɢɬ ɫɴɟɦɧɚɹ ɛɥɟɧɞɚɫ ɛɚɣɨɧɟɬɧɵɦ ɬɢɩɨɦ ɤɪɟɩɥɟɧɢɹ
Ɉɧɚ ɷɮɮɟɤɬɢɜɧɨ ɩɪɟɞɭɩɪɟɠɞɚɟɬ ɛɥɢɤɢ ɢ ɩɟɪɟɨɬɪɚɠɟɧɢɹ ɨɬ ɤɨɬɨɪɵɯ ɦɨɝɭɬ ɫɬɪɚɞɚɬɶ
ɫɧɢɦɤɢ ɜɫɥɟɞɫɬɜɢɟ ɩɚɪɚɡɢɬɧɨɣ ɡɚɫɜɟɬɤɢ ɨɛɴɟɤɬɢɜɚ ɛɨɤɨɜɵɦɢ ɥɭɱɚɦɢ ɑɬɨɛɵ ɩɪɢɤɪɟɩɢɬɶ
ɛɥɟɧɞɭɭɫɬɚɧɨɜɢɬɟ ɟɟ ɧɚ ɨɛɴɟɤɬɢɜ ɢ ɞɨ ɭɩɨɪɚ ɩɨɜɟɪɧɢɬɟ ɩɪɨɬɢɜ ɱɚɫɨɜɨɣ ɫɬɪɟɥɤɢɪɢɫ
Ŧȼ ɤɨɦɩɥɟɤ ɬ ɩɨɫɬɚɜɤɢ ɨɛɴɟɤɬɢɜɚ ɜɯɨɞɢɬ ɚɞɚɩɬɟɪ ɛɥɟɧɞɵ ɞɥɹ ɢɫɩɨɥɶɡɨɜɚɧɢɹ ɫ
ɤɚɦɟɪɚɦɢ ɫ ɫɟɧɫɨɪɨɦ ɮɨɪɦɚɬɚ $36& Ⱥɞɚɩɬɟɪ ɭɫɬɚɧɚɜɥɢɜɚɟɬɫɹ ɦɟɠɞɭ ɤɨɪɩɭɫɨɦ
ɨɛɴɟɤɬɢɜɚ ɢ ɛɥɟɧɞɨɣ ɪɢɫ ɢ ɩɨɡɜɨɥɹɟɬ ɟɳɟ ɛɨɥɟɟ ɷɮɮɟɤɬɢɜɧɨ ɭɫɬɪɚɧɢɬɶ
ɩɚɪɚɡɢɬɧɭɸ ɡɚɫɜɟɬɤɭ ɩɪɢ ɪɚɛɨɬɟ ɫ ɧɟɩɨɥɧɨɤɚɞɪɨɜɵɦɢ ɤɚɦɟɪɚɦɢ
Ŧȼɨ ɢɡɛɟɠɚɧɢɟ ɜɢɧɶɟɬɢɪɨɜɚɧɢɹ ɧɟ ɫɥ ɟɞɭɟɬ ɢɫɩɨɥɶɡɨɜɚɬɶ ɚɞɚɩɬɟɪ ɫ ɩɥɟɧɨɱɧɵɦɢ
ɤɚɦɟɪɚɦɢ ɩɨɥɧɨɤɚɞɪɨɜɵɦɢ ɰɢɮɪɨɜɵɦɢ ɡɟɪɤɚɥɶɧɵɦɢ ɤɚɦɟɪɚɦɢ ɢɥɢ ɰɢɮɪɨɜɵɦɢ
ɤɚɦɟɪɚɦɢ ɫ ɫɟɧɫɨɪɨɦ ɮɨɪɦɚɬɚ$36+
Ŧɑɬɨɛɵ ɭɛɪɚɬɶ ɨɛɴɟɤɬɢɜ ɢ ɛɥɟɧɞɭ ɜ ɱɟɯɨɥ ɞɥɹ ɯɪɚɧɟɧɢɹ ɫɥɟɞɭɟɬ ɫɧɹɬɶ ɛɥɟɧɞɭ ɢ
ɭɫɬɚɧɨɜɢɬɶ ɟɟ ɧɚ ɨɛɴɟɤɬɢɜ ɜ ɩɟɪɟɜɟɪɧɭɬɨɦ ɩɨɥɨɠɟɧɢɢ ɪɢɫ  Ȼɥɟɧɞɭɚɬɚɤɠɟ
ɡɚɳɢɬɧɭɸ ɤɪɵɲɤɭ ɨɛɴɟɤɬɢɜɚ ɦɨɠɧɨ ɭɫɬɚɧɚɜɥɢɜɚɬɶ ɧɚ ɨɛɴɟɤɬɢɜ ɧɟ ɫɧɢɦɚɹ ɫ ɧɟɝɨ
ɚɞɚɩɬɟɪɚ ɛɥɟɧɞɵ ɞɥɹ ɤɚɦɟɪ ɫ ɫɟɧɫɨɪɨɦ$36&
ɎɂɅɖɌɊɕ
Ŧɉɪɢ ɫɴɺɦɤɟ ɦɨɠɧɨ ɢɫ ɩɨɥɶɡɨɜɚɬɶ ɬɨɥɶɤɨ ɨɞɢɧ ɮɢɥɶɬɪ ɂɫɩɨɥɶɡɨɜɚɧɢɟ ɞɜɭɯ ɢɥɢ
ɛɨɥɟɟ ɮɢɥɶɬɪɨɜ ɨɞɧɨɜɪɟɦɟɧɧɨ ɦɨɝɭɬ ɩɪɢɜɟɫɬɢ ɤ ɷɮɮɟɤɬɭ ɜɢɧɶɟɬɢɪɨɜɚɧɢɹ
Ŧɉɪɢ ɪɚɛɨɬɟ ɫ ɚɜɬɨɮɨɤɭɫɧɨɣ ɤɚɦɟɪɨɣ ɢɫɩɨɥɶɡɭɣɬɟ ɩɨɥɹɪɢɡɚɰɢɨɧɧɵɣ ɮɢɥɶɬɪ
ɰɢɪɤɭɥɹɪɧɨɝɨ ɬɢɩɚ
ŦɄɨɝɞɚ ɨɛɴɟɤɬɢɜ ɢɫɩɨɥɶɡɭɟɬɫɹ ɫ ɚɞɚɩɬɟɪɨɦ ɛɥɟɧɞɵ ɞɥɹ ɰɢɮɪɨɜɵɯ ɤɚɦɟɪ ɫ ɫɟɧɫɨɪɨɦ
$36& ɫɜɟɬɨɮɢɥɶɬɪɵ ɫɥɟɞɭɟɬ ɭɫɬɚɧɚɜɥɢɜɚɬɶ ɜ ɩɪɢɫɨɟɞɢɧɢɬɟɥɶɧɭɸ ɪɟɡɶɛɭ ɞɥɹ
ɫɜɟɬɨɮɢɥɶɬɪɨɜ ɧɚɧɟɫɟɧɧɭɸ ɧɚ ɤɨɪɩɭɫ ɨɛɴɟɤɬɢɜɚ ɉɪɢ ɭɫɬɚɧɨɜɤɟ ɫɜɟɬɨɮɢɥɶɬɪɚ
ɩɨɜɟɪɯ ɚɞɚɩɬɟɪɚ ɛɥɟɧɞɵ ɜɨɡɦɨɠɧɨ ɜɢɧɶɟɬɢɪɨɜɚɧɢɟ
ɗɄɋɉɈɄɈɊɊȿɄɐɂə
ȿɫɥɢ ɮɨɤɭɫɢɪɨɜɤɚ ɩɪɨɢɡɜɨɞɢɬɫɹ ɫ ɭɞɥɢɧɟɧɢɟɦ ɩɟɪɟɞɧɟɝɨ ɫɬɚɤɚɧɚ ɦɚɤɪɨɨɛɴɟɤɬɢɜɚ
ɡɧɚɱɟɧɢɟ ɞɢɚɮɪɚɝɦɵ ɢɡɦɟɧɹɟɬɫɹ ɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɡɟɪɤɚɥɶɧɨɣ ɤɚɦɟɪɨɣ ɫɨ
ɜɫɬɪɨɟɧɧɵɦ77/ ɡɚɦɟɪɨɦ ɤɚɦɟɪɚ ɚɜɬɨɦɚɬɢɱɟɫɤɢ ɛɭɞɟɬ ɤɨɦɩɟɧɫɢɪɨɜɚɬɶ ɷɤɫɩɨɡɢɰɢɸ
ɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɜɧɟɲɧɟɝɨ ɷɤɫɩɨɧɨɦɟɬɪɚ ɫɥɟɞɭɟɬ ɞɟɥɚɬɶ ɩɨɩɪɚɜɤɭɬɚɛ
ɍɏɈȾ ɂ ɏɊȺɇȿɇɂȿ
Ŧɇɟ ɩɨɞɜɟɪɝɚɣɬɟ ɨɛɴɟɤɬɢɜ ɪɟɡɤɢɦ ɜɫɬɪɹɫɤɚɦ ɪɟɡɤɨɦɭ ɩɟɪɟɩɚɞ ɭ ɬɟɦɩɟɪɚɬɭɪ ɢ
ɜɨɡɞɟɣɫɬɜɢɸ ɩɨɜɵɲɟɧɧɨɣ ɜɥɚɠɧɨɫɬɢ
Ŧ
Ⱦɥɹ ɫɬɚɰɢɨɧɚɪɧɨɝɨ ɯɪɚɧɟɧɢɹ ɢ ɫɩɨɥɶɡɭɣɬɟ ɩɪɨɯɥɚɞɧɨɟ ɫɭɯɨɟ ɦɟɫɬɨ ɩɪɟɞɩɨɱɬɢɬɟɥɶɧɨ
ɫ ɯɨɪɨɲɟɣ ɜɟɧɬɢɥɹɰɢɟɣ ȼɨ ɢɡɛɟɠɚɧɢɟ ɩɨɜɪɟɠɞɟɧɢɹ ɩɪɨɫɜɟɬɥɟɧɢɹ ɥɢɧɡ ɨɛɴɟɤɬɢɜɚ
ɯɪɚɧɢɬɟ ɟɝɨ ɜɞɚɥɢ ɨɬ ɧɚɮɬɚɥɢɧɚ ɢ ɞ ɪ ɚɧɬɢɦɨɥɟɣ
Ŧɇɟ ɢɫɩɨɥɶɡɭɣɬɟ ɪɚɫɬɜɨɪɢɬɟɥɶ ɛɟɧɡɢɧ ɢ ɞɪɭɝɢɟ ɨɪɝɚɧɢɱɟɫɤɢɟ ɱɢɫɬɹɳɢɟ ɜɟɳɟɫɬɜɚ
ɱɬɨɛɵ ɨɱɢɫɬɢɬɶ ɥɢɧɡɨɜɵɟ ɷɥɟɦɟɧɬɵ ɂɫɩɨɥɶɡɭɣɬɟ ɦɹɝɤɭɸ ɜɥɚɠɧɭɸ ɬɤɚɧɶ ɞɥɹ ɨɩɬɢɤɢ
ŦɈɛɴɟɤɬɢɜ ɧɟ ɜɨɞɨɧɟɩɪɨɧɢɰɚɟɦ ɉɪɢ ɢɫɩɨɥɶɡɨɜɚɧɢɢ ɨɛɴɟɤɬɢɜɚ ɜɛɥɢɡɢ ɜɨɞɵ ɢɥɢɜɨ
ɜɪɟɦɹ ɞɨɠɞɹ ɡɚɳɢɬɢɬɟ ɟɝɨ ɨɬ ɧɚɦɨɤɚɧɢɹ Ɉɛɵɱɧɨ ɩɨɜɪɟɠɞɟɧɢɹ ɫɜɹɡɚɧɧɵɟ ɫ
ɩɪɨɧɢɤɧɨɜɟɧɢɟɦ ɜɨɞɵ ɜ ɦɟɯɚɧɢɡɦɵ ɦɟɠɞɭ ɥɢɧɡ ɨɛɴɟɤɬɢɜɚ ɢ ɨɤɢɫɥɟɧɢɹ ɪɟɦɨɧɬɭɧɟ
ɩɨɞɥɟɠɚɬ
ŦɊɟɡɤɢɟ ɩɟɪɟɩɚɞɵ ɬɟɦɩɟɪɚɬɭɪ ɦɨɝɭɬ ɜɵɡɜɚɬɶ ɨɛɪɚɡɨɜɚɧɢɟ ɬɭɦɚɧɧɨɣ ɩɟɥɟɧɵ ɧɚ
ɩɟɪɟɞɧɟɣ ɥɢɧɡɟ ɨɛɴɟɤɬɢɜɚ ɉɨɷɬɨɦɭ ɜɯɨɞɹ ɜ ɬɺɩɥɨɟ ɩɨɦɟɳɟɧɢɟ ɫ ɯɨɥɨɞɧɨɣ ɭɥɢɰɵ
ɫɪɚɡɭ ɧɟ ɞɨɫɬɚɜɚɣɬɟ ɨɛɴɟɤɬɢɜ ɢɡ ɱɟɯɥɚ ɩɨɤɚ ɨɧ ɧɟ ɞɨɫɬɢɝɧɟɬ ɬɟɦɩɟɪɚɬɭɪɵɩɨɦɟɳɟɧɢɹ
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