You are on page 1of 122

‫ﲝــﺚ ﻓــﻰ‬

:‫ﻣﻘـﺪﻡ ﻟــ‬

:‫ﺗﻨﻈﻤـﻪ‬

‫ﺑﺎﻟﺘﻌﺎﻭﻥ ﻣﻊ‬

‫ﺇﻋــــﺪﺍﺩ‬


sayedhamid55@yahoo.com
sayedhamid55@gamil.com
sayedhamid@hotmail.com
‫  ‬

‫ א 
א  א א  ‪ K‬א ! !  ‬
‫‬
‫ ‬

‫ 
      
–  
     

‫‪/  0! !" #$ % &'( )* +( ,-.‬‬
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬

‫ﱠ‬ ‫ﱠ‬
 

ُ ‫ﱢ‬
‫ﺑﺴﻢ ﺍﷲ ﻭﺍﳊﻤﺪ ﷲ ﻭﺻﻠﻰ ﺍﷲ ﻭﺳﻠﻢ ﻋﻠﻰ ﺳﻴﺪﻧﺎ ﺭﺳﻮﻝ ﺍﷲ ﻭﻋﻠﻰ ﺁﻟﻪ ﻭﺻﺤﺒﻪ ﻭﻣﻦ ﻭﺍﻻﻩ‬

‫َُ ﱢ‬
:‫ﻣﻘﺪﻣﺔ‬

$%&' "##   ! 

      
      
  

& $%&' 4 7#( 4 # 56 3 2# 


) 1
/ 
) 1
/
0*.
 ",-# *+ () " () " (
.  (
0#

< ;/ # 5#! 9
4 :#( 4 8#( 
@) &6  )  F

0 E! DC-A( B#( @2  @-? 
 ">( (%'
.%4  #( 9
! 5J
0"8I" 
0 H( G
 . 5#! -( ( E
4
! # 

 -M : N% 56 5I M


) K
0 C-A( "
( L
/ K4 * #( 
R
& J  F+# Q@2 ( $%' # F
- -P F.B  D ( @O! 0#%I 
B&# @ C-J @   S-B#
0   
 @ C-J @ 
:#.( F
- -P

&6 F1&  . @ C-A( B#( @ F"6 #(  
( T#-( 56
 ( -&( – I(
'X 
(  @ C-J B# @   7 # UVWV

&'X  UV\] 
&6 & (Z
()B# @ ( @ C-A( @(
0## *+
^ &8 (
'X 

   !#( @ ( F(
M( @   
J  
X(
@&( – G
D(
'X @ C-A( 
#( @ +  @ -( @( @(

&6 & Z&% 
& C-A( 
( ( @68 ,## @ -( @(

6 
`
 ^M M(
'X @ `
( @ C-A( 
#( @ UV\_
- 3#( N O-( B#( F :
' # R
 J # 
( S   UV\a
#&( C I(
'X (( -() B# @( @ S # $X
.
(  F
( @X R
 J Z% 5# + @( @ @68 
##
@&8(( L 0 @. c
#!#  `(  @ 1
@ 8# 3  
!( @
&# e &<M (%& )
 &. @8#
 ,  e d B 
 2 ( #(
@&
( @C&-A( @&10( d#::I N%( ^ 0( ( 5X#( (%' F
#!


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 


>( 

gX( Z# ' ^ C-A(  
#( B#( 
  #(
:#.f
h&! '
&   8#( #(  X#( X#(  L#
 ## #(
.@6
:( $%0 D#0( 9
4 
 &' C&-A( B#( F
 I 
. @8#
0#` #( >(  
&#( @ 
+#&-M( '`(! #
 C-A( B#( @6
:  +#-(
d&# @ 
:#.( B 
0: C-A( B#( B  5J 2 

0J #
.@ 
:#.M( Fi ( 1
-
@& 
#( B&#( F
& & 
( S  @8
! d  <7( 56
 , @
( B#( 
-. F# (%J 
 ( @(  #    @ C-A(

&( `&( & 
#
 j
:
0  +#-( ;(  9
8
08!
5&#! @
:#.M( B  @- 
 
( S  8  M d
J .
) . @
Z% 0(  F
(`#M( R
6>( 7!# 56 ()
. j: 
(
'` TX
@& # F(  9&#
 F
&+
+  &:  Q( F

0 ## e
Z&% 3 & .( 
- @`
( F
:( 
'< 
 F
: :I
eJ 
) &X!M #B# B#( 
-. > Z% 
 S    
 ()# "9#
& @&( k
8 56
) .#
':.
0  # @
 #M X F#
. X B#( 
-. 56
#6M(
@-& -P R
& J  @ 8 C
) !#- ()m 7  l )
X  :#" M .
.. :&"M
4 (%0 
 S    C-A(  
#( n0 (  # @  B#
& (%' F

0 
( S    @ X# M d B -#(  M (%0
. @-( ( $%'  d#+B-
 
# H(
N&K ,&(  `
&!
&8J  " C 
( S  6 E !( 


o 5 d

) 2# @ I( $%0
)  X# ( ( (%' c 5J d! +#-(
.N
p  R (%'  !(
"&## ' :
0  g( (%' ! @1->(   ( 
'%>( 5J 
# %J
'  qj!:( ' S(  .
( S  @) %
8 @) 6
: C-M( B#( @6
:


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

@&(` &
0J 2
 (%J +#-( 2 @08 
0#

8J  +
0#
-
;D:&( '
&  q S&( 
&06 @&?##( F
(`#M( N
+#-M( 1
(
,& 8- # #(  
0X @ C-A( B#( @ S-P# e  #( @ C-A(
.
0X# , @C-A( @( 
!
 - L 0 FMP
-#( $%' 56 R g( X @-(D ( $%'  R`8( (%' 
 C-A( B#( F

0
) X X# #( 
) 6 @X( c%
 ( X#
 @.C( jg# , C-A( B#( F
 I
0
) X B #   #( Z#
.B#( 1
+ @! ' 0  P( 0->( @! ' -D-P(
&(( &&'UrVV &
0#B& %  C-A( B#( @6
: 
X ",
#(
@+C+
06 5g s(
0 8 Q _]]\ (( &'Ua_V 
6 #! UVWV
S( (  6` 5J F @2 ( $%0 @( F
X#(  2!
  X6
^:&
0#-#  C-A( 
( 
.@  ( 7-( @8#( ^
. @  -( @8#( ^
.@ `
( @8#( ^
.@  -( @ ( @( ( 6 nI(  :# @ 8I( @8#( ^
.@  >( @8#( ^
.@ 
#-
( @8#( ^
.@ X 9 8( @8#( ^
.@ :( @8#( ^
F
 &I 5& @&X( ;:( ' 5C-A( B#( 9
8# d#`
 '  J
B&#( 
&I &0#( J R(8  '
-( 56 , 
 
 5C-A( B#(
.B#( 
-. 
+#-( ( J
:5&' @C-A( B#( F
 5 s(
0X# T8 5#( @C-A( ;:(

.L.( @K: @
( @K: 
8A( @K: @
g( @K:


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

& 5!& F0#&-( . X#( , %( ;:( d 


# E!( (%'
R
&6J d  F ' C0#-A((%' @6( @!
(  @K: :#I( L#
 @K:
F &< 5C-A( B#( F
 I B 5 6( @!
(  ;:
 @(  () `
C-A(  ' M (    # M  5 @X 5
# d
!- H( g s(
MJ&Is( &#0( 5J @
gfK 5C-A( B#( X! 5 
( 
(  5 

@
gA
 (%'  @6( @!
(  5C-A( B#( 5 @ I#-( ;:( :B 0 6
-& (
 R(- @C-A(  ( 5 5#! F
 I( $%0 #0( 
) g 8 5J
;:&
 &#
@C&-A( @&( '
 6 56 (  M . - < 
@6
&A () :&. @6( @!
(  ;:
 L# 5
gA 5  ,.#( (%' .%(

& R(- 
 
:#J d - 5X#( (%' B F . X Z%  .@( 6
F
&6 &#  &g &8 
:#A( (%'     t
I ,
u& &#0( 
0J B8   
 @X6 @
X+ j## @10( $%' F( 
.#(
:#.A(

) 1 5!#( n0 ( Z% 5


)  I#-
0#
X# F! ;:
 L#(  +
.F
-( F

8A( E!  X#( , 
 #-A( R(X#-A( 


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

:5
 0 E!( '

.E!( @I 56 T#!# 5#( @& X( /U
T 0# ' : >( :( /_
B#( 5
0#
X# X# @&
:g( @K: : 5
+( :( /r
.5&C-A(

&8A( @K: : E
+( :( /a
@
( @&K: : ,(( :( /w
@&
( 
&8A( 5#K: F
X# X# :S
I( :( /x
8M( g :#
0! R
0XX( R( G(#-(
&
&0X#
&0#
X# L.( @K: :S
-( :( /W
.F
-( F

8A( E&!
.F
&:#( F
8
# #-A(
0# g . :@&#
I( /\

 (%0 5 ( ' T%( 5


# d
!- H( ! 5 u E!( (%'  . %J 5 J
& Z(% F: J 5
# d
!- $ !  8 `6 5( 5 ( '  M
)  #0 F 
.8( 
(  5  Z(% FBI J dJ 9#  $K#-  $P
- F- X# dg

.‫ﻭﺍﳊﻤﺪ ﷲ ﺭﺏ ﺍﻟﻌﺎﻣﻠﲔ‬


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
‫  ‬

‫ א 
א  א א  ‪ K‬א ! !  ‬
‫‬
‫ ‬

‫ﱢ‬ ‫ﱠ‬
‫ﻭﻓﻴﻤﺎ ﻳﻠﻲ ﻧﺴﺘﻌﺮﺽ ﻫﺬﻩ ﺍﻟﺘﺠﺎﺭﺏ ﻋﱪ ﺷـﺮﺡ ﺍﻟـﺼﻴﻎ ﺍﻟﺘـﻲ ﺗﻄﺒﻘﻬـﺎ ﻓﻴﻤـﺎ ﻳﺘﻌﻠـﻖ‬
‫ﱟ‬ ‫ﱟ‬
‫ﺑﺈﺩﺍﺭﺓ ﳐﺎﻃﺮ ﺍﻗﺴﺎﻁ ﺍﻟﺘﺄﻣﱭ ﺍﻟﺘﻌﺎﻭﻧﻲ‪ ،‬ﻭﺇﺩﺍﺭﺓ ﺇﺳﺘﺜﻤﺎﺭ ﺃﻗﺴﺎﻁ ﺍﻟﺘﺄﻣﱭ ﺍﻟﺘﻌﺎﻭﻧﻲ‪.‬‬

‫ُ ﱠ ُ‬
‫‪ .١‬ﺍﻟﻔﺼﻞ ﺍﻷﻭﻝ‬
‫‪
 

    
   .‬‬
‫  ( ‪S & @'  @8
! Z
' ' :' Ng (P- (%'
+!  e‬‬
‫(
  
‪e M) 
`  (P7-( (%' 56 @
8f . q @ C-A( @  
#( B#( F‬‬
‫ ‪&' ,&.(( & !(( $%' . @ C-A( @  
#( B#( @ 
. !(  :#‬‬
‫((! (‪&!( EC&+ 6 "cI#M
0 E!
( T  @ DN 
. 56  # #‬‬
‫' ‪^:‬‬
‫‪8-#( @! ^U‬‬
‫_^ !@ (‪.S-B#‬‬
‫‪.
 ( @.C ( S-B#( 
 @! ^r‬‬

‫‪F(R(&8f G &# @ C&-A( @ 


#( B#( @ 
X
7:# Rg 56‬‬
‫(@ ‪
X&-
&  @
#( F
-X#(  %( !((  @! ? 
A‬‬
‫!@ (‪&#( 
>( ,8# F
-( 
 ## 5#( 8-#( .
 @! ' @1( #‬‬
‫‪@&! 5&J
&0  &X#/ " @8
081
# F
 eu Q @
:#.M( T 8( @-(  0# #‬‬
‫(‪@&
 L
#
0 F- (!>( ?   g( Zy#" @
- F
 eJ 8-#‬‬
‫‪
&. @&
! & Z%  <
  
0 
( S  8 g M d
 %*#‬‬
‫(@ ‪F
:& &g
&0 &#
 @ 
:#.M( T 8( @-( @# c( J 7#‬‬
‫(‪^:#( 6 ,#- N%( -
!( 
2? ( 
'P
gJ # #( S-B#‬‬

‫ 
      
–  
     

‫‪/  0! !" #$ % &'( )* +( ,-.‬‬
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

:
 ( ,,)

) 
< #( @ 1' :   e M C-A(  
#( B#( F
 I 
. J
` d u @10( 5- 

)   .@8   :   @--P
)
!  @ L#

.
0
&
&0 S
&# #( @ ( @-(  !( @ 
X( F(R(8A( 
08-#

&& @&
K( 7:( '
0 > @( %IB  ^ @ 8-# @6 J 
!( @
@&( %&I## #( @ (  C-A( B#( @6
: @2 ( F
-( T  ^
-
 &8  QB&#( 5&6 @&
. ( @&1' B#( F
 8-  +##
0 ()X
F
#(   
 R
A(
0  "9" @( 8-#  9<# #( @08(  t
I>(
^: 

0'  #(
8-#( 9 .U
.S-B#( X6 -
->( 
2? ( ._
.@ 
:#.M( T 8( @-( .r
$ &!# N%( ;( 6 X
 K  N%( d k :( 
( S   !# .a
.@ 
 B#( @6
: @2 ( F
-(
.
)  X  ( 
( S   !# .w
. !(( 0 -( @. 
( S( 0- 6  !# .x
.0->(  0::! jg# -D-P( R
- :! .W
@6
: 2 # 
X
) X @ F
 J  91(g(  L I 
0 .\
.@  ( @ 
 B#(
&2 # 
&X
) X @ F
 eJ  
`( (  L I 
0 .V
.@  ( @ 
 B#( @6
:
.
0 ( 6 @( X  !# .U]
S&1 
&(  &(  ( A( S&8 R
g6  S1 R
-  !# .UU
.@ 6( @
. ( @1' R
g6 
. 8-#( @! F(R(8J 5## #( @08(   
X( 
#-( 9
# .U_


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

.B#( @6
: @?2 ( F
7-( d# Io R(8J  #- ON .Ur
@&`M ^ 
& 6 
6
0 ^ $C6 %( R
>( 8  jg# (%' 
 
&#( B&#( 
& @&(` tI&#( j  8-#(   2 ( #

8-&# @&6 u& Q
&'% L&- #( F

( 9
<  d   (%' .C-A(
.
0
 (`#  @( u 
#
 #  @(
5 @( 8-#
) `M
) g () 
( S   
( 8 ,g( (%' %J

&( S  J l&  
& ( &
 
#
 8-#
 j-M d R
A(  6 @
!
8-#( @! F
# R
#-M  '  j7( S  '
)  X  ( d k:(
.
( S   >( !( 8 ##
 
6 F
-(  %J


 (  . .)
@&X( 5&6 :&!( k
&8  8-#( @! @( 8-# 9 `
#8( @
! 
:&' Q @&!( $%&0 @
#( @!( u C-A( B#( @6
: @2 ( F
-(
5& +#( (M( @( 56   N%( 
 ( @(  @! -# #( S-B#( @!
.
+#-M( 1(6 B#( 
-.
M @8 @
 F
(`#( 9## $%' S-B#( @! B Q X( 
( 6 
p <

:&# (%J .
&0 R
&A(  & 9( 
 ( @(` 
8M 
#
 
'`
8#
  ( #
0 T E!
( u @C-A(  
#( B#( @ @
( F
(`#M(
^:-. 5J -X  $
( '

) X
0' # #(  (

0 & #( F


:( F
(`#M(  ' :   (  . ., )
F
:& 5-#
 ' Q 
#( / B#( @2!  C
) X#-
' ( #-( 
( S 
: @
#(  ( #  Q
)  - 
'P
(
' ( #-( # #( S-B#(
. 8-# @`
( F
X ( 9
#>( -( .U

1
.  

          


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬
 

. 
( F
: 9#
( F
: @( A( @ ( F
:( ,8 ._
.@( 
 @(   F
+
+>( :>( Z% 
 S-B#( F
: .r
. @( 
 @(   F(
8A( .a
: + @- ( < F
.
#C
-M B#( 
6J 
-. .w
.EXCESS OF LOSS TREATY  1(`( 
-I( @.
#( ^
. STOP LOSS TREATY 
-I( L. @.
#( ^9

6J 
-. ? , 98 d6 R
 B#( N  , 
#M : ON ^c
.
)  X
0g  B#(
#(  ( :!#(  6 @
!  @ - ,  6 B#( 
6J 
-. .x
.( 0  P( )
&- ( Z%& (@&K ( &- ) B#( 
-. 56 !#-( g( - ( .W
@&
!  Q
)  
 eJ B#( 56 @
.( @1'  B#( 9.( !#-(
&
#(  B#( 
-.> ?I
#( ( -(  n( ( -(  ( ( -(  6
&. &-( $%'
06 FX!#-( #( B#( 
-. F- ;
 
0 7#

' ( &- %# (%J @( 


 @(  
) .  TI B# 
-.  #
.
( S   ", *# TI>( 
-.>( 

! "#  $  %& $ '(   )(  * +, , (    , (   1
. %& $ ! &  '-/ / $,"
"/  0 &# , $,"
34  $#5 $,"    $4 '& 6 $# 7 3 ( 1  ) 3 ( 1  2#  2
8" $#  9 $# $8 , #  3    :  # 4 $-   
6+ *
  $ ;( 
    # ; 3   ;4 ;1 $" + '#
$ &#1  $" ; ..,
  $# + ;
  $  $# + <"
,    - '   (  = 2#  .3    : 

 , Layer
.6  $ #
    & $4 "    3 ,"     3 ," # & $# 7 $(  ; 3
= 2#  . + %BC@     &1 " %?@ > + # 4    34  
.D6  $ # ,   - '   ( 


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 


. @( 
6 6 C6A( n#( -#( F
: .\
. @( 
 @(   B#( N   -
 @ :
I( F
:( .V
. N(#M( 
#-( 9
# .U]
. '<  
.    (
 R(- 
#-( 9
# .UU
. @ 6( @
. ( @1' R
g6 F(R
X  -( F
6
#8M( F
X .U_
@&( &6  5>( #(  g( Fg#.( (%J 9 #( F
: .Ur
. 'B#( L 0  (( G E
#M
. # n( ( -( @
! 
 -M F

( .Ua
. 
 ( @(   ( d# Io (`#( ON .Uw

&0 !## -X( (%0 @:


I( F
(`#M( 2 :   ( . ., )
: 
 ():!M M)
+
0  % F
(`#( 6 
6 '
0XX!# @
!   
-.
&0!# @&
!  
( S  
+#-( k
 1
6  X( / 1
+( @! @ :! .U
&2 T & 1
-( ,g( '  . @
g( - 56 Z% 
+#-M( F
:
. ()  !# ( -(  
(  @
( B#( F

5& %
 @-( @
!( ' 0->( @! @-( 
+#-M( F
: !# ._
@! 
 
+#-( k
 1
6  @- 0->( @! !#- Z% 
X $C6 (U)
B#( S(  F
X# 
) 6 +>( ' @
!( $%' Q B#( X6 1
+(
. C-A(
. 
+#-M( 1
6 56 @g( @g( .r
. B#( G1
( 56 @8(( 
 `( .a
. F
+  F.P Io (`#( ON .w

/1 3 & 
1  " 6 =&  5  $ " 3& )   1
. $," ! -  6 $," 3  E ) )


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

S&-B#( @!  @C-A( @  


#( B#( @
008(# #( F
(`#M( $%'
5&#! S&-B#( @&! `
8# ()  M
  
( S( '
02 R
A( R
6
&
 S&-B#( &
 @! ' @
#( @!(  
3 ( (  j:
. B#( 
 (

 !" 
 ( . . )
@&! `
8#  @( ? N%( @( `( 8! ' 
( S   8  X#

5&I##  & @( F # (%u  8-#
 @X(( 56 :!( k
8  8-#(
@&! &' @+
+( @!
0'B# d6 9## >( Z% u Qk
8  S-B#( @!
. B#( 
 ( @(` @! ' S-B#( 

u C-A(  
#( B#( 
2 @-
 @:
I( RN

) X d
 
@-
 6 @1
 ( @
( F
(`#M( ,8  !## – B#( @2! N – B#( 
-.
&#( @K:( F

0 F
08( @
 @X!#-( C-A(  
#( B#( 
  @(
@&! 0&->( @!  @.C( D !# #( @K:( Z%  6  @(
0
) X #
@&!
#( @6&( ;:( ( I#-
  @ 
( @ (  !# 
#
 B#( X6
G# - 
8A( @
g( @K: @
( @
g( @K:  @
g( @K: :'
@XX!( $%' Rg 56 .@-(D ( $%'  Io ,g  X#( :#
 ;:( $%0
.q
( S  @' '
 B- 

^: 
 @ D X @!( $%'  
( S  J
.
0.
  # #( @ (  @  
X( (#-M( .U
%&# 
 `8 @( @08( @
!  
( -( # NX( 1( ._
 B&#( 
&6J : &' 
:( $%' C
) 
 TI>( 
:(  $#
@&
!  TI>( B#( 
:  G(#.M(  F
::I( F

#!M(
e @
! 
  . B#( 
:  d   : :! . `8(  
 # (% () X# + - ,g( u Q B#( @2!  `8( 
.
( S  5J R8(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

&2 # @&
. 56 L# #( F
-( X# @
( F
-
( G  .r
B&#( 9
&##( 
-. @8 T:X(  !(  !# Z% B#( F
 I
.
( S  ( X F
6
g  
( S  ( X
&! N%&( `&8( @&
X 
( S  F
-( `*# @ 
X( @!
(  .a
.B#( @2!
@ 8-# # N%( F
( 
X
X 
 
6 d Z%  7'>( .w
& @&( (#-M
)  S 
( S   d
X @C-M( B#(
DNB& R
&(
) & 
. d  9 
( S    Q 9-! @ 
X( @!
(
.B#( @2!  $# 6 F`86 @( 56 (`#(
S&-B#( 
 @! N ^ @!( $%'  5#! 
( S  J X(
 %J
 
#( B#( @ k
8  (#-(  0  d 
)   ^ 
 ( @(`
& 
&( S   u& B#( 
-. 56 @( F #6( (%J 5#!  Q @C-A(
.@
 d 6 R
K#-M( M () 8
 
&#( B&#( F
 &I 
&X () 8 Ng 
( S  J X( @:! %J

&0#  &#( F

#!M( @ 
(
0# . @( 6 

0
'(#-( C-A(
& &0  P&( @-(  0->( @! @-(
) 6  
( S  
 R(-
Q L:&*# &
& C-A(  
#( B#( @ 
`C 
-1 ( Z%  9-(
^:
' (>( (%'
9&# @  @
#( @
.( @(A( F
-( u @ 
X( @!
 (  : $
# %
.0  z @:! d#! $( X 
( S  8

& ( R  `C( 
(  :( + 
( S  u @
( @!
(  : # 
B#( @ 
 @( #-M 
( 
>( 
: + d
   B#(
.C-A(  
#(
B#( X!  
+#-M(  
( S  `
!( 
:. 6
R
-# (%J


+#&-M( (%&' R(8 d#  2
 6 
( S  :! Z% :X
 u C-A(
&# &#( B&#( @2!  d- 
( S  
&+#-( 6 () &1
6 Z% 
 R(-


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

(%'  I>( 
3 ( ' @XX!
0
 . (B#( 1
+ @! ( N B#( 
-. )

'
I ( J E!  B#( @2!  
 1
6 6 
( S  :! N :X(
. @-( ( $%'  d D -
 (%' 
-.>( G1
 
+#-( E! 
&0  P&( @&.C6 S&-B# # #( @
!( c%
 ( 6 Z%  GI( .
 () 8 0 (P- 6 98 
6 Q
0
) X @C-J B# @  0->( 9
!: 
^:' M @0X( @!
(
R( & @&
 @  (eg

X# e @C-A( B#( F
 --P `8 '
.{q dX
:  B#(  : 0#( J
 
:( S
I( (X( t: g F  .
' 8 (P-( (%' 6 @
8A(
,8( $
# N%( ( wU) (X(  @ -( @ ( @
 R
( 
 @1' S8
&>( d# CI Z% @( @ – C-M( 
( @( ,
#( C-A( 0X(

& @1'   : Io ()(. (X( (%' g# . &'UrV\ 
 U]   X (
|B&# G
&D( @&   &
(
&0# & @ -&( @&( @
 R
(
.N
8#( B#( `(8 6 ! (ww) . &'UrVW/a/a
'
-&( & @&6
8 
. " d R
8 dJ 
A( F- N%( (wU) (X(

d&8  N%( GK( X!# 
-.>(  ,8
 
+#-
 0+   (0  P()
. " 8 
X 
) 6# Z% 
X( 
 R(- 
#( (%' R 
B&#( @& -&-P 5g
X# eB 7X 6 - 8
   X#

@& &
& j @-  8  +## B#( 
-.  @  @C-A(
&0#( J &2 Z% B#( 
I 0#( J 2 @C-A( @( 
! , 
-#M(
.B#( 
-. 
+#-M
  s( @1
X( 9
8#( $ X# N%( 1
X( ,g( 56 L#( .
 N
p !
& &+##
   #( . @C-A( @ 
#( B#( F
  (>( 
: !
^: #M(
%( --P( @-(  ( 
( S  :  &
.@C-A( @ 
#( B#( @ (--P (#8(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

. 0  P( @-( @6 ( B#( 


-. : &
S   z 
+#-( 6 @8
( 
+#-M( k
 : ' &
. B#( 
-.  k
#(  X( 
(
@& @-(
0 8# # #( ;
( Z# ' F

#!M( : *"  &
'(&( F.(   ! < F
(`#( @08( 8> B#(
^:Z% 
+ X#-(  E !#

. 
( 
#!M( ^
 @  @-  %IP 
(  ; '  
X( 
#!M( ^
9&.( @&-( d#-& &!*# B#( (    
-.
.B#(

&0 8# # ;
 6 
6 '  @
-( 
I>( 
#!( ^
 
&X( 
(  0# # 
I @ -( CI @6 ( 
-.M( 
#( @
!( @ -( T # 
I( $%' $
8# @( (`#(  5 
. @
X( @ - N- Z% B#( 
-.
0 F
2: 0
 1 +  - /:+ &
Salvage F(%X #-( , 1(6 ^
Profit k
&&>( @&&6 :B&&#( 
&&6J &&1(6 ^9
Profit k
&>(  @
( @6 Commission
B&#( 
&6J FM6 Sharing Commission
. Reinsurance Commission
@
!  Z% Agency Commission @
( @6 ^ c
@&
 @& 
6  @ ! TI B# @ 
6B @( 
.
. d6 # 8  @6 
X 
0 6

&(  g&( 
!J  9-#( K(   -( (>( ^
tI&( (%' G#   %J B#( @ DP( tI


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

B&#( @& u  X!(  !(  B#( ( 98



(  g( ( X  F-# #( @08(  K( @

0 
3 !
( #&-M
 L&# @&( $%&' .d  P( d 6 G"6 N%(
.X F
#( B# 56   ( (%' . Recovery
2: &
 
( S   $(# F
 R(- @X ( @#
+( :>(
--P
0 I#- #( @K:( 56 L.# (%' > B#( 
-. 
.@C-A( B#( F

$(&
 G#- Z%   dX# , s( 1
X( ,g( 56 L#(
 %J
$%&' B&
) 6.--P( 0  P(  @.C ()
J j:
) 6 X 9- 
@&! (& :  '  C-A( B#( RN
  0  F!# #B# @.C(
E&!
) &# 
) & C
) : Z%   B#( 1
+ X6 @! ( 6 0->(
. R
( (%'   Ng( (  ! d8   I~ 
( !  5"M
.@6( (g(  #
 X#( R`8(  C-M( B#( @6
:  
( S  @'
! g  
6 Z% C-A( B#( @6
:  s( @ I#-( ;:( @8# 
# @-( ( $%'
B&#( @& & 0  P( --P(  @.C
 #

0X#
0#-#
^: 
#( ! ( 56 Z%  @C-A(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

‫ُ ﱠ‬
‫ ( ﺍﻟﻔﺼﻞ ﺍﻟﺜﺎﻧﻲ‬٢ )

" 3
4 5
6& (  2 )


&6 56
0X#  #( @  .
#( c%
 (   
 C-A( dX( "I%
(
&( S  0&- @&! &') --P(  @.C(  X#  E! B#(
. C-A( dX( 
!>
) X (B#( 1
+ @! ') 0  P(
@!  @.C(  X# L 0 Z% @
g( c% ( I#-(  d E!
( N
^: #~
) X&& @ C-A( @( 
! , *#
)  X# B#( 1
+ @! 0->(

: (9  )"
" 3
4 5"
" 3 7! (  . . )
" -&( &' G>( & 9 g&( & @X#& :@
g( @
@6
g&
&( 9&
&8  -& (
&
&0 9&
&
K( >  @& ( d&
& FD& "- (%&
&0
. Z% !  jD( X!#
0X-#
&
( 5&J (
&( 79) Z&
( ,   ' R
0X( 6 *@
g(

&06 
X# #( @-? 

0  jD(  e 56 d 8# M)
 (9
g"()

( D9 6 0 
-I(
  jD( 
0(#M @ FD-
'  ..
$ 08 d6-I
 J
) 1 
-I(  (9
g"( )
(  !# M  $ !

&!> @&
I  € &#  
&'J  :X#
'  
-I( $%' F
 (%J

.
-I( g FM
!( ? $%'  9
g( u  9
g( 9
8  @
g(
9g @
g( X6  
)  > (( ' 6 @
g FD-

) g 5-  -(  - c
#! (  5J @
gA
 (%' j(  0-
.G>(

$%$ /# "!  /  


     . 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

&X Q `
&8!( '
06 dX @
g Is( -M( 0 G(X(

> ,&X( ' "GX( GX(  @X# G(X( @ > -M( (%0
'-
 d& 8# (9
g() 
 d ()R`8 d
  ,X (
( 9 OT ) Z
(
. d6 2 ()R`8 d!  d ,X Z%
& z N
-# Z%  (
-( ' : @g
X(  @X# ' Z%
& &(  Z&
(  
( >   jD( 
X!#-(  
( D9 9
g(
jD(  R `8
) X!#- 
0 
(  %J  
8A( d# (%0 '  
(
.
(  d6 2



" 3
/ 5 (  . .  )

8A( @ -( ( oX( 5 
 @6 @
g( J R
0X( 
.
. 8>(  @
08 Z% K( @6  
+#- @
g( 
 S
X(
 
        
) 5
# d. ( oX(  R
8
& K# ' jD(  "
8?#C
)  G>(  "9g "9
g( (   
 
 
 
   

!"  #" $% &
  
 '  () ) 5
# d
!- dX H( g

.(   
 
T
&0 6 H( 5g S
6  H( 6 J :  0( @ 7-(  R
8 Z%
@
g& M)
& , (%J 
 d : d 6 H( g 9( 6  S
( d 6
@) &( d N# M 
)  ( d ` M ()! d Z- M e : d!
: 56 #(
&- d6 H( 5: H( - d ; . d g Z%  u  @    F(%
. $`
8B

 898: ";<  <= ": >? 3 ,@A*


 +,-01
2  3 45 +67 . & ' () . 1
.& 'L () . F  < G HI* ? J K8 #ED "! B C/
%P
M N* O; 2
P M <QR O; 3
/V S F T U @ I' 4


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

: 
&. - d6 H( 5:  ( 6  d 6 H( g 90: 6
) g 
M F& &
 &( I  @g
X( ‘ 8 5J ,( : @( 0 @+C+"
.",
@
g #( 
 ( 0 d
! :(  @6
8 6 N X 
8A(

cI : 
. d d 6 -  ` T" . 
) 6
8J 
  ! 06    

& (( 5J 8  0 6 H( g 9


I(  6
( H( 6 H( 6

&0 9& ! :(  ' d 6 H( g N>( 5-  56 ( .


'
'  5 : 
. *+ . F d
  56
  .  
. +   0-
&
) &6
# d 
6
## $
-B  P(  5J d E   H( 
 
&  P&(  5J 
( S  
D P# . @  
 d
# + (( 
#

(
0  %IB 9
I(  6 5J 9#   Z%
 : M
X .
 jD(

& d&- &8( 3  : 


.  
( Z%


!B
6

 .
 .

&D 
-B  P( 
( : 9
I( ( 6 
X  M : M
. q
-
 P( 
 K 
 :
X H( 6
   F- H( 6
B . d! 
(
d&8( H( 6 F- .
D : 6 
X . $
g Z'  
( (%' tX  (%'
.: 
X .
) g(. d#8   P( 
 : 6 R
-8  8 
X . H( 6
6
( H( 6 H( 6 %I  d! L:  
( S  6 %IB
) g(. d#8
." 
( j L: 9
I( 

B C/ \ K0   M?A K ]MX U K47 HR ^;9 0 WX (0 (Y Z3 (MZ [I ": 
#$$/ : $aV$ _` ]MZ "!
%%! _`
0c* T F0 \,  U
I (0
I' 1
$ %# 0 HI 2
dR HI A ;7* HI A< N` 3
j* <6 k;l   [; ]MX U [;mC HI {hR KiC (00 K@} ZQf g* \<9 WX (MZZe 4
S F T n^;* U o ":
I'X [` %$/P E!E _` ]MZ {8 & & Z0} E% &   
./V (A9 U @ V!E/%


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

 d 6 H( g 
+6  :$ 8 6 d 6 !( 6  RC( 6
.
0  j(  56 d  M)
 $
6
  @&'
8( & . 6 @ F
 @
g(  @# ( % 
- d6 H( 5: H( -    ( ( (%' 56 
 0#
8# 9- 9<
C&-A( R
&8
& 
0 6 H( g @8 I  -( 

) 
g 
-  3 ( .
@
g '< 
 
- - d6 H( 5: H( - 9
!: 
 
' .

& J @ -( > @X#( @ -


 F
+ @
g( `(8 8
 Z% 6 00  
.(.J    ‚.


" 3
/ 5
4 (  . . )

( @ # F

K M) : @( I( 
( ,8 @- @
g( J
@
g( 9->
) X (  6 I  9-
 56 :!( 9X#

9&-  I#-& &(
& 
6 & . ,#8(  6  1
( 8 (%'
. 
( @ # ?X!# #( @C-A( #( ;: ' ! d: @
g(


" 3 4 ( ; . . )

& 5&# ( !  (u |- #


0 %J `1
8( X(  ' *@
g(
" L:&#( & . X( |-* eJ .    L7:#
 
(  R(- R

d!
:& 
&( S  7  L7:#(  |- ( (%J
   d!
: 5J 
( S 
.
06
X#( #( @- 
 n#
 ( jD( 
-#X

./V @ (A V!E/% n^;* U o ":


I'X [` %a/P : E!! _` ]MZ 09 HI*1
#/ Qp (0 h  = Qp (0 2
#D ,@A*
 & ' () . %a : %PPE \ K0 M7<  * : \<*
= k;07 3 ZQf 3
# 0 HI 4


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 


:
" 3 4 % (< . . )
: 4 %
=
" 3 

&0 *# 


(  9
g( 
( 9!
:
' :  >! .U
 &
( N 9
g&( & Z
( > #(  @
( @'
. ( ' 
(
: d *#" :  % ._
e 7j:&M
&06 L
#( @81( ( X (   e .
$%&' & &K( > Z% @
8#
) - eN
) g6 

&( S  ( &X 
 > .
) !
 ()< - @
!(
d&  @
g( X6  :>( 
 eJ . 08 jD(
 P < jD( g < (  
-! Z% ()<
L
g&  7j:& C (% . S
 ( @8
! ()`1
8 j: d 
.d- 
( S   +# Io <
j:& Q ( X( 08 
  d > ( X(    .9
5&J N P&# 
( S  @
08  M) 08 
( S  
#

.j(  @
08
(%J
&J @%(  
 56 @
g( j:# C
)    .c

&( S  &  j:M Z% . X( S8  cI
S&8(  $ X (%J
J ^9
g( N ^ 
( @% 
) 
 &X( S8  ()g
! 
(   #M d h 56
9&1
K( 
&(   ( (%' ,"8
) 1
< M)
 
)  
 
.`
8 9
g ?"-
j:&# & 9
g(  

) - 
( S    .
(%J @I#( 9
g 
( S  -#  M @
g(

VD 0 HI 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

D9 & & 


&( @
g( 7j:#M . @  
( 

& 
&( D9 @
#-M( 5J 9
g( c
#!( (%J
 
(
$%&' > Q Z&% `
8 
( 9  (#(   (
&
(   
( "cI*#M Rƒ ( #( @( < @
#-M(
. 9
g( '
& & 9
g( d8(  
( 79 #  j: M .$
g&# d& (%' dJ @8
!( 6 $ 8M . d„ > d#
:#
.@
g
 g 9
g( 6



" 3 0 @"A  ( ? . . )

&( D9 9
g&( & &' @
g( 
6 6 n#
( j( u
.

^: j(  *#"
06
X#( #( @- 

d&6 X(  
-! Z% ( X(  j(   .U
. d6 X(  @
08( 7j:#M j( '
 E&+( :&! @-&  0-
) 6
 ()R`8 j(   ._
.|( ..... %w] %a] L:? (


" 3 / ( B . . )
2: / 7C
" 3 
X
)  
( 9
0 # M #( ' : @X( @
g( .U
.@
g( 
  ( L:#(  9
g( d
&6 9
g&( 
( 9
0 X #( ' :  X( @
g( ._
. Z&% !  -(  F(
8?#(  @  L
:  
8#A(  6

V% 0 HI 1
##PD {8 A & Z0 } (Mq Q r : Ts oA0 3 \<* " t) 3 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

H( - 6 S
(
0 X 
 #( @-
( 5   X# .
.d 
8#f d
 d ,   X 
 d  - d6 H( 5:

:
" 3 /
> E 4 % ( D . . )
g& &0 
#
 @
  @
g( 
  ^9
g( – 
(  "#*# .U
F
 (%J
 @
g( 
! @
I 
'A( :X#( N #( FM
!  X
9 
-I( !# 9( G( ' -( T. 6
#  @8#

-I(
. 
(
,& Z(#M( 
( 9  (%J @
g( j:#M L:#
 
( CX#-( ._
. d!
:  
) .
 
( 8 ( (%' > (  
(
. @
g( 
 9
g  9
g `8 .r

& S    @
!( @
( @ !( ' R
0X( 08 6 `8 .a
&6  :  ( @ (  ' 6 ( 9
g(   @  @
g(
. GX

J 1( 
)  ##  ( @
!  
(

&0 (X!   
 @ j:# @
!( > `8#M
0  @
(  <
. '( 

 @
g(
) g
( ' & 6 `8 M @
!( @
( @
( ' R
0X( 08 6 Z% .w
1(   ( - ( (#( 9
g( @% 5  @
g( 
 S  
5&  G.( " 9
g 
( 9 
. (%( d ( M( 9
g ;( 1( ( - +
Fg(
' @
g( M R
( 
#
 `
8 " @
g d 6( C 56 T%(
( T(
) &  M
) & 6 
&( S( B&  $  5 @
( ' T%( GX( 5(

$! 0 HI 1
$$#/# D
 
 
 . 2
$$#/#D 09 HI* 3


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

 $<  d
 %
 dg. d M  d6
) #P dg. 5 C
)   9
g(

". d 9
g 5C<  
( G.( : 
. 
  @
g d8 ( `
8

: 
" 3
4 5 GH ( F . . )
2:
K L$  
 J1% I "
" 3
4 5 H
.C
) +  8( 9-  .
#( !> @'>(  R
#
 .U
.
' ! F ._
. |-
 .r
.C-A( 6 ( #M( .a
.@
g( 
 S  ZC' .w

=M  /% 0


" 3 L"N (  . )

-&. ?& 6# # C-M( &B#( S->
) X 0  P(  
&# @&.C6 &' 0 
 0 P(  @.C( # (%0 
0g  0(#(
@&.C6
&  .  :&( c
#!( 9-! B#(  : 6# ,8(  %J . 
#
&X!
& B&#(  :  ( # --P( u  --P
 0  P(
 Z%. @C-A( @
g( X
) X #   @.C( $%' 0  P @!:(
^:
' : #:  # B#( 
 
  . (>( ( J
9
&##M( &' B&#( @&2! (
&I ) 
-&. ( J : 5>( ^
@&6 `# #( @
( @ ( 
6>( 3   B#( 
6J F
g#(
. B#( @2! ( J
. B#( @2! 
-.  k
#(  X( 
+#-( ( J : @
+( ^

$$a/#D 0 HI 1


VVD & ' () . 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

O N>%
PE  N+ Q C 0
" 3
6& L"N (  . . )
'
' 9(  @2!( (
I) 
-. ( u @:
I( 5>( :( '
n&#( Q
&0#( u
& ' &   Q
'
+#&-( S @
g( @K: #
0#( J
F
&
( ,& &0  P&(  B#( 
-. :!# B#( F
 I -#(
N & @'
-& 5&6 :!( B#( N  
-. ( - 0 P @X!#-(
F
:&( ,&8 
&( 8 ,  0  P @X!#-( F

(  B#(
@( A( @-
!( 
6>( # @ ( F
08 TI>( F
(`#M( @( @( A(
.B#(  : 
I @:
I(
( J :-& F&!# d#( J F# N%( B#(  :  8( 
(  <
@-&  %IP
 (B#( 
-. N ) @
g( 
 S  ' QB#(  : 
I
&8 (%' .% 1#. $ 8   d!  S d- 
( S    @
!( $%' 
j:&# 
&#
 C&-A( d&X( &  (( @
g( 
! , G
## @
g(
^: #~ @!!: < @
g(
. . 
( S   S j(  @- ' 9
g( dX!#- N%( J .U
d& 9g&" &( C > @
g F-
0 L#( 
) g  X#
 d  <
 
( S  >  
( S   S jD(  0-
. d!
:
)  2 d
J 9
g( 

&'A( :&X#( ND &#( @&
! 
J KM @
  9
g( "  ._
9
g( $%IB
 56 ( $%' # . @
g( 
! d#
I
L
I $ 8 B#( @2! 
I ( J  @-  (0->( @! ')
S   R`8' @
!( $%'  '
-( $%IB
 > @
g( 
!
.
)  # 9
g( # 5
#

0!  S @
g( 

9
g& 9- #M F


 
( 9!
:
0!# 
-I
 #
 .r
d&8   ! 
   ! %IB  j:M d
)  
(   

 &6
X( , G
# Z%  
( S   ()R`8 9
g( %I (%u .!


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

' . "6 9- C ! 


 %IB  !> `8M " X# #( @ 0X(
& d6 R(`8 ' 9
g(
'%IB #( @- ( > 6 9- 8M
& eJ X!# J j(  %IP#
0- @- ( 
8#( N Q j( 9
%&I u& Z%& . " 6 9- 8M 
#

) 1 %IB C X!#
(%&0 @
g&( & d#:! d 
#6
 
( S   ()R`8 9
g(
& 6 d&#+ 98 
 ( " X# #( @0X(  6
X( , G
#
 N Q j&( :! ' @
g(  
 ( . "( F+
C
) g (%' j( X!# @ j(  9
g(
'%IB #( @:!(
.
( S   M X d- j( R
6  %IP#
0 6

@&2! 
&I ( J  @
g( 
2 # @!:  6 P $% L-
 %J
L
I (%'
) g
)  # 9
g( 8 B#( -.  9
g( @- %I > QB#(
. 6( g#X(

 N>%  Q C (  . . )


@K:&
) &X B&#( @&2! 
-. 
+#-( ( J ' @
+( :(

d6 
#M( #
  
-.>( $%' 
+#-(  @XX!( k
>(  @- %I  @
g(
B&#( 
6  @
g( c% # @!!:( @-( :( ' :( $%0
.C-A(
@( ( J  S  0  P( --P(  @
g( @ # d6
0
) X B#( (  
-.  k
#(  X( 
+#-( ( J 
 J 
0#(% @  B#(
(
&( S  9
!&: ) '
-&(  5&   FC
( dX  @( @
g(

? Bw K8 a# aV# :"! 8 /  _  @ Z3; ju ` ZQf v (0 ZYX v 1
.| Q@Y ` ZY 67 /; TZ
A0w (3
 xy F `0 z < U HI*
aV# a# F ` 2
aV# a# F ` 3


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

%&IB  @
g( - 56 B#( (  
-.  k
#(  X( 
+#-
 X
(%\]%_])  (%V]  %U]) C
) +& 
&?#M( 9-&! @
g&( k
  @-
&&!# Z&&% &&
X ( %w] %w] )( ( %x]  %a])( (%W]  %r])
F
& @&`
(  &
( F
:&( R
+#-
 
+#-M( F
: --P(
F
:&( &
&'< B#( 
-.  `I#( X ( @
#

0- @
g(
@
g( ( 56 € #  
'J  :X# 6 @8

-I F+ ! (%J ,
.
(
9
&- 6 @8#

-I( F
 (%J
 .9
g( ' --P(
0!# 
-I( u

&0!# 
-&I( u& @&!1
8 9-  9  G6  -( T. 6
# T`#
.
( S  9
!: ' (0  P() #(
9
8#  s(  I#- (%' @
g( c%  5J 
A(
 N
p ! d <

&I ( J( 56 @
g( @K: # 9
8#( $%' G  8  C-A( B#(
$%&' & &Is( G( .
 
 6( 5g#X @
I Z%  B#(  :

& &' B&#( 


-. 
+#-( ( J F
6  @
g( @K: X  9
8#(
.6( 5g#X( , (#

:=M  /% 0


" 3
4 5
6&  (  . . )
&X#
 (  C-A( B#( @ I ' @
g( @K: # 6 C( 
@X# 2 !#( (%' 6
 # 5#! F
 -( F

8A( E!  F
X#( $%'
.C-A( B#( F
 I 56 @
g( @K: # @



" 3
6& L"C (  . . . )
@& 
&6  @
g( @ @K: #  F

8J Z
'  E!
( T
:

0'  B#( 
-. 
+#-( ( u #
 C-A( B#(
@&:
I( @C&-A( @&( 
! , # @C-A( @
g( @ X6 .U
B&#( @&2! 
-&. 
+#-( ( J  dX#  
#
 FC




     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

@&( 
! , G
# DN  @ C-A( @ 
#( B#( @ @:
I(
. 9( ' @C-A(
9-&! &( 
0
-#.( 7# d u k
 @
g( F
6 6 F8# (%J ._

( S  9
!: ) '
- X!# Z% '
) -  !( @6
( @-? (
.(
( S( ()`
! N ) '
- ()`
! Z% 
#6(  
#
 () 1
6 (
|-&( ! d X(  
)   5  `M < N `1
8 X6 @
g( .r
&
) 1& Lg& (%'    L:#
 9
g(  R(- (9
!- M()
.C-A( B#( X6 56 @ (
X6 d# ' 
-I(  jD( X!# @B-  @
08( K( #!#
0 J .a
.@
08( K( d N%( B#(
.B#( @# 
` J @
g( 9- # ND PM .w

:
" 3
6& L"  ( . . . )
( J  @
g( @ @K: # F
- Z
'  E!
( T Z%
:

0'  C-A( B#( 
-. 
I
 : 
I N ) B#( 
-. 
I ( J  @
g( @K: # ^U
@
g&( @K&: # j: 
#
 @
g( 
!> @
I d (B#(
.6( 5g#X
) 
I
@
g&( 
&6  
-I X!# @
!  k
>( 0->( @! X- ._
& '
+#&-( R(  `
!(    
#
 ' 08 06 ,g Z%
B&#( @6
&: 
&# (  ! 9
- + Z%  C-A( B#( F

.C-A(
C
) . - k
>(  '
-( 9: u C
) . X!( jD( 
 (%J .r
.() 8


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

() &1
6 d& 6 8 & N%&(  &X
 
+#&-C `
&( 
( (# M . .a

0
-&. Lg L:## B#( F
& G 
6 (%J
 -M
) 
+#-(
. @##(
&
&'P
J 7# @ 
)  ^
) X!M^ ## 
-.>( $%'  ()R`8 J .w
@X#-( 
-.>(  k
#(  X( G
I ( 5J ND P (%' @X#-( 
-.>(
@:&! &# &#( N
+#&-M( 1
( @8 G
I ( 5J N P
 
g
.
0 g  9
g(
 N0& 
0# 8 ## 
!>(  +  
-.>( :!# @6 .x
@&!
#( (&( L&g
) g (%' 56 9## N - L:  N - ,
0& CI B#( 
-.  G1( 8# M . d Z% 5J Lg 
+#-C
.k
>(   # Z%
) # 
+#-M( %# 
#
 
(  @     

&0
##( #& M @ -(  @##( 
-.>( @8  
#6M( 
%I (%J .W
(%&0 @ -&( (  56
 J  !( #  !( 0  !(  
) 8
.
+#-C 
-.>(  k
#(  X( X

-&.>(  
#-M(  @X6  B#( X6 R
KJ 9
!- M( @ .\
$%&' F&+ (%J
&0  R`&8 0&J  d %J !- ( @-( @6 (
.B#( 
-.  
+#-C k
#(  X( Lg#-
0 u F(R
KA( F

!- M(
Gg& # &
&J 7#& M @&XX!( k
>(  --P( @:! 3-# .V
& R
&0# M( ! 5J --P( @:! -# IB# 5J N P (%' @
g(
.Gg #(

B#( @6
:  @C-A( @
g( @K: F
X# D X#(  -( (%' 
:d T E!
( u QC-A(

x„ @…M & 0c* U A * . @ƒ ;  ~ A . xA3 _ h x` [;  ; ‚ * ( SA )  ~ 8 @m 1
–S ~ A [* ( OT ?'M ˆ  &T . oAM ( o  ~ 8  ?' o†‡ ( o  ~ 8  ?' xcM [M x;I; &;M
%$E/E &9 HI (MZ &Q9 M QŠ; (  ~ 8  &Q9 M ` M &  ‹ ŒM & 3 ]MZ U


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

ُ ‫ُ ﱠ‬
‫ ( ﺍﻟﻔﺼﻞ ﺍﻟﺜﺎﻟﺚ‬٣ )
Q M
6&
`
8 (  S
 ( 
( I#-(
'+  C-A( dX(  @( X(  
8A(

&6 & 
8A( @K: F
X# G#- R`8( (%'   @#
!( 0#C
 L#I
^:#~
) X C-A( B#(

H" R !  Q M


S ( . )
2:
6  '  R ! (  . . )
. R(( 8>( 9(+( ' 8>(  %IB
0 B 
8A( L# 
&+ 9&g 9& 
&  8B  8
  @
4 ` 6 8‡ -( 
8A

&#. 9&g ` &6 &8 & 6
-  : '  X(  F0#(
.R(8 d8 8B#-( :8>( .
0g 8( - 8
4 B
06
g

2: =N&$ R ! (  .  .  )

&0
J 
02
 
#  <( 56 
8f + L
# R
0X( 
@&  56 X6 :' 
8A( ":
#( ! ( 56
0#   
( @
X#
." G  @!
A(  % @
. @  :X

' G @   @!
( ,
( Z#
0 B 
8A( Io
06
G& ,
& ( 56 X( 6 
6 
8A(  . G  , ,
.
6J # G6 K 
8J # G ,
( Z# 


. $ # {       !" }     
         1
.,-0 1 *+ ' () /&   !" # $
 %    
     
   . 2
.A` ˆm Z . I <`   ZQf . 3
\ K0 NR  ";^) >  8;9 Z :
 U ;< U ŽiX 4 Mc ŒC ZQf MZ7 . 4
=a!a t) a$/ {8 A & Z0 } pT : ";<  &L Ow @ 4 aV$/ P 8/


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

&X M ,&(
& 
0#.# `
0 E!  ,( 6 L#I# 
8A( %J
& X#- ` 5J 
8A( @
gJ 7j: (%0  .() P 
 J F.#(
.Z% S6 56 ,(
.dX# 7j:M Z% ,( 
0X# 7j:M d @08  ,( , ## 
8A(

) !&g &+ >(  F


#( $%' 56 Rg( -# 
) 6
^:
#( ! ( 56 d0 0- 
#

"d!  $+ 56 02  d8 56 X 9
8J 
#(" d  X6 2 .U
@  Z#  X6  G @!
( ,
( 56 X6 "
0 B G(
06 
 :X @  56 X6" ' G( 
. "8B#-( (   :X @
. " G @!
A( % @
.  @
. &6 56  ,( X6 > , S 
8J d 56 B# @  2
 ._
& @8#
 ( @ ( # @!( @!
( @ (   2 @ (
.( ( (!
 
- A( < ( I#-(  @8#
( ,
(  
- A( 6
&+  ,
( 
) 
< :X#d @. M

#-( d  GK(  :X 2 .r
. @0
 D 56 
81#-M(
.&K( @& @&08 #   ,
 0 @ @  N "@"
0  .a
S &8 & !#  ^
0#   !# N ^
0#.#  M @ @ ( # 5#!
. @
( $%' 56 

 ( (     9+( I tI Z
81#-
 (
 < @
g(  jD( ( X > @
8( @
g(  `## (%0 '
. @
08( #!#
0
  #
0#  #( @
8(  
!( Z%

ZYX E% : "%PPV / \ K0 m<*      Om<* * \<*   .
.E : {8 & & Z0} "! NR  : h7 `: _,<* m0 E%
E% D 0 HI Z<0  E D +,@A*
 & 'L (’) +67 . 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

' &X6  


0 @:( 
0#
6J ,
( @' R
X#( '  G6 2 .w
> G&4(  @
08( #- .  G6 K @ ,
 56 X6 '
.
)    +(   @  + 
8A(  G4 (

:Q M
/ 5 ( .  )
N `(&8( &- 56  d 
8A( X6  :>(  R
( T
.X( 
8A( @ -( 9
#(  R
8
 Z% 56 ( #-( @!
A(
‫ َ


 ِ
ـ ِـ
  ِـ‬:5
# d.  R
8 X :9
#(  Z% @ 
 ^

‫ْـ‬+
,َ) :5
&# d&. Z% (‫َ َ "ِ!ْ
َ َْ

َِ َ ـ‬# َ$ 
% َ$َ&َ '(َ)*
 َ

-+ ‫'ـ
ـ‬.ََ
*َ
َ)
/
%
 َ
0
ِ1,
ِ َ2
 3ِ4َ 'ِ5 َ َ$ +
6ِ7/ 8َ
 3ِ9.َ
.:
;ِ5

-ِ ْ&َ7/ ِ
4َ

.:
;ِ5 َ َ$ ،
?ِ.ِ @ ِAَ)ْ
Bِ%

,َC Dََ َ َ# َ$
<
=َ)ْ َِ
 '<َ$
>

8‫ِ 
َـ‬Bَ
: '3َ7
*4 I
;ِ5
0
6ِJCُ َ ِ ُ 3LCِ5 َ# َ$ ، ?ِ%َ&ْ FGَِ)ْ

ْ&َ7/ ِB
%

H 'ِ5

0‫' 
َ ـ‬Q‫
ــ ُ ِ ـ َ َ" ـ‬%
> َ2ِ‫ ِ* ـ‬B‫ِ ـ‬.َ 9‫ ـ

ـ‬.
.َْ ِR‫ َ ـ‬P ٍO‫
ـ‬,ِ;
3ِC ‫
ـ‬.َM 3ِC
 ْ&‫َ َ ـ‬

U‫ُـ‬Jَ
BV‫َـ‬W َ ِR‫" َـ‬5
&# d. Z% T(
?ِ6ِ '=‫
ـ‬Bِ%  +
" ِ5 3ِCِ,َ7
/

." 'B:
 ُ 'B:ُXَ

 P&( D &6 `(  6 6 R


8
 : @ -(  Z% 
  .9
&- d&6 H( 5: 5 ( 8B#-())" F
.
0
0 6 H( g @1
6

3 ZQf ED & ' () . Z<0  $#D &98 NQ3 3 O; OI tM 3 (MZ “u . 1
D k;07
. EE t@ O; 2
&L _@= —p ": 3 ZYX . :M– K9p HI.A h ,  l 90 , H”  (A •, 3
%# %V %E ˜7 4
.(V) ˆ6 O; 5


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

 
 S< .
) #OI
) 
' N 6 6   + O (    C
) 8   
d&J
  $
B . 
  56 ' 1(  t
( o  L!

 @!:
0#!(
'
#B 
 EC+  + 
< $( 6( 
0#!(
 0 %IB O (  ( 0  
6
0  ( C!#
 EC+
5&:  ( 6 '  T Z% .. "!
-(  ' @ -

) g  .. "d.6 L8 e . dX! 8>( (6 " :


. d - d6 H(

. " :
. d - d6 H( 5:  (  d 6 H( g '  T

 8  < +  6 8 @
X(  0:I
@+C+ 5
# H(
.. "$&8 d&  d  5#-
 ()8 8B#-( 8 d + B () !
d - d6 H( 5:  ( 6
0 6 H( g S
6 ( T Z%
H( &6 &6 ,
T Z% " H( "9
# ()8 d6 #%I
 ˆ! " :
.
&0( I - d6 H( 5: H( - 56 " 
.
0 6 H( g
d+ ! 6 (   .
0  cI
  0
'6`
'  56

."R 56 T# F
 (`  ( 
X6 
8A(  56 -( R
0X 
#( @
!:(  L-( ,8 ^c
 & (
. 
8A( (%' 6 (8I R
(  @1
 Z
' 
J `1
8
5&6   K(  (  d 6 0  K( K( @ 
8A( `(8

^: #~
) X 
8A(

.` _ 1
$ š› œ; ˆ‹l NZ MZŠ0 * 2
$/V h — = 3
.ks6 <M WX I (0w Ž  [` E#/ Va _` ]MZ K47 HR ^;9 4
. $%/V h — =5
.$$E/V h — = 6
. $#$/V h — = 7
a% D .&98 NQ3 3 O; OI tM .  8


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

,&  5&6
) -
. @
 # @  @  56 X6
0 J ^U
0
& LC#I
& @&#I &8>( ,

  
  (

&#

&0# M d E! 0g 0#. 0-
.K( @
08( F g#
&' 
&8A( ! d! C
) 
. d! 
 (%J
J 7j: M X( ^_
&8# ,
( >  X( F.   < (%' .,
( -#
.C
) 

06 X( 
 Z%
) 1
) 1
0#8( @(  9
# 9!
: '%
 R
( G d 
. N ( (%'


X( N:( -!( @6 ( :>( :' :#X( @
0 
d&
# & !(  ( 06  . .
- (  (0 (
@0& J " : d&&X &:#X( @
&0   0&&#8( @(  X(
( -# +( -#
0 !#-
 J F
g
(  Z% ,  
X( F. F(
8A(  ,
(  @--!( 
6>(  
!( '

eJ
&0 J : &X !  .IM
 ,  ()< Z% 
 @ 
2!
 J ( 9
K(  
#- 0 X( 
!  @  F

 &6 $P
#&-( &  9&
K(  5#-
 ,
( $%' 
5&J 0#8
&! 
8A( 5J S
( @8
!  + "R(-( 56 d1
#-(
g& L&##
&0 >
' 8   M ,
( 56 X( ,(
.
&6>(  -

' 8 .
06 X(  %J  C F
6
-(
.0. 
8A( @!: RMP' LCI 6 M

.VV/% Z7 * M Z@ ž MZ0 1


"3 U; * {Zl Zu (0 0 K@ } 9Z8 ^ Zu (0 ZY (0 ZQf (0 ZY (0 ZQf Z; ;0 Ÿ " ; 2
.¡##
.V/V ¢4* Z` (0 3
.aV$ 
 U ;< U Ži 4 Mc 4


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

  
&8A( @ -( 9
#
 `1
8 X6 
8A(  R
( T Z%
&( jg#  N ( (%0 K( @ 
8A( X6 C (  %(
: d B R
( G Z% 56 7  Q 
5&6   #
 ' K
 < 
8A(   . (%J ^U
&8 & 5#! (% – @C-(
0 9
K( 
8A(  < R(-
S
( @8
! 6 C
) g (%' X(  #K(  (  0 <
&X6  Z&
 
&A( T& Q @&8
!( 9- . X( (%' 5J
F&
 &K( d
 (%J (@g
 X6 ' 
8A( ) @g
(
.d& M d ! N%( K( `8 X( u Q d @8
! Z
'
#( @!:( Z#
0 B @8
!( (6 R
(  %
  8(
& Q @X( $%0
)   ..@X 
- A( d8(- GX#  eJ
.()`1
8 X(
@&( ( ! Z
 
A( 9'% 
 
& 5&#! ,#8# e K   @ ' K( 9- X
X !(     (%J d   C
) 
 K( d
 N%( X(
 ()`1
&8 X( j:  K( d
 N%( X( 6 ( $%' 
^:' ( $%'
.@
( F
g
( X6  X6  K(   ^
.()+ K(   ^9
.@
: d6 X(  K(   ^F
.@8
! X 6 #
 ^E
&I 
 , 56 S
. d > 
 
8A( X6 J . (%J
 ^_
&< (%' 7j: M  ( ,  9- 
( , S
. 0

a$ 0 HI 1
#!# : 0 HI 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 


8A( X6 F. @  8 (  %J 
8A(  (
X(   (%' 5
0
 R
#-M @( ( Z# 56
d 8 M   56 X( 
0
  @  6 56
.C
) :

: Q M
/ 5
4 (  . )
Z% _(..
YVْ UُJِ4 ِ َZ
>
Yْ UُJِ4 ّ ِ ":5
# H( X

(ٍ]

; Bِ% ِB^ 3ِ UُJَ
 َ_
V

%
> ):5
# H( X


& d& S& -& ^C
) +– c
#! 
- A( 8# 
!( @ J
9!
&:
&0 - ()( 8P    M (% .
) - d N#
5&J @8
!  >

0  C
) I 
0 d @8
! M ( ( Z# ( (
5&J N P 
8A( X I ( 5J @8
!  
+(  @ ( -(
R(& 
( 
( Z M 8P(  6 C
) g (%'
0#8
! `
8 J
B& Q
) -&  < 0 Z% 
( Z 
+(
) - X 0 %J
& 9&( G(  @08  X(  K(  ,8# 
8A(
. TI @08
&g d  Q 
8A( g
# Rg 56  X#(
! 
 @  
! G#-- E!
( u (% Q
+! 
8 S d
JZ1
 
.
8A( 
! ' 6 
:#I
 # - (%0 B#( g #
 
8A(

aa 0 HI 1
!# : O 2
E! : •l 3


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 


Q M / ( ; . )
2:S / 7C Q M 

&8u ,
( 56 
8A( ' @  d6 X( N ,
( 56 
8A( .U
,
& ( $%&' & k
& '
& 3 
'
 
 F
6 #-( `
(
.
'
 
  ( @#(
0  cI 
#

 &I
 &6 `
&8 A &  X # #( ' 
6>( 56 
8A( ._

8A( |(........ 
I(  
X( 9!
: R
( 
X( Z
  I#-(
^:
' -. 5J -X # 
- A( 
6 56

: T+  (  .; . )
d- -# 56 X( d6 ,X  tI T   N%( 8M( '
d& , #  !(  ( R
gX ( 8 8>( !#-  !(  ( 
. ` (  
I( 
( L2( Z% 
+ .
 X   8>(

:U 5  ( .; . )
-&#  &8>( !#- ' S
( @
  N%( 8>( Z(% '
. d&1
0#
 8>( !#- d X  6 56 8B#-( , .
# d > d-
. Z% d

  
X( ,8(( 
!( 
8 ( Z% 
+

2:Q M 0 3 (  .; . )


&
' & > 8P( ( 
g M Z#( 8>( t
I( 8>(

' &#
0 # 9- L#(
J 
g C d6 9
g( 
 @

&0  
g  Z#( 8>(  8 R
0X( G 
0#
0
'J

Z<0  #D 0 HI 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 


6 9- Z% 
 (%J
J d  :X#  € # K 
  $   Z
 
g
j
:& 5&6 2
!( Z%  0# 8! . K( !
 d  S(#!M( M
@#B (
0#-( F
6
:(  '  F!#
 ( g  (%J RMP' 
+ > S
(
n#&  0#( . # . 
6> 0. 5J Z% N P . 0(  8B#-(
. 8B#-
  g( 
!J Z% 6

:Q M / 4 % ( < . )


&08 T  . R
0X(
' ! 

0 X( @X B
0 B 
8A(
:' 
8A( 
  R
0X(
& 
&0  z& & #& (8B#- D8P) ( .
6 :  4 
. .
# C'
D8P&( &  :& 2& 3  (X( 9
8A() ' @K:( :  4 
:@&
 
) !&: 
 R(- &&'
2 @M ^ G @ ( Z# 56  
F8B

.2
>( $%'  #(
 F#( F&&8B#-(
^: 
 @ ( @!: # :
!E : ' 4V 
( &( 
81#&-( &!
) &6
) 6 # @ 
 @. F(% #  ^
 @&! @  56 
81#-M( Z% cI .9 @( ( -
.
0 `# X ( 
81#-
  @ 
-&#( 6 ()`8
6 D8P( 
 
0-# 8P(  X   e ^9
. 
8A( j:# 
) 6 
) -!
. 8P( M 8B#-
0:!   ^F

VD &98 NQ3 3 O; OI: tM .  D ,@A


 & ' () 67 . 1
. [; F£ ; š= Z @AT & ¢<¤ OI ( “A ZA3 ; 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 


#-&( 
8J 7j:# M Z% : () :. 6 R
#-( @ (  
 ^E
X6  :>( > .
0  
0: R
#-M 
( M d#+ R
#-M
& Z% > Z% () :.
' X 
6>( Z# C ,
( Z# 
8A(

&# ( ' N%( 
8A( g S6 56 
# ( M ZC0#-( @XX!(
Z&% 
+ () :. M
) # 7# ( R
#-( 
 (%J
J . ZC0#-( S
R
#&-(
& ' X 
gf  
gf  @
g!  ( 
81#-(

&0 ( F8P#&-( (%J Io 


+ . ,
# d > j: 6 ' (
. @ ( R
#-M ,
# +( ZC0#-( > Z% + 
8 F(% @X !
. () . @:
) 6  .
 @ @ ( #  ^c
2: Q  : *"  4 
@& ( &+ 8>( 
#6M +(  #
 8>(  #
: 

0 # (% 
8A( X @(
&#M  $!  9
 @-8 8>( #  `8 C '
 # e .U
.
'!  ` I( @#
 F
!( 
eJ d ,#  M
) 1 8>( #  `8 M 
#
 
0
) #   e ._
@-#( F
(!
 N%P
 # M F(!
 d#-I 9- Z% 

. ` I( 
:>
 @! # M

&6 `8
& 8>( # e 7j: M y%J
0-# 56 () X   .r
. R
(  Z-( R(0(  
 d-#
.@
  Z 98 
 R(-
0 56 @M .
  e .a
M 
6  d8
#!#
 ( ( 
8J 7j:# M (%  .
 @ # e .w
$%&' +  8>( @
08 9-
0 @(  
' . 
 -( 
8J
Z%8B(  ()R`8 F
: (%J 8>( @!:  6 Z% ! .FM
!(
5: -( 6 N . 
' 8 
X 
 j% ()(`8 8B#-(  +


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 


d& 6 (&!( 9e-6
 6 - d6 H( : 50 ) d - d6 H(
5&
 Z% ! (
!( `4./ 6 50 ) d - d6 H( 5:
 (%w) ,&.( @&6  -
-( 9
( RC (%'

` 
Z%& ! .,  X!#
  (  d 8
 |(.. (%U])
6  , 8>( #  56 
#M( @
!  
8A( @!:  6
) g(
.8>(  @
08( 9- j: M $
  

 Z% 3  .. :!(
&!C( :&(  8>( g ! Rg(  () ` X -
&g 5&J @
&gA
 @&
( 
8A( 5#K: X# $
: :I N%(
.8>(

,(( :( ( a )
:
4
6&
F
 &I 
& 0#C
&  S
(  @1
( @6( ;:(  @
( @K:
-&# &X %( ' B#( RC 5-
 6 @
( c% L# B#(
:
#( ! ( 56 @
( g 
# 
 .B#(


4
S ( .; )
:16  R ! (  . .; )
.2!( G#( :
0  

  6 56 #
'- (( j# @
4 (
@
(
) g  .d B X T%( ' ( %J .$B X N%(   :8( 
( Z% . dJ Z GD N "  * + ,
 -.
 "5
# dX G#(  #

1
456 :3 , 01 2  %( ) %*+'     ," " , - /: %&"' 
/   .
  
   
     :  2
aP##/# :
X +
 +  . 3
V: [8 4


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 


. " / .  0 1!  * " ! 23
 " 5
# dX 2!(  

 =N&$ R ! (  . .; )
5& d& @K:& $&< 5J @
 ( X
 d d
 tI G# ' "
   "d 6 @
  L:# 
X $<
) :I ' ! G  N .d#
!
.d `8
  ( L:#(
Z%& 
&X K&( Z%  d
X @
.  Is K  ! G# ' @
( "
. "d / " >( Z%  d
.  " tI(

:
4
/ 5 (  .; )
9
&#(  Z% 
 .
8A
 Z% :! @ -( 9
#
 @
( @6 F+
d.
)g( " "5 :; < "=. 3
    :; < "=. 3
 41 "  "5 !  6
" 7
 0
8
 9 " 8 `6 dX

" !< 6
> ?  0.
 -   "="1@
+ . ?; "5A ; B!  C ! D  + 9 E ( : 0.'    0.D 3
 ; 41 "  "5
#
H( g Ng( @  6  d - d6 H( 5: d 6 N
 "
 . @ -( 
5 ,( T
) g  Q
0 6 H( g 
-  F  @ @!  k
 .  d 6
M) C&! @&  c`# - d6 H( 5: H( -  - d6 H( 5: H( -
.6 M n! ! < M) C! 5  "
0  -( F  M) C!
0 5 
()
&  
6B 98 - d6 H( 5:   G6 
. 8(  6 E !
) g 
F#&
 d!
&: F
-& 98( F#B :
. "

 #
 98( F1(" 6
 :
X

& d&  F&  
- 
 8  X
' . 
0.- F8 
  #


E$: &Q3 [L 1
aP ,@A*
 & ' () 67. 2
a$/$: {8 A & Z0 } B C / \ K0 NR  "C e ju "l  Z 3 3
$#: 9A 4
:t@ 5
{a : ,@A*
 & 'L () . HI } !a _` ]MZ •l F;0 U h 
I' 6


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 


 (%' : H( -
 : FX 

 
 
 - d6 H( 5:  ( F#B 
 
@X&:  d Z
 0( ": 
X E !( d#+ ! : 
. Q L F : " : 
. #
 $%'
."d 

:
4 * 5
4 (  .; )
( L :  
( 9'( I 0 6 ' $
6 5
# d
!- H( I
R&   d  Z(%  X  #- (%' 8Q ( 
8#( L :  0+
S ' Z% c
#! Is( G(  @( ( R

 `# I( G Z% . d!
:
& @
( Q C-A(  @( ;:( 6 Z1   #- RMP0 (% Z% C
) '
.@0( @C-A( ;:( Z# 

:
4 4 ( ; .; )
^:@!
A(
0 :>( @6 `1
8 @
(
.9  56 @
6J F
 J @  @
 # ^
.$ 56 @
6J
0 F
 J @' @
 # ^
.(! 56 @
6J
0 F
 J
) (! # ^
d (%J
 ( 6 g ,
06 L.# eJ @8( @
 # ^
.d1( 6 `8
6 ' dJ g 
 R(

%P/# ¢4* 1
aPVP/#
 
 
 a% ,@A*  & ' () . 2
a% 09 HI* 3


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

:
4 4 % (< .;)
^:' 
 @ R
0X( 08 6 @
( 


0 # @    d


X X $K #- N%( ' :?"( ^ U
@&
( &>( & d @
 ( j:#
 ' :
) 6 @
  @
. # 
.@g!( @ ( F(
(  7j: M C( c(`( 
!B
'<
:W0 4 2
5&
&6 @&
&M d&
&   & ?
) &  d&
& & ( &
&  ^
.d L:#(
.d8  
)    ^9
d&

& ' :(  @'>( 
 (   # Z% :( ^r
.`( :( # 5 +#-   ( >(  d
X X ?(
^:

0 # X( 9
8A( ': X( @K: /r
 %J .@
#  @!(: #
 $
g 56   2 ?(    ^U
.$
g
J $< ! 5 L:#(    L(
.
0X#  6^_

:@

 ## @.# 
! ( x .a )
. X#  ( . 
0 L:#( # #( ' :@X( @
(.U
9&
8 & .  X ( . 
0 L:#( # #( ' : X( @
(._
.?(
.8   8B @
( `8.r
.@
  (  @:.a
.Z% !  0 @ - ! `
'  !# `8 %J @
( F.#.w

47 ; Z (T _ZA3 AlaPVP/#


 
 
 a% ,@A*  & ' () 1
aP#!/# 0 HI Z<0  E! D 0 HI Z<0  VP D 0 HI 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

.Z% K ?( $ X 


 $<    `8.x
.( !  (u |-  `1
8 X6 @
(.W
."8 #( `8.\
. 
8A
 @:
I( 8>( 
!
06   @
(  8‡ @- 
.V
:@
( R
0# (.U]
^: #s(  €NB @
( X6 0# 
.|-( .
.`M < `1
8 X6
0 > d ?( `6 ' `( .9
. @'‡ ( ! ( X .c
.?( Z 6 d ( cI .
.@
(  GK( R
0# ( .$
.
0 / "( ( ZC' .


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

"
 # $%
& '* : 
!
()
=M  L+ 7 /
4  Q M 76& L"N ( < . )
B&#( 
&  D  0(   @
g( @K: # 6
+ !# e -
^:  #
. --P( d  N%( 
( S  .U
^: -. 5J -X # 
6>( E!  '  0  P(
0  #( B#( 
-.
. B#( @2! 
I ( J •
. B#( 
-. 
+#-( ( J •

 N>%
PE  N+ Q C ( .< . )

-. @2! 
I ( J  @
( @K: 
8A( @K: # 

0 %IB 8 
X @2!( 
I ( u --P( 
.  6 B#(
  L d   Q () !
) K 8>( $%' #   
-.>( $%'
:&( &#  E!
( 2  .
'< ( L:  ( !   d 8
( E!  ->( ' 
-.>( 
) 6
 ()R`8 8>( #  '  @
+(

) 6
& ()R`&8 8>( #  `(8 T N%( N ( , #  .  X#( d
$
 @  (   !- 
A( dX N%( Z
 
A( N   Z%  SBM

&A( N  Z%& .`1
8 (%': 
. L: 
  `(
:! 6 1-
 6
) 
 
c
# A(  S -
 `(
:! #( : `(8 d # N%(  !  !
 T P( > () . @ 0 

 R `8 F
 J 8>(  
-!
&!(  X(    @
( N  , #
) g (%' . B#( -. ( X
.cI( @:(  LC#IM(  6  8‡

a%P/$ 8 & 8 A & Z0   hs 8 Z* ';A  Z< (0 &;Aq " 1
!%/V D <^ _` & Z0 H^ A & Z0 *    K j ¢4* Z` (0 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

 N>%  Q C (  .< . )



+#&-( ( J 5&6 @
( @K:  
8A( @K: # E! 

X!#( #!# %( 
0:!  2  @
!( $%'  8>( u B#( 
-.
( J 5&6 @
( @K:  
8A( @K: # @8# j:# 
#
 .d 6 
& F- Q 
+#-M( 1(6  '
-( 8 %I , B#( 
-. 
+#-(
 
-&! .C
) &: 8>( 8  6
0 6 n#  . #( @
08( 9- 0#!:
()&+  C
) &. - ' L K E ! J P < d6 :!-

&8 (%&'. 8>( 06 ,g# 
#
 
-I E ! 
#!( 6 C
) g (%'.
B&#( @&2! 
-. 
+#-( F
6  @
( @K: 
8A( @K: #
&6 C
) g Q 
8A( X6 # , # 8>(  @
08( 8>(  @
08
0
.--P( @!: X!##  
-I( FXX!# (%J d
( J 5&6 @&
( @K&: 
8A( @K: #  
-( -(  <

&1
6 & S& 
-&.>(  %IP# 8 
X B#( 
-. 
+#-( F
6

&I ( u& @&:
I( 5>( 8‡ L
g#   @
!( $%'  
+#-M(
.
'
+#-( #- #( 
-.>( X#  %IP#   B#(  :

X X/% X0


4 % Q M 6& I"N  (  .< . )
=M
B&#( F
 &I 5&6 @
( 
8A( 5#K: # X# Ng( 

+#&-( F
&6 ( J B#(  : 
I ( u #
 Z% C-A(
C-A( B#( F
 I 6
0X# 
( X#(  # 5#! B#( 
-.
.@1
X( d
8# L#I 


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

:
4  Q M 76& L" (  . .< . )
B&#( @6
&: 5&6 @&
( 
&8A( @K: #  E!
( T
^: 

0' F

8M(   (
0 6 n#  C-A(
@&
( X6 F
g
( X6  X6 @
( X6 
8A( X6 (U)

&! , # () X6
X . 
0X# FC
( X6 
. @6( @!
(  @- @
( #  @C-A( @(
& @&8#
( @(   
8M( @K: #  @8#
 ( 8>( (_)
`
&!( @&
+ &#  --P( j
: @
( @K: #
@6
&: ( & 5&J I7 
 
( S  NK N%( N
+#-M(
. C-A( B#(
9&< u&  B#( 
-.  %IP# @(  8>(  9- (r)

` 0` 0!
: @(  8>( ( `#   --P(
 +## 0#!:  9- C-A( B#( @ F
 I 
# (
& 56 ( 9# (%' 0  1
( 8>( 
` 5J -(
 &6 j
: d 6 n# #- 
# M( (%' # (%J
 .C-A( B#(
,&g( 
&#
 N &( N
:#.M( ,g( 56
) 
8J S #
^: > Z% ( N
:#.M(
@&( --P N
+#-M( `
!( 
`  # 8>( 
` ^
. 0->( @! '
B#( 
-. G
I ( 5J N P# C-A( B#( 
# ( 
` ^9

#
 @ B#( @(  0  P ( ( 6>( #
.B#( @# G
I (
P&( @:! 
` 5J N P# C-A( B#( 
# ( 
` ^c
u& 
-&I F+ &! (%J 
X
  B#( G1
(  0
. . ( 
 
 . #- 
-I(  0#:!


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

`&( @X# @
J 5J N P# C-A( B#( 
# ( 
` ^
5&6
&#6M(  X#( 
#
 F

#!M( 
` 
(
.B#( 
6J
&( ( &6>( # 9- C-A( B#( 
# ( 
` ^$
C
) X#- I( FM   !#  C-A( B#( @ ##

) &X -&#( @-& # Z% 


-(  g 
. Experience Rating I
@&!
#( ;
( 
`  # C-A( B#( 
# ( 
` ^
@&2! 5&6
) 
8J S 
 B#( 
-.  
+#-C
@K&: &# @&
! & 
+#-M( 1
6 
` B#(
@:&! ,##&- B#( 
-. 
+#-( F
6  @
g(
k
&#(  X( 
#( 9- ^ 9
g( 0#: – '
-(
k
& 
&#( d& 6 n#  N%( 
+#-C B#( 
-. 
. 
+#-M(

) #! G1
( 
` 5J N P#- C-A( B#( 
# ( 
` ^`
. ,`# 
X( G1
(  
`( @:! 
` 5J 
#


) g @
( @ `I(
0  #-# C-A( B#( 
# ( 
` ^k
^:  6
 56 G N%( (C+ @K ()  g( - ( .U
. B# @X+
, &# #( B#( 56 @
.(  L(A( - ._
& @+  (
:#.M( @
( @
( (`
.F 8 J  B#( 6 @
.( @1'
@& `I( N%&K# d!
 FM  
+#-M( 
` .r
&1(6 & k
>( @g %I  6 @
(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

&#( @ (  d M)  Z% 


 J 
+#-M(
.@C-A( B#( @
'  !  #
( J 5&6 &8>( 
&` B#( 
-. 
` .a
& B&#( @'
- 
` 5J N P# Q
'
I
.@  X( n#
(
F# N%(  X( 
` 5J N P# B#( 
` Z% .w
.,#8( +  d#
!
5&J N P# d#( (J 
#( B#( F
 I 
` .x
& &!( 56 ( 
#
 @
(  `(

&( N#-( 56 @ (  @
( @
.c
I(  
( 98  6


&# ( 5&J N P&# &&&C-A( &&B#( 
# ( 
` ^

&0I 
` 
#
 d @X#( TI>( F
&& I( 
# (
Loss 1
&&&-I( @-# F
1'  B#( R
- Z% +
 R
>( - 0(  F(
-( @
:  Adjusters
F(
-&( @
:   Z%  I  @
6 @: @
:(  
.F( ( FMM( `08M(
@&1( &6
) &
8J +P&#
) &6  B&z#( 
 ( 
` ^T
L&!# #( 
I( !## #( F
K#( # 9- @
+#-M(
.
+#-M(   d +#-( 
X(
@& ( F(
&: 
# ( 5J N P 5C-A( B#( 
# (^Z
.F(
:( @:! B# F
K# # 6
-M

5J @
gf @
 t # Z% @
( FM   !(^
(& & @&#( @&
( 

( @.
( `(  !(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

@&#I( F
 I( F
6
:( F(
8#( ' (  ,#8(
F
-&-P @&6
#8M( @ #( @ (` 56 Kg( X 
#

.Z% d

 
`
 NI( ( 6 (

& @& X ( @-
-( 56
) 
8( S # B#( 
-. 
` ^
@g( @#(  R`8 9!-  6 Ig#(  !
 #
&#( B&#( 
-&. ,  9!-( (%' +# ,#8( 
T & &#( @-&( d8# 5J @
gA
 (%' . () X #-
: Z% 
+ Q @-( .  d8( 
+#-M(  B#( F

F
6& # 2
!  
+#-M
  @ (`I( F( - R(
@&6>( &
'
+#&-M Z ( T 
06( J  @  @8
# J
F
&( 0&- R(& & &6  @#I( @
+#-M(
@'
-&(  @
( (>( - , @g( F
--P(
& .@
:#.M( 
6‡ F
1'  ,
:  F
 S-B# 
& N P# B#( F

0 X# #( @
+#-M( :( $%'
@& X ( @#( 
0!- # #( @( L2# 
6J 5J @
0 (
& @g( @(  `#
'  #( @8
# J F
6
. 
Fg&I (
0  G( (`
  I>( $%' F
 I( ,-(
.Ig#( @- G
I ( 5J N P# @8
# A( $%'
'
-

` 
#
  B#( 6( 
` 5J N P B#( 
# (^

'# I( , 
#( '
 
` 6
:( >( '

.Z%  @ I#-( 9
->( -!#


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

:
4  Q M 76& L"  (  . .< . )
F
- d 6 n#  B#( @6
: 56 @
( 
8A( 5#K: #  E!
( T
:

0'
 8>( 
` L 0 
# M( 
` --P( 
K ( @
! (U)
0
&<J ,& 0#:! 
` 
#'M( 5J Z% ,  X @(
 B#( F
6 @
. g 
+#-(  0 P( j
:&
. 0 P( 6 @  ! @
!
 B&#( 1
&+ 56 @(  8>( G N P-
) . (_)
. B#( @# 
` 5J F
 : DNB

4  Q M 76& 0 Q  ( < . )
&8>( > Z&% @&
( 
&8A(  z 8>( g
' 
#
: g 6 C :( (%'
8 . #K:(   !(
0-- 
00
. .@
( 
8A( #K:  d#'> 8>(

Q " R ! ( .< .)


:16  R ! (  . .< .)
F6
 ' 8B 8  
8A( 8
08 ( 56 "R(`8( :"8>(
d&: &8>( $8B $8B H( $8 . Q9(+( ' 8>( 6  8 
 d+ N ( 8B 5
# H( d#+ N (% d6 
) C F8   .9(+(
.N ( 9(+(  #-# 8>( Is( 
 ( 
8B#-( N4 #/ "( O8P( N
( F8 N F#J Z% R((
) g 8>(
. (%' . 8P( T #/ "(

.E m0 a$V š› œ; P/a F< &9 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

: =N&$ R ! ( . .< .)


8B#-&( d&  N%( G( " ' @C-A( @( R
0X 6 8>(
d&6 &#(
& & 5' 8>
 . "d 
'%IB #( @ ( @
X  8P

( 8 %J .8>(  d (##   L( d T8  ( .
#(
...(%&' 8P&( d&  N%&( 
8A( ; ' ( ( 9!
: 8  .d#( '
+(  @ ( +
0 >  @. d
 M)
 #  8>(  #
."$8 d" ()8 8B#-(  " - d6 H( 5: dX
)   e
& 0#C
  S
( d6 L
#

) X 8>(   j:
: .
 ' L( 5J Z%

#6( d (  L(
( & . !( d&6 (%
YM  GZ" Q  (  .< .)
2:YM    GZ" Q  ( . .< .)
& S
) 
)  @  ! #  ` 8>( B Q
  X#

  L&   &6 &
X >( (%'  6 Z#8 X# B Qc
# A( g
& 
&+(  (
 . d @g
A

 @8
!M  (%'  @ X  ! 

+(  ( G#- @!
-( $%'   . c
# A(  R `8 #  ' 8>(
R `&8  c
&# A( &  ! R `8 Q c
# A(  R`8 8>( ' 8>( 
.d  


&
( &( 9!
: 
#(  +## c
# A(  ! R`8 8>(  !# @
!
&!(: ZX Q@+ Z% R
0X( % . .c
# A(  m ! ()R`8 8>( #  56

VV &98 NQ3 +3 O; OI tM +3 (0 (MZ “u 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 



81#&-( ( @
I ( 
X !
 
X(  .  NC @-I jX( 
)   
. 8
 ‰
-(
@
( L
!>( 
-( ' 
0   
8A( $%'
- X R
0X( 08
 6 , . ( ( X 08( 9- 
8A( $%'
- ' 6 @
!( 6 j8(( X(
. X( 
! 8>( ,

&8J F-
0  
'`(8  @
!( R
0X  @1
 @'
2( @
(


&06 c&I &#( @:&(  LC#IM(  6


'`(8 (#( @
( 
J . -

C cI( @:(  L#I( u . d 9!(   )
1   () 8 dB Q. (
.K( 9- `8
&08 8>
  ( R`8(  56 ( #6( `(8(   1
X( N ( 9
!: %J
`(8 1
X( 
+( N ( 9
!:
 .
8A( C ' 6 !
 (%    <
&0 < .
#( 6  $( X 8 8>
  ( R`8(  56 ( #6( X(
.@:(  LC#IM(  6 @#!: (#(

YM  *-5 GZ" Q  (  . .< .)

) 6
& ()R`8 8>( #  56 ( 9!
: 
( 
#( @
! '
.Z% !  S -( ,( E+(  L: 
 c
# A( 
G @
( L
!>( d+  >( N (Q.`8 < `8 5J :GHE I 0 S
&#( @:( c
I( ( X  M %J 8>( @
08 @
 
8A(   %J Q @
(
.
0  cI

`Z o¥Ap h N¥A*0 `Z o¥Ap .


pK¦
¥Ap
c= §7  
m h ¨ §¥ 8 .`Z ( N¥58  1
.[04 h [¥A NI 04 Z<0 F;l U @3 [;7l _ M © > QT
A Ž'
7' h
0 (3
ª [< 
V#/ :F< &9
 0 HI 2
 HI* «8 3
 HI* «8 4


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

`&! &( &X @'


2( @
( R
0X G @
!( 08 d+ 
+( N (
.CA( 56 `(8

2:! =N""   ] S\  1%  [ &%
%  . . .<
&6 - d6 H( 5: H( - 50 :
.
0 6 H( g 6 ( E ! .U
&! ' 
!( "`4./  .
!( `4 4./ 6 H( 6 d6 (` Q !( 9
4 e-6

 8B#-(  .  6 ' , (  ' 6 9-( d !  d  R`8 
(
.8>( d8# 
 R`8
0 %J 
 8>( -#
5& 8B#-&( , 
) :
I 8>( 6   
8A( @!:   J ._
.d8
# J  R`8 d#8  %J d6  8>( ,#  @
!( $%'
H( 5&: & ( 6 H( 6 6 n I  ,( 5J () - T E ! Z
' .r
H( &-
& & 
&X Q(%'  : 
X d86B 1
!  d - d6
.((d  R  $8B#-#M )) :
X d#8B#-(
 d&++ Z%  M  X < c
I( L: > 8>(  @
08 Z
' .a
&X  
0
08
# J @X @8I#-( 
( 56 L.# (%0 d
.c
# A( (%0
7X / ! Z "   ]  1%  [ &%
% %  . . .<
&:%( Q &
c&I
 Š I ' 
6 d - d6 H( 5:  ( 6 N X .U
H( - 56 )) :
. d 6 H( g H( 6  ,
N 
 `  + 

& &0
&'6`
'  56 0( I - d6 H( 5:

.Nq  ŽA< Nq >193¬ $#/ V h — = 1


.& 90 h 2
$ 0 HI 3
.3QR ]MZl ? h  4
.t7A ŽA< 6 5


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

,
$
- R  56 T# F
 (`(  d+ ! 6 ( ( .
0  cI

.(d2! M

& : 
. 8 ( 6 -  S.
0 #( @  ( ' @
!:( 
I ._
& " - 
p 6  (`  Q ,( E+( 56 6` M 8' F ' @  

``( &6 & 6 -  H( 6 & t
.   - ' & Z


.- ( 6 o 6 o   o 6 -
X(
c
# A(  

 8>
 Z% @ 8>( #  
8A(  # .r
$o (%J (  56 @P( d- N%( '
 . 
( > @
d&  c
&I(  .  LC#IM( .
( $ `8 6
) 1 6  d6 X
N P&M d > g M #K < - LC#I( ,
06 cI #( @:(
. X( % #  ,  M
 (` 5J
&X &I ( 8( n
  SB M" : 
. d 9-(  - 6 N .a
."m
1 d    
  ,( E+
 d6
S -& &I ( : `( :!  SBM : @(  ! 
A( 
. .w
d&6 X $ '
 (%J d >
0' R
8
 J @
X(  OJ 9! ' d  cI

. 
)  ()8  
( $ `8 6
) 1 6  @P

&(  !- 
A( @( !:>( S  Z
 
f T( @  
 R
8 .x
&8 F&. J F  :
. d -
.  !( 6 
A( 6 I #( -

%$$ _` ]MZl xcM %%!# _` ]MZ OI F T h¥ —qm 1
. a/V h — = $ a 2
a$P/$ hs
8 Z* ';A  Z< (0 &;Aq " 3
# 0 HI 4
%E$ @ 4 _,< @6M  @<6M Žy Z7­ h N¥A "7 5
!%/V ¢4* Z` (0 6


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

d& 
. u ( F. ) Z
 6 `1
8 Z% ( 
.) d: Z (%' 6`  :!(
.Z
 6 `1
8 Z% (
.) d: Z (%' I :!(
`
8
 .
) 6
 ()R`8 # e 8>(  - >( `! ( 
A( 6 `8 .W
`&8 Z% . E+   , d  5- R`8 n-  `K( R
6J : `! (
 ,&8(  

0 !"
 5- R`8 @( (  @ -( R( $ 6
R
6J  R `8  
 R`8 
I 9+( R
6J $ 6 `8 Z% `#
. 
0  R`8  K( @-(! 6(( 
81#-( d  R`8 ! 
(
d&  0 d( :!#  > E !# 8 6 @# ( 
A( 1- .\
 d ' ' @1
 ' L  6 @
( 6 X( d:!
 (
...q! d %J K  d %u d#
 d#
! @
!  Z% 6 `
#
C
) &# d&  
 d . >( 
 J . 
( 9 H !(" : 9
8B
!#-& Z% d ( d J L(  g#X N%(
#( d8( 56
) X
." 6  2  (
4`&4./ " @B-& ' 
06`  R`8 @6(` G>( 
81#-
 : 
81#-M( "
&X "
&!( `4./ 50 d " : - d6 H( 
:  ( 6 X  "
&!(
." <
`." E ! ^N ^d### ? J 
X( ( 
. "
!( `. "E ! #
 .V

) &  "
 &40* " (%'
J $ 8  F
((    . ( ( 9
#  " 
!(
9& & 
&' $
&-J  ) Io ,g  
X( ( 
. Q 
5
(.  d+ ! : (` '%( 
. (% . LM

a%P/$ 8 Z* 1
 !/! › 2
.Z<0  % VE/$P Qp (0 h  = 3
09 HI* >9 Qp (0 [® " 4
$%/#^  N8a/$ ¢6` Z ŒA # &98 NQ3 3 OI 5


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

`&8M : (
&. %(
  ....) :X d R
8 @# ( 
f Io . .U]
E &!( (%' : 
X  
!( `. 6 - d6 H( 5: d0  
8J Z%

J $(M   #( E !( 9#  R   ' S  d : M 

>
 `I `
I M 8>
 ! 
!
0   @ ( @  (  @1>( 
.8
5- 
 - d6 H( 5:  ( 06 56 0   @  ( ' Z%
 c(&I( 0&6 9"g  (( F!#
 
( (%' E !
 J  `X(
. - d6 H( 5:  ( 06  j#  (


& J . - d6 H( 5:  ( C  S E !( (%'   $< (%'
. '
0#8
 M) . (%' + <-M %( .(( G C '
: 5- R  6  Q . (  
 R`8 (#( 6 d0 d S E !(

) 1& 
&0  @&X @6(`
' !>   @6(`(  '  "`4X/ ( '
.  -
 @6(`( F
 () X
&( ,&( E !  - d6 H( 5:  (
0 6 50 #( @6(`(  (%'

0  @X ` G>( D9 # (


 0 J ": d6 #( d+ !  n I
. Z% 6 - d6 H( 5:  ( 50 
!(  
K( I( ,   $ 6 `8 ! 
A(  @# ( 
A( X .UU
& Z&% R
8 . 
( Z
(  R(( 
06 T
  5J 
8(
 X:&( d&
:
 ,   $ 6 `8 $< P(   - E
!
$ 6 `8 .
0  :!
 
0
:  5J
'< 1
0( Z
(
& 5J . ( Z% . ,(  E+( d 
0 !  5J @ !( ,  
& ,8(  R`8 
0I  5J 9
+(  d`K  5J `K( d !

&' & R`&8


06   5J @
( ,   $ 6 Z% R
 (
.D`X(  R`8( d d I d  5J ( `X(  ,  
0- 

$: Qp (0 @A ¯°  <0 S OI ¢<M 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 


& ! &( ! 
A( 9'% 56 @6( 
!>( @8 9
# R
8 Z% .U_
R(& &  RC( -
-( 
81#-( " xwW . 
( 
(

&.  C
) + j!:
'!  @1( @- 
 @  
- 8B @6
g
.j:
) 
) 1 L   d 8 (%  #( 
--
&: `&( :! 
81#-M( `8 " @8( 9
# S  xw\ 
( .Ur
 X Z% 
81#-M( `8
 SI S - d  cI
 ,1
 R`8 I (
. #( `(  

&06 &  @( ( , `8 " @8( 9


# S  xxU 
(
) g .Ua
8B&
06 !  dJ A( 9!
: ,  C
) + .
0!  
 R`8
. j:
0#8  (( L: d   56
0
&08 eJ
0# '
& # ,( !  @ ( 8>( xwx 
( Z% .Uw
.
' .

 
&8A( c%& # @'
8 @C- E!
( T  X#( -( (%' 
 
( --P( ' 0->( @! 
#6
 B#( F
 I 56 @
( c%
Z&
(  8B#-( B#( @2! 
I ( J   N%( (  8>(
5&6 :! ( A( $%' 2  B#( 1
+ @! 0 P( ' (
T&8 N%&(  &X( 9-! 8B 0 P(
0  #( B#( 
-.   .

&I ( J  @
( 
8A( 
2 # 9
8#  ( .
) - $  !#
( %_] ( %Uw &# &. C
) + @1 @- '
-( %IB B#( @2!
& !# #&  E!
( T . 0 P(
0  #( B#( 
-.  %_w
#( B#( 
-.  Z% !   ( L:  (  S -
 8>(

&-M d 6 E !( 5g N%( ! 


A( N  56 ()
#-( . 0 P(
0 

;0 _0 F; Z3 .  NA (0 ZY " >? 3 3 " e F T h | Z3 (0 ZY 1
%aV D ! B  <6 ± 3 ZY _0 ZQf . &Q


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

OJ 9! ' d  cI


 S - I ( : `( :!  S
 M " d.
& 56 ' @P
 d6 X $ '
 (%J d >
'
' `
8
 J @
X( 
."
)  ()8  
( $ `8 6
1 6  (
, &
& ! QB#( -.  ( L:  (  S -(
.
'
S
.  B#( @
0 X# #( @ ( F(R(8A(  B#( -. d P(
& 6 X(  d#
: $( X
)   N%( -X( ( X  !# I

& . (%J .&K( Z%& @&


08 
#( R
# M( @( $%' 6 n#  Qd(J
&8>(  !# Q (%'
!
) X B#( @2! 
I ( J 8  !# @ 
X
 &8 Q  ( c
# A( 
 5ˆ c
# A(  
( R`8(   G>( d8# #

M
&  ()- 
 J K(
0 c
# A(  
 R`8 8>(  !# @
!
( &X(  %J .@&#( B&#( @2! 
I 56 8>(  !#  K( 8
Q
&0 < M @
08M
) 
#
) 6 
 B#( 8  !# @
!  @:(
 ,&(   E&+( : Z&. ! c
# A(  

 R`8 8>(  !# 
J
.(- (  J K(
0 L: (
( J 5&6 &8>( # @C-  dJ
:#
  E!
( T Z%

8A( # 8 ( L:  (   S -( !  B#( @2! 
I

&A( N  56  #-
) -
) X# B#( 
I ( J F
6  @
( 

& ' @
(  
8A( j:# Q(%' ! 
A( N 
) X Q $% L- N%( !
.#`1
8
S& & Z&
 
&f N  $ - dJ
:#
  E!
( T
g
 !( 6 
A( 6 5I #( -   !- 
A(
 dX N%( !:>(
"T&( @  ( " 
( 9'%( 9# '  # N%( 0( d
# 5 -
.
!&( &6 
A( 6  !- 
A( :
. :
. %J Q
0 6 E !( 5g #(
Z& (%' 6` :!( 8 F. J F  " S  Z
 
A( 6 C
) X -
X(

!%/V 0 HI 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

) -&-B# . "Z
 
A( 6 `8 Z%  -
.  !( 6 
A(  d:
-.  @ 6
 8B B#( @2! 
I ( J u Q(%' Z
 
A( N  56
T&I  
A( ,
) g `1
8 j:# @
(  
8A( c% 
X B#(
 B&#( @2! 
I ( J 56 8>( %I @
! 
) 
# #  K(  5J
 -( K( @
! F`
8 (%u Q - <
0 d:  `(
:! @
!


I ( J @
!  
8A(   . ( K( @
!  ()`1
8   5>(
d& 
& 4 &( L:  (   S -
 8>( 
X B#( @2!

&( R`8
& @
(  
8A( @
!  @
 + j:# C
)  d  P(
.G>( d 8#
  c
# A( d #B

& @&
(   
8A( c% #   6  E!
( u Q  X#

6 %IP# B#( -.  ()R`8 8>( #  56 B#( @2! 
I ( J
R`&8( (%&' & B& Q)CX#- d:!# 6  B#( X6 (J F. d
@ ` (%' .C
)   ( B#( -.  ( L:  (   S -(
&#
' & 6  &X( (J F. -X(  ()R`8 %IB#
0 B #  B#(
 
&8A( k% # j: 
#
 @: ( X @  8 8>(
#( $  !# # L B#( -. > $`(8  k . M
) -
) X# @
(
.-X(  %IP- d %J )
 - "( L:  (   ( d6

6& I"N 
X/ 5 G K " (.< .)
C-A( B#( 
2  @&
( 
&8A(
C&-A( B#( 
2  @
( 
8A( #K: # ! E !(
  X#
.B#( 
6 9
##( ( J TI 
  B#( 
-. @2! 
I ( u #

&# @
!  8>( 
X "--P( " 0->( @!
0 X ( A( $%'  
.@
( @K: # @
!  @(  
8A( @K:

a$P/$ 0 HI 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

0
&. &2 &' 1
( (%0 @(  8>( ' '
- 1
( 
 R(-
.B#( 
I ( u
# ! P G
  :
( @C-A( @( R
6 L#I( d
J
F(& d&  -& ( C C-A( B#( 
2  @
( 
8A( #K:
LC#&IM( (%&' @&'>  &   B# G
6  @g
 F#
01g 56 @6
:
#( ! ( 56  ( G#- 
#(

0
X4  Q M 6& I"N 9 ! 1] 1%  :$# % (  .< .)
:=M  L+
/|( g( >( !  :( /|(:
' C8 

6 $
# N ( (%'
( FC
( dX 
0 `
0 

( (%'
06  H(  5!`( @&'
.C-A( 
( T#- 56
@!:  6
0 O @ 6 @ 0X T#   : N%( 
( ' g( |

UVxU 
&( & Z% 
 K( @ 6( 5g#X d#
I N
8?#( B#(
@&
8 d#2    X6 N%( @# ( 
80 C-A( dX( - F

 CI
.
`(&8  &6 56 Z%   @ ( R
0X( R(o @0X( ,
8( FX#( .
0&-  5&6 &g
>( @>( R
6   
J K( @6 9- N
8?#( B#(
H( &6 / |&(
) 
! d   d #( . ^H( d!^
.`( 5: ! /|(
.d
  H(  , (
d&X( B& #&'( N%( dX( '  5!`( @' /|( 0 
+( 
(

@6&-( &( &# N%( d#  C-A( dX( dP $
+o   @
6 @:
& @&0X @g&.   ! E!   6 9
 ?
0 6 5
ƒ < M #( @0X(
d&X & @&X( @
6
) # d#g L
 C-A( dX(  @0X( 9'(%( L#I
.B#( ( FC
(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 


&2 & @
( 
8A( #K: # G
( d  g( |( O .
B&#(  &  d& . . " B#( 
2  @6( F(
#6M( " (  d+!  B#(
&>( B&#(
&!#(
02 #(  _]]a (  I
 F X ( #( 
#(
@& @ ( -( B#( 
6J B#( F

!#( ( B#(
!#( N-o
C&I & g( |( dJ 9'%
 @' |(  . B#( 
6J B# 

. ( F(%  g( |( E! 56 dX#
:#s
 0 N ( (%' tI

&2 @
( @
!  @(  
8A( @
!  8>( %IB '
-( J
@(  8>( > 
ƒ Z%  > `8M (%' B#( @2! 
I ( u 0
.
u Q ( % # @X#( F
(`#M( :I  B#( 
-.  '
-(
'%IB #(
& 0 &  @
 @-  '
-( 56 d`# # @( ( 8M(  X#

!#-& N%&( 08(  X  (%' 
( S   < @C-A( B#( @ 
 S 
d j 
 C  (ƒ8P d- 
( S  j: 
#
 @(  8>( d8 

& &# 
81#&-M(  (%J . - 8(
!#M
( @6
06   @6  8 
& &( 8P( @( 8>(    
 ' @(  8>(  
X(
.
(
0 @( $%' j:# 
#
 
( ' MJ !( S 8
:
( 
`(

gX 6 @+
+(  ( CI (%' d  g( |( O .
 &: ,& 
&#
 F( @
'X 
` @
( @6( @10(
0#2 #(
&' Ua_w : UU – \ #( CI I( 
) &g F X ( #(  ( -( 
`(
!  <  
#-( 6 # ( 56 $D   _]]a / /U 5J S
/_V ((
@&( @&( A( F
:&( ,&8 '
-(
0  ,  #( @(  8>(
5&6 & @&(  &8>( $%&' & 5X#
 )( 08 # (%' @X-#(
@&
! & @(  8>( $%'  5X#
  T   g( |(  < .-D-P(
@(  8>(  X#( ( X( @-X # -X#( (%' u Q '
-( 56 d-X#
S  j:& 
&#
 
( S   @'
-( @:! 
) g 
( S  ; 56
$%&' d6 !#- @ B#( @(  08 X  
I( !#  ()8P 
(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

@&8# --P(
0!#  :# #( F
:( ,8 > @( Z#  8>(
, &M
&  8>(  @( @-  @I( #
) . @ B#( @ 0#( J
& 
&( S  u @XX!( $%'  <
 F
:( $%'   . N 
( S 
."
X C  < " ' ,g( B @( 8>( 
) : d6
& Q!`( @' |( d $ P g( |( @g $( N%( cI(
L
&#
) &
# @
- @(  8>( #  @
(  
8A( @K: # @
!
@
 B
 %IB   @ B#( @ 0#( J 6 --P(
0!# #( F( 08(
& 0  z @:! 9-  06 `#
(  @ B#( @( ( J  ' 08 2
 $ 6 #( – 

( $%' , #  ' Io  , 
D( @
) 
# 
( S 
M 
&#
 @& B#( @ ( ( J  C
)  
 %( --P ^8>

0#-#
 jg#
'  .
D( @
) 
#
g @ #( @( ( J  Z
  '
- , #
0#'
-& 
X F- 06 
X --P , # @ B#( @( ( J 6 8>(
Z%& @8#  
( 56 S ( 56 8>( j:# 
#
 @( 
 S  
.
D( @6  B#( ( J @6 -#
56 @
( 
8A( K: #  8( I(   tI '  X#

5&6 @&
( 
8A( #K: # d8 
g

' C-A( B#( F
 I
( u& #
 B#( F
 
) 
! ( d6 '

) X C-A( B#( 
2
& @1( @- 
 8>(  !#  @+#( @
08( @ QB#( @2! 
-. 
I
#& -&-P( 56 @(  8>( X# ,`# >
(  @( B#( 
-.
. 
( S   0   @:! @- J 
(  X#( ;( @-X
&#( @( >  !`( @' |( Z%  $ P g( |( N Z%
@&
08(
0&# B#( 
-.  @1 @-  @
( @6  8>(  !#
0 #
.j!: < @( $%0 @
(  
8A( # j: 
#
  X @(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

LX+ 7 /
4  Q M 6& I"N Z " 1  1] 1%  (  .< .)
:=M 
  @&
( 
&8A( c%& F
X# `(8 T T%( 5
+( ( T 

  8
>( @>( R
6  L  <  
#-( 6 /# ( @g d+ ()  !# @
(
<( 56 .5C-A( B#( F
 I  @
( F
X# 56 (# @+>(  9-!
,&.(  MJ  <  
#-( 6 /# ( @g T- 0  T> .  ,-  5 
@1'
0
J 
( 5 5C-A( B#( F
 ,8 > jg( (%' .Z% X F
X#(
&# @g'
( R(s( +# 
 /56 9.(  
#-
0  @6( @
.
:' T ( (%' tI
 .R
( @+ . 56   (%0 @
(
& @&1 @-   !# # 5#( 8>( ( X @X#( @
08( R
# ( ^U
6 , # 50 {%_]} #
'  !# T8 5#( @- ( > B#( 
-.
(%J C
) + . ! ; 5J @1( @- ( !## 5
#
 B#( -X  !#
#&- &8>( u 
 U]],]]] B#( -. %_] @- ( F

.Z% 5 @
08 M X( 5 @ j:# 
 _],]]]
B&#( 
 L:# @
# 5 '
-( 08 R
X 5' 8>( J ^_
&# J &X( (%&' .
) &
0  ( (%' T M 5
#
 5C-A(
 5& 2 T  B#  0 )@
# d 6 j:"   )@
# d 6 k
:A(
5& @&
( F
X# @C- @6  %J  5
+(  5 g
.5C-A( B#( F
 I
E !( 5g .
( @
0X# `(8   T T%( >( T ( S6 56
.T ( (%' 6
@&' 
#8( g! R
8

 #  <  
#-( 6 /# ( T 

&
# @ @6( @
.( @1' , ( -
 B#
( @6( @
.(
5&   &< & 
#-( 6 /# ( @g
0-  5#( 5
'X T
& 
#8A( (%' g . . ( !( ``( 6  ! /# ( @g
0#g6


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

! /# (  B#( 56 @


.( @1' ( J S8 S1  5 ( -( 9
8(
,&8  ! 56 @ o /%
#->( B#( 56 @
.( @1'   56 L-
&
# @ 9
8 
 .5 ( -( -
 @
( B#( F
 R(  
@& T% #( S1(  `  9 /%
#->(
) g 
#8A( g! X T
.T &
# @& T%& #(  (   ( -! ! / -( T 
#
(%&' g! 5 R
8
 '  I
 _]]\/w/a |
# 
#8A( X (
:5
 
#8A(
M( &g( g&(  :&( -&(  . 
#8M( @(  
@( A( F
:( T 
# @
0 n
# 5#( @( ' E! k(
:Z% 5 {0->( @! } @(  
&2 @&08
) (
) !  <  
#-( 6 /# ( |( @g  .

&(` &  d#g 


  g( ! T 
# @ @6( @10(
( A( T&K .  !#(  6 > @( A( F
: LX- ,g @- (  !#

# @ @6( @
.( @1'  L
g  5I%( L: @
 @% #(
. !( @- 
 X#( L:( d8 9.(# T
@6&( @
.( @1' g6 ( !( ``( 6  !( /# ( FCI(  F 
.
#-( 6 /# ( k 5 R
8
 @

( @% #( ( A( 5 
-(
@
.
( @10( S1 g( >( !  :( -( -#-(

` T T 
# @
0 n
# 5#( @( 6 B#( 
6 56 @6(

'  !# # 5#( %_] &( @- 6 @( A( F


:( 5 E ! . 
:X 
.
( @(  5
&6 @&( A( F
:&( F (` (%J d  <  
#-( 6 /# 
.
Z&# &!# 0&->( @!  : u 
( @(  5
'  !# # 5#( @- (
u&
' & !# # 5#( @- (  . @( A( F
:( F
 (%J
 
`(
 & 8( @- (  !# 5 Z% 
#- 0->( @!  : ! G1
(
.
X( 
( 5


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

 5  d u @X( $%0 ## @8


( F
 (% d g( - jg
.T
8#( B#( B (%' K#  K# @(
:5&#s( 56 #8( #( G#- 
X 

-&. & @1 @- T 
# @ ( J S8 !   SBM
@6&( @
.( @1' @X( @ 
( @(  5 @( A( F
: B#(
#-&# 
&( @&
0 5&
0#8( ##  56 @- ( Z# 56 @
 5&6 
&X( 
( F
: @-  P 
6  5 @XX!( F
:(
:5
#( ! ( 56 B#( F
: 
#

&`( $%&' u  X( @- ( 6 @( L
:( F (` (%J ^
 :&( L  (%u {
-.>(} 1
+( @!  :  %IP#

&0 u F
&
#!A(
0 L#  (%u  :( F

#!(  , #
.'
-( 
) g.  X#
5&J 8>( (%' L
g" X 06 56 8 ( A( S8 ,  ^9
M  {
-&.>(} 1
+( @!  : 56 !# 5#( L
:(
.0
-  6 R5 T '
-( 5g
X#
^: G1
( ,`# @X :
X( g(
@&! t
I ! G1
(  6 
8(  @6( @
.( #1' + #(
( d& d 2
#!M( @6( @
.( @1' @X(  @( ( ( S8 X 1
+(
.1
+( @! 6 .
( ` 1
+( @!  : 
#!u d  @- 
^:@( @-( 1
+( @! ( 
+#-( :E
+( g(
& NB& 1
+( @! ( 
+#-( ! @  6 
#( # ( #( 
&#   Z&% 6 1
+( @! , @( FX#( (%J
6 `
8( 
+#-M( ;:
@&! &#
&0 @( F!g .  
+#-M( j @-. @- 6
g( 
(
@&! ( 
+#-( 6 @8#
( k
>(  %Ww @- #( %_w @- 0-M(
.1
+(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

‫ﱠ‬  

‫ﺍﻟﻔﺼﻞ ﺍﻟﺴﺎﺩﺱ‬ (٦)


R
^ XX> _
XX6&
:R
^ X>" _R ! (  .? )
H( d&8 &(
0 K# #( @I( F
:#( 
6>( @ >(  *L.(
  ( G ( !
 ( 5#!
0-
#
#
#8 F(`
 C-A(
06 . 5
#
.d#( J L.( GK @1
. @! F( !  F((`
0 8#

:1X6  R ! ( . .? )
$( S&! N &- 5& d
  $( L. 
X S!( ' :@&K L.(
. -#(  S!#(
) g 
X D( d8 
0::I

:X =N&$ R ! (  . .? )


' . I( d8 
) . 8 `6 H
)  d8 Z(  R c(IJ '
& d#.  L:#( ,X d 6 R
X ,  d 
# M(  
 S! " 08( 6

) &X# – I   @08 56 d L:  ^ 8 k


 L: 56 $< L.((
H( Z& &! 5&6
) -! : L.(( Z 6 
( cI d6 . 5
# H( 5J
. "L.( @08 56 d #( ` d d:# L.(( 56 , # 5
#

:RX>
X/ 5 (  .? )
M (
& 0#'
8  9( B
) 6 @C-A( @( 
!   L.(
9( L6 
#
 CI>( 
   
 (-#( 0  <( 56 L.( 

P \<*
= ²;07 1
E#/P
 +
 +  . 2
 \<*
= ²;07 3
EVP /P
X +:
 +  . 4


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

 o &( F
 (%J " :
. d - d6 H( 5: d 6 E !(  R
8 .C-A(  L.(
@. :&( "d 6  j
:   d ,#  6 @
8 @. : :EC+ 
J d6 ,X (
.
) . R
0X(
0- #( ' @
8(
d&
0 6 H( 5g 6  H( 6 6 - d6 H( 5:
) g d 6 N
&- d&6 H( 5:  ( u I
) g (9
I(  6 5 ) 6 9
: " :
.
& I
) g F: ? J :H( -
 
X ^, : (%
 $#- T –
0 $B#-
F1& eJ :&- d&6 H( 5: 
X q
0  B#
 d  N 6 S M)
 . 9:
"
#" M
0: "
" M d < 
0 F. :# – H( - 
0#. N –
0: F-!
5X( N% R(X(  6
0  :# :
. *E " M "9'" M – T#" M eN –
 
&0  B 
0  56 – +J M eN – k
8 M Lg( -( (  9
.(

@&( & M)
&
&0  9-# < eN M)
 d  +B# < L

) X : 
.D#
d d 6 5
# H( g S 6 
I( T N
: >( @!  L. Z%
d&( 79! 
 I (  M)
 @  
 
: >( + d 6 H( g @!  
 :
.
d6 H( 5: H( - 
  8-( @X#- F
 – I  
#- – "R
!" dJ
5#! ( (
# e " @o F`
 – 9%6 eN ^ 9
0 R
  "9 
0I  -

H( &-
 :
X - d6 H( 5: H( - 5J @!  
. "!#
 (X #
"R
&!" &J 
 9! J "!#
 (X # 5#! ( (
# e " Z6 ` H( J
5
&# H( 6 –
'8 
'I 8 eN –
'I%
' 8  5
# H @. :
0 J

& eN – |
  :- d6 H( 5: H( - d 
X .H( Z( E! H( -

0g
&
&08#  T ? J F.
 F- . j( 
 Z% j( 
 Z% – (%' -!
d&&
.  @&! 
0& -X H( -
 Z% & @&&!  
X .>(

a \<*
= ²;07 %PV/V ³4* Z` (0 1
EVP/P
X +
 +  %E/V ^  N8 ²T; 2
% : &Q3 [L O; 3


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 


@&:
I @:& 9
&.>(  '>( 56 L.( `(8 56 3  E !( (%' . "d6  
L.
& 9
.>( '>( 56 L.
 R
0X( 5- . .@
6 @:  
( L.(
. 
( L.
 
( L.( d
.  d'  tI( d8 N%( ' '>(  N%(


0!
&:
0 5: #( "I" G F
 C-A(  L. @. :  J
@. :( GB L*# F
 C -( C :( d6
0. - d6 H( 5:  ( 5J
.%  ,
8  
 @  (   '  ( @  


:RX> X4 % (  .? )
:S\ ! -4 4 % R> 
N &I( 
&6> L.(  @. :( L. N%( tI( ' : L.(( .U
.5
# H( d8 d-!
.L.(  ,# ( ' :d&6 L.( ._
.
:!( kCD-( 
X( C
) + :L.( g ' :L.( .r
d  ()R`8 
 R(- d
J R( O# M
 :7( d 
#6
 :@&K:( .a
&. L&.( @!:& #& M @
!( @ !( 
J .  
. < 
)  d6 L.( 
 R(- d6 L.(

aV _` ]MZ F` +3 OT F0 ´¥ —qm 1


_
3 | +m | [; (3 [n
;` ¶< §9 ";M ¯'
A3 | +Ÿ _X ;@ X 0TX Z ; ˆKµ 2
; QT _
3 | +m | [; OZ39* ¯ )
;` ( >6= dM` (
·Z3 Fl ZX J ¯' Z :
 N=

T JQ= ? +I ' G 5§ 8X ‹w :
C [`
 NY Fl OZ3 «
0 N'Z=
83w ;0n=
A0 _@A0 Z@<
´X – ";@M 50 ˆ
º Kµ " : _
3 | +m | [; [= N ` ¸
A3 | +Ÿ Np` _
3 | +m | [;
t
- ` [ X §8= "MKµ " ¼
 +m X ¸ +ŸC Ž? _
3 | +m | [; t` »
A3 | +Ÿ ": Jw _0
.% qm \<*
= ²;07 F T (3 8 .": G
% \<*
= ²;07 3
EVPV/P
X +
 +  . 4


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

:R> ` X% ( ; .?)


:X/ R>
@&
 @&
6 @: I( 
6> L.(( d.
 ' :NI( *L.( .U
.
'
  

 S( ( F
#-( L. @     S
(
& L&.(( d.
 ' '>( L.

)
! 5- :N%( L.( ._
N%&( @&!  L. $   d#%  -
#  d1
.  d'
.
+ !   X#

:R> X  ( < .? )
.Z% 5   

 
 G
 (  
X( L. 7j: :
&X( .U

+ X ( L. `(8 56 @ !( ( 6 R
0X( 08 #( :&X ( ._
(&  S&( – :&!( – c(D-( –  X
 8-( F
8
!

& Rƒ (- ^ X ( N – '( ( 
( E
+>( 9
+( kC-(
L&.( & e `8 .
X(  $K
) 
#  d#(% C
) X#- L.(
.
) #.P  () P
 g 0- @:! @-X( XM d d-(  02 :
( L. .r
@
X( < 
( @' @0
 L.( > 
(  
-(  @:!

#& 0 > @
( R
+#-
 08( 6 `1
8 ' .`1
8 @-X
.
( L.(' @-X( XM
 #   M
 ' `!(

"Io 
X6 @  
X6 56 X ! " ' 
#M( :
#M( ! L. .a

0&-  ( &( 5&6 L. ! @
!( @
( 6 `8 '

 \<*
= ²;07 1
EVP/P
X +
 +  . 2
#$ : @ 4 _,< 3


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

j:&M L
& !>(  N 
' ! L. `8 
6
'
#6
 S

.$ 6 
 S !( > Q@
( X!(  d > Z% ' 6

0CK#-M G @. t
I>( ! @ ( Z*#  ' :F
6
.M( L. .w
F-&
0 > 7j: M
' *L.( .91(g 
06 G
 R
( ,
.d F#.( N%( tI @
&6 (`&86 t
I&> @ G ' `!( :`!( g( L. .x
@g&( 56 :!( L 0
0CK#-
 
X( @ 
 ( !
 
0CK#-(
3 2
0  %J  @-(
0#  
0. 7j:M $%' .
06 X(
.
0CK#-( 6 (`86 %(
0
!:>
S( &(
&06 
X# G
 (  
!( d::I
 ' :
:A( L. .W
5-& & @&
( @M( ! `1
8 (%'  L6 . . F
!:(
.
) . M ()
:J
%J d& `8 @ !(  < `8M R
0X( 08 6 : '( L. .\
0#&( &! 5X  d d > Q'( L. '(  ' 6 j:
.'

) X#
M 8B#-( > `8M @
!( L
!>( 6 ' :8P( ( L. .V

8A(  B#
 t
I( 0 , G#
 ' 8P( ( Z
.@#.P

: RX> N 5 ( ? .? )
: *#" L. @- 

  @'>( 
  e # L.( @-? 

gB R
#( R
8 (%J L.(( X eB dX# 7j: M .()`8   e .U
.L. 
#- C ,8 eJ  .L.

P% \<*
= ²;07 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

5&# d e  R
 5# 8( d(#
 :
  (#.M(  6 ._
.L.( 5g#X g ( (%' > R

... 9C  R(X L. 
X( (%' :X eB L:(  @08( # .r
.|(

:R>  N 5 X4 ( B .? )
:#  & R> 4 7 RX>  0 N 5
Z&% 
 K( 
 ( L. cI (%
) 
 () ! L.((  e .U
.9:K( 
(
.C
) .
6 L.((  e ._
.
) K
 L.((  e .r
& @&<  S&  d-& d6 8! < ()  L.((   .a
L&. @!&: & L
!>(  <  08( 9'% ' (%' .

' & 6 %
  d6 8!(     1( ( `
8J  S(  (
.@!: M

=M 
X/& 7 / RX>
X6& LX"N ( D .? )
56 L.( @K: # k#X 
+( X# ! /g
X( |( @g  (
5&6 
#( B#( :B# " (  X( d+! 6 Z% 
 C-A( B#( F
 I
F &X ( &#( C-A(
:#.C @(   $
X N%( "dJ @8
!( L.( S
-
_]]w/# /UU^U] #(  @ -( @( @
 –  &8 – #0(  
S&- (&  d&+! 98 Z%  < 
#-( 6/# ( k#X( 56 (

B&#( F
& 
&(
&!#C S
I( #P(  d Z
 N%( 
#( B#(
_]]x/w/UU    X ( N%( @C-A( 
#(

EV%a/P :\<*
= +  . 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

&! ( 5&6 
+( X# ! /g
X( |( @g E! "G#- 

:
#(

X a5X
3X0 XS  4  04 
4 5 H (  .D .? )
2:!
:#s( 56 @--P  s( @1
X( 
#( B#( F
 J d#g X
@&  &
#( @& 5-# @'
- @ # '
-(  @68 X "
:@#s( 
0
 X# @( $%' J  C-A( B#(
(6# e ( B#-() B#( 
  9# B#( @2! R # (U)

0 C6J 7# #( @2 >( j1(( 9-! @2!( $%0 B#( 
-.B
5&J F
g&#( , & &X# &#( ' @2!( $%'   .@( 4.
.j1(( Z#  @ ( ( 9-!  B#-(
:&!  @2!( ( A @- 

'   B#( @2! Z# M @( (_)
F
g&#(
0
:& 
' &1(6
0(> X#- 9
-! R
 J 
@( 9
-! 6 C
) :  9
-!( (%'  .
0g1( 
0  @6 (
$%&' &
X @&2!(  8 5g
X## e @ `8 .C
) 
 C
) :
.G6   F
 I( $%' N P# F
( G  .F
 I(
@6&( @
g( S
- 56 @2!( ( 
+#-
 X# @( J (r)
R
6  @( |
3 g# .
( 9 @2!( # @
g
0 #
dX!#-#
 5J
) 
g
0! !#-#
) g
0
 S   R`8 @
g(
.9
g( @:

0-# #( 1(


  B#-( (`#
0K
 (`## B#( @2! J (a)
& R X eu @( , @
g( S
- 56
0( 
+#-( 

 : qm
c= ]„ HI 1
o‹ ³< G &T  Œ  ;3 ·i Q…8 —·;0 ;7* & @…M ´? 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

G1
&( 5 - N%( ' ( 9-!  B#-( 5J F
g#( ,
j1(&( 9-&!  B#-&( 56 @( d6`# d  ()R`8 u  B#(
.Z% @2 (

X L4 X5 X04 L4 X5 "


 S I E ( . D .? )
:! X /a5 S  4
 
^:
 +## N
8?#( B#( C-A( B#(  ( d#g T
N &X#( B#( @ (  @X#- F- B#( @2! J (U)
.
#( F
 LCI @ @ #
 J
@&X+( &
! , & d8 @g
 X6 N X#( B#( X6 (_)
& 6 B#( ;
 @( d , # @( 5J B#( 
-.
u& 
#( F

 .
0 @(
0(  ( (#
&##  B&#( @2! 5J 
-.>
 6#
0  B#-(
.
0 9-! F
g#
 0J '
B&#( & @&
0 
-.>( 
+#-(  @:
!( k
>( (r)
&  B#- ! M 
0 @ 
-.>( > @ N X#(
6 F
g#(  B#( ;
  d X!#-

 .k
>( $%'
E!  B#( X6 ! d X!#-
 u
06  P( (g>(
k
& u& 
#( F
 LCI .
+#-M(  '
- 0
@&2! @& '
 J @ @ F-
0 
-.>(
. B#- @( B#(
G1
&( & @:! DN N X#( B#(   B#-( 
3 !#-M (a)

0 :X( j( '  @ Z $-B d u  B#(

T H=Zp Nm ‹w ] ( =Ÿ Ž? 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

Z d G1

 
#( F
 
 .B#( F
6 R(
. B#-( 56 d  R`8  d ` @2!

:X04 L ! / 5 R4 (  .D .? )


: 
+( &X# /g
X( |( @g T
M &
#( F
 0X( L#( 56 R
( L.( ##  ^U
.s( 5#!
) 1
. d LCI( (`
& tI#&# 
#( F
6  5J d#g 6 LCI( (%' 7  ^_
^:@+C+ 
.B#( @2! 5J @X+( 
! 4.  7#( (
(&# & 6 @X+( 
! 5J B#( ;
 @2!( , (9
.(
.1
+( @! 5J d  R`8   B#( G1
(  6 (c
 &X( &! ,( &( 56 @`M F
 ( $%'  @ 3  " d#g X +
@&!
(  F
 ( $%' @: '
" d#g R
-#
 "F
( $%' 2 # #( j1((
L @' @X+( 
! , 
 
 eJ q(`A( @: F
 ( $%' 9-# L q@0X(
. q G1
( ,`# 6  G#( 6 dJ ,8

:[ 
"S % 7 / =M  / R4 ( ; .D .? )
5&6 &
#( F
6 L  9
#*( G  d#g % FMP
-#( $%' 56 () 


& (
&X :R
0X(  + 6 9(+( @0
0 6  "( G(  @0( S
-
& 6  B&#( G#
 @2!( dg# e  @' @2!( 5J @X+( 
! d 
6  9(+( @' S
- 56 d#  . B#( G1
(  R`8 3( (#

.+ Œ  [Q3 +@ t  9¤ < M Q= “' +3 _ (M? @
c= T?M ½ 1
.ŽT‹ ´? ´0 ;` (M? Q< (
c= T?M ½ 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

#&( (%J @&0( B (!: R


0X( > (
+( |( @g X( (`M ) 9( :(
,& Rƒ ( &#( @&'
0 8 @ !(
 .,( 
! ,8 %IB , d u G(
0
.Rƒ
0# (
(1
. ( `  ) 9
# '  !( 9'% 9
#  @ !( N  56 d#g #-( .
# g(  G
X#(
0 # Rƒ ( #( @' G(  @0( " 0 N (

 5&J d#g& 
  ."@
 %IP# @P( 
I 9
 # ƒR
0# ( , 

Rƒ ( #(
)  G(  @0(   0 ` 0  %  L
!>(  Io R
0X
.Rƒ
0# (
9&'( L&( 9
!( 9
# 6 C
) X @
 N  6 d#g #-(
) g
N%&( 9(+( R(- 9(+(  `8# @0(    9(+(  `
8 " 
X 8(
.(  %1 ! ' `1
8
0 J :(
X d 6 (%J
 .M  
. ",(  Z%  # 
 @1
 Z
0' :
. 
 :jg#( 5 
.
9
#  9I(  ( $%
 56 d#g #-( X 
( 9'%( 6

Z&#' d6  9(+ 
) 1 tI 9' " d R
8 N%( c
#!( 5 K
 
 @g
 d u 5  ()2 X( (%' @!: 02>
 (%  +# e 56 $%'
@&0( 2& u& dg&.
# 2( 5J ()2 d C 
+( Z# :
. 
 j:

&! d& F+# (%' 5 .5 ( 5J ()2 j!:( 56
)   7#( g#X
. 
'< 
I( @(  ,(
N%&( #&0 
X( L
 9
#  d#g dX @
! N
  56 #-( Z%

&0 F&+
)  @0( F
:
) 
) g6 ^@0( N ^
0 9'((  J ":X
.... 9&
 D 
&  )
6
) :X 9'( 
 eJ
0 F+ $!  S8(
I

.
c= ]„ ( # qm HI 1
.xcM
c= ]„ ( # qm HI 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

& G Z# d >  !#( N(  #( . G


X#( , N
-#( 98
.  "Z#  Z# :
. 
 d

!    3 a5


30 c  (  .; .D .? )
7X / X04 /% R4 C
!"  [S ] 0 G  # 0 W%
L XP  7C 1d U] e0 [ 
"S 9! N 5"
"H %
2:S

@g
( X6  K(  ()(
0J R8*
 J 
#( @K: J ^U
&X6 d& F&+ &X G(  @0( @K: Z%
#I( 
d8  , #( N%( 2!(
 R(- Rƒ (- ,( + @g

.N X#( B#(
 &X B#(  g( C4 ,( !  9(+( @' F

 ^_
& &-
& #( . G
X#( , N
-#( d # d u
$(# !#- ( (%'    .5
# H( d! #0( 
6

&&D( @0( $%' `#-# ( (%' ( X 6 


#( X6 
.!
( K( 56 C6 k( :(
G( 
 (%J
)  j:#
 J G(  @0(  R
0X( ,8 k :
@
!( @
( 6 
 X( u M) 08 G( 
 (%J
 .
) 
G( .G(   @X @0( 7j:# :@
( @ !( 
.
@&( 7j:# C   < F
P-( R
>( B#  !#-(
.@>( 9'(%(  ! 6 G(  @0( S
- 56

.
c= ]„ ( E qm HI (D¥u Œp ) D¥u N=p A ³ 9M
c= ¾nT 1
.
c= ]„ ( E qm HI 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

j:# M
0 B 9(+( @' S
- 56 
#( F
6 L#  d. #I
.!( (  @!

F
6 L# B& &1
X( N ( 56 
+(/|( g( /|( ( .
: (`&#( 
& ! j!: . "
) g 
. j: M 9(+( @' S
- 56 
#(
 
X( 
+( (`#M( d:!  M (%'   B#-(  -X
  >( (`#M(
G#(  >( `#( B#-( G# & @2!(  S& #( @1'
d& `&#( ,   M 9(+( @' > :9(+( @' 6 #
 :! M . :! .
d& `&#( R
6J d6 ( (   M  d- E!
( 

) 1
0
F&`#( X Z-  Z(  Z 6  #6 J: ! $
J d#
) 1 $K  `#
L

& $ &! (%&' .#( (`#( –
#B-  L#  (%' 9
!( 
 .. (% Z
."9(+( @'  #( (`#( 6 L#I C-A( B#(  #( (`#(  56  #
> `&8M @' d S
- 56 C-A( B#( nI# B d  C -( |(

X %J @g
 X6 '
 J 9(+( @'
: R
&0X( ,8 k: . d  W t   x t Io d#g $%
 J : @2!C
G&( 
& (%J
&  
) & G( 
 (%J
)  j:#
 J G(  @0( 
@X @0( j:# @
( @ !( 
.  @
!( @
( 6 
 X( u M) 08
 %J  
&( 9'%&(  L '
 LCI ' $%
 J . G(  
k
& T&8 T8# @!!: @0(  ' -
X( ( 9'% ' @
( 6 j8((
C X( @!: @
 M) . L6 M 
 X(  8
( ( 6  G#(
. " (
& &#( & LC#I( Z
'  T  < 
#-( 6 # (

Z&% 
0  dM 
#
 9(+( @'  #( C-A( B#(
:d#g X

.
c= ><p (  qm …8 1
.²Q< v ]„ +3
c= ><p ( % qm HI 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

:k
 (  &6  jg( 9(+ @0( 
#( B#( #  ( "
#-& & -&X( 6 G#( d6 9##  d 8 M 
#( B#( /

@&0(
&  B&#( @2! ' N ( tI( L  d `# # G#(
.L
 5#! l 

) . F+
0 6 G
 9(+
.
#!(  0 ,X M . G#( d ,X . 
#( B#( /9
.98(
0 G
 9(+(  @0(

5&6  G# '  -X( R( 8 G( d F+ M 
#( B#( /c
.G# 98#-(  g( E !
.@0( . G
 N 0 !(
0 F+ 9(+ @0(

.G#( -X(  B#(  P
# M /
.@X( F8
 9- %# (%J  (  
# Z
0 9(+ @0(


.`V "  Z" 04 L / R4 ( < .D .? )


7&#( S
&- 56 
#( 
6 L# 
+( |( @g G#-( Z%
("d&`
)  d- `  " @
(  : 56   L#( (%') :Z%  X
1
-&  C( !# 9
#  X d % d#g
' d6 #6( N%( X( (%'
4 ( 
!    @    tI 56 
 A( `#(  : " 
. E! 9
! (`#M(
d& > F  S 
 Z% d` 08  8 5J  `  X 5#!  d6 / / ( 
S 
 d8  `M d
!:  Z
 9'% 56 L(   ( C   X#
d. 9
!( 6 d#g X
 Z% R
gX(  @!:
0 @#s( ( .. F 
:S
I(  ( " 9
#( F(% 
) g
.d8 @ 56 ' N(`( - 4`# @  d N%( ( (`#M(

+p v ]„ +3


c=  ( P qm HI . ŒT * ¿ + ¾ Œ  …f §9  Mc v ´M 1
.²Q<
%PP E# \q7
 * F6l F T o?T .
c= ]„ ( E qm HI 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

d#
) 1 $K  4`# d `#/ ( R
6J d6 ( (  e :>(
@&' 9
  (%0 ... (% Z F`#( X Z-  Z(  Z 6  #6 eJ ! $
J
.9(+(
, %1 !
0  )
CI Z%  Z
4 !  `1
8
0 B 9(+(
0 - (%J d B (!: .
 +( +(  #
 d6 `#( d `#(  z  # ( 
."K( 08( R
# (
  (%' " J 
+( X# |( @g T $%  X#( 9
!( C d! 
d8I# 6 @8# (  L#I M #( (`#( S
- 56 
#( B#( nI#  56
"9(+( @' 
'
% #( %
!( S 5J N P d  9(+( @' S
- 56
B#( F
6 L# ! FMP
-#(  () 6 
+( |( @g 
+ Z% 
:' FMP
-#( $%' #( S
- 56 
#(
d  cI ' @2!( 5J B#-(  @X+( 
! d #
 J ^U
.qcI M 
d  cI ' @X+( 
! d 
   R
( (. Fg( ^_
B&#( @&2! > &0  cI M d 0g T  cI M 
5&6 
`( 98# e K  Z% 
 J . B#-( @68 @

&0 N&8 e &K 


& 
-.  $
 ,8   B#-(
,g&I# e &( 1
-( 
#( 
2 (  !#-(   , E((
.E(( 
!> @2!( (
& F&8I  B#-&(  @6 ( 
-.>( B X N%( N (
 ^r
$%&' & &! DN d 5X
 K  @2!
0 (6# 0  0
. X( !  B#( G1
( 0J ,8 (%
 
-.>(
-&X( ? # d 56 B#-( t (%J "
' g( |( N  ^a
 d& -X
 # d 56 t ( 
 (%J
 G1
( 
) 1 !#- M d u
& !#-& B#-&( u 
6 d ( ' (%' @( dJ c
#!#



     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

(%&' 0
-&. @-&   B#-( 56 ` @( dJ c
#!#M
 G1
(
.(x]) 
( @C-A( B#( @ -
->( 
2 (  d6 t: 
&X#( &#(
0 `8 F
6#( > `1
8 @( dJ c
#!#
 #(
.

& @&-
->( &(   B#-( 56 @( @8
! 6 G1
( ,`#
&
#
& & d&6 t&!
 u (%  
#( B#( N
8#( B?#(
. "(U\) @: 5 d#'( 5J E!
( 
 . ( -(

,&`# & 6 G# d B 


+( X# |( @g  E!
( N ^w
B#( -. , @K: B
) 6 C-A( B#( F
X#  # N%( G1
(

 G1
 8 J (% B#(  : c
#!( 9-! (  1`8( #( '

 –
g d!#X S- d#g  .d: ,  d !B @K:( $%' 56
,&
) g&.
#  
' dg(#6( ,
) g.
# G1
( ,`# 0 6 – #B-
Z&% ,&    F
( #( ' L.( @K: 5J d N%( S
->(
Z
& '
  !!qq L.( @K: S
- 56  B#( G1
( ,`# d#g %
&. 5&6 d  dX6  @ !:  L.  " X L.(   
&8 L&.( ` d 6 d (` X 
- $Io + 0X6 ' M 
d& 6 d& ` d " ' R
0X( 08 N   R
( % . " d 2(
 d :  #" M g
X( ! 56 L.# M L.
 2#( 8
" $ ( #-( d `8 M d (%
 d#

.²Q< +p v ]„ +3


c= ><p (  qm HI 1
%P!/V Z` (0 ³4* 2
© t`; NQ3 u U
Z` h? OZ‡ ;0X  9 Z3 ; TZ c= ]„ o?T HI ! qm \<*
= ²;07 3
[ C h” E U A9 “` C Ow H & < 0 (Mq À : \9ÁQ <I* › ¿ @ Q…8
.Z<0  E D (Mq A* \;0Z ˆZA0 "%PPV/;8;M/$ =;* ¡a%E


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

&K   Z% 
 (%J )
 S
) 1`8 #( (%'  R
( G % ^U
&I>(  
`( 98# 5#! d #( <  d #(  X( `# 
.q X( (%' # 5# .E(( d N8
B&#( @K&: d6   # N%( (  1`8( #(  E!
( N ^W
L&# &#( FM
#!M( @- 56 X B#( O 9- ' ( C-M(
M B&#( F
& & < d 9
8 @ B#( @K#( @#
0
) X
 E !   N%( d 6 G#( !#- N%( g( E ! 0 P
. X ( K( FI #( ' $%' FM
#!M( @-  .E ! M
&2#  &K  &( . 6
J # M #( u Z% >( 
 ^\

&0 98# E((


0 N8 ( 8 e 5J
0
!:> @ (>(
 6 ( 8 # ' q 8" . ( J X 5# R
-#  .
`(

-&.  #(  . '
 Z% >( 
 J q B#-( ! ! g
C& q&! g  6 d
) 6# d
 ,8 # ' q !( B#-
 qG1
&( & R`8 !-# L G1
( 8 6 R d 56 5X

& &# 9&-


#( @- 
  B#-( ,8 56 g  G# -X
$%&'  d 56 .
( 5X d 
) 6# G#(  B#-  9
:
g&# DN 5&J G# DN , 6 d #(  X( L  K  @
!(
(%&' #  E(( d N8 Z
( d` d Ž .
( L 5#!
#( F
g#( @. 
: (g>( 6 #
 ! @ -( @
0 6 #(
 , @ -( CI F
g#( , j: L I>( :( $%'  qF"
.q
0
!:> @ (`# M @2!( (
5&6
' d#g
'% #( FMP
-#( 56 (  d E!
( N ^V
^:#s( ! (
&. & 6 S .
#( 6 # C-A( B#(  #( J (‫أ‬
 &6 @! 5J >( :#- g( . 6 
 J  g(
&% 
& '  g! . ( 
0 # 
#
 F
(`#M
 R
(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

&' 
&( & B#(
06 
. #( >( :(  :
@&# &# 56 # #( 5#(  F
8 F6 :
$%&'  #
 @ s( Z#  @2'
 d
# F
 N%( 
+8( `08#
5&#  & 
+8( `08# @X ,8 56 # #( F
8(
&  #-M 5#( ' 8 (%' 5#  S tI(

 R
g6>(  (>( $%' ,8 >
0J @8
!( 6 @ I( $%'

0#. IB#( (%'  . 


+8( $2#   M
) ` K#-
. 0 & 
( 8    '-  R
g6>( 8( #  6 9-
F&
0#
&-  X# e F
8( Z# ,#-#  9->( (%0
,&8#  & 8( F
8( F
: Z%   . 8(  F0# (
.( B#( F
 #
+
)  X F
(#M(
C&-A( B#( F

0-#  P @ < (>( (‫ب‬
.#( @10 @ j:# 
.B#( F

08I# 
`( (‫ت‬
#( Z 
08I B#( 
-. 56   M E(( (‫ث‬
,gI#   B#( F
 I 
J Q @XX!( $%'  <
 
G&# d-# . Z#( tI( 
 @
!  Z% E(

 G#
) -
0- 
( F
 (%J  ( d#
!  dX!#-( N%(
FM
&! 
g  ^t
I>( 
# – 
#( F
B#  
!( '
F
B# Z% 
+ @P-( F
B#  
!( '
 @ ( 
X!#-(
.F(
-( F
B#  E
+( L(
E&! FM
#!M( 56 B#( 
. @-  n#  0 G1
(
 (‫ج‬

&
# E (&!( &. &0 P( M B#( F
 N #M
$%&' 5&6 Rƒ
 . E (!( Z#
0X!#-# #( F
g#( 
X
&6 N
!( E (!  
 E !
 @( -I# . @-(
F
&6 6 n#  .
  F
( LMo F- E! #- 


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

N
&8#( B&#(  G1(( $%' .
0
-.  G1( B#(
 0 P # C-A( B#( 
  --P
) 
!:#
&' C&-A( B#( : #- 0
'  6
 #( (%J

:&( #-  .
0   M
0- N
8#( B#( :
( A( NK&- d(# @
!  > G1
( (%' `  (%J -
C 
(  # I%( L:( 56 --P( @ @% #(
.

 
(  F+ (
- C-A(  % :#(
@&
8A( 0-&(  S @1- $%' "dX FMP
-#( $%' d#g #I
B#-(  X6 S
- 56 
#( nI# ,. J @ X :
0 6
.@2!( 

+6 X# |( @g $(
 
#( F
6 L# X#  X#(
! 
56  – G @0( N – 9(+( @' d S
- 56 
#( B#( X6 nI# !

&!>( G& ,& G
#(  8I#( 
#8( % d#g 
 .#( S
-
qcI( '
 %J .$% L-

) X @6(

2:!  a5


30 f  4 ... Y + ( D .? )
:
+( X# g
X( |( @g X
'
B&#( @&2! ##  F
0( $%'  #
 N%( L#( J " .U
;
&( &## #&( (g G# 5J L 0# @ 
# @2!
R& & <
) #

) X
) 6# #( 4. 
0J @6 (

&0 N&8 M 
&`(
&0 98# C 6#( Z 6 cI# E!

) &
#
) & @&2! @ ## 
06
8#-( X!#- M E((
&  6( C %1 ! 
02 
0!1( 9-! @2!(
0 L:##

&08 F
g&#( X!-# X6 @2!( 
0 6#( 
F
g#( X!#- 0 + . DN  
) #

) 6#
0 6#
 J
.
&0 $ &.
# X6 98 M @2!( j1( ! (g>( . 6


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

t &# e
0 `8 d u FR


0  L :## @2!( 

C&6 6#( 5J
0g1
  R`8 `# L-
0 56
0!1( 
.(g>( 6 0g# 56
(%J j:&
& J L#( (%' "  
+( X# |( @g
) g T ^_

0  j: )

.
) 6 # @  @:I
0 @2!( $%' F

@:&I( $%' u ( d ( 
#( 
2 
 .Z#( Z#(
8
0 S 
#( F
  B#( @2! > @!g( < @ (

0
!&:
&'` ( @68 d#
0  @( 6 :   
.
e 98 + .(.A( (%' 8 @X#- @:I 9-# M
0 >  GK
B X( ,#- 5#! # @ 
#  @I @: @2!( $%0 #
M d :d#g T "@g
(  
#( S
- 56 , 
0  , "

z&  @
#6( @:I d L.( > L.( @K: #
J Z% 5#B#
& `&8 M
 (  d `8 L.(  + 
X( @( 
."#( (`#( @0( 5J @- 
 ,- d 
8
 $<

@&  @:&I $ 8 9 N%( R(  56 g( |( # ^r
 d&M 
&+( &X# |(  
!( C-A( B#( 
2  8

&2 (
&06 t & &#( #( @10  
X( 8
 Z% 56 3 #-
& @& 
X( (( d#g % ( -( – @C-A( B#( @ -
->(
^:
 ' @ -
->( 
2 (

-&. &X# M %( #(  #( @1' ## (_]) 
( (‫أ‬
DNB Z% 

  d 8 L 6 @ -( CI 0  
0 #( B#(
.TI @6
&X#( @& 
&#I( 9
-!( @10( $%' 56 G (_U)
( (‫ب‬
@&8( 
&#8( & 0 6 X# M   . ( A( S8 N -(
.@(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

@&8
&'(# F
&:# DN ,&# e @&10( $%0 `8 (__)
( (‫ت‬
.@(
@&( ( J & 9:& #  e @10( $%'  GK(
.@(  0!
: @
6  0 ˆ 
#( 
#
 '
@&XX! 
&#( 8 N%( ' @
8#( B#( F
  d 8 M 
2 ( (%'
."XX!( @( 9
!: 0 B #(  @-
F
&+J
&0 B&# @( @
0!# #( 
#( X6 
) g E!
( T ^a
^:
 X( $%' @ X R8 %J Q
0#
:
:#I(  !# #( @1' 8
@K:
) X 
#(  : 
6 #( @1' 6 @
 @(  # " ^
 &:  &
#(  :  @g1
( (>( 
+#-( F
6  #
 @
(
."@C-A( @
g( @K:
) X 
+#-M(
#&( ,&8 +# 
+#-M( 
# @( 
2  #( @1' " ^9
&6 9 # ( A(  @

 t
I( C-A( B#(  
0 ,g#
@&( 
2 F
 I - F(R(8J ,8  Q)
 Z% 

 5# #(
."
+#-M( 
#
&#( S->( 9-! #( 56 
#(  : 
#( G1
( ,`# # " ^c
.#( @1'
06 (# ( A( S8
'X

:
     :  
    
@&
#I( F

-&!(  R
0# M( 6 @( 6 56 Rƒ
 N
  

#8( X6
@&
.( @&1' &
&'
#6(  8
I(  
X( ,8((
'  #( @ -(
.Z% @( F  (%J @1
+#-( @: 

#8( X6  ( A( S8  @6(
.d#`
8J @ N -( R( >( X# @.

.d#`
8J @6( @
. ( @1' X# @.


# a qm
c= ><p HI 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

.d#`
8J 8
I(  
X( ,8(( X# @.

. 1(`( 
-I( cC6  
#( G1
( ,`# 56 @X((
.@( ( A
 R( B ## #( F
!#X( F
:#( F(
-#-M(  X#
 & 9-&! Z&% @&( @8( @( ( J S8 
0+  9
I# (
.@ -
->( 
2 ( 
0 ( @g(

( -&( – @&( @&


0!# #( 
#( X6  8(## ( $%'
&X( @&X
&   &
#( 
+#&-C @( 
2  ( '

) 8%  X -
&#( @
#6M( @:I(  
X( 8( # ' $C6 %
 
0 t: 
.
+( X# |( @g
0 6 E !#

:R> G1" ( ? .D .? )
jg 5
#( B#( 56 L.( @K: # #
08 S- ,g () 0#
L&.( @K: # S-B @:
0 L.(
06 X 5#( RT
( 
) g d#g
:5#s
 50 d#g
0J 
 5#( RT
( $%'
 .5
#( B#( 56

:X RX> (  .? .D .? )
 &X ( L&. `(&8  @
!( G @
( @ !( " : B d#g 
.
L&.( 5&J
0  :
!( j( L: @
g L.( X , #  ' 6 d-
j#& 9
#  R
8
 56 N ( (%'  d#g #-( . "L.(  9-! 06
" :d 
. 5
# H( d! 
0( M
)   d 6 X   UV @!: S
-( R`8(  X(
`&
 

  
(  '( ( L. : ` 9
!:  
 N
: >( 6
d&8( &
0  :# + @
g '( ( , " :
. qL .  :
. qZ% `8
."d6 L. N%(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 



:( 9
#  $( N%( N
I( E ! 56 X ( L. d#g
) g #-(
N
I( 
A(  %J F
:( G( (( 9( ( L. 9
 ' {rU} . 9


&  L 8  N'`( 
. " :d R
8 X ( L. `(8 #
 N'` M) .
&.>( 
- @. : d! 8
0 8# 8
# d C< 5J
0  H( - 
q
-&(  @. :
0! 8   eJ
) 1 L>( Z# j  B  8 '
."
0  B e d S" :
.
5&6 X( (%'  #-( . L
!>( G 6 @

)   d#g % Z%
@# ( 1
- 9# I :#I k 56 .- ( 8( 9'( 9
# R
8

Z%& G(&.A( &8> 
&( '( ( L. `(8" ! N(  L
: A( Z%
.06 L. j(  B 
+#-M( 8> $`(8 0 6 G( 5! 
+#-M(
L&.  &:
!( " :C
) 1
. X ( L.  (%' 56 #( (%' d#g #I +
L:& M 
8#(  @K @.( X ( 5X# .R
0X(  @8 6 j: X (
Z%& k
  L.( 9-
 06 L:
 J 06 L.( 56 R
0 
.
) . :# M L. F
6#( u L. d #


:WE>" R>  `E %X" (  .? .D .? )


d#( 
) 
6 L.( 
 eJ d. 
# M( d `8 L.(( J " :d#g X
& @& 1 d 6 H( g 
+6
- L. Z%  M) #- "Is( , d- 
@& &1 N#  " :d. - d6 H( 5: H( -
06 t #( d
9
&# & T%#(  -  E !( (%' d#g c I &. "-( RM  $ 8
.{_W]r} . E ! 9.
(
L&. 9
& S
&!>( 9
# 5 d 6 H( g 
+6 6 1
- 
) + ! % +
- d6 H( 5: H( - # ' " d R
8 N%( {rxr\ } . E !  8
-(

0 8 @ 1 N#  :


X @ 1 < 9%#-" R

0 S @  ( 4 .
N& F8 
 9: 
0##
 @ 8( 
0  d I -( RM , $
. !( 9
 
.
-( 9
#  N
I( $% (%' 1
- ( E ! ." -( RM ,
0


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

&! {ra} &. 9




:( 9
#  N
I( 
f E ! ( (%' d#g  6

L&.(( ,#  ' 9
 " :
X )

6 L.( 
 (%J    d. L.(( 
# ( `(8
#&( ()&1 
) &g L. (%J 9
 " :
X 
# M( (#( `(8 Io 9
 "qd.
."
0`
0 . (%u )(( S L.  .-( RM + d- 
E !( @!: 56 d. L.(( 
# (  @!: 56 ( (%' d#g #I +
T
&#( & R
8
 56
g () #- @
!( @ !( d 
.
 ' $%  X# N%(
d-  G(   d-  (  Io
) 1 
) g L. (%J I%(  " :@ 0(
."j!: L.( " :5
# H( d! L-  
. R(X $  m
! (

& @&( . &M  K( 9
# 6 C
) X ! 
f N
  56 d#g #-( Z%
56 d     L.(  #( (%J d#8 " :
. E! {UVr} @!: S
-( R`8(
."( L.( j: d-
&0 &< &( (%' + `(8  M %( @

)   d#g % Z%
N ( (%' .
# M( ' 6 `8
' 6 d I( '   L.(  e @
! ( +#-(
" :d& R
&8 %J {a_]} @!: 5
+( R`8( c
#!(  9
#  8' d#g $ -
5&6 L.( @!:  6  5 +#- d. 8- C:
 
( d. ,#   L.(
5&6  0#:& L:&#( R(X
& '!  R
( 56 L. 
0  1
- S (
9
) (`  | () .  R(X
) 
# L. eB -( 56  X#( + R(X(
."d- :X  d > 0 
# M( d 
0 


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 


" d#g d.  d. L.(( 
# (  ! C-( |( N 
L.(( 
# ( `(8 @!: 5J 0# ( ... d# N%( L.(  L.(( 
# ( "

d&6 H( 5: H( - d k : N%( @ 1 E ! 56 (ƒ


#6( . d.

(#( S E !(  d0 N%(  -( RM 


0 $  eB -

@: $< 
# M(  N#- N%( 
( L.( '
 J  d- 
) 1 L.((


&.  -&( d O d 
) X j#  (ƒ 8- L.  . C-A(

& 
& # M -( @X ,# 
 >
 d  ,#  d u (ƒ : 
) :!

."  P( d (IJ ,# 


 d d6
# ( d 6 d8I

UX  X" \#XXE>  R>  W" ` "  %X" (  .? .D .? )


^:L.( j
: 06 L. R & R> 
&# d#g
06 S-P #( RN
( '  ' d#g T ( (%' 
(%&0 #
 d#g #6( . .
) X!M 5#B-
 C-A( B#( 56 L.( @K:
^:@ 0( T
#(  R
8
 6 (
d& > j: 8-( j
:  8-( @X  8-( 
6 
) ' 56 8 "
5&6 8- Z( F
+u 8-
) # d!!:#  L. d!!:#  M 
 J
."GX
 # j!: d8( (%'

.
c= ><p ( $ qm HI 1
(A9 3w G h;8@  v @A3
8  H @<I .aVP :% ² N7 3 hl F t`; F T MZAŠ ´   2
v ]„ (3 8 i;  ? !#a :# 8'p  $:% MZAŠ H 8) cM HI .' v9A <0 G & = $:%PP
V : ³<* ²Q< +p


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

 L&. Z& 
) . S L. d #
  56 C-( |( N 
)
.  M L. 9'
  N  " : d#g X L.( j
: 06 L.
 @& 0( T
&#(  R
8 N%( nI#( d #6 ( (%' . L. Z '
 J
:X X ( $%'   t ( 56 L.# M X ( F

 d d0 N%( .  d<
:
q
&0 & L X 8-( J T ' (%u (%  L.( j
: 
0:
0'(
'  d!
:  X ( L:#  d# j: @  @:I d L.(  56 cI
&! d&6 N&8 &
. :!  8-( d 
 > . 9'(( GK X!(
."  (  B#(  :(  d      t ( (%' 56
#6M
 .L.(
^:"d*#g *Lg +
& d#g $%
 (%' .  T( @:( u TI @!
 @!
 (%' "
DN -( !#- M E!  6#( ' 06 L.(  06 L. L: d
& @( G!
 ' . L. 7#
 
. (%J
J d E !# #( (g>( 6 G#
  
) &6# Z&% d-&#  B#-&(   :(  ,
( @
 J ,.((
"@g
 X6 d B @
 @XX!( d 5X# , X <  :( j1( 5g#X 
X!#-M(

:*N $
H R> 4 % ( ; .? .D .? )
&% .R(&X( &+ ,&X #M @1 5J L.( L:   ( (%'  :X(
d&  {_Ua} @!: S
-( R`8(  @( . M  K( 9
# 
)   Z% 5 d#g
R( &#M( & 
&
& d#!&:  LC#I( M N%( L.(  Z% @8 " :
. E!
.0&g(X ( 
( ! `8 M @1
  
- 8  + ,X  < R
0# M(
&8  
( ! 0g(X ( `8 . 56 LX  + R
0# M(  < 
 eJ
5&J
) &1
X# L:  5  ) j: L.( u @X  < @08 M 
- $Io
."(@X  < @08
.L-   
( Z
 d 
. N ( F(%  % .

.
c= ><p ( $ qm HI 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

X04 7X / R>
X6& I"N ( B .D .? )
@X
-&( @>( RN
( L. 
+( &X# g
X( |( @g %  

&0 G# - #( 


#( F
6 2 # # RN
( $%' S
- 56 d d#g T
&#( S&->( F(%&
X# , Z% S->( $%0 R
8
 56 R
0X( R(o g
^:
#( ! ( 56 d#g
0!#X

2:R> G5C (  .B .D .? )
: a5  ^

0
 S  
)  ()R`8 `#
) . : C-A( B#( @ R # ^U
 :( j1( 9-!  :(  #(  g#( 56
) . 
& N%( X ( L. 9
  Z%  .@
0 (  @I( F
08( 56 
I # @
g
 ()+#- X (  ( R`8( (%' X .
) 6 d 
."L.( G(<>  :(  k
>(
& -
- 
 (%' " $C6 X# |( k#X !  3 a5 1% ^9
S
- 56 d#
.u L.( S
- 56 d#
.J #( S
- 56 B#( @
.J
#&( j
:& 0
 S   R DN , '
-( Lˆ M #(
1
X( B#( 
 #( 56 1
X( B#(   KM K M 
( S 
."  K M K d
 L.( 56
^:' $(
 ^c
@C&-A( B&#( @ S-B# 56 L.# L.(  : R
 J J ._
. #( @1' 8  
!( '

0-


c= ]„ ( (E) qm HI 1
²Q3 +p +Ÿ v ]„ +3
c= ><p ( (a) qm HI 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

g  @( 


 S   R ^`
 dJ 

 – t:I# .r
 0
 S(  R `8 6 `
#
 --P `
 (`( d L.(
.L.(  : X 
#
 
#( @ X# #!
.
-&-P( 6 (`M( ( (%0 
( S(  R`8 t:I#
g( .a
& +#-& (&  Z%& # d1(  1
6 M 
 Š6 d
@
+#&-M( @!:&( ( & M .@C-M( 
#( F
  
+#-M(
.`( (%' R(  0 @- 

F
g# d  , # N%( L.(  : #
 --P( (`( J Z% .w
&'
& #( F
g#  '
- --P( 8 g#(
."@
8 C K " Z%  0#!:
– B#(  : ' k#X( (%'  # N%( – L.(  : (`J .x
F
&
 d8(# #(  :( (  # d @I( F
08 #

R
&  X(    :( @08( t  ` 
#
 #(
B&#( & &+ SCA( 
#!(  Z% ` #( F
g#
. ->( ' C-A(
&' t
&I( X# |( @g d 
. N%( L. >( ( # .W
" 1
X( d#g d6 #6( N%( @ !( R
0X N  9-! X ( L.
L&.( 5J
0  :
!( j(  L: @
g L.( X , #
& 6 `1
&8 &X ( L.   <( 56 ."L.(  9-! 06

&  > Rƒ ( &#( &


 C-A( B#( 8 k#X( (%' 
J QR
0X(
,&.(( X @
g( k
 @:!  , # F
g#( 
' 2!C

%I (%J
-M  #- F
g#( ;
 > Z% N 8   X
F(
-&( F
& 
( ,
:& &- F(1
  ( R
M( .
cC&( @&#( @&1
0( @.
( @6
: Z%  F
!
(
5&J F(
&( N &## &. @2'
 R
M( $%' X |(.... F

(
&' 1g j X!# @
!  @6
2 +  >(  + .F
#(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

X(
:#.C  ()   @6
2 6  +  #! 
Z
&0 J 5&J N P&# :&( $%&'
) #!  @
g( 
-I FM
! 

& J $(&# @
!  N%( -!( GX
  :( 6  --P(
&# 6
:&# .C-A( B#( (   
+#-M( 8' 5J N P

&0X# #( ( 


0 ( Z% @:! C-A( B#( F
 SCJ
.s( -( <

2:R> I&
4  (  .B .D .? )
@:&I d& &#  ! d M L.(  : J " X# |( X ^
."Z% @2 ( j1(( 9-!
0ˆ
'+#- (>( Z#  
0 # @ 
^:' $(
 ^9
X#- M Z% u B#( F
 I 6 P- ' ! dM L.(  .U

0 ## #( K( @6 9- (` (


0 :!

! #( B#( @ ,
Z&% 56 9## . FM
!( $%' +  
!( 5J S
( B8
 ()+
F
-&(
& 0 ( M( S&8 S1 ( @% #( ( M( 
X#6(  S!
.q , 
## @:#I(
(&( 
&( R
 @
!  @ `#
' ! dM L.( 
g ._
&02 &( N P& (%&0 
( (%' 6 9. Z
 8  6 , d#
`
,&g( (%&' NK
 d 6 0   ' 
(  # I%( L:(
.
1
&- j:(  :( 
  
-! ,-( 

-  :( ( J
& Q9-&! C-A( B#( 
' `(  X# S .(( ,g Z(% (%0
.
'
0
 8
&! d& M L.(  :   $C6( (_)  (U)  %
 jg# .r
.- R '
 J

8J
) 1 S


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

2 :R
^ > I& `V " (  .B .D .? )
@g&6 & #& B&#(  <(( J " X# |( X ^ .a
." j1(( 9-! dJ 7#
  :(
& d& #
&  :( @g6  Z# " C -( |( N  ^9 .w
 :(  Z#( > Z% . @X ( $%'  @:(  # . Z% 9<
,  
X(   :(
0 X #(
(`
 d## d d(#( 56 9##
Z#&( L&  % Z
' ,.((   9-( :! 6 F
g#(
B#( d d g
 ,( ( 
X!#-( 
'( X  :( g #( X 
# d (  $
X g(  ( (`#M( (%'  :# L

) &X (%' d.  @: d nI# #( 56 nI#( J + .


0 
  t#I ( d#!# I  dX( 9(  9
 ' #( > Z% .
9(&+( @&' @&0( &#( . F
g
(  B( '
 d
!B
q :& B#-( d  N%( #(  '
 ... @:( @. :(
." 
( ( 
 R
#M(  6
0
 6 5
ƒ < M @g. '
^:' $(
 ^c
`&#  :&( & Z#  d6 B#( (  k#X( 9-! .U
 :( 5J  #

J B#
 ,##M d   .  :( 5J #

C-A( B#( @K: 56 d#g $ X# (
 '
) (`J #( j: (%
.#( (`J 56 s( 1
X(
B&#( @&# #&- B&#( -. () 1(` #( @(`u X
) g ._
M 
&#
 C&-A( B&#( F
 I     (%'  C-A(
.N
8?#( B# @K( :# + N
8#( B# M) X C
)   j:#

.²Q< +p v c= ]„ +3


0 >3 ´?
„ ( (a ) qm HI 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

2:4 5 U   ` " Y + ( ; .B .D .? )


Z& & I  0  cI #( d #
" X# |( X ^
E&
+( ( 
.
 L. Z '
 ( 
. S d (
 ˆ.(  :(

& J @&.( X (  98


 #( ;
 2
#!M( 98 C L.( RN
 
L&.( G(&<> F
g&#( , &
&0!
 , L:#  :( j
: +#-#
."NIM(

&( 5&6   ' X# |( $%


 # ! g( |( N  ^9
&# & &X# |(
01g 6 
. #( L.
 @:
I( RN
(  E
+(
&X# |( @g F
! @X k( 56
) X g( |( X L.( @K:
( 56    ( +  R
8
 " L.( @K: E
+( ( S
- 56
'
 #(
06 L. L: L. Z ' 
. S L. d #
  ' E
+(
g&( |( @g X
g " d6   FB  E!
( > Q(%' C
  .
F
4 B& &
 " d C
) 1
.  X# |(
0 
. #( @X ( $%' ! d+!  Io R`8 
L&. L:& L. d #
  6   – 
+( X# |(' ^ E!
(
. "d-
-  
0  L.( S
- 56 
#( B#( :B# u Q 06

-(
X# ("  g( |( d
.
 56
) ?X  < 
# -( 6 . N  ^c
Z #- + ."
) !:
) : 
+( X# |( ( 9!
:  X  > d!  g(
F
6#( F
6#(  %# #(  ,gI
 J
) . S  #( (%' J  < .
  $  F - @( 
-!J 9

0#> +( X# #( X# ( X#

.²Q3 v ]„ ( E V) qm HI 1


.²Q< +p v ]„ +3
<p ( (a) qm HI 2
.²Q< +p v ]„ +3
<p ( $ qm HI 3
Z<8 ´?  Œ  N=  \T +*<  «) yÁ* G Ž ´? OZ‡;0  9 Z3 ; TZ ]„ HI 4
.;T?*
„ Â8 cf o?T %PPV ;M  G Z0


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

S& (%& & L: L.( 56 d # N%( (%' (
X (6# 6#( RM'
d&X( 9&# F8 .....F
. :( < F
6#( (X   d6 #( g

B&
) !&:
:& 8(  9# (U]) (! 5J F8 
+( X# /|( 6
->
J F. J L.( j
:  L:
 J 
( $%0 d6 L.( 56 L: #(
R
&6 @-& 
 L.( j
: 
'< 
A( -( ' 8- L.( j
:
M
) !g( S nI#( (%' nI#   1
+( @! ' 06 L.( ' B#(
."d S B#-   S
#( '
 J
) !:
^:' $(
 ^
,& G
# d!#X 
+( X# j( @g d6 
. N%( ( (%' .U

& . &X ( L. ' L.( RN


  d#g $% N%( >( (

&0!
  @
g +#-# @.( X ( u d!g# L-
 
+#-( ;( L: e k#X(
'
  06 L.( 56 L:
.q6  5J c
#! (%' .d!
 
d#g& d&6   d#g k#X 6( S
->( # N%( ( (%' ._
B&#( k 9: 
#
 C+ X ( L.  
 6( N 

&' $ &X# (  @6( d#C- ##  jg( < >( C-A(
.(
B&#( & 1
- '
 ,
) 
# 8-   < 
#-( 6 # ( N  .r
.
) 
6 +C+ %  #( 56  ( C-A(

#-&( &6 # ( @g $%

) X 0( (%0 L.( @K: # .a
B&#( # 8 d
J ( 9( $
0#8(  <( 56  <
d&X( & 6( 5g#X(
0 (# @K: 9-  X#  C-A(
@& >( R
&0X N ( (%' ! L#( 
( 9'%(  ()  !# C-A(
2  5J d:B# # n   -( X  9- 5J  (
.R
0X( X  @g6 :B#( X


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

2:LXXX3! ( < .B .D .? )
#&( 
X!#-(  56  :( @!1M 7t # " X# |( X ^
.B&#( (&     Z(#M(
0 # #( #( ;
 F
g#
B&#( F
  d ( N(#M( 9
-!( 56 Z% # # e `8
."@ X#(
^:' $(
 ^9
L#I# #(
0 # #( F
6#( ;
 8  @
8A( >(  .U

 N(#M( ( @- %I>( 


 0#
B# ( LC#I

'
X
.@#I( B#( (    Z(#(  X# #
' L. d #( ;( k#X( D !  %( @
8A(  <( 56 ._
Z(#&( ;& L
g ; '   d #( B#( Z(#J  @- '
.qB#(
(%
&  @I( F
08  Z# , (  @>( ' k#X( jg  .r
&' # # @>(  @
!  @I( F
08 R #  
@I( F
08( 56 d   
) g.  :( --P( j   g

@ ( #-M(
 J N .
# (`#( 8> S GX(  @
!( $%'  d B
) 6
.q)
6# 
 M( GK
' #
" &6 M) & "B#( X6"  "B#( 1
+" 
6 #-  g>(  .a
.( ,.(( , 
# " :( @!1M
2:GN/ C 9^/  9! ( ? .B .D .? )

&6
) g6 S F
g#(  #( d6 :!
 " X# |( X ^
L.( @8  0I  L.(  :  X#- R
6 '
 J d (6#

& J d&. 
# M( d `8 L.((  -
 L.(  9-! 06
 &X# N%( L.( 6
) g6 S 
# M( (%' 06 L.( @8  CI(
."d


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

L& & , 
 :# 56  :( @!1M t # " C-( |( N  ^9
!   N%( 
#( (`#M( (%0 . d6 :!  d !
 B#-(
@&:  &# d(`#
 
X( L( L  (%J R
gX( 5J 9'% e L 
:&!
&" d#g N
g " U#( @.( 56 B#( nI#  
& &# &' &  $
 C
) 
X # M F
g#(  #( d6
@&: (%'  . L.(  L.(( 
# ( `(8 5J #-( . 06  :(
@&+
+( @&X ( & R
8
 L.( 56
) 6# B#-( #6( d Z% TI

-! #
 (%0 
)  
) . # M L.  ( 
(    @((
,& L.( 
  ,#  e L.( "`D8" d B D L
) .( S $:# #
."_ # '
 J L.( S d

^:' $(
 ^c
'
6 L#IM d #
6
) g6 S Z# ,  N%( G#( J .U
.C-A( B#( F
X#  s( 1
-
B#(  
!( Z% Rƒ ( #(  : #
  G#( 
X!#-( ._
Z(#C ( -( #   #( 
) X Z(#M( #  # C-A(
& I &( @&(`u G#( 56 :!  Z
' %J Qd #(
.#( 98 # N%(  :(
N-# @
( u Z(#M( :!# #  (%J C-A( B#( F
X#  .r
Z&% & Z#&(  !#-( Z(#M( ; :I  ( -


& ,&g( (%&' + cC6 # L .@
gJ 

  () X ;( 
:
.qqL.( @K: #

.
c= ><p ( (#) qm HI 1
09 q7 «8 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  


 ! ! ‫ א‬K  ‫ א 
א  א א‬
 

!
 G46 ' G#  Z#( d6 :!
 J X 
!( ,.( .a
"F
g&#( " &'
' #-( -M( Z% 56  ( 
-I  d
C Q  J @(  L.(  : #  d6 98 g#(  E!
. d G#
C&-A( B&#( @&
! &
 
# L. d J X k( ,.(
g .w
.#(  M
#
) 6# d #( # %J #( @K:
) X (
&: ' C
)  :( j:#  X#( C-( |( N 
%I (%J
 
.
# #
&( ( C-A( B#( X6 B X R
0X(  0X L# Z
' .x
Rƒ ( &#( L&. ' L.( X6 j: Z% Rƒ
0# ( @g
 Rƒ ( #( # '
.Rƒ
0# ( @g

d. L.(( 
# (  u  $C6 C-( 
#I |( # 5J 2 
 .W
.
) 
# 
0 

:9-E ( B .B .D .? )
k
& d
 d( ,8 Z
 .(  :(  E! " X# |( X ^
k
&>( & F-&
& ,& #(
0 . #( F
6#( @.( X (
&( 9-&! (&M( $%&' & ( L7:#(  : u 
+#-M


& B& R

 d- 56 # e  : .d!1( 
06 t: (
 E ! .
 
#!
  :(  d-  `8 . B#( G1
( 5-
d d6`  j1((  d- 56 #  `8 @X( F( -(  tX (
:
-&. @+C+ 56 G1
( -X  -!#-
 .#( 56 d  R`8 
d  S( ( @8# #( 56 ` -. 
#!
 d 2#! -.
( $8  L: -. S
( @
6 T  jg(  N X#( B#( 


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 


@( X C( d#g :( + . "
6   : @.( @:( `(A
d&  %U] u& G1
( :! (%J " G1
( `# S->( $%' 56 F
. #(
& d& 2#&! .
&( #( 56 `# %Ww  ( $8 5J , #
."d
) 
#!( d  56  :(
^:' $(
 ^9
. .&( G1

 d-   B#( G1

 G1
( @#g 5 - X .U
B&#( RN
& & # L 0  B#( G1
( d-( 
 eu
' (P-(  N X#( B#(  d  @'8( (  C-A(
 :' TI @
' @X  $
# A( , $%' L.( @K: @
! 56  
& " #( @K: C-A( B#( F
X#  ( ,  B#( -.
@-& > Z&%  B#(  : c
#!( 9-! "d  R`8  -X(
@&6 F&#
'  E !
 #! g( E !  #! X# B#(
;&( & @&8
!( 6 G

  98((   0 (  . K(
 `&8 &' L.(  
!(
  .d!
: 56   d #(
n&I#( &
' M Z% 
 J "d  R`8  d d LX" X
N%&( 
&+( X# |( @g N 
%I   Z%   J .0X(
$# G  d#g X Z% 
#

6# #(  ( #
" #( (`#(
'
-
 ' @
!( @K:( 6
0g# L.( @K:
@2! B#( @2! ##  F
0( $%' 6 #
 N%( L#(

0J @6 ( ;


( ## #( (g G# 5J L 0# @ 
#
& c&I# E! Š  <
) #

X
) 6# #( . 
X!#-&M  E(&(
0 N8M 
`(
0 98# C 6#( Z
9-! @2!(
0 L:##
) 
#
)  @2! @ :# 
06
8#-(


c= ]„ ( ! qm HI1
.
c= ]„ (  qm HI 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  


  ! ! ‫ א‬K  ‫ א 
א  א א‬
 

0 &  e
0 6# @- 
 6( C % 1 ! 
02 
0!1(

) 6#
0 6#
 J 
08 F
g#( X!#- X6 @2!( 
! (g>( . 6 F
g#( X!#- 0 *+ . N  
) #

."
0 $ .
# X6 98 M @2!( j1(
G1
( ` L %J Q F
 # #(  (%' d#g k  jg( ._
 # Z% .d#g d!
 G.
# @
I Z%  6#( 56
5:&( E &!
) -
1#-( @6 @
I d t ( (%' 
' G1
(
"d1. 1

 d#'  1
( " - d6 H( 5:
.Z% d#g cDI"  . G1
 G1
( . J .r
B#( : F(% ' #- :( u G1
( ,`#  6 @
! 
 .a

&2 ( & @&.#( &:
6  -
-  0 : 6 R
#IM N
8#(
.N X#( 
2 ( C-A(
^:$C6 (U)   X#( d+ ! ,  d#g X .w
G&# 5&J L 0# @ 
# @2! B#( @2! ##  " ^
d-& C&-A( B&#( 
&   . "#( (g
 & & :( (%'  
:( T#(   
#( B#

&. R
&( 
 @1' (. + UVxU 
6  g( |(
(U]) &.
&X M(  CI $UrVW/a/a |
# (wU)
 
#( 
#( t:I " 
 N%( R
( 
 @1' S8

-&#-M( Z% (
g "d#
 6 @.
:( dX# @


c= ]„ ( ( P) qm HI 1
.#PV qm %V% _` ]MZ
`Zm
 G HIM &X Z- C N­ F0 Š F T ´¥ —qm 2
&0 §* q0  * \Z) «e
Q…8 ´? yÁ* G Ã;<M "…8 ; TZ v
0 [` ´ o‹ G ²c­ 3
M¤ ;;T «ž ?  %PP# MAM G
Ž` >I;¤ *  Ž + ½< 60 H0  +@ HQž ÄAp (##) _` Q< T ¿ `  ? 4
.8 Ž<8 O  [' (#) _`


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

@&
.( @10  ( -( C-M( : Z  ( (  (Ur) .
Z& ( Š  ( `(8 " ! 
 N%( Z 
 @:
I( @6(
& 
:( (V) . (X( %
g ." 
#( 
# @
 N%( C-M( #P( @2  ,
#(  ( 0X( ,8(
N%&(  &( &X(  " % N
8#( B#( `(8   d#
+J
1
&X(  
&#( B#( X6 ' C-A( 
#( : #!
C-M( 
#( ( I#-(  . "...
#( #( S
- 56

&#( & `&#( L 0 R
8 C-M(  
#( 
#((
B&#( & @C-M( @( 
!( 6  (  
#(
& & &' N%( 9K(
-M 
(  8(  
#(
5&#! @C-M( @( 
!B
0 E# M #( B#( (
B&#( G&( & C-A( B#( 56  ( j:
.
# M„J '
 
#( 
#(

 R   <


) #

) 6# #
0 #( 
-.M(  ^9

) &-
-  0 d 9
8
' d! G.
 d#g E!  R
8
 B#( G1
( ,`# ' M C-A( B#( S- 
) 
'
& R(- G1
( ,`# M
) #

) 6# #( 
 (%J d >
&X# |( @g
0!#X #( @K:
) X  @
!( @K:(
B&#( C&-A( B#(  M 
#
 j: 
+(
& ( &' %J &'>( &' Z#( 2 @08  N
8?#(
.@ I

L.( @K: #
) X F
6#(  B#( 
-.  Z% ^F
Q
0 98 E(M 
` C 6#( Z  cI# @!#X(
(`#
& s( 1
&X( C&-M( B#( 
2  
!( ' (%0
@10 Z ' #(   ( 
(  # E! .#(
#&(  Z% 9M 
`( cI# #( 0 #(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  


  ! ! ‫ א‬K  ‫ א 
א  א א‬
 

5 +#-& E(# @g


I # M
0 #( 
-.>( 

&. d&#
 @
!  Z# !#-( G#( ; Z% 
N&8# %J Z#( 
 ' G#( 9- 
 J  dg.
. F
#( 
! d6
L.(  :  Z(#C
0 #( ;

 #
 d. ^E

&
#
 @2! @ :# 
06
8#-( X!#- M "
&6( C %1 ! 
02 
0!1( 9-! @2!(
0 L:##
X!#-& &X6 @2!(  0   e 
0 6#
DN  &
) &#

) &6#
0 6#
 J 
08 F
g#(
&! (&g>( . 6 F
g#( X!#- 0 + .
(%&' (    ."
0 $ .
# X6 98 M  @2!( j1(
^: > Z% ,.(

8 X(
C&-A( B&#(  #(
0  #( 
-.>( (U
#( Z 
g cI#
0 ( @K:
) X
. #( @10 @ j:#
#(  (X @
I d X( 8 6( M d B X( (_
&X! @g& d&  9
8 . B#( F
 I 2 #
 &(
 
 # d F+ L d %J #(
.  (  :( #   ( Z#(  56
& Z& d& ( P #- 8 98#- Z% 
&X6 8  6  <
 d(`#
  d (  :(

#(  M(  8 ' :( $%' . d6 ,.
B&#( @&X+ -# Z(#M( -. ,  Z#( %(

&06 ,.#( #M F


#( B# ( 2  #(
&' B# @X+ `
! ## &B#( & (. &
@&
&`8 A
 5-&
&#
&
& &
&X( &
&8 &
&6 &
&


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

– X( 
#
 j: . Evidence of contract
  :( 2  j1( 9-! # d – d#g 


@)  B#
)  #- g
  :( 2  j1(
 F
#  F(R
+#-(  B# F
 B# 1
+
d#g& Z%  . 
I(  
#( 9- 
-.>(
& L( N(#M( ( @- %I>( k#.(
 !
& @#  !# 
I(  X# 56  d B#(
.   :
0 
#-& &8  &6 2  
X!#-M( B  L %J (r
.$ P

&X B&# g DN


4 > @ B#( @K#( (A Z% (a
#&#  @!#X( L.( @K:  @
!( 
#( @K:
N%&( B&#( 9& Z#&( @1#  @K#( $%'
N  d 6  d B# g dK# . !# d8
& d6# . d 6  d. . !#  5 
&# R(&- B#(  #- ' ' 9( (%0 .d 6

 .!( X( @
! d6  (  X( ,.# 

&g .  !# # d8 N%( ' 9( (%' 
& !# #& d&. @
!  d + .dg   B#(
@- ( I#-
 B#( g @K# @:
I( @#(
& ,
 M B d#g
0( 
 #( @(#M( (
.
0 %I>(

-& ( &
) I @# #  98((  X( (w
Z
& ' S 9##  (%J  Q LC#IM( (`  ()R 
&X(  :M( ( 
2 # . .
#(  


F
+( M( '
 @
#(
( @'
 d6 
#M( #
 '


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  


  ! ! ‫ א‬K  ‫ א 
א  א א‬
 

& &#!
' 8 :( $%' @0
 
#(  #


 
 '
( X
 #  1
-( 
 %J c(`(
.9# X6 0 (%'
L& &X  #
  X( 8  6 @
!  (x
g& E&!  g( d !  F
X!#- N-#
Z&% &. .
0
-  
-I( @ dK B#(
. :( # g d P N%(  ( '


 <
 d6   X( 8   M 8
- (%J (W
X!#-& 0 " d#g . 
 Q@
!#-(  Z% 
M @&2!( j1(& ! (gM( . 6 F
g#(

#( Z
'  P Z% u ."
0 $ .
# X6 98

&#( 
& & Z% 56  :( Z#(  #


!( 
  X Io -( ' 
#M( > Q '

@6
:   I#- ' @.
#M
 
#M
 X( -
5&6 & E! B#( 
6J 
8 
-M 
#(

&&#( 
&&6J @&&.
#
 B&&#( 
&&6J &&X6
.Reinsurance Treaty
#&M X
 -# C-A( dX(  FM
! Z
'  (\
F
&X# & 
!( '
 ( 
06 ,.#(
& J " :6
8( X E! . `1
8
 6(  @
8(
8 <
' 
+( L( B
6 "(% d (% N P
d& u &6
8( d
 ' !( 
. (%J  d # # 
.d&.# # X6 8 M – 8M( N – 8( !#-
 .L( @
8( X6 98 d#
g
X d 
 
QLC#&I( E &! (%u X# |(   X( k#X( 


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

&
&08 :&( #& 
&!   (&. DNB
.6`
#(
&2
%&I (%u  X#- M X6 8   X( J (V
N8&- N%&( 9&(  Z  C+ ( (
#C

G&#( d6 98 BI eu Rƒ ( Z L:  @6
Z&% 
&+ @ ( ; 5J G#( : 5#! d1I
1
&- 
( 
8 ( 
( , '
( 
#M(
::&I( S &( S( &( &8>( 
-
 & &(

! ## #( X( `
( 
81#-(
& &8 . :( $%'  .|(...... @# X6
@'
& 
#M( d6 #
  @
#  X6
'+(
.d t
I( X( 
! d6 N8# ( X6 j:
 ' 0#'
8  () X6 (6 . 9( J (U]
&' d6 #(
 #!  #M RXM
-&( 
&8A( @
g&( &X6 Z% 
+ '
 X6
. X( 
'<
F
6&g LC#I
& L&#I# B#( ( J (UU
(  
  ? @K#  Z%
) # L#I# B#(
& j: LC#IM( (%' .Z(#M( ;
g  B#(
& %&I>(  -
. g#  # d -(

#
 @#I( B#( F
6g  
# 
#6M(
&  LC#I(  d6 9##
 
#( (%' u
d#
+J  M F
(#M( ;
 Z% F
K#( ( 
>  $%
& J #  C
) !#- -  .9# Š
& &08
 J !( d P , M 
#(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  


  ! ! ‫ א‬K  ‫ א 
א  א א‬
 

 @:( I# 
 '
( C
 
#( 
.@ B#( F
 I( %
 J  @
!#-M( 

%Ww &' @&  9-  F


08 EC+ 56 G1
( ,`# #  k#X( ^x
`(( L 0 I( $8  L:  %U]  F

#!C %Uw  #
B&#(  &IM d8( (%' ( $(( N%( . @ -   : @.( @:(
 F
08 ( ,`#
 $ ( L
g 9- d!
: <  -  C-A(
n#  . F
(#M( $%' ( %( #(
0  

 (g(  
4
#
0 & #&( $
&8# F
&(`#M
 R
(   :(  X  6 Z% 6
.#
 (`#( 0 > Z% X!#-

2:
E& ( D .B .D .? )
;
( u 
 : (%J d L.(   t   98 " X# |( X ^
." ( $8  ,X  < d8 5J L:# F
(`#(  d6
  -#  d @.
(
^:' $(
 ^9
 &: ! @
!  d 56 " t  @
!( d#K: C-M( B#( J
&< d8
g ' ."( $8  d#
(`#( ( -  d#( 8 L:# d#:# B#(
.,X 
2:f    I& Q  (F .B .D .? )
( u& &X# L&.( R& # #( B#( @ J " X# |( X ^
$%0 ,8#  L. #
0 X#
 u  :( ( J
 d( 
+#-(  :(
:&# L&.(  9-! G1
(  L:## F
g#( , # F
6#( @:(

&( . 8( @ I( $%' R


X !#-# 

# C: @( F

-!   :( F

-!
&# ( 8( Z% !#-# 
+#-C  d X# (   :( (( 
+#-(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

d ( '
2( .
+#-M
 @:
!( k
M(  
6
 ()R`8 Z% !#-# 9
g d
&# ( & &!( F.  
0(  @
g L. @#
0   ,
 M
& 9
g&( j& @- 6 C.  tX # j(  @-  :  X @
g(
&8( &6 &`
 L.( G( 8B#- ( L.( 2
 (`
8( R
0X( 
 -(

& 1 .@!(: R
0X( C  $(  ( @
g( d6 S
X# (  . +(
N & !(  (  @
g(  L.( @#  @( ,8  Z Z
'
 :( ( M @( 8
#- @:I( d#: L.
#
02 !( ( @(
." @
g( S
-( 6 
+#-C (M(
0( ,  8

L&.( 5&6 1
X(   d L.#  
 " C-( |( N  ^9
&#( R( `(8 56 cI 9
g( @:  L.( 56 
X( 
ƒ
8
@
g(
' # . K( @0#
 +( 8 6 `
 L.( G L.
(%J d&  ,
& M 8 nI# ' . 9
g( 2!  -(  T8
 .B
." r L.( X! K M L.( 56 1
X(  56 
1M( @
K(
^:' $(
 ^c
98  @ '
    @ @ #
' @( .U
d&#M R  #
 X# L @ #
0
  R N
8P 8( #
g(. 
( (%0 Z
(  Z% G# 8 M
d&  &# T%( L( , 
#M( 8  
0#
8J P
 8M
M d&6 8P# #! d#

0  F- 8P # 0 Z% 8(
.N#  8
#-# (
0  d8 
( 9!
:  G# !

&# d&2 !( ( @(    (  " d#g C


( ._
, & 8
  :( ( M @( 8
#- @:I( d#: L.

.+<6 n6' , 8 o‹ N< ˆ ZA7 [; G Z7M


8 Z 3 1
. qm
c= ]„ (3 8 a%:% «) F t`; F T MZAŠ ´   2
.;T?*
c= ><p ( (V ) qm HI 3


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬
 

 %J
X  %
 S ."@
g( S
- 56 
+#-C (M(
0(
-&
& %& 
0 
( ( ( ( ( 8P( 8>(
L(&M( & 
&#( 6
#6M(  6 9-
0:#  X
' 8
.@ (

&
# :&(  #( 8  6 ' d#g k  jg(( .r
( (  !( @08
'8P( 8>(  :( F!:(
&
& ' 
& @

0J 


! 
) g(  !( @08
'
&'
&0

0( 


!( Z%  ( (%' F!# Fg 5#( F(
(
.@
-( F(
(  Z% S#
 L.(
&'
 . j @- 9
g( g
X#  d#g k   Z% .a
8
#-& L.( 2
  R
0X( $`
8

- B#- -(  1
-
# M k#X( (%'
) 6 .+( 8 6 
 d-  L.( G
C&-A( B#( 
 @!:  S ' 
#
 '
-
8
.$
' `(


+  G K
&  2B
5&6 @&-(D ( F
6&g ! R
( R(s
) :I  R`8( R`8( 
^: 
#( ! (
:!  a5 1%
A&  (  .B )
M 9(&+( @&' S
&- 56 C-A( B#( X6 L# `8M ^U
.#
 (`#M(
@K: ' C-A( B#(    ( @
K( X!# #( @K:( ^_
.d! N%( ! ( 56 L.(
&6 9& # @& 
X( @:&(
0 & F-& 
#( @2!  ^r
.#(
. B#( 
-. 
+#-( F
6 56 @
g( @K: # `8 ^a


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

@
g&  @&
  
&8(J 
 R(- 8>( 
2 # `8 ^w
.B#( 
-. 
+#-( ( J F
6 56 j(  @- 

:  3 a5 1%
A&  (  .B )
SI %  ( -(  @C-A( B#( @
0#X #( @K: J " ^U
F
&
&0## UVV_ 
6 %  ( -(  F
( ,8
0#X @ - 6
! C F(`
 #( L.( @K:
06 Og# L @C-A( C( G  TI
."
0#!: G 56 (%'

-&. 
+#&-( ( J 
&6 &6 @
g( @K: # `8 d N ^_
.B#(
d&%
 5&6 Rƒ
&  8>( #  @ @
(  
8A( # N ^r
 0::!
X --P(  8>( ,`# #
 9
8   08  S-P(
.
( @

!# 
( S 
# '
 J @' S ' Q C-A( B#( 
2 d6   %( #( J ^a

&0 (%&0 9(&+( @&' & #( d M C-A( B#(  #( J .t
I
.
#I
#&( @1' ' #( +
  #( +#M B#( @2! ^w
.@ 
X( @:I(
0 #(

&+( &X# |( @g d 
. N%( k( 9-! L.( @K:  N ^x
.- <
:= a5 1%
A&  (  .B )
j&I# 8#  # F
: F  X E! #
# R
+ dJ F
 ()2 "
."  d#!:  #  L. d 56  B#( 
#(

.
c= ><p ( (a) qm HI 1
.
c= ><p ( (E) qm HI 2


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

:Qg "%  "/ 4 1%


A&  ( ; .B )
t
p & &8M d ^L.( @K: k#X 6  
 J – d#g N x
 0&6 L&. L: L. d   #"
 B X j: 0X
& ,g&I &
. S L.( 56 #( (%'   #- 
nI#( (%' # Z% .#( ( X#
0# #( F
6#(
.d S B#-   S
#(
#( 6 L#I C-A( B#(  (`#M( S
- 56 #( J ^x
& d( d8 8M 
#
 9(+( @'  (`#M( S
- 56
.9(+( @' C-A( B#(
B&#( 
-&. 
+#-( F
6 56 @
g( @K: # N ^W
.X
 : 
I ( A @
( 
8A( #K: # 
) -B TM ^\
.B#(

2:& %
A&  ( ; .B )
F& d&
& 0X( 
 `##  
+( X# g
X( |( E! J (U
1
&. '
 # ;:( !# C-M( B#( @8# 
#'M( g 5J 
2 >(
@ 
 
#( @6
: @2 (  (X(  #( @1' 56 t ( t:I s(
&X6 
06 t ( g , @C-A( B#( F
 @:
I( @-
-M( 2 ( 
M &>( (%&' .C-A( B#( S- 
'
#6
 @!g( # 5#! B#( 1
+
 & @
6 @: 
( @:
I @: C-A( 
(  @1
X( 9
8#(  s( 8
I%&(  #-# 
0 > s( @1
X( 9
8#( d#'
 ! ' d#g dJ B8
 
Q !( ,g 
 N%( 
+( X# |( @g 
+B @>( R
0X #( @0X(
#( @
#6M( @:I( 8# 5#!  L.( @K: 56 C-A( B#( 
. Z% k#.

.
X( (
0 L#


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

F-& @&!#X( L.( @K:


) X C-A( B#( F
 I 
. J .
N P#- %J Z%  GX ( X!#  Q C-A( B#( F
 I @g0 X!# @K:

-&! ( #&- Z% @D:! B#( @# 
#( @6( F
X( I 5J
.C-A( B#( 

&! ( 5&6 0
  R`8 ` --P( 9
8  @( $%0 L.( X
k( N
8A( ! ( 9-! L. (`A( #( 9
8 k( N
8A(
#&( %J : $( L. " L
 , G
# d L.( (%'  E!
( T
& L&.( j: C ()
#I  e L.((  @
!( @
( @
(
." d#
6 j:#M %J $
B& "@ !( X
  
  L.( (#.(  6 R
0X( # Z%
 (% .L.( @XX! d#

 L.(  d :d! d 6 L.( R
X( #
&' L&.( &! d#

 L.( d  R
 5# L.(  8( d-  
& L&.  :d6 H( @! -
X(  
. "  K( 9
# 9!
: % Z% ."`(
." d (` X 
- $Io + 0X6 ' M  . 56 d  dX6  @!:
&. B&#( & 9!- ( (%J Z# `8M d
 # t: ( $%' 
&#( 6 d N%( -X( X#  9
 ( B#( -X d ,   ( R
gX (
@&-
( & d& @!
# s( ' ` Z#( X (%' .@K#

0 ,##M #(
N%&( B&#(  B&#( @ FK 
 ( + #- :(   @
!(
5#! B#( -. X#  @ B#( @K#( X- d >  9- DN> Z#(
0 d
.X !(  B#( T- 
&6 &8( `&8M d 5  d (`A('  Z
' u 
  X#

& L&.( &# " J@
( R
+#-
 08( X Z%  d X(  L.(

EV%E/P :
X + [ +  . 1
EVVP/P :09 HI* 2
a$VE _` n9 %P!/V : ³4* Z` (0 3


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

$K  d-  #


) 1 LX B M) 08  

  ( 
I   
I(
."#( @0
 L.(   R
 # d 8(
$%0 # e d` " ’@. @2! R
 J B 
+( |( @g . J
5&6 , 
 J
0 , 
 B X( ,#- 5#! # @ 
# @I @: @2!(
5&6 @&2!( $%' #  5J @8
!( F02
'  .@g
(  
#( S
-
."L.( S
-

&6>( ,&8 & &# @I @2   @.( B#( @ F
: (%J
(%( 6#( #( G#
0(`#( 9
8 @
(
0#
(`#( 
#
 F (` @I(
d& @&( @!
(  ,.(( 8 Z(% (%' . G# @8( (g>( 0 FX!
.
0 50#  M @X
k&g(  &6 d& #  
&+( X# |( @g .  # N%( k#X(
 E&!( (%'   X#( R`8( 
0#
+J # #( 9
-( 9
8 (%' @6( @C-(
..&( B#( @K: 
+( |( @g d6 5  #( RN


# 6
- M
^:@
#( F
2!( F
2!  $
%
 56 Lg
g
'
%J B#( 6 @ , 8-    N%( ' d#g $%
 X ( L.  J
(%&'  T
 u  @XX!( $%'  <
 .()
X6  ( L.(   9:( 
&  & Z%   .B#( F
 I ( #( E! 
- S
) g (
& @&6
8 6 j: X ( L.  :
!( " : X ( L. B  d#g d
.

L&.( 56 R
0  L: M 
8#(  @K @.( X ( 5X#  R
0X(
u& L&. d #
 Z% k
  L.( 9-
 06 L:
 J06
.""
) . :# M L. F
6#(

EVVP/P: 0 HI 1


.
c= ]„ (  qm …8 2
.
c= ]„ ( $ qm HI 3


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

-&-P( d`
 ## L.
' %( X ( 
' 2!C (

& J F
g&#( d&  L: M L.( (%' 
) .  0
 S  
C& Q--P( 
  `( (%' #  eJ @(  .d!
 N d  L:#
& c%& ( 
. J + .
+( X# |( @g d!#X N%( c% ( 8

#
 X#  X L.(  : u Q)
. 0
  --P( d`
 X!#
#&(  8>( --P( !#- d6 Rƒ
 C-A( B#( F
 I
( :
' Q X F(% 8> ( $%' 0#
6#  0#
(#( g
0   #(
& @-  8 
+( ( ..( B#( 
I ( J 6 8 Q >(
(%&'   :( ( 
+#-
 --P( 
. 2 @
g( - 56 k

&: S ' :( $%' 
' T

J .
+( X# |( d!#.(

-&-P( > 
0#!&:  &6 56  ( 
.  d#g
' X# ( #( 9(+( @'
j:& 
0X
0 6 E !( - #( 8M(  Z% +# 9(+( #
&X6 
'C @0( L.( B
) 6  8>( X#
) 
.
' L.(
.F
6#(
S& L. d #"
  d. L.(( 
# (  #
 (9
&# eB& k&#X( d8% S- . d#g u QL. Z '  
) .

&  5&6 () #- F


g#( 0 , #  #( (%'   L. #(
L.(  I   #( d 
  P (%' .
) . S L. d  #"
& 8   d S L.( J ,.((  @8# ( j:#  # '
 J
@K&: :&# 
#
0#
6#  , #
0 > # , *# #( F
g#(
.L&.( S #( 6 1
X( 
#( @K: ' d#g k#X
. B#(
.d#g
' X#  #( @
!( B#( @K: ' %(
L&.(  : # 0
 S   ` %( --P( J (c

+#&-(
& J d-& L.( ,.((  0 ' S @C-M( 
#( @
1
( '
 J Q$
.( N%( L.( S
' , ( , 
 06 
 0(
 & Z% @8#  
) . 
 0` d
X ' 1
6 
J . B#( 
 ( 


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

 :&( 
&I ( J &8 2  L.( 6 @ ( @ B#( F
 I( $%'
:X( 8 (%' .@
g( - 56  :( ( 
+#-( B
  8 
@&
( ,
( X!#
 J L.( S C-A( B#( X!  
+#-M( 
& &( " @&:>(  6
X( t  d6 ! (%' 0 : > --P
5&6 --P( 
.  Z M . "
( 2
‡ M 
( :
X X(
5-& #( L( '>( 01(  K# B#( F
 I S-B# 
). 
( `6
.
 X! N  +#- 
0
L&-
&
) &X 0#(
+#-( 1
6 56 --P( :! : (
@-( CI>( 8-  M N%( tI( 9->( @-I(  
0 d!
S&
& ' &#( #
  0 @- 
 N
+#-M( 1
( X!# >
d- #B #(
 J Q ^ d#g X
 ^
) #

) 6#   d  GK(
@08  # G#( d  #B-
 @08  0J N
( 1
( I (
.NI(
&0#( J &2 -&-P( 8 , #-   !  d#g J (&'
()2
& 0#:& #(
0  #( F
6#(  , # '  B#( 
I
#
 " ' d 
. N%( E
+( ( , G
# (%0  Z% 
 J L.
#( B#(  : ()  0#:  " L. Z '  
) . S L.
 &: &'
 J Q)
. >( j:M Z% 
 J  #(  d
-.B
' d- L.(   L. 2
 0#8 --P( %IB  . @ B# F
6#
# (%0 Z% 
 J Q--P( d`6 N%( ;( 
' L.(  -(
8 &#( t.
& #( 5J N P#- , #- #( ;
( >  (`
 L. () 0
 
&( & L.(  : 9g @8# ( j:#
 
#
 L.( 

,  . J .Z% L.( 56  ( C-A( B#( 0#  L.( R
0# (
& L&.( 2
& &' L.( X 
+#-(  1
( ,(  L.( 2

F
g&#( d&  , #- N%(  ( ,( u QZ% 
 J 06 L.(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

&' %&( 0&6 L.( $


8# d#
(`#
 R
( 56 TX M
) g -
.#(
F-  G1
(  %Uw @-  d#g k#X $ ! N%( 
#!M( J (
$%&' 

6 d!#X( @- ( dK `
8# 9( 
#!M( 
 (%( @-

5g&#X  @&
6 @: B#( @6
: S-( g#X
0 # # F

#!M(
k#X j: 
#
  ( (  C-A( B#( F
 I 2 # #(  (X(
d#g  9
8 (%' .@-
 F- 
) 
#!( # G1
(  %Uw 9 8#
F
 &I `#&-
&#! #( @
( @ ( F
::I
 - N%(
 % 
. @ - : B#(


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

:+ $ 

I &  ( 


 ( @(  S-
#( @! 6 @##( F
(`#M( ( 2 
 ^U
#  @ 
 
#( 
  @2 (  
X

0(`#( , 
#( @ @(#-M

&#( F
 
( S  @` € 8 Q8( @
!  
#( 
: 
( (

&#( @& &X# & Q  ( (%( (% . ( 8 >( @` ' Q@C-A(
.
) #
# @C-A(
`8 M  X B#( 
-. 
+-( ( J  @
g( @K: #  ^_

 #
 B#( @2! 
-. 
I ( J 56 @
g( @K: #
@K:& &#
 C-A( dX(   (( 
!>( , Z% G
# 
.@
g(

-&. 
+#&-( @&6 
) -
 dX#  N%( @
g(  J ^r
& @&  @&-  Z% 
 @X( @
g( ' B#( @2!
@
g&( &# B& j-M d N E!
( 
 .
+#-M( F
6
N P& ,g( (%' > QIs( G( T   X #( G @X
.5g( I#( 5J

B&#( F
 &I 56 @
( 
8A( 5#K: # @'
8 E!
( T ^a
T%&( &(  8>( 
( ' ^--P( – 0->( @! 
#6

Q( ( Z
(  8B#-(  X B#( @2! 
I ( J  
 &. 56 :! ( A( $%' 2  B#( 1
+ @! 0 P( '

) &- $  !# T8 N%( ( X


 . d P(
0  #( B#( 
-. 
.
) 6
 ()R`8  () ! () . 
 R(-

I ( J 56 8>( # @C-  dJ
:#
  E!
( T Z% ^5
 @
( 
8A( # 8 ( L:  (   S -( !  B#( @2!


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬


 

Q $% L- N%( ! 


A( N  5J  #-
) -
) X# B#( 
I ( J F
6
.`1
8
' @
(  
8A( j:# ! 
A( N 
) X
N%&( S  Z
 
f N  $ -
) g dJ
:#
  E!
( T Z% ^6
0( d
#  -
.  !( 6 
A( 6 I #( -   !- 
A(
 dX

. Q
0 6 E !( 5g #( "T( @  ( " 
( 9'%( 9# '  # N%(
F. J F  " S  Z
 
A( 6 C
) X -
X( !( 6 
A( 6  !- 
A(
& 6 `8 Z% B -
.  !( 6 
A(   d: Z (%' 6` :!( 8
M " d&.
-M d 6 E !( - N%( ! 
A( N  56 ()
#-(
) g( ."Z
 
A(

 J @
X(  J 9! ' d  cI
 S - I ( : `( :!  S

&6
) 1& 6  (  56 ' @P
 d6 X $ '
 (%J d >
'
'`
8
. ."
)  ()8(  
( $ `8
& B&#( #
!  c
# A(  

   ! R`8 8>( %I :
 
. (%J ^7
@&2! 
&I ( J &6 8>( %I @
! 
) 
# #  K(  8 Q K( E!
F`
&8 (%u& Q ()- ()<  d:  `(
:! @
!  K( 
   B#(
@&
!  
8A(   . ( K( @
! `1
8 #  5>(  -( K( @
!
d& 
 ( L:  (   S -
 8>( 
X B#( @2! 
I ( J
 c
# A( d 5#B
 
( R`8
 
8A( @
!  @
 + j:# Q C d P(
GM( d 8#

, 
 ! QB#( -.  ( L:  (  S -(
. J
' ^8
S
.  B#( @
0 X# #( @ ( F(R(8M(  B„ #( -. d P(
& 6 X(  d#
: $( X
  N%( -X( ( X  !# I

& . (%J .&K( Z%& @&


08 
#( R
# M( @( $%' 6 n#  Qd(J
&8>(  !# Q (%'
!
X B#( @2! 
I ( J 8  !# @ 
X
 8 Q  ( c
# A( 

 c
# A(  
( R`8(   G>( d8# #


!%/V ¢4* Z` (0 1


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

  ! ! ‫ א‬K  ‫ א 


א  א א‬
 

M
&  (- 
 J K(
0 c
# A(  
 R`8 8>(  !# @
!
( &X(  %J Q@&#( B&#( @2! 
I 56 8>(  !#  K( 8

&J Q
0 < M @
08M
) 
#
) 6 @ B#( 8  !# @
!  @:(
L:& (  ,(   E+( : Z. ! c
# A(  

 R `8 8>(  !# 
.()- (  J K(
0
  `(8  %( R
0X( N  @!: j8((   02  X#
 ^V
&8>( > L:& (  E+(  ,(  
 c
# A( 
) 6
 ()R`8 8>(
. d 
 @P #
E &! 0 Q @# ( 
A( d 
.

) X 
!( `. E ! u Z% ^U]

 c
# A( (  
 R`8 8>( 6 0 (  @8! #M (% F
+ <
H( 5&: d#
 E ! , # c
# A( (  
 R`8 8>( 
#6( 
  &6 @!&: P
 (%' . `  #  
 I '> - d6
&( 
&A( d
.
 @!: P - d6 H( 5: d 6 "
!( `. " E !
c
&# A( & 

 R`8 8>( $ 6 `8# N%( S  Z
 
A( N  @#
()R`&8 &8>( #  `(8 N N%(  !  ! 
A( N 
g d6 
 ! 
A( S  Z
 
A( N  :#
  X# . c
# A( 
) 6

. !
n&I# 
+( X# g
X( |( @g d  X# N%( k( CI  ^UU
j&( :
&'  0X   G(#-(  QL.(@K:
X 
#(
`(&8 &6 6&(  ( F#  Q C-( 
#I |( g(  :(

-/0 10  ) , *
L.(  C6 L.( @K:
X 
#( nI#
S&-( N%( ' ( (%' (234 54 0 6 7 !3  234
 k#X( j: 
#
 .L.( @K:
) X 
#( nI# d! d#g d6
.`1
8 < @
!( d#:


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.
  

 ! ! ‫ א‬K  ‫ א 


א  א א‬

 

‫ﱠ‬
: ‫ﺍﻟﺘﻮﺻﻴﺎﺕ‬
E!  @
( 
8A( #K: # ! d  5J : e #P(  9 ^U
8>(  5X#
 ,`# 
-.>(  @1 @-  @(  8>(  !# @!:
.
( S   0   @:! , 9-
#
 --P( 56 @( 
B#( @2! 
I ( J  @
(  
8A( c% # E!
(  : ^_
^:#  56
B#( X6 (J F. d 6 %IP# B#( -.  ()R`8 8>( ^
-&. & ( L:  (   S -( R`8( (%'  B
.C
)   ( B#(

&0  $  !# T8 N%( R`8( %IB#


0 B#( @ #  ^9
@:& ( X @  8 # 8>( u X( (J 6
k . M
) -
) X# @
(  
8A( k% # j: 
#

.$`(8 5
Z&% 
  X < @X Q@
(  
8A(  T
 #  ^c
.#K:&( &#  @-C-
0- B#( @ @!: 
Q B&#( @2! 
I ( J 56 #- #( 
8A( J ^

8A( Q
0#+ 
  L '
 
6>( 56 
8J '
9!
&: R
& ( 
X( Z
 
( ( 9  ,8# #(
.|( ...
I( 
X(
.
) :
I ()8 S
) # ()8 '
-(  ^ &'

&( &:( L &0 F


-( (  `( 6 L.( @K: k#X 
#'M( ^r
.C-A( B#( F
 I  L.( @K: # @C-  6 ( @C-


     
  –
      
 
/  0! !" #$ % &'( )* +( ,-.

You might also like