...

『ニーベルンゲンの歌』における triuwe

by user

on
Category: Documents
3

views

Report

Comments

Transcript

『ニーベルンゲンの歌』における triuwe
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ ࠆߌ߅ߦޢ‬WULXZH
̆ࠢ࡝ࠛࡓࡅ࡞࠻ߩቲߩⷐ᳞ߦ㑐ߔࠆ౮ᧄ %࡮& ߩ⋧㆑ࠍᚻ߇߆ࠅߦ̆
᧻ේ ᢥ
ᐨ ࠢ࡝ࠛࡓࡅ࡞࠻ߩ
ࠢ࡝ࠛࡓࡅ࡞࠻ߩࡂࠥࡀߦ
ࡂࠥࡀߦኻߔࠆቲ
ߔࠆቲߩⷐ᳞ª+RUWIRUGHUXQJ©
ⷐ᳞
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߣ߈ߴࠆ޽ޔߪߦޢ‬ᕁࠊࠇࠆᖱႎ߇ᦠ߆ࠇߕ‫⺰ߚ߹ޔ‬ℂ⊛ߥᢛว
ᕈ߇፣ࠇߡ޿ࠆࠃ߁ߦ⷗߃ࠆ▎ᚲ߇ᄙᢙ޽ࠆ‫ߩߘޕ‬ਛߢ߽૞ຠߩ᭴ㅧߦ⋥ធ㑐ࠊࠅ‫ߩߘޔ‬
ゲࠍំࠆ߇ߔࠃ߁ߥߣࠅࠊߌᄢ߈ߥਇᢛว߇‫ᦨޔ‬ᓟߦ⊓႐ߔࠆ‫ޕ‬ᄦࠪ࡯ࡈ࡝࠻ࠍᲕߒߚࡂ
ࠥࡀߦኻߒߡᓳ⼦ࠍ⋡ᜰߒߡ᧪ߚࠢ࡝ࠛࡓࡅ࡞࠻߇‫⚳ᦨޔ‬႐㕙ߢ᝝❈ߐࠇߚࡂࠥࡀࠍ⋡ߩ
೨ߦߒߥ߇ࠄᓐࠍහᐳߦᲕߘ߁ߣߪߖߕ‫ߕ߹ޔ‬ቲߩⷐ᳞ª+RUWIRUGHUXQJ©ࠍⴕ߁႐㕙ߢ޽ࠆ‫ޕ‬
వߕ‫ޔ‬౮ᧄ %ߩ࠹ࠢࠬ࠻ߦᓥߞߡᒰ႐㕙ߦ⥋ࠆ߹ߢߩค੐⹞ߩ╭ࠍ᭎ⷰߔࠆ‫ޕ‬
ࡉ࡞ࠧࡦ࠼₺ࠣࡦ࠹࡞ߣࡊ࡝ࡘࡦࡅ࡞࠻ߩ⚿ᇕ߇ࠪ࡯ࡈ࡝࠻ߩදജߦࠃߞߡᚑ┙ߒߚ੐
߇౏ߣߥࠅ‫߇࠻࡝ࡈ࡯ࠪޔ‬ንߣᱞജ‫ߡߒߘޔ‬ฬ⹷ߦ߅޿ߡ޿ࠃ޿ࠃࡉ࡞ࠧࡦ࠼ߩችᑨࠍ⢿
߆ߔሽ࿷ߣߥߞߚߣ߈‫ޔ‬㊀⤿ࡂࠥࡀߪࠪ࡯ࡈ࡝࠻ࠍᲕኂߔࠆ‫ޔߪࡀࠥࡂޕ‬ኦᇚߣߥߞߚࠢ
࡝ࠛࡓࡅ࡞࠻߇࠾࡯ࡌ࡞ࡦࠥࡦߩቲª+RUW©ࠍ೑↪ߒߡᄦߩߚ߼ߦᓳ⼦ߔࠆ੐ࠍෂᗋߒ‫ޔ‬ᓐ
ᅚ߆ࠄቲࠍᅓ޿ขࠆ‫ߦ࠻࡝ࡈ࡯ࠪޕ‬ᄌࠊࠄߧ⺈ታߩᔃªWULXZH©ࠍᛴ߈⛯ߌࠆࠢ࡝ࠛࡓࡅ࡞
࠻ߪ‫ޔ‬ᓐࠍᲕኂߒߚ⠪ߦᓳ⼦ߔࠆߚ߼‫ޔ‬ንߣᱞജࠍᜬߟࡈࡦߩ₺ࠛ࠶࠷ࠚ࡞ߦᇾߔ‫৾ޕ‬ᐕ
ᓟ‫ޔ‬ᓐᅚ߇ᓳ⼦ࠍ⢷ߦࡉ࡞ࠧࡦ࠼ᣖࠍ㙺ኃߦ᜗ᓙߔࠆߣ‫ߩߘߪࡀࠥࡂޔ‬ᔃࠍ⷗ㅢߒ‫ޔ‬ෂ㒾
߆ࠄりࠍ቞ࠆߚ߼᜗ᓙߦߪᔕߓߧࠃ߁ߦ‫⺑ߩ࡞࠹ࡦࠣ₺ߣޔ‬ᓧࠍ⹜ߺࠆ‫ߪ࡞࠹ࡦࠣ߇ߛޕ‬
߆ߟߡࠢ࡝ࠛࡓࡅ࡞࠻ߣᚑߒߚ๺⸃ߩ⹿޿ªVXRQH©ࠍ᜚ࠅᚲߦߎߩㅴ⸒ࠍᜎุߔࠆ‫ߚ߹ޕ‬ੑ
ੱߩ₺ᒉߪ‫ޔ‬
ാ᳇޽ࠆ⠪߇ᚒ‫ࠍߩߊⴕߦ౒ߣޘ‬ᱛ߼ࠆߥ‫ޔ‬
ߣᥧߦࡂࠥࡀࠍ⤪∛⠪ߛߣམࠆ‫ޕ‬
೰ാߩ჻ࡂࠥࡀߪߎߎߢ㇢ౄ㓐৻ߩᱞാߩ⹷ࠇߦ ߌߡ᜗ᓙߦᔕߓࠆߎߣߣߔࠆ‫ࡀࠥࡂޕ‬
ߪࡈࡦ߳ߩᣏߩ႐㕙ߦ߅޿ߡ‫࠼ࡦࠧ࡞ࡉޔ‬൓ߩ‫ޟ‬቞ࠅᚻ‫ߣޠ‬ឬ౮ߐࠇࠆ‫ޕ‬
ࡂࠥࡀߦࠃࠆࠛ࠶࠷ࠚ࡞ߣࠢ࡝ࠛࡓࡅ࡞࠻ߩᕷሶߩᲕኂࠍᄾᯏߦ‫ߩࡦࡈޔ‬ችᑨߪㅜᣇ߽
ߥ޿Ვᚧߩ႐ߣߥࠅ‫࠼ࡦࠧ࡞ࡉޔ‬൓ߪࡂࠥࡀߣࠣࡦ࠹࡞ࠍ㒰ߊోຬ߇Ვߐࠇࠆ‫ߚ߹ޕ‬ᄢ൓
ߩࡈࡦᣖ‫ޔ‬ㅟ⇐ߒߡ޿ߚ⇣࿖ߩ㛉჻㆐߽Ვߐࠇࠆ‫ޕ‬ㄝႺષ࡝ࡘࠛ࠺ࠥ࡯࡞ߪਥำ߳ߩᔘ⺈
ªWULXZH©ߣ‫ޔ‬㆏ࠍ᩺ౝߒ᱑ᓙߒⷫᣖߩ⺜߹ߢ߽⚿ࠎߛࡉ࡞ࠧࡦ࠼߳ߩⷫᗲߩᖱªWULXZH©ߩ᧼
᜽ߺߦߥߞߡ⛘ᦸߒ‫ޔ‬ᆷᇣࠡ࡯࠯࡞ࡋ࡞ߣೝߒ㆑߃ߡᱫߧ‫ޕ‬
એਅ‫ޔ‬౮ᧄ %㧔 ᐕ㗃 6WJDOOHU+DQGVFKULIW㧕ߦߟ޿ߡߪ %DUWVFK.DUO$XVJDEHGH%RRU+HOPXW
+UVJ 'DV 1LEHOXQJHQOLHG $XIODJH:LHVEDGHQ ߦᓥ߁‫ޕ‬౮ᧄ &㧔 ᐕ㗃 'RQDXHVFKLQJHU
+DQGVFKULIW㧕ߦߟ޿ߡߪ +HQQLJ8UVXOD+UVJ 'DV1LEHOXQJHQOLHGQDFKGHU+DQGVFKULIW&7ELQJHQ
ߦᓥߞߡᒁ↪ߔࠆ‫ޕ‬
ࡂࠥࡀ߇᝝❈ߐࠇᓳ⼦߇ቢㆀߐࠇࠆߴ߈⍍㑆‫ߦߋߔߪ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬ᓐࠍᲕߘ߁ߣߪ
ߒߥ޿‫ޕ‬ᓐᅚߪ߹ߕ‫ߦࡀࠥࡂߡߟ߆ޔ‬ᅓࠊࠇߚ࠾࡯ࡌ࡞ࡦࠥࡦߩቲߩ㄰ㆶࠍⷐ᳞ߒ‫ޔ‬㄰ㆶ
ߔࠇ߫↢߈ߡࡉ࡞ࠧࡦ࠼ߦ㄰ߔߣ޿߁น⢻ᕈࠍ␜ߔ‫ߩ࡞࠹ࡦࠣߡߒߘޕ‬ሽ๮ਛߪ⹿޿ߦ❈
ࠄࠇቲߩ࿷ಣࠍ⸒߃ߥ޿‫ߦࡀࠥࡂߣޔ‬㄰ㆶࠍᜎุߐࠇࠆߣ‫ޔ‬๺⸃ªVXRQH©ߒߚߪߕߩ⡺ⷫࠣ
ࡦ࠹࡞ࠍㅅ߁ߎߣߥߊవߕᲕኂߔࠆ‫ߦࡀࠥࡂߡߒߘޕ‬ቲࠍ㄰ߔᗧᔒ߇ή߆ߞߚߎߣࠍ⏕⹺
ߒߚᤨ‫ߊ߿߁ࠃޔ‬ᓐߩ㚂ࠍ⪭ߣߔߩߛ‫ޕ‬
વᛚߩ
વᛚߩ⚿วߣ
⚿วߣᄌᚑ
ᄌᚑ ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ ߪޢ‬਎♿ೋ㗡㧔㨪㧕
‫࠙ࠨ࠶ࡄޔ‬ㄭ㇠ߦ߅޿ߡᚒ‫ߘ߇ޘ‬
ߩฬࠍ⍮ࠄߥ޿⹞ੱߦࠃߞߡ⃻ሽ౮ᧄߦ⷗ࠄࠇࠆࠃ߁ߥᒻ߳ߣ߅߅߹߆ߥߣߎࠈᒻ૞ࠄࠇ
ࠆ‫߷߶ߡߒߘޕ‬หᤨ߆௖߆ߦㆃࠇߡᚑ┙ߔࠆ‫ޡ‬ຟ᱌‫ߩߘߦ౒ߣޢ‬๟ㄝ࿾ၞߢ╩౮ߐࠇߚߣ
ផ᷹ߐࠇߡ޿ࠆ‫ޕ‬᭽‫ߥޘ‬વᛚ߆ࠄ⚛᧚ࠍᓧߡ޿ࠆค੐⹞ߛ߇‫ߩ╭ޔ‬ᄢ߈ߥᵹࠇߪ ࡮ ਎
♿ߦ↢߹ࠇߚੑߟߩવᛚ‫࠻࡝ࡈ࡯ࠪޔ‬㧙ࡉ࡝ࡘࡦࡅ࡞࠻વ⺑ߣࡉ࡞ࠧࡦ࠼ߩᴚ⪭વ⺑ߦ
↱᧪ߔࠆ‫ࠄࠇߘߡߒߘޕ‬ฎ޿⚛᧚ߩ਄ߦ‫ߩࡦࡈߣࠬࡓ࡞ࠜࡧޔ‬ችᑨ߿ੱ‫ߩޘ‬ᝄࠆ⥰޿㧔ች
ᑨ࡮㛉჻ߩ૞ᴺ߿ࠠ࡝ࠬ࠻ᢎߩାઔߥߤ㧕ߩឬ౮ߥߤࠍㅢߒߡᒰᤨߩችᑨ␠ળߩᆫ߇ᤋߒ
಴ߐࠇߡ޿ࠆ‫ޕ‬
/LHQHUW (OLVDEHWK +UVJ 'LH 1LEHOXQJHQNODJH 0LWWHOKRFKGHXWVFKHU 7H[W QDFK GHU $XVJDEH YRQ .DUO
%DUWVFK(LQIKUXQJQHXKRFKGHXWVFKHhEHUVHW]XQJXQG.RPPHQWDUYRQ(OLVDEHWK/LHQHUW3DGHUERUQ
6
ࡢ࡞࠲࡝࠙ࠬࠨࠟ‫ࡅ࡝࠻࡯ࠖ࠺ޔ‬વ⺑ߥߤ‫ޕ‬
ฎࡁ࡞࠼⺆ߩ‫ޡ‬ฎࠛ࠶࠳‫ߩޢ‬㨬ࠪࠣ࡞࠭ߩ᱌㨭㧔 ਎♿㧕߿‫ޢࠟࠨࠟࡦࠬ࡞ࠚࡧޡ‬
㧔 ᐕ߆ࠄ ᐕ㗃ߦᚑ┙ߒ‫ ޔ‬ᐕ㗃ߦࠕࠗࠬ࡜ࡦ࠼ߢ╩౮ߐࠇߚ‫ޕ‬㧕
ߥߤߦ⷗ࠆ੐߇಴᧪ࠆ‫ޡޕ‬ฎࠛ࠶࠳‫ޢ‬
ߪ‫ޔ‬
਎♿߆ࠄ ਎♿ߦ߆ߌߡࡁ࡞࠙ࠚ࡯ߣࠕࠗࠬ࡜ࡦ࠼ߢᒻᚑߐࠇߚવᛚ߇ 㗃ߦ &RGH[ 5HJLXV
‫ߩ₺ޡ‬౮ᧄ‫ߡߒߣޢ‬౮ᧄൻߐࠇߚ߽ߩ‫ߦߎߎޕ‬෼߼ࠄࠇߚ᱌⻦ ✬ߪ‫ޔ‬ฎઍࠥ࡞ࡑࡦߩ␹⹤߿⧷
㓶વᛚࠍવ߃ࠆ‫⼱ޕ‬ญᐘ↵⸶‫̆࠳࠶ࠛޡ‬ฎઍർ᰷᱌⻦㓸‫ޢ‬
㧔ᣂầ␠ 㧕‫ޕ‬ห⪺‫ࠟࠨߣ࠳࠶ࠛޡ‬㧦
ർ᰷ฎౖ߳ߩ᩺ౝ‫ޢ‬
㧔ᣂầ␠ 㧕‫ޕ‬
਎♿߆ࠄ ਎♿㗃ߦᚑ┙ߒߚ‫ޡ‬ฎࠛ࠶࠳‫ߩޢ‬㨬ࠕ࠻࡝ߩ᱌㨭ߥߤߦᱷࠆ‫ߓߔࠄ޽ޕ‬㧦ࡈࡦߩ₺ࠕ
࠶࠹ࠖ࡜ߪ‫ޔ‬ᆄࠣ࡯࠼࡞࡯ࡦߩఱᒉ‫ࠣࡦ࡞ࡉ࠾ޔ‬ᣖߩࠣࡦ࠽࡞ߣᒉࡋࠣ࠾߇ᚲ᦭ߔࠆቲࠍ᰼ᦸߒ‫ޔ‬
㙺ኃࠍ௅ߒߡᅓ߅߁ߣߔࠆ‫ߪࠄ࠾ࠣࡋޕ‬ᆂߩ⼊๔ࠍℂ⸃ߒࠣࡦ࠽࡞ߦ಴┙ࠍ⺾߼ࠆ߇‫ߪ₺ޔ‬ᢓ߃
ߡᱫ࿾ߦะ߆߁‫ߩࡦࡈޕ‬࿖ߢࠣࡦ࠽࡞ߪ❈ࠅ਄ߍࠄࠇ‫ߦ࡝࠻ࠕޔ‬㨬㤛㊄ߢ๮ࠍ޽߇ߥ߁ߟ߽ࠅߪߥ
޿߆㨭ߣ㤛㊄ࠍⷐ᳞ߐࠇࠆ‫ߪ࡞࠽ࡦࠣޕ‬ᒉߩ↢߈ߡ޿ࠆ㑆ߪ⸒߃ߥ޿‫ߣޔ‬㓝ߒᚲߩ๔⊕ࠍᜎุ‫ߘޕ‬
ߒߡᒉߩᔃ⤳ࠍⷐ᳞ߔࠆ‫ߩ࠾ࠣࡋޕ‬ᔃ⤳ࠍ⷗ߖࠄࠇߚᤨࠣࡦ࠽࡞ߪ⸒߁‫ޕ‬㨬ࠊߒࠄੑੱ߇↢߈ߡ޿
ࠆ㑆⇼ᔨ߇෰ࠆߎߣߪߥ߆ߞߚ߇‫߈↢߇ߌߛߒࠊޔ‬ᱷߞߚ੹‫߽ࠇߘޔ‬᥍ࠇߚ‫ࡦࠗ࡜ޕ‬ᴡࠃ‫ߩ␹ޔ‬
ᧃⵧߚࠆ࠾ࡉ࡞ࡦࠣᣖߩㆮቲ‫ޔ‬੎޿ߩ߽ߣߥࠆ㤛㊄ࠍ߅ߐ߼ࠃ‫⇣ޕ‬࿖ߩቲⅣߪࡈࡦᣖߩ౏㆐ߩᚻ
ߦノߊࠃࠅߪ‫ޔ‬ᵹࠇ߿߹ߧᴡߩᐩߦノߊᣇ߇⦟߆ࠈ߁ߙ‫ޕ‬㧔 ▵㧕㨭 Ⱜ‗ߦᛩߍㄟ߹ࠇߚࠣࡦ࠽࡞
ߪ‫┱ޔ‬ℙࠍ߆߈㡆ࠄߒߥ߇ࠄᱫߧ‫ޕ‬ఱᒉߩߚ߼ߩᓳ⼦ࠍ࿑ࠆࠣ࡯࠼࡞࡯ࡦߪ‫ޔ‬ᄦߦੑੱߩᕷሶߩ
⡺ࠍனߞߡ㘩ߴߐߖ‫ࡦࡈޔ‬ᣖߪ₺ሶߩᱫߦ⁅ੂߦ㒱ࠆ‫ߪࡦ࡯࡞࠼࡯ࠣޕ‬㈬ߦᱜ᳇ࠍᄬߞߚᄦࠍ⥁
ᚲߢೝߒᲕߒ‫ޔ‬ቲᐶࠍ㐿߈ችᲚߦἫࠍ᡼ߟ‫ޕ‬೨ឝᦠ‫ޔ‬a 㗁‫ޕ‬
ੑߟߩવ⺑߇޿ߟ㗃ߤߩࠃ߁ߦ⚿วߒߚ߆ߣ޿߁໧㗴ߪ‫ ޔ‬਎♿߆ࠄ㐳ߊ㊀ⷐߥ⎇ⓥ⺖
㗴ߢ޽ߞߚ‫ޔ߇ߛޕ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ࠅࠃޢ‬ฎ޿ᤨᦼߦવᛚࠍ╩౮ߒߚ૞ຠߪߥߊ‫ޔ‬
♖ኒߢ⏕߆ߥᖱႎߪ㕖Ᏹߦ㒢ࠄࠇߡ޿ࠆߚ߼‫ޔ‬໧㗴ߪᧂߛ⸃᣿ߐࠇߡ޿ߥ޿‫ޔߒߛߚޕ‬
‫ޡ‬ฎ
ࠛ࠶࠳‫߿ޢ‬หᤨᦼߩᢔᢥߩ‫ߩߤߥޢࠟࠨࠟࡦࠬ࡞ࠜࡧޡ‬૞ຠ߆ࠄ ਎♿એ೨ߩવᛚ⁁ᴫߦ
ߟ޿ߡᄙዋផ᷹ߔࠆߎߣߪ಴᧪ࠆ㧔ߚߛ‫╩߇ࠄࠇߎޔ‬౮ߐࠇߚߩߪ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ޢ‬
ࠃࠅᣂߒߊ‫ ޔ‬਎♿ᓟඨએ㒠ߢ޽ࠆ㧕
‫ޕ‬
‫ޡ‬ฎࠛ࠶࠳‫ߩ࠭࡞ࠣࠪޡߩޢ‬᱌࡮ᢿ ‫ޔߪࠄ߆ޢ‬
ߔߢߦ ਎♿ߦੑߟߩવ⺑߇⚿߮ߟߌࠄࠇߡ޿ߚน⢻ᕈ߇߁߆߇߃ࠆ‫ޕ‬
࡜ࠗࡦᎹߩධߢࠪࠣ࡞࠭ߪᲕኂߐࠇߚ‫ޕ‬᮸ߩ਄ߩ㡏߇ჿ㜞ߊตࠎߛ‫ޔ‬
‫ߥ޽߇࡝࠻ࠕޟ‬
ߚᣇߩ಺ࠍ⿒ߊᨴ߼ࠆߛࠈ߁‫ޕ‬னࠅߩ⹿޿߇ᚢߦߪ߿ࠆ⠪ࠍṌ߷ߔߛࠈ߁‫ޕ‬
‫ޠ‬
ߥߗ‫ߩ࠭࡞ࠣࠪ߇࡝࠻ࠕޔ‬ᓳ⼦ߩᜂ޿ᚻߣߥࠅ߁ࠆߩ߆‫ޡߪ✲⚻ߩ╭޿ߒ⹦ߩߘޕ‬ฎ
ࠛ࠶࠳‫ߩޢ‬ਛߦߪోߊ⻦ࠊࠇߡ޿ߥ޿‫ޕ‬
ᤨઍࠍਅߞߚ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߩޢ‬ᚑ┙ᦼ‫ ߜࠊߥߔޔ‬਎♿ߩੑߟߩવᛚߩ⚿วߩ
⁁ᴫߦߟ޿ߡߪ‫ޔ‬หߓߊࠕࠗࠬ࡜ࡦ࠼ߢ╩౮ߐࠇߚ‫ߟ৻߁߽߇ޢࠟࠨࠬࠢ࡟࠼࡯ࠖ࠹ޡ‬
ߩ଀ࠍવ߃ߡ޿ࠆ‫ ߪࠇߎޕ‬਎♿ߦᄢ㒽㧔ਥߦ࠱࡯ࠬ࠻ߥߤૐ࿾࠼ࠗ࠷޽ࠆ޿ߪ࡜ࠗࡦ࿾
ᣇ㧕߆ࠄࠬࠞࡦࠫ࠽ࡆࠕඨፉߦᷰߞߚࡂࡦࠩ໡ੱߦࠃߞߡવᛚ߇ᐢ߼ࠄࠇ‫ ޔ‬ᐕ㗃ߦ
࡮ ਎♿㗃߆ࠄ‫ޔ‬ർ⷏࡛࡯ࡠ࠶ࡄߩ⍹ᓂࠅ࡟࡝࡯ࡈߥߤߦ࿑௝ߣߒߡ⏕⹺ߐࠇࠆ‫ޕ‬+HLQ]OH
-RDFKLP=XPOLWHUDULVFKHQ6WDWXVGHV1LEHOXQJHQOLHGHV,Q&KULVWRSK)DVEHQGHU+UVJ1LEHOXQJHQOLHGXQG
1LEHOXQJHQNODJH1HXH:HJHGHU)RUVFKXQJ'DUPVWDGW6+LHU6
਻਎♿ೋᦼ‫ޕ‬౮ᧄߦᰳ⪭߇޽ࠅ‫ޔ‬౨㗡ߣᧃየ߇ᰳ៊‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡޕ‬᱌‫ޔࠅߥ⇣ߪߣޢ‬㨬ࠪࠣ
࡞࠭ߩ⍴޿᱌㨭߿㨬ࠣ࠭࡞࡯ࡦߩ᱌㨭ߣหߓߊࡉ࡝ࡘࡦࡅ࡞࠻ߪࠕ࠻࡝ߩᆂߣߥߞߡ޿ࠆ‫ޕ‬
'LQNHODFNHU :ROIJDQJ 1LEHOXQJHQGLFKWXQJ DX‰HUKDOE GHV Ä1LEHOXQJHQOLHGHV³ =XP 9HUVWHKHQ DXV GHU
7UDGLWLRQ,Q-DPXVLFKVXQGHUULXZHVLQ)HVWVFKULIWIUNDUO6WDFNPDQQ]XP)HEUXDU*|WWLQJHQ
6+LHU6
⼱ญ‫ ޔ‬㗁‫ޕ‬
‫ޡ‬ฎࠛ࠶࠳‫ޢ‬ਛߩ૞ຠߢߪࡉ࡝ࡘࡦࡅ࡞࠼ߩఱߣ߽ߐࠇߡ޿ࠆ‫ޕ‬
ࡂࡦࠩ໡ੱߦࠃߞߡࡁ࡞࠙ࠚ࡯߳વ߃ࠄࠇ‫ޔ‬ᄢ㒽ߣߩ㑐ଥᒝൻࠍ࿑ࠆࡎ࡯ࠦࡦ ਎㧔a㧕
ߩᤨઍ‫ ޔ‬ᐕ㗃ߦ╩౮ߐࠇߚ‫⊛⹤␹ߥ߁ࠃߚߞ޽ߦ࠳࠶ࠛޕ‬஥㕙ߪߥ޿‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡޕ‬
᱌‫ߪߣޢ‬㕖Ᏹߦ⚦߆޿ឬ౮ߢߩ৻⥌߽⷗ࠄࠇࠆ߇‫⃻ޔ‬࿷ߪ‫ޔ‬ᄢ㒽ߩવᛚߩනߥࠆᒁ߈౮ߒߢߪߥߊ‫ޔ‬
ࡁ࡞࠙ࠚ࡯ߩ࿾ߩ⹞ੱߦࠃߞߡ⁛⥄ߩഃ૞߇ട߃ࠄࠇߚߛࠈ߁ߣߔࠆℂ⸃߇᦭ജߢ޽ࠆ‫ޕ‬+HLQ]OH
-RDFKLP(LQIKUXQJLQGLHPLWWHOKRFKGHXWVFKH'LHWULFKHSLN%HUOLQ65HLFKHUW+HUPDQQ'LH
1LEHOXQJHQVDJHLPPLWWHODOWHUOLFKHQ6NDQGLQDYLHQ,Q+HLQ]OH-RDFKLP㩷㩷 .OHLQ.ODXV2EKRI8WH+UVJ
'LH1LEHOXQJHQ6DJH(SRV0\WKRV:LHVEDGHQ6+LHU6II)LQH(ULFKVHQhEHUWUDJHQ
'LH*HVFKLFKWH7KLGUHNVYRQ%HUQ7KXOHDOWQRUGLVFKH'LFKWXQJXQG3URVD5HLKH%G-HQD ㊁
ౝᷡ㚅‫ޔ‬⍹Ꮉᩕ૞㧦࠹ࠖ࡯࠼࡟ࠢࠬࠨࠟߦ߅ߌࠆ⧷㓶ࠫࠣ࡞࠻ߩ‛⺆‫ޔ‬ᓼፉᄢቇ⸒⺆ᢥൻ⎇ⓥ a 㗁‫ޕ‬㧧ห㧦࠹ࠖ࡯࠼࡟ࠢࠬࠨࠟߦ߅ߌࠆࠣ࡝࡯ࡓࡅ࡞࠻ߩᓳ⼦‫ޔ‬ᓼፉᄢቇ⸒⺆ᢥൻ⎇
ⓥ a 㗁‫ޕ‬㧧ጊፒ㓁ሶ㧦⠡⸶‫ࡦࠥࡦ࡞ࡌ࡯࠾ࠆߌ߅ߦޢࠟࠨ࡮ࠬࠢ࡟࠭ࠪޡ‬વ⺑Σ㨯Τ㨯
Υ㨯Φ‫⊕⋡ޔ‬ᄢቇੱᢥቇㇱ♿ⷐ ⸒⺆ᢥൻ▻ ‫ޕ‬
(KULVPDQQ2WIULG1LEHOXQJHQOLHG(SRFKH:HUN:LUNXQJ0QFKHQ$XIO6
╩౮ߐࠇߚ߽ߩߢ޽ࠆ‫ޕ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߣޢ‬Ყセߔࠆߣ‫ޔ‬૞ຠߩᓟඨߩቲߦ߆߆ࠊࠆࠛࡇ࠰࡯࠼ߦ㑐ߒߡ
⋧㆑ὐ߇޽ࠆ‫߇࡞ࠚ࠷࠶ࠛޕ‬㤛㊄᰼ߣή✼ߢ޽ߞߚߩߦኻߒ‫ޔ‬
‫ࠕߩޢࠟࠨࠬࠢ࡟࠼࡯ࠖ࠹ޡ‬
࠶࠹ࠖ࡜ߪ㧔
‫ߩ࡝࠻ࠕޡ‬᱌‫ߣ࡝࠻ࠕߩޢ‬ห᭽㧕ᒝ޿㤛㊄᰼ࠍᜬߜ‫ޔ‬ᒰೋߪᆄߦഠࠄߕᆄߩఱ
ᒉ߇᦭ߔࠆቲࠍ᰼ߒߡ޿ߚ‫ߩߎޔߛߚޕ‬㤛㊄᰼ߩࡕ࠴࡯ࡈߪㅜਛߢᶖߒ෰ࠄࠇ‫ޔ‬ᓐߪࠣࡦ
࠽࡞ࠄߣߩ෹ᅢ㑐ଥࠍᦸ߻₺ߣߥࠆ‫ᦨߡߒߘޕ‬ᓟߦߪᗌ഍ࠍᒁ߈⿠ߎߒߚᆄࠍ㕖㔍ߒᲕߐ
ߖࠆ‫ޔ߽ߡ޿߅ߦ࠻࡞ࡅࡓ࡯࡝ࠣߚ߹ޕ‬㤛㊄᰼ߩࡕ࠴࡯ࡈߪㅜਛߢ⴫߆ࠄᆫࠍᶖߒ‫ޔ‬ቲߩ
ⷐ᳞ߪ㧔
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ࠅߥ⇣ߪߣޢ‬㧕ੑᐲ➅ࠅ㄰ߐࠇࠆ੐ߪߥߊ‫ޔ‬ᚢ޿ߩᦨೋߩ႐
㕙ߦ৻ᐲ⊓႐ߔࠆߛߌߢ޽ࠆ‫ޕ‬વ⛔⊛ߥ㤛㊄᰼ߩࡕ࠴࡯ࡈߪ‫߅ߦޢࠟࠨࠬࠢ࡟࠼࡯ࠖ࠹ޡ‬
޿ߡ߽߹ߛ৻⽾ߒߚ⺰ℂࠍᜬߟ╭ߩਛߦ⚵ߺㄟ߹ࠇߡ߅ࠄߕ‫ޔ‬ቲߩⷐ᳞႐㕙ߦߪੑߟߩવ
ᛚߩ⛮߉⋡ࠍⷰኤߔࠆߎߣ߇಴᧪ࠆ‫ޕ‬
૞ຠߩ೨ඨㇱಽߩੑ⚵ߩ⚿ᇕ㧔ࠪ࡯ࡈ࡝࠻㧙ࠢ࡝ࠛࡓࡅ࡞࠻ߣ‫࡞࠹ࡦࠣޔ‬㧙ࡊ࡝ࡘࡦࡅ
࡞࠻㧕ߦ㑐ߒߡ߽‫ޔ‬㊀ⷐߥ⋧㆑ὐ߇޽ࠆ‫ޕ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߪ࠻࡞ࡅࡦࡘ࡝ࡊޔߪߢޢ‬
᳞ᇕ⠪ࠣࡦ࠹࡞ߦኻߒߡਃߟߩ⹜วߢᓐᅚߦൎߚߥߌࠇ߫๮ߪขࠆߣ޿߁⹜✵ࠍ⺖ߔ‫ߘޕ‬
ߒߡ౨㒾ࠍታ㓙ߦⴕ߁ߩߪ㓝ࠇ⬉ߦࠃߞߡᆫࠍ㓝ߒߚࠪ࡯ࡈ࡝࠻ߢ޽ࠅ‫ޔ‬ᓐߪߎߩᄺ઀ߦ
ࠃߞߡࠢ࡝ࠛࡓࡅ࡞࠻ߣߩ⚿ᇕߩ⸵นࠍࠣࡦ࠹࡞߆ࠄᓧࠆߩߛ‫ߦࠇߎޕ‬ኻߒ‫ޔ‬
‫࡟࠼࡯ࠖ࠹ޡ‬
ࠢࠬࠨࠟ‫ߪߢޢ‬ੑߟߩ᳞ᇕߪ✭߿߆ߥ㑐ଥߢߚߛਗ⟎ߐࠇߡ߅ࠅ‫ޔ‬᳞ᇕߩ⹜✵ߪߥ޿‫ࠫޕ‬
ࠣ࡞࠻ߣࠣࡦ࠹࡞ߩ㑆ߩෂ㒾ࠍߪࠄࠎߛ౒ሽ㑐ଥߩឬ౮ߪ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫߽ࠅࠃޢ‬
⚛ᧉߢන⚐ߥ߽ߩߣߥߞߡ޿ࠆ‫ޕ‬
਎♿એ㒠ߩߎࠇࠄੑ૞ຠߦ߅޿ߡ‫⋡߇⺆‛ߩ࠻࡝ࡈ࡯ࠪޔ‬ᜰߔߩߪࠢ࡝ࠛࡓࡅ࡞࠻ߣ
ߩ⚿ᇕߢ޽ࠆ‫ߪࠇߘ߇ߛޕ‬વᛚߩᣂߒ޿ᒻߢ޽ࠆ‫ޕ‬ฎ޿વᛚᲑ㓏ߢߪࠪ࡯ࡈ࡝࠻ߣࡊ࡝ࡘ
ࡦࡅ࡞࠻ߩ㑐ࠊࠅ߇߻ߒࠈ‛⺆ߩਛᔃ⊛ߥࠛࡇ࠰࡯࠼ߢ޽ࠅ‫ޔ‬૞ຠߩᨒࠍߥߒߡ޿ߚ‫ޕ‬
‫ޡ‬ฎ
ࠛ࠶࠳‫߷߶ߣޢ‬หᤨᦼߩવᛚࠍવ߃ࠆ‫࠻࡞ࡅࡦࡘ࡝ࡉޔ߫ࠇࠃߦޢࠟࠨࠟࡦࠬ࡞ࠜࡧޡ‬
ߪ⚿ᇕࠍ⹿ߞߚࠪࠣ࡞࠭ߦⵣಾࠄࠇߚ੐߆ࠄ‫ޔ‬ᓐߦήታߩ⟋ࠍ⌕ߖߡᄦߦᲕߐߖ‫߽ࠄ⥄ޔ‬
߹ߚ⥄ኂߒߡᨐߡࠆ‫ޕ‬ᓟઍߩવᛚߢߪߎߩࡉ࡝ࡘࡦࡅ࡞࠻ߩᗲߣᓳ⼦ߦઍࠊߞߡ‫ࠛ࡝ࠢޔ‬
ࡓࡅ࡞࠻ߩࠪ࡯ࡈ࡝࠻߳ߩᗲߣᓳ⼦ߦࠬࡐ࠶࠻࡜ࠗ࠻߇ᒰߚࠆࠃ߁ߦߥߞߚߩߛ‫ޕ‬
․ߦ
‫࠾ޡ‬
࡯ࡌ࡞ࡦࠥࡦߩ᱌‫ᦨޔߪޢ‬ೋߩ᱌┨ߦ߅޿ߡਸᅚࠢ࡝ࠛࡓࡅ࡞࠻ߩ↢޿┙ߜߣᓐᅚ߇⷗ߚ
㣔ߩᄞ߇⺆ࠄࠇߡ߅ࠅ‫ߩߘޔ‬ᓟߩ╭ࠍ⷗ߡ߽ᓐᅚߩ⚿ᇕߣᗲ߇૞ຠߩゲߢ޽ࠆ੐ߪ᣿ࠄ߆
ߛ‫ߩ࠼ࡦࠧ࡞ࡉޕ‬ᴚ⪭વ⺑ߣ⚿วߔࠆߦ㓙ߒߡ‫ߩ⺆‛ߩ࠻࡞ࡅࡓࠛ࡝ࠢߣ࠻࡝ࡈ࡯ࠪޔ‬ឬ
‫⚿ߩ࡞࠹ࡦ߽ࠣ࠭࡞ࠣࠫߩޢࠟࠨࠬࠢ࡟࠼࡯ࠖ࠹ޡ‬ᇕߦᦨᓟߩ႐㕙ߢߪዧജߔࠆ‫ߜࠊߥߔޕ‬ೋᄛ
ߦࡊ࡝ࡘࡦࡅ࡞࠻ߦ❈ࠅ਄ߍࠄࠇߡߒ߹ߞߚࠣࡦ࠹࡞ߦ㗬߹ࠇߡ‫ߩ࠻࡞ࡅࡦࡘ࡝ࡊޔ‬ಣᅚࠍᅓ޿‫ޔ‬
ߘߩᕋജࠍᷫߗߐߖߚ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡޔ߅ߥޕ‬᱌‫ߪ࠻࡝ࡈ࡯ࠪߩޢ‬ᓐᅚࠍࠣࡦ࠹࡞ߦಣᅚߩ߹
߹ᒁ߈ᷰߔ‫ޕ‬
‫ޡ‬ฎࠛ࠶࠳‫ߣޢ‬หᤨᦼߩ ਎♿એ೨ߩવᛚࠍવ߃ࠆᢔᢥ૞ຠ㧔╩౮ߐࠇߚߩߪ ᐕ㗃㧕‫⼱ޕ‬
ญᐘ↵⸶ ‫ޢࠟࠨ࡮࠼ࡦ࡜ࠬࠗࠕޡ‬
㧔ᣂầ␠‫ޔ‬㧕㧧⩲ේ㇌ၔ⸶ ‫ࡦࡑ࡞ࠥޡ‬ർ᰷ߩ⧷㓶વ⺑̆ࡧ
ࠜ࡞ࠬࡦࠟ࡮ࠨࠟ‫ޢ‬
㧔᧲ᶏᄢቇ಴ ળ‫ ޔ‬ᐕ㧕‫ޕ‬
౮ߪ᜛ᄢߐࠇ‫߇ࠇߎޔ‬૞ຠో૕ߩᨒߣߥߞߚߩߢ޽ࠆ‫ޕ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ࠍޢ‬વ߃ࠆ౮ᧄߩᢙ㧔⃻࿷‫ߩ ޔ‬ቢో౮ᧄ‫ߩ ޔ‬ᢿ ߇⷗ߟ߆ߞ
ߡ޿ࠆ㧕ࠍหᤨઍߩᄢⷙᮨߥችᑨ‛⺆ߣᲧߴࠆߣ‫࠶ࠛ࡮ࡦࠜࡈ࡮ࡓ࡜ࡈ࡞ࠜࡧߪࠇߘޔ‬
ࠪࠚࡦࡃ࠶ࡂߩ‫ޢ࡞ࠔࡧ࠴࡞ࡄޡ‬
㧔 ቢో౮ᧄ‫ ޔ‬ㄭ޿ᢿ ‫ ޔ‬ᐕߩශ೚ᧄ ߟ㧕ߣ
‫ޢࡓ࡞ࡂ࡟ࠖࡧޡ‬
㧔 ೨ᓟߩቢో౮ᧄ‫ ޔ‬ᢿ ‫ ޔ‬ᛮ☴㧕ߦߎߘഠࠆ߽ߩߩ‫࡞ࡂ߫߃଀ޔ‬
࠻ࡑࡦ࡮ࡈࠜࡦ࡮ࠕ࠙ࠛߩ‫ޢࡦࠗࠚ࠙࡯ࠗޡ‬
㧔 ቢో౮ᧄ‫ ޔ‬ᢿ 㧕 ߿ࠧ࠶࠻ࡈ࡝࡯࠻࡮
ࡈࠜࡦ࡮ࠪࡘ࠻࡜࡯ࠬࡉ࡞ࠢߩ‫ޢࡦ࠲ࠬ࡝࠻ޡ‬
㧔 ቢో౮ᧄ‫ ޔ‬ᢿ 㧕ߣ߶߷ห╬ߢ޽
ࠆ‫ޕ‬
࠼ࠗ࠷⺆ᢥቇ߇ೋ߼ߡᄢ߈ߥታࠅࠍ⚿߱ߎߣߣߥߞߚߎߩᤨઍ‫ޔ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ޢ‬
ߪᦨᄢ⚖ߩ෻㗀ࠍᓧߡ޿ߚߣ⸒ߞߡࠃ޿ߛࠈ߁‫ޕ‬
ߚߛ‫ޔ‬㨪 ਎♿ߦ╩౮ߐࠇߚ޽ࠆ৻ߟߩᒻࠍએߡ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߪޢ‬ቢᚑߒ‫ޔ‬
ᄌᚑࠍ⚳߃ߚߩߢߪߥ߆ߞߚ‫ࠅ⺆ޕ‬ᚻߩⵙ㊂ߣ⺆ࠅߩ႐ߩ㔓࿐᳇ߦᆔߨࠄࠇߡ޿ߚญᛚ⹞
߆ࠄ‫ᦠޔ‬౮ߐࠇ࿕ቯߐࠇߚ૞ຠ߳ߣᢥ⧓ߩᒻᘒ߇ផ⒖ߒߡ޿ߊߎߩᤨઍ‫‛ੱ߿╭ߩ⺆‛ޔ‬
ߩ⸒േߦߪ෻ᓳᬌ⸽ߦ⠴߃߁ࠆ৻⽾ߒߚ⺰ℂ߇᳞߼ࠄࠇࠆࠃ߁ߦߥߞߡ޿ߚ‫ޕ‬ᓟㅀߔࠆㅢ
ࠅ‫ޔ‬ᣢߦ ਎♿೨ඨߩ౮ᧄ & ౮ᧄߦߪ‫ߚߒ⽾৻ࠆ޽ޔ‬ᗧ࿑ߦᴪߞߚᡷᄌ߇ሽ࿷ߔࠆ‫⺰ޕ‬
ℂ⊛ᢛวᕈࠍᢥቇ૞ຠߦ᳞߼ࠃ߁ߣߔࠆߎߩᣂߒ޿ᗵᕈߩ⋡߆ࠄ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ޢ‬
ߩᦨೋߩᒻ㧔౮ᧄ % ࡧࠔ࡯࡚ࠫࡦ㧕ࠍ⷗ߚᤨ‫ޔ‬ੑߟߩવᛚߪᧂߛᢛว⊛ߦⲢวߐࠇߡ߅ࠄ
ߕ‫⸃ޔ‬᳿ߔߴ߈໧㗴߿ၒ߼ࠆߴ߈ⓨ⊕߇޽ߞߚߩߛ‫ ޔߚ߹ޕ‬਎♿ߩ౮ᧄ P ߿ ਎♿ߩ
ශ೚ᧄ
‫ޡ‬ਇᱫりߩࠩࠗࡈ࡝࡯࠻‫ޢ‬
ߦߪ ਎♿ߩ߽ߩߣߪ߆ߥࠅ⇣ߥࠆ╭ߩዷ㐿߇⷗ࠄࠇࠆ‫ޕ‬
ᢙ਎♿ߦࠊߚࠆᔓළߩᓟ‫ ޔ‬਎♿ᓟඨߦౣ⊒⷗ߐࠇࠆߣ‫ޔ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫࠶ࡋߪޢ‬
ࡌ࡞߿ࡢ࡯ࠣ࠽࡯ࠄߦࠗࡦࠬࡇ࡟࡯࡚ࠪࡦࠍਈ߃‫ޔ‬ᣂߒ޿૞ຠ߇↢ߺ಴ߐࠇߡ޿ߊ㧔 ਎
♿╙ ྾ඨ਎♿㧕
‫ߥߺߪࠄࠇߘޕ‬વ⛔⊛ߥ⚛᧚ࠍ↪޿ߡߪ޿ࠆ߇‫߽╭ޔ‬᭴ᗐ߽ᣂߒ޿⁛⥄ߩ
ഃ૞ߢ޽ࠆ‫ޕ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫᧚⚛ޔߪޢ‬㑆ߦ޽ࠆജേᕈߩߚ߼ߦᄌᚑࠍ➅ࠅ㄰ߒ‫ޔ‬ᣂ
ߚߥഃ૞ࠍ↢ࠎߢ޿ߞߚߩߢ޽ࠆ‫ޕ‬
ᇾขࠅ
ᇾขࠅ‛⺆ߣ
‛⺆ߣ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬
࠾࡯ࡌ࡞ࡦࠥࡦߩ᱌‫ޢ‬
ࠢ࡝ࠛࡓࡅ࡞࠻ߩੱ‛௝ߦᴪߞߡ╭ࠍㄡࠆߣ‫ᦨޔ‬ᓟߦᓐᅚߩᓳ⼦ߩᗧᔒ߇ቲߩⷐ᳞ߦ⓭
0OOHU-DQGLUN'DV1LEHOXQJHQOLHG.ODVVLNHU/HNWUHQ%HUOLQ+LHU6
%XPNH -RDFKLP :ROIUDP YRQ (VFKHQEDFK 6DPPOXQJ 0HW]OHU Y|OOLJ QHX EHDUEHLWHWH $XIODJH
6WXWWJDUW6
HEG6
&RUPHDX&KULVWRSKXQG6W|UPHU:LOKHOP+DUWPDQQYRQ$XH(SRFKH:HUN:LUNXQJDNWXDOLVLHUWH
$XIODJH0QFKHQ6
+XEHU&KULVWRSK*RWWIULHGYRQ6WUD‰EXUJ.ODVVLNHU/HNWUHQYHUEHVVHUWH$XIODJH%HUOLQ6
ὼߦขߞߡઍࠊࠄࠇࠆ੐ߪᄢ߈ߥ⻘ߢ޽ࠆ‫ߩߎޕ‬໧㗴ߪค੐⹞ߩᚑࠅ┙ߜߦᩮߑߔ߽ߩߢ
޽ࠆ‫ޕ‬
ߎߩᤨઍߩᢥ⧓૞ຠߪ‫⧷߽ߢ⺆‛ࠬ࡯࠘࠻࡞ࠕޔ‬㓶⹞ߢ߽‫ޔ‬ቯဳߩ᭴ㅧࡕ࠺࡞ߦᴪߞߡ
⺆ࠄࠇࠆ੐߇߶ߣࠎߤߛߞߚ‫ߩ࡞࠽ࠫ࡝ࠝࠄ߆ࡠ࠯ߪੱ⹞ߡߒߘޕ‬ഃ૞ࠍⴕ߁ߣ޿߁ࠃࠅ
ߪ‫ޔ‬ቯဳ߆ࠄਥⷐߥੱ‛௝߿╭ߩၮᧄ✢‫ࠍߤߥࡈ࡯࠴ࡕޔ‬ᓧߚ਄ߢ‫ߩ⚛ⷐޔ‬ㅊട߿⸒⪲ߩ
ᓂ℉ߦᛛࠍಝࠄߔߩߢ޽ߞߚ‫ޕ‬ᢥ⧓ߪ‫ޔ‬ቯဳ߇ⷐ᳞ߔࠆ߽ߩߣ⹞ੱߩ༡ߺߩ㑆ߦ↢߹ࠇࠆ
߽ߩߛߞߚߩߛ‫ޕ‬
᭴ㅧߩቯဳߩઍ⴫⊛ߥ߽ߩߦ‫ޔ‬
↵߇ᆄࠍᓧࠆ߹ߢߩ౨㒾߇⺆ࠄࠇࠆ㨬ᇾขࠅ‛⺆㨭߇޽ࠆ‫ޕ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߩߎߪޢ‬㨬ᇾขࠅ‛⺆㨭ߣ‫ⶄ߇ဳࡦ࡚ࠪ࡯ࠛ࡝ࠔࡧߩߘޔ‬ᢙ⚵ߺวࠊ
ߖࠄࠇߚ߽ߩߣℂ⸃ߔࠆߎߣ߇಴᧪ࠆ‫ޕ‬
㨬⎕Ṍߔࠆ
⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆
ߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭
⇣ᣖ㑆⚿ᇕ‛⺆㨭
߹ߕ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߩޢ‬ᓟ✬߇ᛒ߁ࡉ࡞ࠧࡦ࠼ߩᴚ⪭વ⺑ߦߟ޿ߡ⠨ኤߔࠆ‫ޕ‬
‫࠾ޡ‬
࡯ࡌ࡞ࡦࠥࡦߩ᱌‫ޢ‬એ೨ߦߎߩવ⺑ࠍᛒߞߚ‫ߩ࡝࠻ࠕޡ‬᱌‫ޔߪߢޢ‬᳞ᇕߩ౨㒾⼄ߪ߶ߣࠎ
ߤ⺆ࠄࠇߕ‫⚿ߪ⺆‛ޔ‬ᇕᓟߩ႐㕙߆ࠄᆎ߹ࠆ‫߇࡝࠻ࠕߡߒߘޕ‬ᆄߩ࿖߇᦭ߔࠆᮭജߣንࠍ
᰼ᦸߒߡ㙺ኃࠍ௅ߔߣ᱂޿ߡ⟵ⷫᣖࠍ᜗ᓙߒ‫ޔ‬Ვᚧߔࠆ੐߇ឬ߆ࠇࠆ‫⇣ߥ߁ࠃߩߎ߅ߥޕ‬
ᣖ㑆ߩ⚿ᇕࠍ⊒┵ߦ⊒↢ߔࠆ㑵੎ߣ⎕Ṍ߇ឬ߆ࠇࠆ‛⺆ߪ‫߆ߟߊ޿߽ߦ߆߶ޔ‬ሽ࿷ߔࠆ‫ޕ‬
ߎߩ⒳ߩ‛⺆ߦߟ޿ߡ‫ޔ‬:DOWHU+DXJ ߪ‫ޔ‬ᇾࠍ੺ߒߚੑᣖ㑆ߩ┙႐߇ㅒォߒߡ޿ࠆߎߣߦ
ᵈ⋡ߒߡ㨬ㅒォߒߚᇾขࠅ‛⺆㨭‫ޔ‬9LNWRU0LOOHW ߪߎࠇࠍ޿ࠊࠁࠆ㨬ᇾขࠅ‛⺆㨭ߣ඙೎ߒߡ
㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭‫⹏ߣޔ‬ଔߒߚ‫ ߡߒߘ ޕ‬0LOOHW ߪߎߩ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛
⺆㨭ߣ޿߁ቯဳߪ᡽ᴦ⊛࡮ァ੐⊛㑵੎ߦ⛘߃ߥ߆ߞߚታ㓙ߩᱧผࠍ㞲߿߆ߦᤋߒ಴ߔ੐߇಴
᧪ࠆ߽ߩߛ‫ߣޔ‬⠨ኤߒߡ޿ࠆ‫ޕ‬
ᒰᤨߩഃ૞ᵴേߪ⁛ഃࠍ⋡ᜰߔߩߢߪߥߊቯဳࡕ࠺࡞ߦᓥ߁߽ߩߢ޽ߞߚ੐ࠍ⠨߃ࠇ߫‫ޔ‬
୘‫ޔߪࡈ࡯࠴ࡕߩޘ‬೨ᓟߩᢥ⣂߿ੱ‛ㅧᒻߣߩ⚦߆ߥ㑐ࠊࠅ߆ࠄߛߌߢߪߥߊ‫ޔ‬ቯဳߩ᭴
ฎ⧷⺆ߩ‫⸥߽ߦޢࡈ࡞࠙ࠝ࡯ࡌޡ‬ㅀߩ޽ࠆ㨬ࡈࠖࡦ࠭ࡉ࡞ࡈߩᚢ޿㨭‫ޔ‬ਛ਎࠙ࠚ࡯࡞࠭ߢ⸥ߐࠇߚ
‫ߩ࡞࡯ࠖࠬޡߟ৻ߩޢࠡ࡯ࡁࡆࡑޡ‬ᆷࡉ࡜ࡦ࠙ࠚࡦ‫ޕޢ‬HEG SDVVLP 5HLFKHUW +HUPDQQHEG +LHU 6 㐳ၛ⋓⸶‫ޡ‬ᢔᢥో⸶ࡌ࡯ࠝ࠙࡞ࡈ࡮ࡈࠖࡦࡀࠬࡉ࡞ࠣ੎ੂᢿ┨‫๋ޢ‬ᆄᦠᚱ‫ޔ‬
ᐕ ਛ㊁▵ሶ⸶‫ ࡦࠝࠡࡁࡆࡑޡ‬ਛ਎࠙ࠚ࡯࡞࠭ᐛᗐ‛⺆㓸‫ޢ‬-8/$ ಴ ዪ‫ ޔ‬ᐕ
+DXJ :DOWHU 1RUPDWLYHV 0RGHOO RGHU KHUPHQHXWLVFKHV ([SHULPHQW hEHUOHJXQJHQ ]X HLQHU
JUXQGVlW]OLFKHQ5HYLVLRQGHV+HXVOHUVFKHQ1LEHOXQJHQ0RGHOOV,Q6WUXNWXUHQDOV6FKOVVHO]XU:HOWNOHLQH
6FKULIWHQ]XU(U]lKOOLWHUDWXUGHV0LWWHODOWHUV7ELQJHQ6+LHU6 㨬ᇾขࠅ‛⺆㨭ߦᒰߡ
ߪ߹ࠄߥ޿‫ߩ࡝࠻ࠕޡ‬᱌‫ߩဳޢ‬ሽ࿷ࠍᜰ៰ߒߚ‫ߩ࡝࠻ࠕޡޕ‬᱌‫ ࠍဳߩޢ‬LQYHUWLHUWH 6FKHPD ߥ޿ߒ
*HJHQSDUDGLJPD ߣ⹏ߒߚ‫ޕ‬
0LOOHW 9LFWRU %UDXWZHUEXQJ XQG JHVFKHLWHUWH ([RJDPLH LQ GHU %XUJRQGHQVDJH XQG LQ DQGHUHQ
HXURSlLVFKHQ +HOGHQGLFKWXQJHQ ,Q $OIUHG (EHQEDXHU -RKDQQHV .HOOHU KJJ 3|FKODUQHU
+HOGHQOLHGJHVSUlFK'DV1LEHOXQJHQOLHGXQGGLH(XURSlLVFKH+HOGHQGLFKWXQJ3KLORORJLFD*HUPDQLFD
:LHQ6
ㅧ߇ⷐ᳞ߒߡ޿ࠆ߽ߩߣߒߡࠃࠅᄢ߈ߥ᭴ㅧ߿ᚑࠅ┙ߜ߆ࠄ⠨ኤߔߴ߈ߢ޽ࠆ‫ޕ‬0LOOHW ߩ
⠨ኤߔࠆࠃ߁ߦ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩਥ㗴߇ㇱᣖ㑵੎ߛߣߔࠆߥࠄ‫ߩߎޔ‬ቯဳߩ᭴
ㅧߦᴪߞߡ⻦ࠊࠇߚ‫ߩ࡝࠻ࠕޡ‬᱌‫ߩޢ‬႐ว‫ߩ⺆‛ޔ‬ਥ㗴ߪቲߩⷐ᳞ª+RUWIRUGHUXQJ©ߣ޿߁
ࠛࡇ࠰࡯࠼ߦ߅޿ߡ┵⊛ߦ‫߽߆ߒޔ‬㞲ὓߦ⴫⃻ߐࠇߡ޿ࠆ‫ޕ߁ࠈߛࠆ߃⸒ߣޔ‬
㨬ഥߌᚻߦࠃࠆᇾข
ߦࠃࠆᇾขࠅ
ᇾขࠅ‛⺆㨭
‛⺆㨭
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߩߘޔߪߦޢ‬೨✬ߦ߽‫࠻࡞ࡅࡦࡘ࡝ࡊޔ‬વ⺑߆ࠄ⚛᧚ࠍᓧߡੑߟ
ߩᇾขࠅ‛⺆㧔ࠪ࡯ࡈ࡝࠻ߩࠢ࡝ࠛࡓࡅ࡞࠻ߦኻߔࠆ᳞ᇕ࡮ࠣࡦ࠹࡞ߩࡊ࡝ࡘࡦࡅ࡞࠻ߦ
ኻߔࠆ᳞ᇕ㧕߇⟎߆ࠇߡ޿ࠆ‫ޕ‬නりߢࡧࠜ࡞ࡓࠬችᑨߦਸ਼ࠅㄟࠎߢ᳞ᇕߔࠆࠪ࡯ࡈ࡝࠻ߦ
ኻߒ‫⼔଻ߩ࠻࡞ࡅࡓࠛ࡝ࠢߪ࡞࠹ࡦࠣޔ‬⠪ߣߒߡ⚿ᇕߩนุࠍីߞߡ޿ࠆ⥄ಽߩ┙႐ࠍ೑
↪ߒߡ‫⥄ࠍ࠻࡝ࡈ࡯ࠪޔ‬ಽߩࡊ࡝ࡘࡦࡅ࡞࠻߳ߩ᳞ᇕߩഥߌᚻߣߒߡ↪޿ࠆ‫߁ࠃߩߎޕ‬
ߥഥߌᚻࠍ↪޿ࠆ᳞ᇕߪ‫ޔ‬
޿ࠊࠁࠆ㨬ᇾขࠅ‛⺆㨭߇ᓥ߁ߴ߈ᴺೣ㨬ᦨ߽ᒝ޿↵߇ᦨ߽⟤ߒ޿
ᅚࠍᆄߣߔࠆ㨭ࠍ౨ߔ߽ߩߢ޽ߞߚ‫ߪ࠻࡝ࡈ࡯ࠪߣ࡞࠹ࡦࠣޕ‬ᴺೣߣ⃻ታ㧔ᦨᒝߩ↵ߪታ
ߪ᳞ᇕ⠪ࠣࡦ࠹࡞ߢߪߥߊߘߩഥߌᚻࠪ࡯ࡈ࡝࠻ߩᣇߢ޽ࠆ㧕ߩਵ㔌ࠍ㓝ߔߚ߼‫ࡘ࡝ࡊޔ‬
ࡦࡅ࡞࠻ࠍ㓝ࠇ⬉ߣṶᛛߦࠃߞߡ᱂ߊ‫⚿ޔߪ࠻࡞ࡅࡦࡘ࡝ࡊޕ‬ᇕߩ␸ኃߩᏨߢᄦߣࠪ࡯ࡈ
࡝࠻߇ห೉ߩ₺ߣߒߡᝄࠆ⥰ߞߡ޿ࠆ੐ߦ⇼޿ࠍᛴ߈‫ޔ‬ੑ⚵ߩ⚿ᇕߦߪ፣უߩళߒ߇⃻ࠇ
ࠆ‫߇ߛޕ‬ᓐᅚߪౣ߮᱂߆ࠇߡችᑨߩ␸௾ߩ૕ⵙߪ଻ߚࠇ‫ࠍ࠻࡞ࡅࡓࠛ࡝ࠢߪ࠻࡝ࡈ࡯ࠪޔ‬
઻ߞߡࡀ࡯࠺࡞࡜ࡦ࠻ߦᏫ࿖ߔࠆ‫ߡߒ߁ߎޕ‬ੑߟߩ᳞ᇕ‛⺆ߪ౒ߦᚑഞߒ‫⷗৻ޔ‬ᐔⓏߥ⚳
⚿ࠍ⷗ࠆ‫ޕ‬
ᦨ㜞ߩ₺ሶࠪ࡯ࡈ࡝࠻ߣᦨ㜞ߩ₺ᅚࠢ࡝ࠛࡓࡅ࡞࠻ߩ⚫੺߆ࠄᆎ߹ߞߚค੐⹞ߪ‫ߎߎޔ‬
ߢੑੱߩ⚿ᇕߣ❥ᩕߩคㅀߢᱜ⛔ߥ㨬ᇾขࠅ‛⺆㨭ߣߒߡ᐀ࠍ㐽ߓߚ߆ߦ⷗߃ࠆ‫ࠣߡߒߘޕ‬
ࡦ࠹࡞ߩ㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ߪ፣უߩෂᯏࠍౝ൮ߒߡ޿ࠆߩߛ߇‫ޔ‬ችᑨ⊛ߥ⪇߿߆
ߥᚲ૞ߩਛߢ‫ޔ‬ᒝᒁߥ߇ࠄ߽໧㗴ߪ৻⷗⸃ᶖߐࠇߡ޿ࠆ߆ߩࠃ߁ߦ⷗߃ࠆ‫߇ߛޕ‬ᖤ഍ࠍ
↢߻߭ߕߺߪߎߩ⍍㑆ߪ῜⊒ࠍ఺ࠇߡ߽‫ޔ‬᭴ㅧ਄ߪᧂߛోߊ⸃᳿ߐࠇߡ޿ߥ޿‫⌀ޕ‬ታߣ⷗
߆ߌߩਇ৻⥌ߦࠃࠆᖤ഍ߣ޿߁㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ߩ࠹࡯ࡑߪ‫ߩ࠻࡞ࡅࡦࡘ࡝ࡊޔ‬
⢷ߩౝߦ଻ሽߐࠇߚ߹߹‫ߪᤨޔ‬ᵹࠇࠆ‫ޕ‬
᳞ᇕߩഥߌᚻ㧔:HUEXQJVKHOIHU㧕߇⊓႐ߔࠆߩߪ㨬ᇾขࠅ‛⺆㨭ߩ߽߁৻ߟߩࡧࠔ࡝ࠛ࡯࡚ࠪࡦߢ
޽ࠅ‫ߩဳߩߎޔ‬ઍ⴫⊛ߥ߽ߩߦߪ࠻࡝ࠬ࠲ࡦ‛⺆߇޽ࠆ‫ߩߎޕ‬㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ߣ޿߁
ဳߢߪ‫ޔ‬ᇾขࠅ‛⺆ߩ㨬ᦨᒝߩ↵ߣᦨ߽⟤ߒ޿ᅚ㨭ߣ޿߁ᴺೣࠍ⎕ࠅߥ߇ࠄ߽᳞ᇕࠍᚑ┙ߐߖߡߒ
߹߁ὐߦ߭ߕߺ߇↢ߓߡ޿ࠆ‫⌀ޕ‬ታߣ⷗߆ߌߩਇ৻⥌ߣ޿߁ᖤ഍߇⴫⃻ߐࠇࠆဳߛߣ⸒߃ࠆߛࠈ
߁‫ޕ‬
6WURKVFKQHLGHU 3HWHU (LQIDFKH 5HJHOQ ± NRPSOH[H 6WUXNWXUHQ (LQ VWUXNWXUDQDO\WLVFKHV([SHULPHQW ]XP
Ä1LEHOXQJHQOLHG³ ,Q +DUPV:ROIJDQJ 0OOHU-DQ'LUN KJJ 0HGLlYLVWLVFKH.RPSDUDWLVWLN )HVWVFKULIW
IU)UDQ]-RVHI:RUVWEURFN]XP*HEXUWVWDJ6WXWWJDUW/HLS]LJ6
+DXJ:DOWHU+|ILVFKH,GHQWLWlWXQGKHURLVFKH7UDGLWLRQLP1LEHOXQJHQOLHG,Q6WUXNWXUHQDOV6FKOVVHO
]XU:HOWNOHLQH6FKULIWHQ]XU(U]lKOOLWHUDWXUGHV0LWWHODOWHUV7ELQJHQ6+LHU6II
චᐕᓟ‫ߪ࠻࡞ࡅࡦࡘ࡝ࡊޔ‬ਇᱜࠍ᥸޿ߡฬ⹷ࠍ࿁ᓳߒ‫⥄ޔ‬ಽߎߘᮭജߩᦨ㜞૏ߦ┙ߣ߁
ߣ㗿ߞߡ㙺ኃࠍ௅ߒ‫ޔ‬ਔ⚵ߪౣ߮ࡧࠜ࡞ࡓࠬߢ⷗߃ࠆ‫ߩ߳ࠬࡓ࡞ࠜࡧߩߎޕ‬᜗ᓙߪ‫ߐ߹ޔ‬
ߦ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩᆎ߹ࠅߢ޽ࠆ‫ޔߡߟ߆ޕ‬᭴ㅧ߇ⷐ᳞ߒߡ޿ߚߦ߽߆߆ࠊࠄ
ߕ῜⊒߇࿁ㆱߐࠇቮษࠅߦߐࠇߡ޿ߚ㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ߩᖤ഍ߩ⧘ߪ‫ߢߎߎޔ‬ᮭ
ജ㑵੎ࠍࡧࠖࡧࠖ࠶࠼ߦ⴫⃻ߔࠆ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩဳߩ⊓႐ߦࠃߞߡ‫ߩ᧪ᧄޔ‬
ዷ㐿ࠍ⷗ߖᆎ߼ࠆߩߛ‫ࠍߺߕ߭ޕ‬ౝ൮ߔࠆࠣࡦ࠹࡞ߩ⚿ᇕߩ⌀⋧ߪ‫ࠢߣ࠻࡞ࡅࡦࡘ࡝ࡊޔ‬
࡝ࠛࡓࡅ࡞࠻ߩญ⺰ߩ⚿ᨐ‫ߩⴐ౏ޔ‬㕙೨ߢ᣿ࠄ߆ߦߐࠇࠆ‫ߩ࠻࡞ࡅࡦࡘ࡝ࡊߣ࡞࠹ࡦࠣޕ‬
⚿ᇕߩ⛮⛯‫ߩߎߡߒߘޔ‬ੑੱࠍ₺ߣᚬߊࡉ࡞ࠧࡦ࠼ߩ቟ካߩߚ߼ߦߪ‫ᦨޔ‬ᒝߩ↵ࠪ࡯ࡈ࡝
࠻ߩሽ࿷ߪ߽ߪ߿⸵ߐࠇߥ޿߽ߩߣߥࠆ‫ޕ‬
ਃߟߩቯဳ
ߟߩቯဳߩ
ቯဳߩᷙ੤
ᷙ੤
߹ߕ‫ޔ‬೨✬ߩ╭ࠍᡰ߃ߚቯဳߦߟ޿ߡᢛℂߔࠆߣ‫ޔ‬એਅߩࠃ߁ߦߥࠆ‫ޕ‬Ԙࠪ࡯ࡈ࡝࠻ࠍ
ਥੱ౏ߣߔࠆ㨬ᇾขࠅ‛⺆㨭ߪ‫ޔ‬ԙࠣࡦ࠹࡞ࠍਥੱ౏ߣߔࠆ㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ࠍౝ
൮ߔࠆ᭴ㅧ਄৻⇟ᄖ஥ߩᨒࠍߥߒߡ޿ࠆ‫߇ߛޕ‬ԙࠣࡦ࠹࡞ߩ⚿ᇕߪ᭴ㅧ਄߭ߕߺࠍᛴ߃ߡ
߅ࠅ‫ߪߺߕ߭ߩߎޔ‬Ԛ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩᒻࠍ୫ࠅࠆ੐ߢ⓭⎕ญࠍᓧࠆ‫⚿ߩߎޕ‬
ᨐ‫ߪ࠻࡝ࡈ࡯ࠪޔ‬Ვߐࠇ‫ޔ‬Ԙߩ㨬ᇾขࠅ‛⺆㨭ߪઁߩ‛⺆ߩ⺰ℂߩ‶†ߣߥߞߡᝂ᛬ߔࠆ‫ޕ‬
ߥ߅‫ࠄࠇߎޔ‬ਃߟߩ‛⺆ߩቯဳߩ⛊ߺว޿ߦ㑐ߒߡ‫ౕߩߘޔ‬૕⊛ߥ╭ࠍਥዉ⊛ߦផㅴߒߚ
ߩߪࡂࠥࡀߢ޽ࠆ‫ޕ‬
ㆮߐࠇߚࠢ࡝ࠛࡓࡅ࡞࠻ߪ㨬ᇾขࠅ‛⺆㨭ߩᴺೣߦᓥߞߡᦨ㜞ߩ↵ࠪ࡯ࡈ࡝࠻ߣᱜᒰߦ⚿
߫ࠇߚ₺ᅥߢ޽ࠅ‫ޔ‬ᓐᅚߪఱࠣࡦ࠹࡞ߩ᳞ᇕ‛⺆ߩ߭ߕߺߩ‶†⠪ߢ޽ࠆ‫ߩઁߡߞࠃޕ‬㨬⎕
Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩᅚᕈ㆐ߣߪ⇣ߥࠅ‫ޔ‬ᓐᅚߦߪᗌ഍ߩਛߢᱫߧℂ↱߽‫ⴊߚ߹ޔ‬ᣖ
ߩరߦᚯߞߡᓐࠄߣ⺞๺ߔࠆℂ↱߽ߥ޿‫ޕ‬ᱜ⛔ߥ㨬ᇾขࠅ‛⺆㨭ߩਥੱ౏ߢ޽ࠆࠢ࡝ࠛࡓࡅ
࡞࠻ߪ‫ޔ‬㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߦࠃߞߡ⚿ᇕࠍ⎕უߐࠇߚᓟ߽‫ޔ‬Ვߐࠇߚᄦ߳ߩ⽵▵
ࠍ቞ࠆኦᇚߣߥߞߡ↢߈⛯ߌࠆߩߛ‫ߩߎޕ‬ᄦ߳ߩᗲªWULXZH©ࠁ߃ߩᓳ⼦ᔃߪ‫ߣ࡞࠹ࡦࠣޔ‬
ࡊ࡝ࡘࡦࡅ࡞࠻ߩ⚿ᇕߦ㑐ߔࠆ╙ ߩ߭ߕߺ߇⸃ᶖߐࠇࠃ߁ߣߔࠆ㓙ߦ↢߹ࠇߚ╙ ߩ߭
ߕߺ‫ޕ߁ࠈߛࠆ߃⸒ߣޔ‬
ߎ߁ߒߡ╙ ߩ߭ߕߺࠍ⸃ᶖߔߴߊᓟ✬߳ߣ‛⺆ߪ⛮⛯ߐࠇ‫࠷࠶ࠛߪ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬
ࠚ࡞ߩᆄߣߥࠆ‫ࠍ⺆‛ޔߒߛߚޕ‬ផㅴߔࠆߩߪࠢ࡝ࠛࡓࡅ࡞࠻ߩࠪ࡯ࡈ࡝࠻߳ߩᗲªWULXZH©
ߣᖤߒߺߢ޽ࠅ‫ޔ‬㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩ᭴ㅧߦቯ߼ࠄࠇߡ޿ࠆㇱᣖ㑆ߩ㑵੎ߣ޿߁
࠹࡯ࡑߪߎߎߦߪή޿‫⚿ߩߣ࡞ࠚ࠷࠶ࠛޕ‬ᇕ߽ࡈࡦᣖߣࡉ࡞ࠧࡦ࠼൓ߩᲕᚧ߽‫ߩ╭ޔ‬਄ߢ
ߪ‫ߩ࡝࠻ࠕޡ‬᱌‫⷗৻ߣޢ‬ᱴߤหߓࠃ߁ߦ⷗߃ࠆ߇‫ޔ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߩޢ‬ᓟ✬ߩਥ㗴ߪ
+DXJHEG1RUPDWLYHV0RGHOORGHUKHUPHQHXWLVFKHV([SHULPHQW+LHU6 㨬ࡈࠖࡦ࠭ࡉ࡞ࡈߩᚢ޿㨭ߢ₺ᅥߪ᡿࿖ࠕࠗ࡞࡜ࡦ࠼ߦᏫ࿖‫ߩ࡝࠻ࠕޡޕ‬᱌‫ߪࡦ࡯࡞࠭ࠣߢޢ‬ችᲚ
ߦἫࠍ᡼ߞߡᱫߧ‫₺ߪߢޢࡦࠚ࠙ࡦ࡜ࡉޡޕ‬ᅥߪ᡿࿖߳ߩᏫ࿖ߩㅜ਄ߢᱫߧ‫ޕ‬
޽ߊ߹ߢ߽ᄦࠪ࡯ࡈ࡝࠻ߩᲕኂ⠪ߦኻߔࠆᓳ⼦ߢ޽ࠅ‫ޔ‬ੑ૞ຠߩౝታߪోߊ⇣ߥࠆ‫߇ߛޕ‬
ߘ߁ߢ޽ߞߚߦ߽߆߆ࠊࠄߕ‫ߩ⚳ᦨޔ‬ච⹞▵૛ࠅ‫ޔ‬Ვᚧߩᦨᓟߩዪ㕙ߦ⥋ࠆߣ‫ޔ‬
‫࡞ࡌ࡯࠾ޡ‬
ࡦࠥࡦߩ᱌‫߽ߦޢ‬ቯဳߩ࠹࡯ࡑ߇ಝ❗ߐࠇߚฎ޿ࡕ࠴࡯ࡈߢ޽ࠆቲߩⷐ᳞ª+RUWIRUGHUXQJ©
߇⃻ࠇࠆߩߛ‫ߩ࠻࡞ࡅࡓࠛ࡝ࠢޕ‬ᄦ߳ߩᗲªWULXZH©ߣ޿߁േᯏߪᦨᓟߦ⓭ὼᝥߡࠄࠇߚ߆
ߩࠃ߁ߦ⷗߃ࠆ‫ޔߚ߹ޕ‬ᓳ⼦ߐࠇࠆߴ߈㇎ᖡߥᲕኂ⠪ࡂࠥࡀߦߪ‫ޔ‬
‫ߩ࡝࠻ࠕޡ‬᱌‫࠽ࡦࠣߩޢ‬
࡞ߣหߓ⧷㓶ߩᱫ߇ਈ߃ࠄࠇߚ߆ߦ⷗߃ࠆ‫ޕ‬
ߥߗªWULXZH©ߣ޿߁⁛⥄ߩ࠹࡯ࡑࠍᣂߒߊᜬߞߡ޿ߚߪߕߩ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ޔߦޢ‬
㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭߇ᜬߟવ⛔⊛ߥ࠹࡯ࡑ߇ᚯߞߡߊࠆߩߛࠈ߁߆㧫
㨬ቲߩⷐ᳞㨭
ⷐ᳞㨭ߣ޿߁ࡕ࠴࡯ࡈ
ߣ޿߁ࡕ࠴࡯ࡈ߇߽ߚࠄߒߚ
ࡕ࠴࡯ࡈ߇߽ߚࠄߒߚਇᢛว
߇߽ߚࠄߒߚਇᢛวߣ
ਇᢛวߣ⸃㉼
⸃㉼
㨬ෂ㒾ࠍ⍮ࠅߥ߇ࠄ޽߃ߡ᜗ᓙߦᔕߕࠆ⧷㓶௝㨭‫ޔ‬㨬ቲߩⷐ᳞㨭‫ޔ‬㨬ቲߩⷐ᳞ࠍᜎุߔࠆࡉ࡞
ࠧࡦ࠼ߩ⧷㓶௝㨭‫ޕ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߩޢ‬ᓟ✬ߦߪ‫ޔ‬
‫ߩ࡝࠻ࠕޡ‬᱌‫ࠇߎߚ޿ߡࠇࠊ⻦ߦޢ‬
ࠄߩࡕ࠴࡯ࡈ߇⷗ߚߣߎࠈᱴߤߘߩ߹߹ᒁ߈⛮߇ࠇߡ޿ࠆࠃ߁ߦ⷗߃ࠆ‫ޕ‬
ߛ߇೨ㅀߩㅢࠅ‫ޔ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߩޢ‬ᓟ✬ߩ╭ࠍផㅴߒߡ޿ࠆߩߪࠢ࡝ࠛࡓࡅ࡞࠻ߩᄦ߳ߩᗲ
ªWULXZH©ߢ޽ߞߚߩߛ߆ࠄ‫ޔ‬વ⛔⊛ߥ㑵੎ߩ࠹࡯ࡑࠍ⴫⃻ߔࠆࡕ࠴࡯ࡈߪฃߌ౉ࠇ㔍߆ߞ
ߚߪߕߢ޽ࠆ‫ߩ࡞࠹ࡦࠣޔࡀࠥࡂޔ࠻࡞ࡅࡓࠛ࡝ࠢߕ߹ޕ‬ਃੱߩ⊓႐ੱ‛ߩ⸒േࠍㄡࠅ‫ޔ‬
ߘߩᓟߎߩ໧㗴ߦ㑐ߒߡవⴕ⎇ⓥ߇ߤߩࠃ߁ߥ⸃㉼ࠍ␜ߒߡ߈ߚ߆ࠍෳᾖߒߡ‫┙ߩ⺰ᧄޔ‬
ߜ૏⟎ࠍ⠨߃ߚ޿‫ޕ‬
ࠢ࡝ࠛࡓࡅ࡞࠻ߣ
ࠢ࡝ࠛࡓࡅ࡞࠻ߣࡂࠥࡀ
ࡂࠥࡀ ̆㝩ᅚߣ
㝩ᅚߣᔘ⤿‫ޔ‬
ᔘ⤿‫ ߪ޿ࠆ޽ޔ‬WULXZH ߥᆄߣ௉ᘟߥ
௉ᘟߥ↵߆̆
ࡉ࡞ࠧࡦ࠼ߩᴚ⪭ࠍ⸘↹ߒ‫ޔ‬ቲࠍⷐ᳞ߔࠆߩߪ‫ޔ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫࠻ࠕߪߡ޿߅ߦޢ‬
࡝㧔ࠛ࠶࠷ࠚ࡞㧕ߢߪߥߊࠢ࡝ࠛࡓࡅ࡞࠻ߢ޽ࠆ‫ޕ‬ᓐᅚߪᦨ⚳⊛ߦߪࡂࠥࡀࠍᲕߔ߽ߩߩ‫ޔ‬
ߘࠇߪቲࠍ㄰ㆶߒߡ๮ࠍഥ߆ࠆ߆‫ޔ‬Ვߐࠇࠆ߆‫߁޿ߣޔ‬ੑᛯߩⷐ᳞ߦኻߒߡࡂࠥࡀ߇೨⠪
ࠍᜎุߒߚ⚿ᨐߢ޽ࠅ‫⋡᧪ᧄޔ‬ᜰߐࠇߚߪߕߩᓳ⼦ߩᒻߢߪߥ޿‫ߩ࠻࡞ࡅࡓࠛ࡝ࠢߩߎޕ‬
ⴕേߩਇน⸃ߐߦ⺰ℂࠍ᳞߼ࠃ߁ߣߔࠆߣ‫ࠅߚ޽ߒߐޔ‬એਅߩੑㅢࠅߩ⷗ᣇ߇޽ࠅᓧࠆߛ
ࠈ߁‫ࠅ߿ߩࡀࠥࡂߣ࠻࡞ࡅࡓࠛ࡝ࠢߕ߹ޕ‬ขࠅࠍሼ⟵ㅢࠅߦᝒ߃ࠆ႐ว‫ޔ‬ᓐᅚߪ⥄ಽ߇߆
ߟߡᚲ᦭ߒߚ㤛㊄߳ߩၫ⌕ࠁ߃ߦࡂࠥࡀߦߘߩ㄰ㆶࠍⷐ᳞ߒ‫ߡߟ߆ߪߦ߼ߚߩߘޔ‬๺⸃ߩ
⹿޿㧔ªVXRQH©㧕ࠍ⚿ࠎߛ⡺ⷫࠣࡦ࠹࡞ߩᲕኂߐ߃޿ߣࠊߥ޿‫ޟ‬㝩ᅚªYkODQGLQQH©‫ޠ‬
㧔%
%㧕ߣߥߞߚ‫߇ߣߎ߻⺒ߣޔ‬಴᧪ࠆ‫৻ޕ‬ᣇ‫⽎ߦⵣߩ⪲⸒ޔ‬ᓽᕈࠍ┙ߜ਄߇ࠄߖߡߺࠆ
ߣ‫ޔ‬㨬ቲߩⷐ᳞㨭ߪ⽵▵ߥࠢ࡝ࠛࡓࡅ࡞࠻ߩ੢߈ᄦ߳ߩᗲߩ⴫⃻‫ߩ߳ࡀࠥࡂߪ޿ࠆ޽ޔ‬ᒢഷ
ߣ⷗ࠆ੐߇಴᧪ࠆ‫ޕ‬
ᢓ߃ߡᱫ࿾ߦ⿞޿ߡᦨᦼߦߪቲߩⷐ᳞ࠍᜎุߒ‫৻ޔ‬ᣖߩቲߣฬ⹷ࠍ቞ࠆ⧷㓶ߪ‫࠽ࡦࠣޔ‬
࡞㧔ࠣࡦ࠹࡞㧕߆ࠄࡂࠥࡀ߳ߣ⒖േߒ‫ޔ‬ਔ⠪ߩᓎ࿁ࠅߪ੤឵ߐࠇߡ޿ࠆ‫ޔߢߎߎߪࡀࠥࡂޕ‬
૞ຠㅢߒߡ৻⹞▵ߦ߅޿ߡߒ߆㧔%㧕⺆ࠄࠇߡ޿ߥ߆ߞߚ㨬₺ఱᒉߣߩ⹿޿㨭ࠍℂ↱ߦ‫ޔ‬
ⷐ᳞ࠍᜎ⛘ߔࠆ‫ߪ⸒⊒ߩߎޕ‬ਥำ߳ߩᔘᔃࠁ߃ߩ⸒േߥߩ߆‫߳࠻࡞ࡅࡓࠛ࡝߽ࠢߣࠇߘޕ‬
ߩᖡᗧ߆ࠄᓐᅚࠍᖡᅚߦ઀┙ߡ਄ߍ‫ߚ߹ޔ‬หᤨߦ⥄ࠄߩᱫࠍ⟤ൻߒࠃ߁ߣ⿷ហ޿ߚ߽ߩߥ
ߩ߆‫ޕ‬ᓟ⠪ߢ޽ࠇ߫ࡉ࡞ࠧࡦ࠼൓ߩ‫ޟ‬቞ࠅᚻ‫ߚࠇߐ⹏ߣޠ‬ኅ⤿௝ߪᦨ⚳႐㕙ߢᄢ߈ߊំࠄ
ߋ‫ߚ߹ޕ‬೨⠪ߥࠄ߫‫₺ޔ‬ఱᒉߣࡂࠥࡀߪ౒หߒߡࠢ࡝ࠛࡓࡅ࡞࠻ߩਇ೑⋉ࠍ╷േߒߡ޿ߚ
ߎߣߣߥࠆ‫₺ޔߦߎߎޕ‬ఱᒉߩ⟋ߩ᦭ήߩ໧㗴߇ᣂߚߦᶋ਄ߔࠆ‫ޕ‬
ࠣࡦ࠹࡞
ࠣࡦ࠹࡞ ̆ᆂߦኻߔࠆ⟋
ߔࠆ⟋ߩ᦭ή̆
᦭ή̆
ࠢ࡝ࠛࡓࡅ࡞࠻ߪࡂࠥࡀߩᜎุߩℂ↱ࠍ⍮ߞߚᤨ‫ߩ࡞࠹ࡦࠣޔ‬Ვኂࠍහᐳߦ๮ߕࠆ‫ޕ‬⡺
ⷫߢ޽ࠅ‫ߚ߹ޔ‬๺⸃ߩ⹿޿ªVXRQH©ࠍ⚿ࠎߛߦ߽㑐ࠊࠄߕ‫ޔ‬ᓐᅚߪోߊᔃࠍੂߐߥ޿‫ޔߚ߹ޕ‬
ࠣࡦ࠹࡞ߩᱫߦ᭽ߦߪ৻⹞▵ಽ߽ഀࠅᒰߡࠄࠇߕ㧔% 㧕
‫ޔ‬ቲߩ⒁ኒ߇቞ࠄࠇࠆ੐ߦ
╉ߺࠍᶋ߆ߴߡᱫࠎߛ‫ߩ࡝࠻ࠕޡ‬᱌‫ߪߣ࠾ࠣࡋߩޢ‬ᄢ߈ߊ᭽⋧߇⇣ߥࠆ‫⧷ޕ‬㓶ߩᱫࠍ⺆ࠆ
વ⛔⊛ߥឬ౮ᣇᴺ߇‫ߪߦ࡞࠹ࡦࠣޔ‬ᢓ߃ߡណ↪ߐࠇߥ߆ߞߚߩߛ‫ޕ‬
ࠣࡦ࠹࡞ߪࠢ࡝ࠛࡓࡅ࡞࠻ߩ᜗ᓙߦᔕߕࠆ㓙‫ޔ‬๺⸃ߩ⹿޿ࠁ߃ߦ⥄ಽ㆐ߩりߪ቟ోߛߣ
⸒߁‫₺ߚ߹ޕ‬ᒉੑੱ߽‫᦭ߩ⺜ⷫߩߣ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬ή߿೑⋉㑐ଥ߇໧ࠊࠇࠆዪ㕙ߦ߅޿
ߡߪᏱߦ‫ޔ‬ᓐᅚߩ๧ᣇߣߒߡᝄࠆ⥰޿‫ޔ‬ᢜⷞߔࠆࡂࠥࡀࠍᛕ್ߔࠆ‫ޕ‬ᓐࠄߩߎࠇࠄߩ౏
⊛ߥ⊒⸒ߛߌߦᵈ⋡ߔࠇ߫‫ޔ‬ᓐࠄߦߪ⟋ߪߥߊ‫ᦨߪ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬ᓟ๺⸃ߩ⹿޿ªVXRQH©
ࠍ⎕ࠆ⟋ࠍ‽ߒ‫ߩࠈߎߣ߁⸒߇ࡅ࡝࠻࡯ࠖ࠺ޔ‬㨬㝩ᅚ㨭ߣߥߞߡࠣࡦ࠹࡞ࠍᲕኂߒߚߣ޿߁
⷗ᣇ߽ᚑࠅ┙ߟߛࠈ߁‫ߦⵣߩ⸒⊒ߥ⊛౏ߩࠄࠇߎޔ߇ߛޕ‬㓝ߐࠇߚ⚦߆޿⸒േࠍࠢࡠ࡯࠭
ࠕ࠶ࡊߔࠆߣ‫ޔ‬᭽ሶߪᄢಽ⇣ߥࠆ‫ߦ╷ߩࡀࠥࡂߪ࡞࠹ࡦࠣޕ‬ᓥ޿‫ߩߎߦߐ߹ޔ‬๺⸃ߩ⹿޿
ߦࠃߞߡ࠾࡯ࡌ࡞ࡦࠥࡦߩቲࠍࡉ࡞ࠧࡦ࠼ߦᓧߐߖߚߩߢ޽ࠆߒ‫ޔ‬㨬྾ੱߩ⹿޿㨭ߦ߅޿ߡ
₺ఱᒉߪࡂࠥࡀߣᱠߺࠍឥ߃⢻േ⊛ߦᓐᅚߩਇ೑⋉ࠍផߒㅴ߼ߚߩߢ޽ࠆ‫ߚߞߛ⴫ޕ‬ᢜኻ
ߪߖߕߣ߽‫ޔ‬Ᏹߦ⥄ಽߩ೑ࠍ᳞߼ᆂߩਇ೑⋉ߣߥࠆⴕേࠍߣߞߚࠣࡦ࠹࡞ߦ⧷㓶ߩᱫߪ⋧
ᔕߒߊߥߊ‫ߪߦ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬ఱࠍᲕኂߔࠆℂ↱߇චಽߦਈ߃ࠄࠇߡ޿ࠆࠃ߁ߦ߽ᕁࠊ
ࠇࠆ‫ޕ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߡ޿߅ߦޢ‬ೋ߼ߡ⃻ࠇߚࡕ࠴࡯ࡈߢ޽ࠆน⢻ᕈ߇⠨߃ࠄࠇࠆ‫ߩ࡝࠻ࠕޡޕ‬
᱌‫ߪߢޢ‬ఱᒉߣߐࠇࠆࠣࡦ࠹࡞ߣࡂࠥࡀߛ߇‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡޔ‬᱌‫✼ⴊߪߢޢ‬㑐ଥߪߥ޿‫ޕ‬
%,FKEULQJH]DQHLQHQGHV{VSUDFKGD]HGHOZvS G{KLH]VLLUEUXRGHUQHPHQGHQOvS PDQVOXRFLPDEGD]KRXEHWELGHPKkUHVLH]WUXRF IUGHQKHOWYRQ7URQHJHG{ZDUWLPOHLGHJHQXRF ‫ߪߢޟ‬᳿⌕ࠍߟߌ߹ߒࠂ߁‫ߣޠ‬㜞⾆ߥ₺ᅥߪ╵߃ߚ‫ߡߒߘޕ‬ఱߩ๮ࠍขࠆߎߣࠍ๮ߓߚ‫ࡦࠣޕ‬
࠹࡞ߪ㚂ࠍ⪭ߣߐࠇ‫ߩߘߪ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬㜬ࠍߟ߆ࠎߢߘࠇࠍ࠻ࡠࡀࠥߩാ჻ߩ೨ߦᜬߞߡ߈
ߚ‫ߩࡀࠥࡂޕ‬གྷ߈ߪ㕖Ᏹߥ߽ߩߢ޽ߞߚ‫ޕ‬
ࡂࠥࡀ߇ቲࠍ⇛ᅓߒߚ㓙ߣ‫ߩ࠻࡞ࡅࡓࠛ࡝ࠢߚ߹ޔ‬᜗ᓙߦᔕߕࠆ߆ุ߆ߩ⼏⺰ߩਛߢ‫ޕ‬
ఱᆂߩ๺⸃ߩ⹿޿ߣ₺ఱᒉ྾ੱߦࠃࠆ⹿޿ߣ޿߁㧔
‫ߩ࡝࠻ࠕޡ‬᱌‫ߚߞ߆ߥߪߦޢ‬㧕ੑߟߩ
ᄾ⚂㑐ଥ߇೨✬ߦ⟎߆ࠇߚߎߣߦࠃߞߡ‫ޔ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߩޢ‬ቲߩⷐ᳞ߪන⚐ߥㇱᣖ
㑵੎ߩේℂߣ⇣ߥࠅ‫⚿ޔ‬วଔߩ㜞޿ⶄ㔀ߥ߽ߩ߳ߣ⊒ዷࠍㆀߍߡ޿ࠆ‫ࠍࠄࠇߘ߇ߛޕ‬⠨ኤ
ߒߡ߽‫ߩ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬ᄦ߳ߩᗲªWULXZH©ߣ޿߁ᣂߒ޿ਥ㗴ߣ‫ޔ‬ቲߩⷐ᳞ߣ޿߁ฎ޿ਥ
㗴ߩᓳᵴߩ㑐ଥߪ߹ߛ⺑᣿಴᧪ߥ޿‫ޕ‬
వⴕ⎇ⓥߪߤߩࠃ߁ߥ⸃㉼ࠍⴕߞߡ߈ߚߩߛࠈ߁߆‫ޕ‬
ߎࠇ߹ߢߩ⸃㉼
ߎࠇ߹ߢߩ⸃㉼ߣ
⸃㉼ߣ੹ᓟߩ
੹ᓟߩᣇะᕈ
ᣇะᕈ
-DQ'LUN 0OOHU ߪ‫ޔ‬ญᛚᢥቇߦߪ⥄↱‫ޔ‬ᄙ⟵ᕈ߇⸵ߐࠇ‫ߦ‛ࠆࠇ߆ᦠޔ‬᳞߼ࠄࠇࠆࠃ߁
ߥ৻⟵ᕈ㨯ᢛวᕈ߇ᄙዋᰳ⪭ߒߡ޿ߡ߽ᦶ⹗ߩ㓙ߩᾲ⁅߿ᔓළߦࠃߞߡ޽ࠆ⒟ᐲ⵬ࠊࠇ‫ޔ‬
໧
㗴ߣߥࠄߥ޿ߣ⠨߃ࠆ‫ޕ‬ᓐߦࠃࠇ߫‫ޔ‬+RUWIRUGHUXQJ ߩ⸒⪲ߪ⷗߆ߌߩ↳ߒ಴㧔6FKHLQDQJHERW㧕
ߦㆊ߉ߕ‫߽ߦ⪲⸒ߩࡀࠥࡂ߽ߦ⪲⸒ߩ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬ੑ⟵ᕈ㧔'RSSHOVLQQLJNHLW㧕߇޽ࠅ‫ޔ‬
ੑੱߪ⋧ᚻߩ⊒⸒ߩᗧ๧ࠍ⥄ಽߦ೑ߔࠆࠃ߁ߦ⸃㉼ߒߡ⸒⪲ࠍ㄰ߒߚ‫ߡߒߘޕ‬ੑੱ౒ߘࠇ
ߙࠇߩ┙႐ߢߘࠇߙࠇߩൎ೑ࠍᓧࠆ‫ߪੱ⹞ޕ‬ญᛚવᛚߩ․ᕈࠍ೑↪ߒ‫⟵৻ޔ‬ᕈࠍ޽߃ߡㅊ
ⓥߖߕߦ♖✺ߥ޽޿߹޿ߐ㧔SUl]LVH8QVFKlUIH㧕ࠍᱷߒߚߩߢ޽ࠆ‫ޕ‬ᄙ⟵ᕈߪࡒࠬߢߪߥߊ‫ޔ‬
⸘▚ߐࠇߚ᏷ߢ޽ࠅ‫ޔ‬ญᛚᕈߪᮨ୮ߐࠇߚᛛᴺߢ޽ࠆ‫ߡߞࠃޕ‬⍦⋫ࠍᛴ߃ࠆߣߒߡ੎ࠊࠇ
ߡ޿ࠆ▎ᚲߩ⸒⪲߽߹ߚ‫ޔߊߥߪߢߡߒߣߩ߽ߥ⊛⟵৻ޔ‬ᄙ⟵⊛ߥ߽ߩߣߒߡ⸃㉼ߔߴ߈
ߥߩߛ‫ޕߣޔ‬
0OOHU ߩ㨬ੑੱߩ⸒⪲ߩᚢ޿㨭⺑ߪ ᐕ߶ߤ೨ߦ :HUQHU6FKU|GHU߇ᣢߦ⠨߃ߚ߽ߩߢ޽
ߞߚ‫ޕ‬ᓐߪ߈߼⚦߆ߊੱ‛ߩᔃℂ߿⺰ℂࠍᬌ⸛ߒ‫࡝࠻࡯ࠖ࠺ࠍࡀࠥࡂߪ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬
ࡅࠄߩ೨ߢ⾇߼⥄Ꮖᱜᒰൻࠍ⋡ᜰߒߚ߇‫╷ࠅࠃߪࡀࠥࡂޔ‬჻ GHU EHVVHUH 5HFKQHU ߢ޽ࠅ‫ޔ‬
⚿ዪᓐᅚߩᣇ߇㤛㊄᰼ࠁ߃ߦఱࠍᲕኂߔࠆ⠪ߣߒߡ⾇߼ࠄࠇߡ޿ࠆ‫ޕߚߌߠ⺰⚿ߣޔ‬
6FKU|GHU ߇ᓟߩ 0OOHU ߣ⇣ߥߞߡ޿ߚߩߪ‫ޔ‬ᓐ߇࠹ࠢࠬ࠻ౝߩ⺰ℂߦ⇐߹ࠅ‫ߩੱ⹞ߛᧂޔ‬
ᗧ࿑߿⸘▚‫ߪ޿ࠆ޽ޔ‬ญᛚߣᦠ⸥વᛚߩ㑐ଥ߿᭴ㅧߩᬌ⸛ߣ޿ߞߚࡔ࠲࠹ࠠࠬ࠻ߥ໧㗴ᗧ
⼂ࠍᜬߞߡ޿ߥ߆ߞߚ੐ߢ޽ࠆ‫ޕ‬
╭ߦ⺰ℂ⊛ᢛวᕈࠍਈ߃ߡ⸃㉼น⢻ߣߒߚ 6FKU|GHU ߦኻߒ‫ޔ‬+DQV.XKQߪ‫ࡅࡓࠛ࡝ࠢޔ‬
࡞࠻ߩᓳ⼦ߪቲߩⷐ᳞ª+RUWIRUGHUXQJ©ߦࠃߞߡ㗐ᝂߒߚߩߢ޽ࠅ‫ߪ╭ޔ‬⎕✋ߒߡ޿ࠆߣ޿
߁┙႐ߦ┙ߟ‫ߡ߃޽ࠍࡈ࡯࠴ࡕߩߎߡߒߘޕ‬㧔೥㒰޽ࠆ޿ߪ૗ࠄ߆ߩᡷᄌࠍട߃ࠆߎߣߥ
ߒߦ㧕ណ↪ߒߡࠢ࡝ࠛࡓࡅ࡞࠻ࠍᄢᲕᚧࠍᒁ߈⿠ߎߔᖡᅚߦ઀┙ߡ਄ߍߚὐߢ౮ᧄ % ࡧࠔ
࡯࡚ࠫࡦߪ፣უߒߡ޿ࠆ㧔IUFKWHUOLFK㧕
‫ุߣޔ‬ቯ⊛ߥ⹏ଔࠍ␜ߒߚ‫߇ߛޕ‬૗ࠃࠅ .XKQ ߇⎇
ⓥผߩ਄ߢォ࿁ࠍᚑߒߚߩߪ‫ޔ‬ᓐ߇ᧄ႐㕙ߦ㑐ߒߡ %࡮& ࡧࠔ࡯࡚ࠫࡦ߇⇣ߥࠆឬ౮ࠍߒ
6FKU|GHU:HUQHU1LEHOXQJHQOLHG6WXGLHQ6WXWWJDUW6a
HEG6
.XKQ +DQV 'HU7HXIHO LP 1LEHOXQJHQOLHG =X *XQWKHUV XQG .ULHPKLOGV7RG ,Q 5XSS +HLQ] +UVJ
1LEHOXQJHQOLHGXQG.XGUXQ'DUPVWDGW6
HEG6
ߡ޿ࠆ੐ࠍᜰ៰ߒ‫ޔ‬
‫ޡ‬ຟ᱌‫߿ޢ‬౮ᧄ & ࡧࠔ࡯࡚ࠫࡦߩ⎇ⓥߩᔅⷐᕈࠍਥᒛߒߚߎߣߢ޽ࠆ‫ޕ‬
-RDFKLP+HLQ]OH߽߹ߚ‫ᧄޔ‬႐㕙ߦ⟎޿ߡ╭ߩ৻⽾ᕈߪ⹺߼ࠄࠇߕ‫ޔ‬% ࡧࠔ࡯࡚ࠫࡦߩ⸃
㉼ߩน⢻ᕈ㧔$XVOHJXQJVUDXP㧕ߪ㕖Ᏹߦᐢ޿ߣ⠨߃ࠆ‫㉼⸃ߩߎ߇ߛޕ‬น⢻ᕈߪㄭઍᢥቇߩ
ࠃ߁ߦ⹞ੱ߇ᗧ࿑⊛ߦ૞ࠅ⟎޿ߚ߽ߩߢߪߥߊ/|FKHUGHU7H[WHߢ޽ࠅ‫ޔ‬
ᰳ⪭ߛߣ⠨ኤߔࠆ‫ޕ‬
ߚߛߒ‫ ޔ‬਎♿ߩᢥቇߦߪ৻⽾ᕈ߿⺰ℂࠍߘ߽ߘ߽᳞߼ࠆߴ߈ߢߪߥߊ‫޿ߣࠄ߆ߛߚ߹ޔ‬
ߞߡ⺰ⓥࠍਛᱛߔࠆߩߢ߽ߥߊ‫ޔ‬౮ᧄ & ߿ .ODJH ߦ߽⋡ࠍะߌᐢ޿ⷞ㊁ࠍᜬߞߡ⠨ኤࠍㅴ
߼ࠆߴ߈ߛߣ +HLQ]OH ߪ⸒߁‫ߡߒߘޕ‬౮ᧄ % ࡧࠔ࡯࡚ࠫࡦ߇ᣢߦหᤨઍߦ߅޿ߡ㆏⟵⊛ߦ
⇼໧⹖ߐࠇߡ޿ߚน⢻ᕈ߽޽ࠆ‫⎇ߣޔ‬ⓥߩᣂߚߥᣇะᕈࠍ␜ໂߒߚ‫ޕ‬
%DUWVFKGH%RRU ߦࠃࠆ౮ᧄ % ߩ࠹ࠢࠬ࠻ࠍਛᔃ⊛ߦᛒ߁ᩞ⸓ ߪ‫ ޔ‬ᐕઍએ㒠੹ᣣߦ⥋
ࠆ߹ߢᐩᧄߣߐࠇߡ޿ࠆ‫ⶄߪ੹ޔ߇ߛޕ‬ᢙߩࡧࠔ࡯࡚ࠫࡦߩ࠹ࠢࠬ࠻ࠍෳᾖߔࠆ੐‫ߘޔ‬
ߒߡ୘‫࠻ࠬࠢ࠹ߩޘ‬਄ߩ໧㗴ߩ⸃㉼ࠍⴕ߁ߩߣหᤨߦ૞ຠߩᕈᩰ࡮᭴ㅧߦ㑐ߔࠆ⹏ଔࠍቯ
߼ࠆ੐߇᳞߼ࠄࠇߡ޿ࠆ‫ޕ‬
౮ᧄ & ࡧࠔ࡯࡚ࠫࡦߣ
ࡧࠔ࡯࡚ࠫࡦߣ౮ᧄ % ࡧࠔ࡯࡚ࠫࡦߩ
ࡧࠔ࡯࡚ࠫࡦߩ㑐ଥ
㑐ଥ
౮ᧄ $%&ߩ߁ߜߤࠇ߇‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫߽ᦨߦ࡞࠽ࠫ࡝ࠝߩޢ‬ㄭ޿㑐ଥߦ޽ࠆ
߆‫߁޿ߣޔ‬໧㗴ߪ‫ ޔ‬਎♿ࠍㅢߒߡ㐳ߊ⺰ߓࠄࠇߚ‫ ߡߒߘޕ‬ᐕߦ :LOKHOP %UDXQH ߇
౮ᧄ % ࡧࠔ࡯࡚ࠫࡦࠍࠝ࡝ࠫ࠽࡞ߦᦨ߽ㄭ޿߽ߩߣߔࠆ♽⛔࿑ߩ⺰ࠍ⊒⴫ߒߘࠇ߇ࠦࡦ
࠮ࡦࠨࠬࠍᓧߚᓟߪ‫ ޔ‬ᐕઍ߹ߢ‫ޔ‬౮ᧄ % એᄖߩ౮ᧄߩ࠹ࠢࠬ࠻ߦ㍈ߊ⎇ⓥߩ⋡߇ะߌ
ࠄࠇࠆߎߣߪᱴߤߥ߆ߞߚ‫ ߪⷰ࠻ࠬࠢ࠹ߥ߁ࠃߩߎޕ‬+HOPXW %UDFNHUW ߇ ᐕߦ಴ ߐ
ࠇߚඳ჻⺰ᢥߦ߅޿ߡ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߩߟ৻ߪޢ‬ේೋဳࠍᜬߟ̌IHVW̌ߥ૞ຠߣߺࠆ
ߴ߈ߢߥߊ‫ޔ‬વᛚ⁁ᴫߪ߽ߞߣⶄ㔀ߛߞߚߣਥᒛߒߚ㗃߆ࠄᄢ߈ߊᄌൻߔࠆ‫ߟ৻ࠆ޽ޕ‬
ߩ᳿ቯ⊛ߥᮭᆭࠍᜬߟේဳ߆ࠄోߡߩࡧࠔ࡯࡚ࠫࡦ߇ᵷ↢ಽጘߒ‫ޔ‬౮ᧄ % ߩ࠹ࠢࠬ࠻߇ߘ
㧔หߓ⚛᧚ࠍ㘃ૃ
ߩߥ߆ߢᦨ㜞ߩଔ୯ࠍᜬߞߡ޿ࠆߣ޿߁⹺⼂ߪᡷ߼ࠄࠇߚ‫ޔߒߛߚ ޕ‬
+HLQ]OH -RDFKLP *QDGH IU +DJHQ" 'LH HSLVFKH 6WUXNWXU GHV 1LEHOXQJHQOLHGHV XQG GDV 'LOHPPD GHU
,QWHUSUHWHQ ,Q )ULW] 3HWHU .QDSS+UVJ 1LEHOXQJHQOLHG XQG .ODJH 6DJH XQG *HVFKLFKWH 6WUXNWXU XQG
*DWWXQJ+HLGHOEHUJ6
+HLQ]OH -RDFKLP 0L‰HUIROJ RGHU 9XOJDWD" =XU %HGHXWXQJ GHU &9HUVLRQ LQ GHU hEHUOLHIHUXQJ GHV
³1LEHOXQJHQOLHGV´,Q&KLUFD0DUN+HLQ]OH-RDFKLP<RXQJ&KULVWSKHU+JJ%OWH]HLW)HVWVFKULIWIU/
3HWHU-RKQVRQ]XP*HEXUWVWDJ7ELQJHQ6+LHU6
ࡒࡘࡦࡋࡦ౮ᧄa ᐕ㗃ߦᚑ┙ ‫ޕ‬9JO +RIIPDQQ :HUQHU 1LEHOXQJHQOLHG 6DPPOXQJ
0HW]OHU+LHU6
(EGࠩࡦࠢ࠻ࠟ࡟ࡦ౮ᧄ ਎♿ඨ߫߆ࠄᓟඨ㗃ߦᚑ┙ (EG࠼࠽࠙ࠛ࠶ࠪࡦࠥࡦ౮ᧄ ਎♿೨ඨ㗃ߦᚑ┙ %UDXQH:LOOKHOP'LH+DQGVFKULIWHQYHUKlOWQLVVHGHV1LEHOXQJHQOLHGHV3%%6
%UDFNHUW+HOPXW%HLWUlJH]XU+DQGVFKULIWHQNULWLNGHV1LEHOXQJHQOLHGHV%HUOLQ+LHU6
(KULVPDQQHEG6
ߩᛛᏁߦࠃߞߡᢛᒻߒ߃ߚ㧕ᄙߊߩ⹞ੱߦࠃߞߡ᭽‫ߥޘ‬౮ᧄࡧࠔ࡯࡚ࠫࡦ߇੕޿ߦ㑐ଥߒ
วࠊߕߦ⁛┙⊛ߦ↢߹ࠇߚߣ޿߁⺰ߦߟ޿ߡߪᒰೋ߆ࠄ⇣⺰߇᜼߇ߞߚ‫⽾৻ࠆ޽ޔߦ․ޕ‬
ߒߚ᭴ᗐߩ߽ߣߦ⹞▵ߩㅊട߿ᡷᄌ߇ⴕࠊࠇߚ౮ᧄ& ߦߟ޿ߡߪ‫ޔ‬
ഃㅧ⊛ߥ৻ੱߩ⹞ੱ
㧔޽
ࠆ޿ߪߘ߁ߒߚ⠪ࠍขࠅᏎߊ৻ߟߩࠣ࡞࡯ࡊ㧕ߩሽ࿷ࠍᗐቯߔߴ߈ߛߣ⠨߃ࠄࠇߚ‫⃻ ޕ‬
࿷ᄢඨߩ⎇ⓥ⠪ߪ‫ࡦࠥࡦ࡞ࡌ࡯࠾ޔ‬વᛚߪ޽ࠆᦠ⸥ൻߐࠇߚේဳߦ߅޿ߡᒻࠍߥߒߚ߇‫ޔ‬
ߘࠇߪ⊒⷗ߐࠇߡ߅ࠄߕ‫੹ޔ‬ෳᾖ಴᧪ࠆߩߪߘߎ߆ࠄੑߟߦಽ߆ࠇߡ޿ߞߚ % ♽⛔ߣ & ♽
⛔ߩ౮ᧄߢ޽ࠆ‫ߩ⛔♽ &ޔߡߒߘޕࠆ޿ߡߒ⥌৻ߢ⸃⷗߁޿ߣޔ‬વᛚߪ౮ᧄൻߐࠇࠆࠃࠅ
߆ߥࠅᣧ޿Ბ㓏ߢ % ♽⛔ߩવᛚߦᡷᄌ㧔%HDUEHLWXQJHQ㧕ࠍട߃ߡᚑ┙ߒߚߪߕߛ‫ߣޔ‬ផ᷹
ߐࠇߡ޿ࠆ‫ޕ‬
߹ߚ‫ޔ‬౮ᧄ % ߩᜬߟ᏷ᐢ޿⸃㉼ߩน⢻ᕈߦኻߒߡ‫ޔ‬౮ᧄ & ߪน⢻ᕈࠍ㐽ߓ৻ߟߩᣇะߦ
ዉߎ߁ߣߒߡ޿ࠆ‫⷗߁޿ߣޔ‬ᣇ߇ᄙߊߩ⎇ⓥ⠪ߦ౒᦭ߐࠇߡ޿ࠆ‫ޔߚ߹ޕ‬౮ᧄ & ߪ‫ޡ‬ຟ᱌‫ޢ‬
ߩ⻉ࡧࠔ࡯࡚ࠫࡦߣ౒ߦ‫ߩ╭ޔ‬⍦⋫ߩ⸃᳿߿㖿ᓞߩ♖✺ൻ߇࿑ࠄࠇߡ߅ࠅ‫ߚ߹ޔ‬ችᑨ⊛ߢ
ࠠ࡝ࠬ࠻ᢎ⦡߇ᒝߊ‫ ޕࠆ޿ߡࠇߐ᦭౒߽⹏߁޿ߣޔࠆ޿ߡߒ⟋఺ࠍ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬વ
ᛚ⁁ᴫࠍ⷗ࠇ߫‫ޔ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ࠍޢ‬વ߃ࠆ ߩ౮ᧄߩ߁ߜ‫ࡦ࡚ࠫ࡯ࠔࡧ & ߪ ޔ‬
ߦዻߔࠆ߽ߩ߆ %࡮& ࡧࠔ࡯࡚ࠫࡦߩⶄว૕ߢ޽ࠅ‫ ޔ‬਎♿ߩ࠾࡯ࡌ࡞ࡦࠥࡦવᛚߦ߅޿
ߡ & ࡧࠔ࡯࡚ࠫࡦߪ % ࠃࠅ߽ఝ൓ߢᄢ߈ߥᓇ㗀ജࠍᜬߞߡ޿ߚߎߣ߇ಽ߆ࠆ‫ ߚ߹ ޕ‬%
ࡧࠔ࡯࡚ࠫࡦ߇‫ޔ‬หᤨᦼߦਗⴕߒߡᒻ૞ࠄࠇߡ޿ߚ & ࡧࠔ࡯࡚ࠫࡦ߆ࠄㅒߦᓇ㗀ࠍฃߌߚ
੐߽චಽ⠨߃ࠄࠇࠆ‫ޕ‬
౮ᧄ & ߦሽ࿷ߔࠆ߇ % ߦߥ޿⁛⥄ߩ⹞▵㧔ㅊട⹞▵㧕߿ᡷᄌ੐㗄ߩᄙߊߪࠢ࡝ࠛࡓࡅ
6FKXO]H8UVXOD'DV1LEHOXQJHQOLHG5HFODP6WXWWJDUW6/LHQHUW(OLVDEHWK3HUVSHNWLYHQ
GHU 'HXWXQJ GHV 1LEHOXQJHQOLHGHV ,Q -RDFKLP +HLQ]OH +UVJ 'LH 1LEHOXQJHQ 6DJH (SRV 0\WKRV
:LHVEDGHQ6
.QDSS)ULW]3HWHU7UDJRHGLDXQG3ODQFWXV'HU(LQWULWWGHV1LEHOXQJHQOLHGHVLQGLH:HOWGHUOLWWHUDWL,Q
1LEHOXQJHQOLHGXQG.ODJH6DJHXQG*HVFKLFKWH6WUXNWXUXQG*DWWXQJ3DVVDXHU1LEHOXQJHQJHVSUlFKH
.QDSS)ULW]3HWHU+UVJ+HLGHOEHUJ6+LHU6
+HLQ]OH-RDFKLP%XPNH-RDFKLP0OOHU-DQGLUN+RIIPDQQ:HUQHU ߥߤ‫ޕ‬
+HLQ]OH-RDFKLP7KH0DQXVFULSWVRIWKH1LEHOXQJHQOLHG,Q:0F&RQQHOO+UVJ$&RPSDQLRQWRWKH
1LEHOXQJHQOLHG&ROXPELD6+HLQ]OHHEG6SDVVLP
ߘ߽ߘ߽౮ᧄ೙૞ߪ౮ᧄ % ࠃࠅ & ߩᣇ߇వߢ޽ࠆ‫ޕ‬ㅊട⹞▵‫ޔ‬ᡷᄌ▎ᚲߣ⸒ࠊࠇߡ޿ࠆߩߪ‫ޔ‬
౮ᧄൻߐࠇࠆએ೨ߩᲑ㓏ߢ&ࡧࠔ࡯࡚ࠫࡦߪ%ࡧࠔ࡯࡚ࠫࡦߦᣂߒ޿ᖱႎߩㅊട߿⍦⋫ߩ⸃᳿╬ߩ
ᡷᄌࠍട߃ߚߣ޿߁ᗧ๧߆ࠄߢ޽ࠆ‫ޕ‬ෳ⠨㧦ࡧࠜ࡞ࡈ࡜ࡓߩ‫ߩ߳࠻࡞ࡕ࡯࡞ߩޢ࡞࡯ࠔࡧ࠴࡞ࡄޡ‬
⸒෸ߩㇱಽ
㧔㧕
߇౮ᧄ & ߩ࠹ࠠࠬ࠻ࠍᗐቯߒߡ޿ࠆ੐߆ࠄ‫ߩࡦ࡚ࠫ࡯ࠔࡧ &ޔ‬વᛚߪ 㗃ߦߪᣢߦሽ࿷ߒߡ޿ߚߣ⠨߃ࠄࠇࠆ‫ޕ‬+RIIPDQQ :HUQHU 1LEHOXQJHQOLHG 6DPPOXQJ 0HW]OHU
6WXWWJDUW$XIO+LHU6 ߘߩࠃ߁ߥ౮ᧄ % ߦή޿⚛᧚ࠍ฽߻ & ࡧࠔ࡯࡚ࠫࡦߩવᛚߪ‫ޔ‬ផ
᷹ߔࠆߦ౮ᧄ % ߩᚑ┙ߦవࠎߓߡሽ࿷ߒߡ޿ߚ㧔ᦠ⸥ൻߐࠇߡ޿ߚน⢻ᕈ߽޽ࠆ㧕‫ޕ‬+HQNHO
1LNRODXV 'LH 1LEHOXQJHQNODJH XQG GLH &%HDUEHLWXQJ GHV 1LEHOXQJHQOLHGHV ,Q +HLQ]OH -RDFKLP㩷㩷 .OHLQ
.ODXV2EKRI8WH+JJ'LH1LEHOXQJHQ6DJH(SRV0\WKRV:LHVEDGHQ6+LHU6߹
ߚ෻ኻߦ‫ޔ‬% ࡧࠔ࡯࡚ࠫࡦ߇‫ޔ‬หᤨᦼߦਗⴕߒߡᒻ૞ࠄࠇߡ޿ߚ & ࡧࠔ࡯࡚ࠫࡦ߆ࠄᓇ㗀ࠍฃߌߚ
੐߽චಽ޽ࠅᓧࠆ‫ޕ‬
࡞࠻ߣࡂࠥࡀ௝ߦ㑐ߔࠆ߽ߩߦࠃߞߡභ߼ࠄࠇߡ߅ࠅ‫⹏ߩ‛ੱޔ‬ଔߦ৻⽾ᕈࠍᜬߚߖࠆ
ߥߤ‫ޔ‬૞ຠߩ᭴ᚑജࠍ㜞߼ࠆᎿᄦ߇ߥߐࠇߡ޿ࠆ‫ ޕ‬ቲߩⷐ᳞ª+RUWIRUGHUXQJ©ߣߘࠇߦ㑐
ㅪߔࠆ႐㕙ߦ㑐ߒߡ‫ޔ‬౮ᧄ %࡮& ߩ⋧㆑ὐࠍ⠨ኤߔࠆ‫ޕ‬
౮ᧄ %࡮
࡮& ߩ࠹ࠢࠬ࠻ߩ
࠹ࠢࠬ࠻ߩ⋧㆑
⋧㆑
ࠢ࡝ࠛࡓࡅ࡞࠻௝
ࠢ࡝ࠛࡓࡅ࡞࠻௝ߩᡷᄌ
ᡷᄌ
Ԙª+RUWIRUGHUXQJ©̆
̆㤛㊄᰼߆ࠄ
߳̆
㤛㊄᰼߆ࠄࠪ࡯ࡈ࡝࠻
߆ࠄࠪ࡯ࡈ࡝࠻߳ߩ
ࠪ࡯ࡈ࡝࠻߳ߩªWULXZH©߳
߳ߩ
౮ᧄ %࡮& ߩਔࡧࠔ࡯࡚ࠫࡦߦ߅޿ߡ‫࠼ࡦࠧ࡞ࡉߪ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬൓ߩ೔⌕ᓟߣᦨ⚳
႐㕙ߩੑᐲ‫ޔ‬ቲߩⷐ᳞ª+RUWIRUGHUXQJ©ࠍⴕ߁‫ޕ‬౮ᧄ & ߩ⹞ੱߪ‫৻ߩߘޔ‬ᐲ⋡ߩ႐㕙ߩ⋥ᓟ
ߦએਅߩᡷᄌ߿⹞▵ߩㅊടࠍⴕ߁‫ߡߒߘޕ‬ᓐᅚߩ⋡⊛߇㤛㊄ߢߪߥߊࠪ࡯ࡈ࡝࠻Ვኂߦኻ
ߔࠆఘ޿ߩⷐ᳞ߢ޽ࠆߎߣ߇␜ߐࠇࠆ‫ޕ‬
&࠾࡯ࡌ࡞ࡦࠥࡦߩቲߣߘߩᚲ᦭⠪ߩ੐ࠍᕁߞߡ‫ߣߞߕߪ⑳ޔ‬ຟߒ޿Ფᣣ
ࠍㅍߞߡ߈ߚߩߢߔ‫ޕ‬
&㨬⑳ߪ޽ߥߚߦ૗߽ᜬߞߡ߈ߡߪ߅ࠅ߹ߖࠎ‫ޕ‬㨭ߣࡂࠥࡀߪ⸒ߞߚ‫ޕ‬㨬⑳
ߪ⥄ಽߩᬼߥߤߚߊߐࠎ៤߃ߡ߈ߡ޿߹ߔ‫ߩߎߪߦઁޕ‬⢵㎸ߥߤ‫ߪ౅ߩ⑳ޕ‬శࠅ
ノ޿ߡ޿߹ߔ‫ߩߎߦࠇߘޕ‬ᚻߦ޽ࠆ೶ߪ‫ߦߚߥ޽ޔ‬Ꮕߒ਄ߍࠆߚ߼ߦᜬߞߡ߈ߚ
߽ߩߢߪ޽ࠅ߹ߖࠎ‫ޕ‬㨭
&㧔ㅊട⹞▵㧕⑳ߪߐࠄߦ㤛㊄ࠍᓧߚߊߡߎ߁⸒ߞߡ޿ࠆߩߢߪ޽ࠅ߹ߖ
ࠎ‫ߦੱߪߦ⑳ޕ‬ਈ߃ࠄࠇࠆ߽ߩ߇ߚߊߐࠎ޽ࠅ‫߽ߣߊߥߪ‛ࠅ⿅ߩߚߥ޽ޔ‬᭴ࠊ
ߥ޿ߩߢߔ‫ߩߟߣ߭ޕ‬Ვኂߣ߰ߚߟߩᒝᅓࠍ޽ߥߚߪ⑳ߦኻߒߡⴕ޿߹ߒߚ‫ޔ‬
ߘߩ៊ኂߦ㑐ߒߡ⑳ߪఘ޿ࠍฃߌߚ޿ߩߢߔ‫ޕ‬
╙ ⹞ⴕ⋡ߩ‫ߩߟߣ߭ޟ‬Ვኂ‫ޠ‬
‫ߩ࠻࡝ࡈ࡯ࠪߪߣޔ‬Ვኂߢ޽ࠆ‫ߩߟߚ߰ޟߡߒߘޕ‬ᒝ
0LOOHW9LFWRU*HUPDQLVFKH+HOGHQGLFKWXQJLP0LWWHODOWHU(LQH(LQIKUXQJ%HUOLQ+LHU6
+HQNHOHEG+LHU6
&'{VSUDFKGLXNXQHJLQQH LFKKkQVRXFKJHGkKW LUKDEWPLUVQRFKYLOZrQLF KHU]HODQGH
EUkKW VZL HU PvQ HLJHQ ZDHUH XQGH LFK VvQ ZvOHQ SIODF QDFK LP XQG VLPH KHUUHQ KDQ LFK YLO
PDQLJHQOHLGHQWDFኻᔕߔࠆ %GHVKkQLFKDOOH]vWH YLOPDQLJHQWU€ULJHQWDF &'D]LVWYHUORUQDUEHLW VSUDFKDEHU+DJHQHZLHPRKWHLFKLXLKWEULQJHQ" LFKKDQYLO]H
WUDJHQHDQKDOVSHUJHXQGDQVFKLOWH DQPLPHKHOPHOLHKW GL]VZHUWDQPLQHUKHQGH GHVHQEULQJHLFK
LXQLHKW ኻᔕߔࠆ % ߣߪዊߐߥ⋧㆑ߪ޿ߊߟ߆޽ࠆ‫ޕ‬
& -kQH UHGH LK] QLKW GDUXPEH GHLFK PrUH JROGHV ZHOOH JHUQ LFK KkQV V{ YLO ]H JHEHQH GHLFKLXZHUJkEHPDFHQEHUQ HLQPRUWXQG]ZrQHURXEH GLHPLUVLQWJHQRPHQ GHVP|KWHLFKYLO
DUPH QRFK]HOLHEHPJHOWHNRPHQ
ᅓ‫ࠍ࠻࡝ࡈ࡯ࠪߡߟ߆߇ࡀࠥࡂޔߪߣޠ‬Ვኂߒߚᤨߦᓐߩ೶ࡃ࡞ࡓࡦࠢࠍᅓߞߚ੐ߣ‫ޔ‬
ᓟᦺߩ⿅ࠅ‛ߣߒߡࠪ࡯ࡈ࡝࠻߇ࠢ࡝ࠛࡓࡅ࡞࠻ߦ⿅ߞߚ࠾࡯ࡌ࡞ࡦࠥࡦߩ㤛㊄ࠍᅓ
ߞߚ੐ࠍᜰߒߡ޿ࠆ‫ޕ‬
߹ߚ‫ޔ‬ੑᐲ⋡ߩቲߩⷐ᳞㧔%‫ޔ‬ኻᔕߔࠆߩߪ &㧕ߩ⋥೨ߢ‫ޔ‬౮ᧄ & ߩࠢ࡝ࠛࡓ
ࡅ࡞࠻ߪࠪ࡯ࡈ࡝࠻ߩߚ߼ߩᓳ⼦ࠍᔨߓߡ޿ࠆ‫ޕ‬ቲߘࠇ⥄૕ߪᓐᅚߩ⋡⊛ߢߥ߆ߞߚ੐߇
ಽ߆ࠆ‫ޕ‬
&ࠢ࡝ࠛࡓࡅ࡞࠻ߪᕁߞߚ‫ޔ‬
‫੹ޟ‬ᣣߎߘ⑳ߪ‫ޔ‬ᗲߔࠆᄦߩ੸ࠍ⸛ߟߩߛ‫ޕ‬
‫ޠ‬
એ਄ߩࠃ߁ߦ‫ޔ‬౮ᧄ & ߩ⹞ੱߪ‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޔ‬ቲࠍ߆ߟߡߩᜬߜਥߢ޽ߞߚࠪ࡯ࡈ
࡝࠻ߩ⽎ᓽߣߒߡᛒߞߡ޿ࠆ‫ߪ࠻࡞ࡅࡓࠛ࡝ࠢޕ‬ᄦࠍᲕߒߚࡂࠥࡀߦቲߩ㄰ㆶࠍⷐ᳞ߔࠆ
੐ࠍㅢߒߡ‫ޔ‬ᓐࠍᒢഷߒ‫⥄ߚ߹ޔ‬ಽߩᄦ߳ߩᗲªWULXZH©ߣᓳ⼦ߩᗧᔒࠍ⴫⃻ߒߡ޿ࠆ‫ޕ‬
ԙࠢ࡝ࠛࡓࡅ࡞࠻ߩ
ࠢ࡝ࠛࡓࡅ࡞࠻ߩᱷᔋᕈߩ
ᱷᔋᕈߩ✭๺
✭๺
ࠢ࡝ࠛࡓࡅ࡞࠻ߪᓳ⼦ߩߚ߼ࡉ࡞ࠧࡦ࠼൓ࠍࡈࡦߩ࿖ߦ๭߮ነߖࠆ‫ޕ‬
౮ᧄ % ߢߪߘߩ㓙‫ޔ‬
ᓐᅚߩᱷᔋߐ߇ᒝ⺞ߐࠇ‫ޔ‬ᖡ㝷ߦໂߐࠇߡ㤛㊄ߩߚ߼ߦᄢἴාࠍᒁ߈⿠ߎߔࠢ࡝ࠛࡓࡅ࡞
࠻ࠍ࠺ࠖ࡯࠻࡝ࡅߪ㝩ᅚ㧔YkODQGLQQH % &㧕ߣ⸒ߞߚ‫ޕ‬౮ᧄ & ߩ⹞ੱߪ‫ޔ‬ᓐᅚߦ
ኻߔࠆߘߩࠃ߁ߥ㕖㔍ࠍシᷫߒࠃ߁ߣ⹜ߺ‫ޔ‬౮ᧄ % ߦ޽ߞߚ㨬㧔%㧕ᖡ㝷ߪࠢ࡝ࠛࡓ
ࡅ࡞࠻ߦ‫ޔ‬ᓐᅚ߇ࠠࠬࠍએߡ߆ߟߡ๺⸃ߒߚࠣࡦ࠹࡞ߣߩ⡺ⷫߩ⺈ࠍ⎕ࠆࠃ߁ໂߒߚ‫ޕ‬㨭
ߣ޿߁৻▵ߪ೥㒰ߐࠇࠆ‫ޕ‬
ߐࠄߦ౮ᧄ & ߪ‫ޔ‬ᄢᲕᚧߦ㑐ߔࠆ⽿છ߆ࠄ߽ࠢ࡝ࠛࡓࡅ࡞࠻ࠍ఺ࠇߐߖࠆ‫ޕ‬ᓐᅚߩᒰೋ
ߩ⸘↹ߪࡂࠥࡀ৻ੱࠍᲕኂߔࠆ߽ߩߢ޽ߞߚߩߦ‫৻ߩ࠼ࡦࠧ࡞ࡉ߇ࠇߘޔ‬ᣖ㇢ౄߩ⚿วߦ
㒖߹ࠇߚߚ߼ߦᚢ޿߇ỗൻߒߡߒ߹ߞߚߣ⺑᣿ߔࠆߩߛ‫ޕ‬౮ᧄ & ߢߪߎߩ⒳ߩ఺⟋߇ㅊട
⹞▵ߦ߅޿ߡਃᐲ➅ࠅ㄰ߐࠇࠆ‫ޕ‬
&㧔ㅊട⹞▵㧕ࠢ࡝ࠛࡓࡅ࡞࠻ߪ౓ࠍㅍࠅ಴ߔ೨ߦ⸒ߞߚ‫ޕ‬
‫ޟ‬ᓐࠄߦળߞߚࠄ
&VLGDKWLFKJHULFKHKLXWH PLQVYLOOLHEHQPDQQHVOLS౮ᧄ % ߢߪ %GHU.ULHPKLOGH
UkFKH ZDUWDQLQEHLGHQJHQXRF ࠢ࡝ࠛࡓࡅ࡞࠻ߩᓳ⼦ߪੑੱߦኻߒߡᨐߚߐࠇߚ‫ޕ‬
%,FKZDHQHGHUEHOYkODQW.ULHPKLOGHGD]JHULHW GD]VLVLFKPLWIULXQWVFKHIWHYRQ*XQWKHUH
VFKLHW GHQVLGXUFKVXRQHNXVWHLQ%XUJRQGHQODQW GREHJRQGHLUDEHUVDOZHQYRQKHL]HQWUHKHQLU
JHZDQW ౮ᧄ % ߢߪ‫ࠍੱ৻ࡀࠥࡂޔ‬ᓳ⼦ߩኻ⽎ߣߔࠆࠢ࡝ࠛࡓࡅ࡞࠻ߩ⸘↹ߪ‫ޔ‬ᣢߦᄙߊߩ౓߇ᄬࠊࠇ
ߚᚢ޿ߩᓟ⋚ߢ৻ᐲߛߌㅀߴࠄࠇߡ޿ߚ‫ޕ‬㧔% &㧕
&Ç.ULHPKLOWGLVHUHFNHQ KHWHGDQJHVDQW VLVSUDFKRELUVDOV{YLQGHW GXUFKJRWV{VvW
JHPDQW GD]LUGkVODKHWQLHPHQ ZDQGHQHLQHQPDQ GHQXQJHWULXZHQ+DJHQHQ GLHDQGHUQVXOWLU
OHEHQOkQ
ਇታߥࡂࠥࡀએᄖߩ⺕߽Ვߒߡߪߥࠄߥ޿੐ࠍ␹߆ߌߡᕁ޿಴ߒߥߐ޿‫ޔ‬
ઁߩ⠪ߪ
↢߆ߒߡ߅ߊߩߢߔ‫ޕ‬
‫ޠ‬
&㧔ㅊട⹞▵㧕ࠢ࡝ࠛࡓࡅ࡞࠻ߪ⸒ߞߚ‫ࠍߣߎߩࠅ߹޽ߦ⑳ߪࡀࠥࡂޟ‬ὑߒ
ߚߩߢߔ‫ޕ‬ᓐߪ⑳ߩᗲߔࠆࠪ࡯ࡈ࡝࠻ࠍᲕߒ߹ߒߚ‫ߩઁࠍࡀࠥࡂޕ‬⠪߆ࠄᒁ߈㔌ߒ
ߚ⠪ߦߪ⑳ߩ㤛㊄ࠍਈ߃߹ߔ‫ޕ‬
ᓐએᄖߩ⠪ߦᓳ⼦ߔࠆߣߪ⑳ߦߣߞߡᔃ߆ࠄགྷ߆ࠊ
ߒ޿੐ߢߔ‫ޕ‬
‫ޠ‬
&㧔ㅊട⹞▵㧕ࠢ࡝ࠛࡓࡅ࡞࠻ߪߎߩᄢ߈ߥᚢ޿ࠍ੍ᦼߒߡ޿ߥ߆ߞߚ‫ޕ‬ᓐ
ᅚߪࡂࠥࡀߩ๮ࠍߩߺᅓ޿ߚ߆ߞߚߩߛ‫ޕ‬
ߛ߇ᖡߒ߈ᖡ㝷߇ઁߩోߡߩ⠪㆐ߦ߽ߘ
߁ߥࠆࠃ߁ߦߒߡߒ߹ߞߚߩߛ‫ޕ‬
౮ᧄ & ߩ⹞ੱߪࠢ࡝ࠛࡓࡅ࡞࠻ߩᄦ߳ߩᗲªWULXZH©ࠍᒝ⺞ߒ‫ޔ‬ᓐᅚߩ⋡⊛ߪ㤛㊄ߢߪߥ
ߊࡂࠥࡀߦኻߔࠆᓳ⼦ߢ޽ߞߚ੐‫ߚ߹ޔ‬Ვᚧߩ᜛ᄢߦߟ޿ߡᓐᅚߦ⽿છߪߥ߆ߞߚߣ޿߁
੐ࠍ➅ࠅ㄰ߒㅀߴࠆ‫ޕ‬
ࡂࠥࡀߣ
ࡂࠥࡀߣ₺ఱᒉߩ
₺ఱᒉߩ⟋
Ԙࡂࠥࡀ௝
̆
ࡂࠥࡀ௝ߩᡷᄌ̆
ᡷᄌ̆ਥำߦ
ਥำߦኻߔࠆਇታ
ߔࠆਇታ XQWULXZH̆
ࡂࠥࡀߪᦨᓟߦ㨬₺ఱᒉߣߩ⹿޿㨭ߦ⸒෸ߒ‫ޔ‬ቲߩ࿷ಣߦߟ޿ߡญࠍླྀ߻‫ޕ‬౮ᧄ % ߩ࠹ࠢ
ࠬ࠻ߦߪࡂࠥࡀ߆ࠄ‫ߩ࡝࠻ࠕޡ‬᱌‫⧷ߥ߁ࠃߩ࡞࠽ࡦࠣߩޢ‬㓶♖␹ࠍ⺒ߺขࠆ⢐ቯ⊛ߥ⸃㉼
ߩ૛࿾߽ᱷߐࠇߡ޿ࠆ‫߇ߛޕ‬౮ᧄ & ߩ⹞ੱߪ‫ޔ‬ªXQWULXZH©ߣ޿߁⸒⪲ࠍዉ౉ߔࠆ੐ߦࠃߞ
ߡࡂࠥࡀߩੱ‛௝ࠍ৻᳇ߦ⼱ߦ⓭߈⪭ߣߒߡߺߖࠆ‫ޕ‬
&㧔ㅊട⹞▵㧕ࡂࠥࡀߪࠢ࡝ࠛࡓࡅ࡞࠻߇⥄ಽࠍ↢߆ߒߡ߅߆ߥ޿੐ࠍ⍮ߞ
ߡ޿ߚ‫ࠇߎޕ‬એ਄ߩਇታªXQWULXZH©߇޽ࠆߛࠈ߁߆‫ޕ‬ᓐߪࠢ࡝ࠛࡓࡅ࡞࠻߇⥄ಽࠍ
Ვߒ‫ߩߘޔ‬ᓟᓐᅚߩఱࠍ࿖ߦᏫߒߡ߿ࠆ੐ࠍᕟࠇߚߩߛ‫ޕ‬
ߎߩ⚿ᨐ‫ߪ⪲⸒ߩࡀࠥࡂޔ‬ਥำߩᱫࠍዉߊ߽ߩ‫ߣ߁ࠃ߼⾇ࠍ࠻࡞ࡅࡓࠛ࡝ࠢߪ޿ࠆ޽ޔ‬
⻎ࠆᖡᗧߩ⃻ࠇߣߒ߆⸃㉼ߢ߈ߥ޿߽ߩߣߥߞߚ‫ޕ‬
&6LVSUDFKMkKkWPLU+DJHQH DOV{YLOJHWkQ HUPRUWH6vYULGHQ GHQPvQHQOLHEHQPDQ GHU LQ €] GHQ DQGHUQ VFKLHGH GHP ZDHU PvQ JROW EHUHLW HQJXOWHV DQGHU LHPHQ GD] ZDHU PLU
LQQHFOvFKHQOHLW
&6LQHKHWGHUJU{]HQVODKWH DOV{QLKWJHGkKW VLKHWH]LQLUDKWH YLOJHUQHGDU]XREUkKW GD]QLZDQ+DJHQHDOHLQH GHQOvSGkKHWHOkQ G{JHVFKXRIGHUEHOWLXIHO GHL]EHUVLDOOHPXRVHHUJkQ
&(UZLVWHZROGLXPDHUH VLQHOLH]LQQLKWJHQHVHQ ZLHP|KWHHLQXQWULXZH LPPHUVWHUNHU
ZHVHQ" HUYRUKWHV{VLKrWH LPVvQHQOvSJHQRPHQ GD]VLGDQQHLUEUXRGHU OLH]HKHLP]HODQGH
NRPHQ
ԙࡉ࡞ࠧࡦ࠼൓
ࡉ࡞ࠧࡦ࠼൓ߩ⚿᧤ߣ
⚿᧤ߣ₺ఱᒉߩ
₺ఱᒉߩ⟋
ᦨᓟߦਥำࠣࡦ࠹࡞ࠍᱫߦㅊ޿߿ࠆਇታªXQWULXZH©ߥࡂࠥࡀߢ޽ࠆ߇‫ޔ‬ᓟ✬ో૕ࠍᝄࠅ
㄰ࠇ߫‫ޔ‬ᓐ߇ࡉ࡞ࠧࡦ࠼൓ߩᦨᒝߩ቞ࠅᚻߢ޽ࠆ੐ታߪ౮ᧄ & ߦ߅޿ߡ߽ోߊᓟㅌߒߡ޿
‫ޕ‬
ߥ޿‫ޕ‬ᓐߪ߻ߒࠈ౮ᧄ % ߦჇߒߡỗߒߊ๧ᣇࠍ㥏⥰ߒ‫ߩߘޔ‬㑵ᔒߪߔߐ߹ߓ޿㧔&㧕
߹ߚࡂࠥࡀߣ₺ఱᒉߣߩ⚿วߪ‫ࠅࠃޔ‬ᒝ࿕ߥ߽ߩߣߥࠆ‫߫߃଀ޕ‬౮ᧄ % ߩࡂࠥࡀߪࠣࡦ࠹
࡞߇ᧂߛᔃࠍ᳿߼ࠄࠇߧ߁ߜߦ⸘↹ࠍផߒㅴ߼ߡࠪ࡯ࡈ࡝࠻Ვኂࠍⴕ߁߇‫ޔ‬౮ᧄ & ߢߪߘ
ߩࠃ߁ߥࡂࠥࡀߩ⓭಴߇✭๺ߐࠇࠆ‫&ޕ‬㧔ㅊട⹞▵㧕ߢࠣࡦ࠹࡞ߩਥ૕⊛ߥᲕኂ㑐ਈ߇
␜ߐࠇ‫&ޔ‬㧔ㅊട⹞▵㧕ߢߪ % ߢߪᲕኂߦోߊ㑐ਈߒߡ޿ߥ߆ߞߚࠡ࡯࠯࡞ࡋ࡞ߣࠥ࡯
࡞ࡁ࡯࠻ߦ߽ࠪ࡯ࡈ࡝࠻߳ߩ⼊๔ࠍᕃߞߚߣ޿߁⟋߇ਈ߃ࠄࠇߡ޿ࠆ‫ޕ‬
ߚߛࡂࠥࡀߪߎ߁ߒߚ₺ఱᒉߣߩ⺞๺ߩౝߦ⇐߹ࠆੱ‛ߢߪߥ޿‫ޕ‬౮ᧄ & ߢߪ‫ޔ‬ਇታ
ªXQJHWULXZH©ߥࡂࠥࡀ߇₺ఱᒉߩਇ࿷ਛߦ࠾࡯ࡌ࡞ࡦࠥࡦߩቲࠍ࡜ࠗࡦߦᛩߍ౉ࠇߚ੐ߦ
ߟ޿ߡ߽‫߇࠻ࡦࡔࠦ߁ߎޔ‬ㅊടߐࠇࠆ‫ޕ‬
&㧔ㅊട⹞▵㧕ᓐ㧔ࡂࠥࡀ㧕ߪߘߩቲࠍᚒ߇‛ߦ಴᧪ߥ߆ߞߚ‫ޔ‬ᖡੱ XQJHWULZH
ߩᏱߩࠃ߁ߦ‫ޕ‬ᓐߪ⥄ಽߩ↢߈ߡ޿ࠆ㑆ߪቲࠍ৻ੱߢ೑↪ߔࠆߟ߽ࠅߛߞߚ߇‫ޔ‬ᓟ
ߦߘࠇߪᓐ⥄り߽‫߽⺕ߩઁߚ߹ޔ‬ᚻߦ౉ࠇࠄࠇߥߊߥߞߚ‫ޕ‬
ߎߩᓟ‫ޔ‬ችᑨߩ⠪ߪ⊝ࡂࠥࡀࠍ㕖㔍ߒ‫ޔ‬Ꮻ㙚ߒߚ₺ఱᒉ߽ᔶߞߡᓐߦኻߔࠆᕲ㘈ࠍ৻ᤨ
஗ᱛߔࠆ㧔%‫ޕ‬ኻᔕߔࠆ & ߽หߓ㧕
‫ޕ‬౮ᧄ & ߢߪߎߩ৻▵೨ߢ‫₺ޔ‬ఱᒉߩᔶࠅߪࠢ
࡝ࠛࡓࡅ࡞࠻ߩ⋡ࠍ᱂ߊன‛ߢࠆ੐߇␜ߐࠇࠆ‫ޕ‬
& ാ჻㆐㧔₺ఱᒉ㧕ߪࡂࠥࡀࠍ㕖㔍ߒߡ޿ࠆ߆ߩࠃ߁ߦᝄࠆ⥰ߞߚ㨫
౮ᧄ % ߢߪࠪ࡯ࡈ࡝࠻ࠍᲕኂߔࠆ੐߽‫ޔ‬ቲߩ⇛ᅓߣᛩ߽᫈₺ఱᒉߩ੍ᦼߒߥ޿ࡂࠥࡀߩ
ⵣಾࠅߢ޽ߞߚߩߦኻߒߡ‫ޔ‬౮ᧄ & ߢߪቲߩ⇛ᅓ߆ࠄᛩ᫈߹ߢ‫ߩߡోޔ‬ᚑࠅⴕ߈ߪ₺ఱᒉ
&㧔 ⹞ⴕ߇ % ߣ⇣ߥࠆ㧕'{VSUDFKDEHUHLQHU LFKNLXVHQXGHQWDF VvWGD]H]XQVEH]]HU ZHVHQQLQHPDF V{EHUHLWHWLULXFKUHFNHQ ]HVWUvWHGHLVWXQVQ{W ZLUNRPHQGRFKQLPPHUKLQQHQ
GD]ZLUPLWrUHQOLJHQW{W ߘߩᤨ৻ੱ߇⸒ߞߚ㨬ᄛ߇᣿ߌߡ߈ߚࠃ߁ߛ‫⁁߇ߛޕ‬ᴫ߇ᚒ‫ߞߣߦޘ‬
ߡ⦟ߊߥࠆ੐ߪ޽ࠅᓧߥ޿‫ޔ‬ാ჻㆐ࠃ‫ޔ‬ᚢ޿ߩḰ஻ࠍߔࠆ߇ࠃ޿‫ޔ‬㧔ࠊࠇࠊࠇߪੑᐲߣߎߎ߆
ࠄ಴ࠄࠇߥ޿ߣߥߞߚࠄ㧕‫ࠇ⹷ߡ߼ߖޔ‬㜞ߊᱫߩ߁‫ޕ‬㨭
&(UQHPRKWHGHVKRUGHV VvWJHZLQQHQQLKW GD]GHQXQJHWULXZHQ YLOGLFNHQRFKJHVFKLKW HUZkQGHLQQLH]HQHLQH GLHZvOHUP|KWHOHEHQ VvWPRKWHUVLPVHOEHQ QRFKDQGHUQLHPHQJHJHEHQ
ࠪ࡯ࡈ࡝࠻Ვኂߦ㑐ߔࠆᢥ⣂ߢߪࡂࠥࡀߩ XQWULXZH ߇౮ᧄ % ߆ࠄߔߢߦᐲ‫ޘ‬ㅀߴࠄࠇߡ޿ࠆ߇
%㨯%㨯%㨯% ߥߤ‫ߦ₺ߩ࠼ࡦࠧ࡞ࡉޔ‬ኻߔࠆ XQWULXZH ߇⸒ࠊࠇࠆߪ౮ᧄ & ߩ
ߎߩੑߟߩㅊട⹞▵&&ߩߺߢ޽ࠆ‫ޕ‬
&G{JHEkUWHQGLHGHJHQH VDPVLLPKHWHQZLGHUVHLW ౮ᧄ% ߩኻᔕߔࠆ▎ᚲߪ‫ޔ‬%JHUQH
ZDHU¶LU*vVHOKHU DOOHUWULXZHQEHUHLWࠡ࡯࠯࡞ࡋ࡞ߪࠢ࡝ࠛࡓࡅ࡞࠻ߦ⌀ᔃࠍᝤߍࠃ߁ߣߒߡ޿ߚߩ
ߦ‫ޕ‬
߇ᦸࠎߛ߽ߩߢ޽ࠆ‫ޕ‬ᓐࠄߪனߞߡࠢ࡝ࠛࡓࡅ࡞࠻ߩ଻⼔⠪ࠍṶߓ‫⽿ߦੱ৻ࡀࠥࡂޔ‬છ߇
޽ࠆ߇ᅤߊᛕ್ߒߡ޿ࠆߩߛ‫ޕ‬ᓐࠄࡉ࡞ࠧࡦ࠼ߩ৻ᣖ㇢ౄߩ⚿߮ߟ߈ߪᒝജߢ‫₺ߚ߹ޔ‬ఱ
ᒉߩࠪ࡯ࡈ࡝࠻ߣࠢ࡝ࠛࡓࡅ࡞࠻ߦኻߔࠆ⟋ߪ᣿ࠄ߆ߢ޽ࠆߚ߼‫ޔ‬ᓐࠄ߇Ვኂߐࠇࠆߩߪ
ᒰὼߢ޽ࠆ‫ޕ‬
Ԛࡂࠥࡀ௝
ࡂࠥࡀ௝ߩឬ౮ߦ
ឬ౮ߦ⷗ࠄࠇࠆ㨬
ࠄࠇࠆ㨬⧷㓶㨭
⧷㓶㨭ᛕ್
ᛕ್
㤛㊄᰼ߪ౮ᧄ % ߦ߅޿ߡ߽৻⽾ߒߡࡂࠥࡀߩ․ᕈߣߐࠇߡ޿ߚ‫ࡓ࡞ࠜࡧࠍ࠻࡝ࡈ࡯ࠪޕ‬
ࠬߩ㙺ኃߦ᜗ᓙߒߚᤨ‫ޕ߁⸒߁ߎߪࡀࠥࡂޔ‬
‫ޟ‬ᓐߦߪᣉߔߎߣߥߤኈᤃߢߔ‫߈↢ߦߥࠎߤޕ‬
ߡ߽૶޿ዧߊߖߥ޿࠾࡯ࡌ࡞ࡦࠥࡦߩቲࠍᓐߪ࿖ߦᜬߞߡ޿ࠆߩߢߔ‫ࡦࠧ࡞ࡉߩߎ޽޽ޕ‬
࠼ߢᚒ‫ࠍࠇ޽߇ޘ‬ᚲ᦭ߢ߈ߚࠄࠃ޿ߩߦ㧍‫࠻࡞ࡅࡓࠛ࡝ࠢߦ࡞࠹ࡦࠣޔ߇ࡀࠥࡂߚ߹ޠ‬
ߣߩ๺⸃ࠍ൘߼ߚߩ߽ቲࠁ߃ߢ޽ߞߚ‫ߪ⾰․‛ੱߩߎ ޕ‬౮ᧄ & ߦ߅޿ߡߪߐࠄߦᒝ⺞ߒ
ߡឬ߆ࠇ‫ޔ‬ఱᆂߩ๺⸃ߩ႐㕙ߦ߅޿ߡᓐߩ㤛㊄߳ߩ᰼ᦸߪ߽߁৻ᐲ᣿⏕ߥ⴫⃻ߢ➅ࠅ㄰ߒ
ߡ⸒ࠊࠇࠆ‫ޕ‬
߹ߚࡂࠥࡀߪੑߟߩ౮ᧄߩ࠹ࠢࠬ࠻ߦ౒ㅢߒߡ‫࠼ࡦࠧ࡞ࡉޔ‬ᣖࠍਥዉߒ቞ࠅᚻߣߒߡᵴ
べߔࠆᚢ჻ߢ޽ߞߚ‫ߩߘߛߚޕ‬ᓐߩⴕേේℂߪ⤪∛ߩ⺚ࠅࠍฃߌࠆ੐ࠍᕟࠇ‫ࠅࠃޔ‬ᄢ߈ߥ
⹷ࠇ㧔߿ቲ㧕ࠍ₪ᓧߒࠃ߁ߣߔࠆ੐‫ޔ‬හߜ‫⧷ޔ‬㓶ߢ޽ࠈ߁ߣߔࠆ੐ߦ޽ߞߚ‫ޕ‬౮ᧄ % ߣ
& ߩ࠹ࠢࠬ࠻ߪ‫⧷ߩߎޔ‬㓶ᕈߦኻߔࠆ⹏ଔߩ޽ࠅᣇߦ߅޿ߡ㓒ߚࠅࠍ⷗ߖߡ޿ࠆ‫ࡀࠥࡂޕ‬
ߩ⸒േߦ㑐ߔࠆ⹏ଔࠍቯ߼ߥ޿౮ᧄ % ߦኻߒߡ‫ޔ‬౮ᧄ & ߩቲߩⷐ᳞႐㕙ߢߪࡂࠥࡀߦኻߒ
ߡਥำࠍⵣಾࠆਇታߥªXQWULXZH©⠪‫߁޿ߣޔ‬෩ߒ޿ᛕ್ߩ⋡߇ะߌࠄࠇߡ޿ࠆ‫ߪࡀࠥࡂޕ‬
ߘߩാ⁴ߐ߿㍈ᢅߥ್ᢿജࠍ⊒ើߒߡࡉ࡞ࠧࡦ࠼൓ߩవ㗡ߦ┙ߞߡᚢ޿ᛮ޿ߡ߈ߚ⧷㓶ߢ
޽ߞߚ߇‫⌀ޔ‬ታߩߣߎࠈߪਥำߦኻߒߡᔘ⺈ߩᔃªWULXZH©ࠍᜬߞߡ޿ߥ߆ߞߚ‫᥸ߣޔ‬㔺ߐ
ࠇߚߩߢ޽ࠆ‫ޕ‬౮ᧄ & ߩ⹞ੱߪ‫ޔ‬ᚢ႐ߦ߅ߌࠆ⧷㓶㧔ࡂࠥࡀ㧕ߩⴕ޿ࠍ⾨⾥ߖߕ‫ޔ‬ㅒߦ౒
ห૕ߦኻߒߡߘߩ᭴ᚑຬ߇ᒰὼᜬߞߡ޿ࠆߴ߈⺈ªWULXZH©ࠍᜬߞߡ޿ߥ޿⠪ߣߒߡ‫ޔ‬ᩮᧄ
% &(UPDFVSUDFKG{+DJHQH YRQLPVDPSIWHJHEHQ HU¶QNXQGH]QLKWYHUVZHQGHQ XQGVROWHULPPHUOHEHQ KRUWGHU1LEHOXQJH EHVOR]]HQKkWVvQODQW KH\VROGHQZLUGHQWHLOHQ QRFK
LQ%XUHJRQGHQODQW&(UPDFZROJHEHQULQJHVSUDFK+DJHQHGHUGHJHQ
%'{VSUDFKGHUKHOWYRQ7URQHJH P|KWLUGD]WUDJHQDQ GD]LULXZHUVZHVWHU ]HYULXQGH
P|KWHWKkQ V{NRHPH]HGLVHQODQGHQ GD]1LEHOXQJHVJROW GHVP|KWLUYLOJHZLQQHQ ZUG¶XQV
GLXNQHJLQQHKROW &+DJHQHVSUDFKH]HPNQLJHP|FKWHQ࠻ࡠࡀࠥߩാ჻߇⸒ߞߚ‫ߒ߽ޟ‬
ᆂำߣⷫᗲߩᖱࠍ⚿߷߁ߣߐࠇࠆߥࠄ‫ߩߎޔ‬࿖ߦ࠾࡯ࡌ࡞ࡦࠥࡦߩ㤛㊄߇߿ߞߡ᧪߹ߔ‫ޕ‬ᚒ‫ߪޘ‬
⩨ᄢߥንࠍߘߎ߆ࠄᓧࠄࠇ߹ߔ‫₺ߒ߽ޕ‬ᅥ᭽߇ᅢᗧࠍᛴ޿ߡਅߐࠆߥࠄ‫ޠޕ‬
&ᡷᄌࠣࡦ࠹࡞ߪᓐᅚߦ␞௾ᱜߒߊᱠߺነߞߚ‫ޕ‬ቲߩߚ߼ߦߎ߁ߔࠆ੐ߪ᳿߼ࠄࠇߚ‫ޕ‬ቲ
ߩߚ߼ߦਇታߥ↵ߪ㧔ࡂࠥࡀ㧕ߪ๺⸃ࠍឭ᩺ߒߚߩߛ‫*ޕ‬XQWKHUJH]RJHQOLFKH JLHJHJHQLUGDUQDKHU
ED] GXUFKGHVKRUGHVOLHEH ZDVGHUUDWJHWDQ GDUXPEHULHWGLHVXRQH GHUYLOXQJHWULZHPDQ ኻᔕ
ߔࠆ % ߢߪ‫ޔ‬㨬ࡂࠥࡀߪᓐᅚߦࠠࠬࠍߔࠆߩ߇ࠃࠅ߰ߐࠊߒ߆ߞߚߩߦ‫ߒ߽ޕ‬ᓐᅚ߇ࡂࠥࡀߩ
ໂߒߦࠃߞߡᖤߒߺࠍ๧ࠊߞߡ޿ߥߌࠇ߫‫ߪࡀࠥࡂޔ‬ၴ‫ߩ⋡ߩ࠻࡞ࡅࡓࠛ࡝ࠢߣޘ‬೨ߦ┙ߡߚߩ
ߦ‫ޕ‬㨭
+DXJ:DOWHU+|ILVFKH,GHQWLWlWXQGKHURLVFKH7UDGLWLRQLP1LEHOXQJHQOLHG,Q6WUXNWXUHQDOV6FKOVVHO
]XU:HOWNOHLQH6FKULIWHQ]XU(U]lKOOLWHUDWXUGHV0LWWHODOWHUV7ELQJHQ6+LHU6II ⊛ߦߘߩଔ୯ࠍุቯߒߡ޿ࠆߣ⷗ߡࠃ޿ߛࠈ߁‫ޕ‬
౮ᧄ & ߩ⧷㓶ᕈߦኻߔࠆᛕ್ߪ‫ߩࡀࠥࡂޔ‬ឬ౮એᄖߩ႐㕙ߦ߽⊓႐ߔࠆ‫ޕ‬ᚢ޿ࠍㆱߌࠆ
੐ߦోജࠍዧߊߔ࠺ࠖ࡯࠻࡝ࡅ߿ᚢ޿ࠍགྷߊ࡝ࡘࠛ࠺ࠥ࡯࡞ߦะߌࠄࠇߚ⾨⾥‫ߩߘޔ‬෻ኻ
ߦ‫ޔ‬ⁿ⓭⁴ㅴߩࡧࠜ࡞ࡈࡂ࡞࠻߿ᚢ޿ߦㅺࠆࠗ࡯࡝ࡦࠢߦኻߔࠆૐ޿⹏ଔߥߤ߇޽ࠆ‫ޕ‬
ㇱᣖ㑵੎ߣ⧷㓶ߩᱫࠍឬߊ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩဳࠍ૗ᐲ߽↪޿ࠆ‫ࡦ࡞ࡌ࡯࠾ޡ‬
ࠥࡦߩ᱌‫ੱ⹞ޔ߇ߛޢ‬㆐ߪ⧷㓶ߩⴕേේℂ߆ࠄߪ〒㔌ࠍ⟎߈‫ⷐ߇ဳޔ‬᳞ߒߡ޿ࠆฎ޿࠹࡯
ࡑࠍ〯ⷅߖߕ‫ࠍࠇߎޔ‬឵㛽ᅓ⢝ߒߚ‫ߦ․ޕ‬౮ᧄ & ߩ⹞ੱߪ‫⧷ޔ‬㓶ࡂࠥࡀߦ㤛㊄᰼ߣਥำߦ
ኻߔࠆਇታªXQWULXZH©ࠍឬ߈ㄟ߻੐ߢ‫ࠅࠃޔ‬Ⓧᭂ⊛ߦ⧷㓶ᕈࠍุቯߒߚ‫ߦࡀࠥࡂߡߒߘޕ‬
ኻ᳿ߐߖࠆࠃ߁ߦߒߡ‫ޔ‬ᣂߒߊªWULXZH©ߣ޿߁ଔ୯ߩዉ౉ࠍ⹜ߺߚߩߢ޽ࠆ‫ޕ‬
WULXZH ࠍゲߣߔࠆ౮ᧄ
ߣߔࠆ౮ᧄ & ߩᡷᄌ
ᡷᄌ
WULXZH ߣ޿߁⺆ߩᜰߔౝኈߪ᏷ᐢߊ‫ߩߟ৻ޔ‬૞ຠߦ߅޿ߡ߽ᢥ⣂ߦࠃߞߡ⇣ߥࠆౝኈࠍ
ᜰߔ‫ߪ⺆ߩߎޕ‬ర‫ޘ‬᮸ᧁ߿ᧁ᧚ࠍ⴫ߒ‫ޔ‬ේ⟵ߪ㨬ᧁߩࠃ߁ߦၷ࿕ߥ㨭ߢ޽ࠆ‫ޕ‬ೋ߼ߪ‫ޟ‬ᄾ⚂㨭
߿㨬ᄾ⚂ߔࠆߎߣ‫ࠍޠ‬ᗧ๧ߒ‫ޔ‬ᓟߦ⺆⟵ߪ᜛ᄢߒߡ‫౒ޔ‬ห૕ߦ߅ߌࠆઁ⠪ߣߩ᭽‫߮⚿ߥޘ‬
ߟ߈ࠍᡰ߃ࠆ᭎ᔨߣߥߞߚ‫ޕ‬ේ⟵ߦᦨ߽ㄭ޿߽ߩߦ‫ޔ‬ำ⤿ߩ㑆ߩᕲߣᔘ߇޽ࠆ‫ⷫߡߒߘޕ‬
ߩᗲߣሶߩቁᔃ‫⚿ޔ‬ᇕߩᗲ‫ޔ‬ᕜੱߩᗲ‫ੱޕ‬㑆࡮↵࡮ᅚᕈߣߒߡߩ޽ࠆߴ߈ᆫߥߤ⛘ኻ⊛ߥ
ଔ୯᭎ᔨߣߒߡ߽૶↪ߐࠇࠆ‫ޕ‬㛉჻ߦߣߞߡ‫ޔ‬WULXZH ߪ⻞⯯ GLHPHWH‫▵ޔ‬ᐲ Pk]H‫ ࠇ⹷ޔ‬rUH‫ޔ‬
ᷡ⚐ NLXVFKH‫] ߺߥߒߚޔ‬XKW ߥߤߣ޿ߞߚᜬߟߴ߈⟤ᓼోߡߩḮߢ޽ࠅ‫߇ࠇߘޔ‬ᄬࠊࠇࠇ
߫ઁߩోߡߩ⟤ᓼ߽ሽ࿷ߒ߃ߥ޿ߣ޿߁߶ߤ൮᜝⊛ߥ᭎ᔨߢ޽ߞߚ‫ߚ߹ޕ‬ฎ㜞࠼ࠗ࠷⺆
ᤨઍ߆ࠄߔߢߦੱ㑆ߩਥᓥߩᄾ⚂ࠍ␹ߣੱ㑆ߩߘࠇߦォൻߒߡ‫ޔ‬㨬ାઔ㨭㨬ᕲ኶㨭ߩᗧ๧ߢ↪
޿ࠄࠇߡ޿ߚߣ޿߁‫ޕ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߪߦޢ‬ªWULXZH©ߩ᭽‫ߥޘ‬ᆫ߇⷗ࠄࠇࠆ‫ࡈ࡯ࠪߩ࠻࡞ࡅࡓࠛ࡝ࠢޕ‬
࡝࠻߳ߩᗲ‫߇ࡀࠥࡂޔ‬⎕ࠆኅ⤿ߩਥำ߳ߩᔘ⟵‫ߩ࠼ࡦࠧ࡞ࡉޔ‬ห⢩ߩ⺈‫࠺ࠛࡘ࡝ߡߒߘޕ‬
ࠥ࡯࡞ߦ߅޿ߡߪ‫⥄߇ੱޔ‬Ꮖߩౝߦᜬߞߡ޿ࠆߴ߈⛘ኻ⊛ߥ୶ℂⷰ޽ࠆ޿ߪ␹߳ߩାઔߣ
޿߁ªWULXZH©߇ឬ߆ࠇࠆ‫ޕ‬ㄝႺષ࡝ࡘࠛ࠺ࠥ࡯࡞ߪ‫ߦ࠻࡞ࡅࡓࠛ࡝ࠢޔ‬ኻߒߡߪࠛ࠶࠷ࠚ
(KULVPDQQ 2WIULG(KUHXQG0XWÆYHQWLXUHXQG0LQQH+|ILVFKH:RUWJHVFKLFKWHQDXVGHP0LWWHODOWHU
0QFKHQ 6 3DXO +HUPDQQ 'HXWVFKHV :|UWHUEXFK EHUDUEHLWHWH XQG HUZHLWHUWH
$XIODJH ⃻࿷ߩ⧷⺆㧦WUHH‫⃻ޔ‬࿷ߩࡈ࡜ࡦࠬ⺆㧦WUqYH ߣߟߥ߇ࠆ‫)*ޕ‬%HQHFNH :0XHOOHU
)=DUQFNH0LWWHOKRFKGHXWVFKHV:|UWHUEXFK0/H[HU0LWWHOKRFKGHXWVFKHV+DQGZ|UWHUEXFK'DV'HXWVFKH
:|UWHUEXFKYRQ-DFREXQG:LOKHOP*ULPP
࡛ࠕࡅࡓ࡮ࡉࡓࠤ⪺‫ޔ‬ᐔየᶈਃࠄ⸶‫ޡ‬ਛ਎ߩ㛉჻ᢥൻ‫ޢ‬
㧔⊕᳓␠‫ޔ‬㧕
‫ޔ‬㨪 㗁‫ޕ‬
*HQWU\)UDQFLV*7ULXZHDQG9ULXQWLQWKH1LEHOXQJHQOLHG$PVWHUGDP+LHU6
એ਄ 3DXO+HUPDQQ'HXWVFKHV:|UWHUEXFKEHUDUEHLWHWHXQGHUZHLWHUWH$XIODJH*)%HQHFNHXD
HEG0/H[HUHEG'DV'HXWVFKH:|UWHUEXFKYRQ-DFREXQG:LOKHOP*ULPP ࠍෳᾖ‫ޕ‬
࡞ߩ᳞ᇕߩ૶⠪ߣߒߡ᜙⻏ߒߚ㓙‫ޔ‬ᓐᅚߦኂࠍὑߔ⠪㆐ߦߪ⥄ಽ߇ႎᓳߔࠆ੐ࠍ⹿ߞߡ޿
ߚ‫࠼ࡦࠧ࡞ࡉߚ߹ޕ‬൓ߦኻߒߡߪ⥄ၔߢ᱑ᓙߒ‫₺ޔ‬ᒉࠡ࡯࠯࡞ࡋ࡞ߣᆷࠍᇕ⚂ߐߖ‫ߚ߹ޔ‬
ᓐࠄࠍࡈࡦߩችᑨ߹ߢ㆏᩺ౝߒߡ෹ᅢ㑐ଥࠍ⚿ࠎߢ޿ߚ‫ޕ‬ᓐߪᤄߩᄾ⚂ࠍ቞ࠅࡉ࡞ࠧࡦ࠼
൓ߣᚢ߁ߎߣࠍㄼࠆࠢ࡝ࠛࡓࡅ࡞࠻ߦߎ߁⸷߃ࠆ‫ޕ‬
% 㧔߶߷ &㧕㨬⹿ߞߚ੐ߪ⏕߆ߢߔ‫ޔ‬㜞⾆ߥ₺ᅥࠃ ⑳ߪ޽ߥߚߩߚ
߼ߦฬ⹷߽ߎߩり߽ᛩߍᛂߟߣ⸒޿߹ߒߚ‫ߒ߆ߒޕ‬㝬߽ᛩߍ಴ߔߣߪ⹿޿߹ߖࠎ
ߢߒߚ‫ߩߎߪ⑳ ޕ‬㙺ኃ߳↢߹ࠇߩ⦟޿޽ߥߚߩߏఱᒉࠍ᩺ౝߒߚߩߢߔ‫ޕ‬㨭
⹿޿㧔ߦࠃߞߡ↢ߓߚା㗬ªWULXZH©ߩ㑐ଥ㧕ࠍ⎕᫈ߔࠆ੐ߪ಴᧪ߥ޿੐ߦߟ޿ߡ‫ࡘ࡝ޔ‬
ࠛ࠺ࠥ࡯࡞ߪ౮ᧄ & ߢߪߐࠄߦ⸒⪲ࠍዧߊߒߡㅀߴ┙ߡ‫ᦨޔ‬ᓟߪ␹ߦりࠍᆔߨࠆ‫ޕ‬ᓐߦߣ
ߞߡªWULXZH©ࠍ⎕ࠆߎߣߪ㝬ࠍᝥߡࠆ੐ߢ޽ࠅ‫ޔ‬ªWULXZH©ࠍ቞ࠆߚ߼ߦߪ࿖߽⽷↥߽ᝥߡࠃ
߁ߣ⸒߁‫ߩࡀࠥࡂߪࠇߎޕ‬㤛㊄᰼ߣਥำߦኻߔࠆਇታªXQWULXZH©ߣ㕖Ᏹߦࡧࠖࡧࠖ࠶࠼ߥ
ኻᾖࠍᚑߒߡ޿ࠆ‫ޕ‬
&㧔ㅊട⹞▵㧕 ⽷ࠍᝥߡ㧔kQH JXRW㧕⑳ߪߎߩ࿖ࠍ෰ࠅ߹ߔ‫ޕ‬ᆄ߽ᆷ߽ㅪࠇߡ
޿߈߹ߔ‫ࠍ⺈ޕ‬ᄬߞߡ㧔kQHWULXZH㧕ᱫߧߊࠄ޿ߥࠄ‫ߩߚߥ޽ޕ‬㤛㊄ߥߤ㗂߈ߚߊߪߥ
޿ߩߢߔ‫ޕ‬
ᴺ߿࿖ኅߩ೙ᐲ߇⏕┙ߐࠇߡ޿ߥ߆ߞߚਛ਎‫⚿ߪޘੱޔ‬ᇕ߿ਥᓥ㑐ଥࠍᐞ㊀ߦ߽⚿߱੐
ߦࠃߞߡ⥄ಽߩりಽ߿⽷↥ࠍ቞ࠈ߁ߣߒߚ‫ⶄ߇ߛޕ‬ᢙߩ㓸࿅ߣᄾ⚂ࠍ⚿ࠎߛ⚿ᨐ‫ޔ‬೑ኂ߇
ⴣ⓭ߔࠆੑ㓸࿅ߩ᧼᜽ߺߣߥࠆ੐ᘒ߽↢ߓߚ‫ޕ‬ᄾ⚂ߩªWULXZH©ߣߪሽ࿷ߦ ߌߚା↪ߣ⽿
છߢ޽ߞߚߩߛ߆ࠄ‫ߥ߁ࠃߩߘޔ‬႐ว‫ߪߦޘੱޔ‬㕖Ᏹߦ࿎㔍ߥ᳿ᢿ߇ᒝ޿ࠄࠇߡ޿ߚߣᕁ
ࠊࠇࠆ‫⃻߇ߛ ޕ‬ታߦߪ‫ޔ‬ᄾ⚂㑐ଥ߇৻ᣇ⊛ߦ⎕᫈ߐࠇࠆ੐ߪ⃟ߒߊߥ߆ߞߚߣ޿߁‫ޕ‬
⃻ታ਎⇇ߩᅷදߣᣇଢߦḩߜߚªWULXZH©ߩᛒ޿ߦኻߒ‫ޔ‬
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ࠛࡘ࡝ߩޢ‬
࠺ࠥ࡯࡞ߪℂᗐࠍㅊ᳞ߒߚ‫ޕ‬ᓐߩᱫߪోߡߩᓼߩῳߩᱫ‫ߣޔ‬གྷ߆ࠇࠆ‫ޕ‬
&% 'D]LVWkQHORXJHQ LFKVZXRULXHGHOZvS LFKZROGHGXUFKLXFKZkJHQ GLH
rUHXQGRXFKGHQOvS GD]LFKGLHVrOHYOLHVH GHVHQKkQLFKQLKWJHVZRUQ MkEUkKWLFKKHU]HODQGH GLHLXZHUQEUHGHUZROJHERUQ
&$OOHVJXRWHVkQH V{U€PLFKGLXODQW PvQZvSXQGPvQHWRKWHU QLPLFKDQPvQHKDQW rGD]LFKkQHWULXZH EHOvEHQPHVHW{W LFKKHWJHQRPHQEHOH LXZHUJROWDOV{U{W
0OOHU-DQ'LUN'DV1LEHOXQJHQOLHG.ODVVLNHU/HNWUHQ%G%HUOLQ6II
ਥᓥ㑐ଥ߆ࠄ⣕ߔࠆߎߣߢᓥァߩ⟵ോ߆ࠄㅏࠇࠆ㧔GLIILGDWLR㧕6FKXO]HHEG6
%&YDWHUDOOHUWXJHQGH
⚿⺆
⚿⺆
‫ߩࡦࠥࡦ࡞ࡌ࡯࠾ޡ‬᱌‫ߪޢ‬ฎ޿વᛚ߆ࠄᄙߊߩ⚛᧚ࠍฃߌ⛮޿ߢ޿ࠆ߇‫⚿ߩߘޔ‬ว߿㊀
㊂㈩ಽߩ޽ࠅᣇߪ⁛⥄ߩ߽ߩߢ޽ࠅ‫ߪߢߎߘߚ߹ޔ‬વ⛔⊛ߥ‛⺆ߩቯဳ߇ⶄ㔀ߦ⚵ߺวࠊ
ߖߡ↪޿ࠄࠇߡ޿ࠆ‫ⶄޔߛߚޕ‬ᢙߩવᛚߩ⚿ว૕ߢ޽ࠆ੐߆ࠄ‫‛ੱ߿╭ޔ‬ㅧᒻߦߪベㇳߩ
ᦌᤒߥὐ߇޿ߊߟ߽޽ࠅ‫ੱ⹞ޔ‬㆐ߪᡷᄌࠍ㊀ߨߡ޿ߊ‫ޕ‬
ቲߩⷐ᳞ª+RUWIRUGHUXQJ©ߪ‫⺒ޔ‬⠪ߩ✕ᒛࠍ㜞߼ᖱേࠍំࠅേ߆ߔ഍⊛ߥࡕ࠴࡯ࡈߢ޽ࠅ‫ޔ‬
૞ຠߩᦨᓟߦ⟎߆ࠇࠆߦ⋧ᔕߒ޿߽ߩߢ޽ࠆ‫ޕ‬౮ᧄ % ߩ⹞ੱ߇ߎߩࡕ࠴࡯ࡈࠍવ⛔⊛ߥ‛
⺆ߩቯဳ㧔⎕Ṍߔࠆ⇣ᣖ㑆ߩ⚿ᇕ‛⺆㧕߇ⷐ᳞ߔࠆ߹߹ߦ⟎޿ߚߩߦኻߒ‫ޔ‬౮ᧄ & ߩ⹞ੱ
ߪቯဳߦᴪߞߡ‛⺆ࠍㅴ߼ߥ߇ࠄ߽ߎࠇࠍᚻᲑߣߒߡ೑↪ߒ‫ޔ‬ቯဳ߇ᜬߟ㑵੎ߩਥ㗴߆ࠄ
ߪ⣕ළߔࠆ‫⸒ߩ࠻࡞ࡅࡓࠛ࡝ࠢߡߒߘޕ‬േߩၮゲߦߪࠪ࡯ࡈ࡝࠻߳ߩᗲªWULXZH©ࠍ⟎߈‫ޔ‬
ߘࠇߦኻߒߡࡂࠥࡀߦߪ㤛㊄᰼ߣਥำࠍⵣಾࠆਇታªXQWULXZH©ߣ޿߁⹏ଔࠍਅߒ‫ޔ‬ค੐⹞
ࠍªWULXZH©ߣ޿߁ଔ୯ⷰߩ๟ࠅࠍ࿁ࠆ૞ຠߣߔࠆ‫ޔߚ߹ޕ‬ቲߩⷐ᳞ߩ⢛ᓟߦ޽ࠆ㤛㊄᰼߇
ࠢ࡝ࠛࡓࡅ࡞࠻ߣࡂࠥࡀ෺ᣇߩ㑆ࠍ᭽‫ߥޘ‬ᗧ๧߿૞↪ࠍᜬߞߡṫߞߡ޿ߚ౮ᧄ % ߦኻߒ‫ޔ‬
౮ᧄ & ߢߪ㤛㊄᰼ߪࡂࠥࡀ৻ੱߦ࿕ቯߐࠇࠆ‫ޕ‬
ࠢ࡝ࠛࡓࡅ࡞࠻ߩᄦ߳ߩᗲªWULXZH©߇➅ࠅ㄰ߒ⾨⾥ߐࠇࠆறࠄߢ‫ߩ࠼ࡦࠧ࡞ࡉޔ‬㓸࿅ߩ
ªWULXZH©ߦኻߒߡߪᛕ್߇ᒝ߼ࠄࠇߡ޿ߊ‫ߩߎޕ‬㓸࿅ߩªWULXZH©ߪ᥸ജ⊛ߥ઀⚵ߺߣ߽ߥࠅ
߁ࠆ߽ߩߢ‫ࠍࠇߎޔ‬቞ࠆߚ߼ߦࠪ࡯ࡈ࡝࠻ߪᲕኂߐࠇࠆ‫ⷐߩ࠻࡞ࡅࡓࠛ࡝ࠢߚ߹ޕ‬᳞ㅢࠅ
ߦࡂࠥࡀࠍᏅߒ಴ߔ੐ࠍࡉ࡞ࠧࡦ࠼൓߇ªWULXZH©ࠍ቞ࠆߚ߼ߦᜎࠎߛߚ߼‫ޔ‬Ვᚧߪ᜛ᄢߔ
ࠆ‫ߚ߹ޕ‬෻ኻߦ‫࠼ࡦࠧ࡞ࡉޔ‬൓ߪ㓸࿅ߩªWULXZH©ߩਛߦẜ߻ࡂࠥࡀߩਇታªXQWULXZH©ߦ᳇ߠ
߈ߎࠇࠍឃ㒰ߔࠆ੐߇಴᧪ߕ‫ޔ‬ᓐߩ⧷㓶⊛ߥᵴべߦଐሽߒߡ޿ߚߚ߼ߦ‫ޔ‬ᴚ⪭ߒߚߣ߽⸒
߃ࠆ‫ޕ‬౮ᧄ & ߩ࠹ࠢࠬ࠻ߪ‫ޔ‬㓸࿅ߩªWULXZH©ߩ⣀ߐߣෂ㒾ࠍ᣿ࠄ߆ߦߒߡ޿ࠆ‫ޕ‬ªWULXZH©ߣ
޿߁⟤ᓼߩ᭎ᔨߪᄙ⟵⊛ߢ‫ޔ‬ችᑨ␠ળߩߐ߹ߑ߹ߥ஥㕙߿࡟ࡌ࡞ߦᩮࠍਅࠈߒ‫ߥޘ⦡ޔ‬ዪ
㕙ߢੱ‫ޕߚߞ޽ߢߩ߽ࠆ❈ࠍޘ‬౮ᧄ & ߩឬߊ਎⇇ߦ߅޿ߡ‫౒ޔ‬ห૕ߪᤨߦªWULXZH©ߩߚ߼
ߦ‫ߪ޿ࠆ޽ޔ‬ኻ┙ߔࠆªWULXZH©ߩ㑐ଥߩ᧼᜽ߺߣߥߞߡ‫ޔ‬ᄢ߈ߥ⧰㔍ࠍ⚻㛎ߒߥߌࠇ߫ߥ
ࠄߥ߆ߞߚ‫ޕ‬
ቲߩⷐ᳞႐㕙ࠍ౮ᧄ %࡮& ࠍᲧセߒߡ⠨ኤߔࠆߎߣߦࠃߞߡ‫ޔ‬ᢥቇ૞ຠߩ޽ࠅᣇ߇ᄌኈ
ߒߡ޿ߊࡊࡠ࠮ࠬ߇⏕⹺ߐࠇߚ‫ੱ⹞ޕ‬㆐ߪવ⛔⊛ߥ⚛᧚߿‛⺆ߩቯဳࠍ〯ⷅߒ‫ࠍࠇߘޔ‬Ꮑ
ߺߦ↪޿ࠆ‫ߩߘޕ‬㓙ߦ໧㗴߇↢ߓߡ޿ࠆߣ߈ߦߪੱ‛௝߿╭ߦᡷᄌ߇㊀ߨࠄࠇ‫ߚ߹ޔ‬ቯဳ
ࠍ㔌ࠇߡ⁛⥄ߩਥ㗴߇ㅊⓥߐࠇߚߩߢ޽ࠆ‫ޕ‬
ÃWULXZHµLP1LEHOXQJHQOLHG
hEHUOHJXQJHQ]XGHQ8QWHUVFKLHGHQ]ZLVFKHQGHQ+DQGVFKULIWHQ%XQG&
EHL.ULHPKLOGV+RUWIRUGHUXQJVV]HQH
$\D0$768%$5$
,QGLHVHP$XIVDW]ZLUGHLQH,QWHUSUHWDWLRQEHUGLH:LHGHUVSUFKHEHLGHU+RUWIRUGHUXQJVV]HQH
LP 1LEHOXQJHQOLHG HQWVWDQG ]X %HJLQQ GHV -DKUKXQGHUWV YHUVXFKW ,Q GLHVHU 6]HQH VLQG GLH
+DQGOXQJVPRWLYLHUXQJ XQG )LJXUHQJHVWDOWHQ ZLHGHUVSUXFKVYROO ZHLO GD GHU YRQ .ULHPKLOG DQ
+DJHQHUJDQJHQH9RUVFKODJGHU%HJQDGLJXQJDOV(QWJHOWIUGLH*HJHQJDEHGHV+RUWHV]XLKUHPELV
GDKLQGLH+DQGOXQJOHLWHQGHQ:XQVFKQDFK5DFKHDQ+DJHQLP:LGHUVSUXFKVWDQG9LHOHIUKHUH
8QWHUVXFKXQJHQ]LHOWHQDXIGLH(U|UWHUXQJGHUSV\FKRORJLVFKHQ%HZHJJUQGHGHUEHLGHQ)LJXUHQ
.ULPKLOGXQG+DJHQXQWHUGHU9RUDXVVHW]XQJGDVVGLH+DQGOXQJHQXQG)LJXUHQJHVWDOWHQLP7H[W
NRKlUHQWVHLQVROOWHQ'DEHLEHQXW]WHPDQYRUQHKPOLFKGHQ7H[WGHU+DQGVFKULIW%GLHGDPDOVDOV
GLHGHP2ULJLQDODPQlFKVWHQVWHKHQGHJDOWXQGDXIGLHPDQK|FKVWHQ:HUWOHJWH'LHVHU6WDQGSXQNW
ZXUGHDEHUPLWGHU=HLW]XQHKPHQGNULWLVLHUW
)UGLHVHQ9HUVXFKVROOWHQQXQGLH%HUFNVLFKWLJXQJHQGHUhEHUOLHIHUXQJVJHVFKLFKWHGHV(SRV
QRFK PHKU XQHQWEHKUOLFK QlPOLFK GD‰ GDV (SRV HLJHQWOLFK DXV ]ZHL 6WRIIHQ %UQKLOG6DJH XQG
6DJHYRP8QWHUJDQJGHU%XUJRQGHQEHVWHKWXQGQRFKDP$QIDQJGHV-DKUKXQGHUWVDXIGHP
:HJ GHU 9HUZDQGOXQJ VWDQG XQG GD‰ HV VLFK QDFK GHP *HEUDXFK GHU OLWHUDULVFKHQ :HUNH GHV
+RFKPLWWHODOWHUVDQEHVWLPPWHU(U]lKOVVFKHPDWDRULHQWLHUWH0HLQH,QWHUSUHWDWLRQJHKW]XHUVWLQGHU
$XVHLQDQGHUVHW]XQJPLWGHU(U]lKOVFKHPDWDYRQGHUÃ%UDXWZHUEXQJ¶,P$QVFKOX‰GDUDQEHUOHJH
LFK GLH 8QWHUVFKLHG ]ZLVFKHQ GHQ +DQGVFKULIWHQ % XQG & EHVRQGHUV LQ GHU %HDFKWXQJ DXI GDV
.RQ]HSWGHUµWULXZH¶ )U GLHVH %UDXWZHUEXQJVVFKHPDWD JLEW HV KDXSWVlFKOLFK GUHL 7\SHQ 'LH HLQIDFKH
%UDXWZHUEXQJ ZLH Ä.|QLJ 5RWKHU³ GHUHQ 5HJHO Ä%HVWHU 0DQQ XQG VFK|QVWH )UDX³ ZDU 'LH
%UDXWZHUEXQJ PLW HLQHP :HUEXQJVKHOIHU ZLH LP 7ULVWDQURPDQ 1DFKJHVFKLFKWH GHU
%UDXWZHUEXQJQlPOLFKGLH*HVFKLFKWHGHUJHVFKHLWHUWHQ([RJDPLHZLHLPÄ$WOLOLHG³GLHYRQGHU
YHUUlWHULVFKHQ(LQODGXQJXQG6FKODFKW]ZLVFKHQGHQ]ZHL6LSSHQHU]lKOW/HJWPDQGLHVHGUHL7\SHQ
]XJUXQGH NDQQ PDQ GHQ 9HUODXI GHV JDQ]HQ (SRV IROJHQGHUPDVVHQ FKDUDNWHULVLHUHQ 7\S %UDXWZHUEXQJHQ GHV 6LYULWHV QDFK .ULHPKLOG 'DQQ 7\S %UDXWZHUEXQJ GHV *XQWKHUV QDFK
%UQKLOGPLWHLQHP:HUEXQJVKHOIHU6LYULW$EHUGLHVH+HLUDWGLHQXUPLWGHU+LOIHGHVVWlUNVWHQ
0DQQHV6LYULWHUIOOWZHUGHQNRQQWHEHUXKWHDXIHLQHP%UXFKGHU5HJHOIUGLH%UDXWZHUEXQJXQG
EHLQKDOWHWHHLQHJHIlKUOLFKH9HUELHJXQJ'LHVH9HUELHJXQJZXUGHPLW+LOIHGHU/RJLNGHV7\SV
DXIJHO|VW 'LH %XUJRQGHQ W|WHWHQ GHQ VWlUNVWHQ 0DQQ 6LYULW XP GLH (KUH LKUHV .|QLJ XQG LKUHU
.|QLJLQ]XEHZDKUHQ'DLKUHDXIGDV%UDXWZHUEXQJVVFKHPDUHFKWEDVLHUHQGH/LHEHVJHVFKLFKWHXQG
(KUHJUXQGORV]HUVW|UWZRUGHQZDUZQVFKWH.ULHPKLOGLKUH5DFKHDP0|UGHULKUHVHKHPDOLJHQ
0DQQHV 6LYULW GHP VLH LKUH ÃWULXZHµ DXI OHEHQVODQJ JHZLGPHW KDWWH OHLVWHQ 'DV VROLGH 0RWLY
ÃWULXZH¶ZXUGHDXIJUXQGGLHVHU=XVDPPHQIJXQJYRQGHQ%UDXWZHUEXQJVVFKHPDWDQHXHQWVWDQGHQ ,QGHU+DQGVFKULIW%VFKHLQWGLHVH(LQIKUXQJGHUQHXHQ+DQGOXQJVLQLWLDWLYHÃWULXZHµHQGOLFK
DEHULQGHU+RUWIRUGHUXQJVV]HQHZRGDV7KHPDGHVWUDGLWLRQHOOHQ%UDXWZHUEXQJVVFKHPDV7\S
EHUGLHWUDJLVFKH6LSSHQVFKODFKWV\PEROLVFKHUVFKHLQHQVROOWHYHU]LFKWHWZRUGHQ]XVHLQ'DJHJHQ
KDW GHU %HDUEHLWHU GHV 7H[WHV GHU +DQGVFKULIW & GLHVH QHXH +DQGOXQJVLQLWLDWLYH GXUFKJHIKUW XQG
GDIUGDVWUDGLWLRQHOOH(U]lKOVFKHPDQXUZLHHLQ*HIl‰EHQXW]W(U]HLJWHVHLQH7HLOQDKPHDP/HLG
GHU NODJHQGHQ ÃWULXZHQµ .ULHPKLOG XQG lX‰HUWH .ULWLN DQ +DJHQ GHVVHQ ÃXQWULXZHµ ]X VHLQHP
+HUUHQ*XQWKHULQGHU+RUWIRUGHUXQJVV]HQHHQWKOOWZXUGHXQGDXFKDQGLHNlPSIHULVFKH6ROLGDULWlW
ÃWULXZHµYRQGHQ%XUJRQGHQGLHIUGLH$XVZHLWXQJGHU6FKODFKWYHUDQWZRUWOLFKZDU +LQWHU GHQ %HDUEHLWXQJHQ LQ GHU +DQGVFKULIW & NDQQ PDQ HLQH QHXH OLWHUDULVFKH 7HQGHQ]
HUNHQQHQGD‰GLH7H[WHEHLGHPhEHUJDQJYRQGHUPQGOLFKHQ]XUVFKULIWOLFKHQhEHUOLHIHUXQJQXQ
GHU)ROJHULFKWLJNHLWGHU)LJXUHQXQGGHU+DQGOXQJEHGUIHQ'DV(SRVZROOWHVLFKDXVGHUHLQIDFKHQ
$QZHQGXQJGHUDOWHQ(U]lKOVFKHPDWDDOOPlKOLFKEHIUHLHQ(LQQHXHV7KHPDZXUGHGDEHLPLWGHP
$XIWULWWGHVYLHOGHXWLJHQ%HJULIIVÃWULXZH¶JHVXFKW ̊WULXZH¶ZDUGLH]HQWUDOH*HZlKUIUGLH:UGHQ
GHU0HQVFKHQLQGDPDOLJHUK|ILVFKHU *HVHOOVFKDIW'LHVHU %HJULII IXQJLHUWHLQGHQ %HDUEHLWXQJHQ
DXVVFKODJJHEHQG DOV %HZHUWXQJVPD‰VWDE WUHXH .ULHPKLOG XQG XQWUHXHU +DJHQ $EHU PDFKWH HV
]XJOHLFK GLH YHUZRUUHQH PHKUVFKLFKWLJH :HOWDQVFKDXXQJ GHV (SRV QRFK OHEKDIWHU (V JDE GHP
6FKLFNVDOGHV+HOGHQWXPVXQGDXFKGHP3UREOHPGHUJHJHQZlUWLJHQK|ILVFKHQ9HUKDOWXQJNRQNUHWH
8PULVVH
Fly UP