Comments
Description
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࠾ޡߣ߈ߴࠆޔߪߦޢᕁࠊࠇࠆᖱႎ߇ᦠ߆ࠇߕ⺰ߚ߹ޔℂ⊛ߥᢛว ᕈ߇፣ࠇߡࠆࠃ߁ߦ߃ࠆ▎ᚲ߇ᄙᢙࠆߩߘޕਛߢ߽ຠߩ᭴ㅧߦ⋥ធ㑐ࠊࠅߩߘޔ ゲࠍំࠆ߇ߔࠃ߁ߥߣࠅࠊߌᄢ߈ߥਇᢛว߇ᦨޔᓟߦ⊓႐ߔࠆޕᄦࠪࡈ࠻ࠍᲕߒߚࡂ ࠥࡀߦኻߒߡᓳ⼦ࠍ⋡ᜰߒߡ᧪ߚࠢࠛࡓࡅ࡞࠻߇⚳ᦨޔ႐㕙ߢ❈ߐࠇߚࡂࠥࡀࠍ⋡ߩ ೨ߦߒߥ߇ࠄᓐࠍහᐳߦᲕߘ߁ߣߪߖߕߕ߹ޔቲߩⷐ᳞ª+RUWIRUGHUXQJ©ࠍⴕ߁႐㕙ߢࠆޕ వߕޔ౮ᧄ %ߩ࠹ࠢࠬ࠻ߦᓥߞߡᒰ႐㕙ߦ⥋ࠆ߹ߢߩคߩ╭ࠍⷰߔࠆޕ ࡉ࡞ࠧࡦ࠼₺ࠣࡦ࠹࡞ߣࡊࡘࡦࡅ࡞࠻ߩ⚿ᇕ߇ࠪࡈ࠻ߩදജߦࠃߞߡᚑ┙ߒߚ ߇ߣߥࠅ߇࠻ࡈࠪޔንߣᱞജߡߒߘޔฬߦ߅ߡࠃࠃࡉ࡞ࠧࡦ࠼ߩችᑨࠍ⢿ ߆ߔሽߣߥߞߚߣ߈ޔ㊀⤿ࡂࠥࡀߪࠪࡈ࠻ࠍᲕኂߔࠆޔߪࡀࠥࡂޕኦᇚߣߥߞߚࠢ ࠛࡓࡅ࡞࠻߇࠾ࡌ࡞ࡦࠥࡦߩቲª+RUW©ࠍ↪ߒߡᄦߩߚߦᓳ⼦ߔࠆࠍෂᗋߒޔᓐ ᅚ߆ࠄቲࠍᅓขࠆߦ࠻ࡈࠪޕᄌࠊࠄߧ⺈ታߩᔃªWULXZH©ࠍᛴ߈⛯ߌࠆࠢࠛࡓࡅ࡞ ࠻ߪޔᓐࠍᲕኂߒߚ⠪ߦᓳ⼦ߔࠆߚޔንߣᱞജࠍᜬߟࡈࡦߩ₺ࠛ࠶࠷ࠚ࡞ߦᇾߔ৾ޕᐕ ᓟޔᓐᅚ߇ᓳ⼦ࠍ⢷ߦࡉ࡞ࠧࡦ࠼ᣖࠍ㙺ኃߦᓙߔࠆߣߩߘߪࡀࠥࡂޔᔃࠍㅢߒޔෂ㒾 ߆ࠄりࠍࠆߚᓙߦߪᔕߓߧࠃ߁ߦ⺑ߩ࡞࠹ࡦࠣ₺ߣޔᓧࠍ⹜ߺࠆߪ࡞࠹ࡦࠣ߇ߛޕ ߆ߟߡࠢࠛࡓࡅ࡞࠻ߣᚑߒߚ⸃ߩªVXRQH©ࠍࠅᚲߦߎߩㅴ⸒ࠍᜎุߔࠆߚ߹ޕੑ ੱߩ₺ᒉߪޔ ാ᳇ࠆ⠪߇ᚒࠍߩߊⴕߦߣޘᱛࠆߥޔ ߣᥧߦࡂࠥࡀࠍ⤪∛⠪ߛߣམࠆޕ ാߩ჻ࡂࠥࡀߪߎߎߢ㇢ౄ㓐৻ߩᱞാߩࠇߦ ߌߡᓙߦᔕߓࠆߎߣߣߔࠆࡀࠥࡂޕ ߪࡈࡦ߳ߩᣏߩ႐㕙ߦ߅ߡ࠼ࡦࠧ࡞ࡉޔߩޟࠅᚻߣޠឬ౮ߐࠇࠆޕ ࡂࠥࡀߦࠃࠆࠛ࠶࠷ࠚ࡞ߣࠢࠛࡓࡅ࡞࠻ߩᕷሶߩᲕኂࠍᄾᯏߦߩࡦࡈޔችᑨߪㅜᣇ߽ ߥᲕᚧߩ႐ߣߥࠅ࠼ࡦࠧ࡞ࡉޔߪࡂࠥࡀߣࠣࡦ࠹࡞ࠍ㒰ߊోຬ߇Ვߐࠇࠆߚ߹ޕᄢ ߩࡈࡦᣖޔㅟ⇐ߒߡߚ⇣࿖ߩ㛉჻㆐߽ᲕߐࠇࠆޕㄝႺષࡘࠛ࠺ࠥ࡞ߪਥำ߳ߩᔘ⺈ ªWULXZH©ߣޔࠍ᩺ౝߒ᱑ᓙߒⷫᣖߩ⺜߹ߢ߽⚿ࠎߛࡉ࡞ࠧࡦ࠼߳ߩⷫᗲߩᖱªWULXZH©ߩ᧼ ߺߦߥߞߡ⛘ᦸߒޔᆷᇣࠡ࡞ࡋ࡞ߣೝߒ㆑߃ߡᱫߧޕ એਅޔ౮ᧄ %㧔 ᐕ㗃 6WJDOOHU+DQGVFKULIW㧕ߦߟߡߪ %DUWVFK.DUO$XVJDEHGH%RRU+HOPXW +UVJ 'DV 1LEHOXQJHQOLHG $XIODJH:LHVEDGHQ ߦᓥ߁ޕ౮ᧄ &㧔 ᐕ㗃 'RQDXHVFKLQJHU +DQGVFKULIW㧕ߦߟߡߪ +HQQLJ8UVXOD+UVJ 'DV1LEHOXQJHQOLHGQDFKGHU+DQGVFKULIW&7ELQJHQ ߦᓥߞߡᒁ↪ߔࠆޕ ࡂࠥࡀ߇❈ߐࠇᓳ⼦߇ቢㆀߐࠇࠆߴ߈⍍㑆ߦߋߔߪ࠻࡞ࡅࡓࠛࠢޔᓐࠍᲕߘ߁ߣߪ ߒߥޕᓐᅚߪ߹ߕߦࡀࠥࡂߡߟ߆ޔᅓࠊࠇߚ࠾ࡌ࡞ࡦࠥࡦߩቲߩㆶࠍⷐ᳞ߒޔㆶ ߔࠇ߫↢߈ߡࡉ࡞ࠧࡦ࠼ߦߔߣ߁น⢻ᕈࠍ␜ߔߩ࡞࠹ࡦࠣߡߒߘޕሽਛߪߦ❈ ࠄࠇቲߩಣࠍ⸒߃ߥߦࡀࠥࡂߣޔㆶࠍᜎุߐࠇࠆߣޔ⸃ªVXRQH©ߒߚߪߕߩ⡺ⷫࠣ ࡦ࠹࡞ࠍㅅ߁ߎߣߥߊవߕᲕኂߔࠆߦࡀࠥࡂߡߒߘޕቲࠍߔᗧᔒ߇ή߆ߞߚߎߣࠍ⏕ ߒߚᤨߊ߿߁ࠃޔᓐߩ㚂ࠍ⪭ߣߔߩߛޕ વᛚߩ વᛚߩ⚿วߣ ⚿วߣᄌᚑ ᄌᚑ ߩࡦࠥࡦ࡞ࡌ࠾ޡ ߪޢ♿ೋ㗡㧔㨪㧕 ࠙ࠨ࠶ࡄޔㄭ㇠ߦ߅ߡᚒߘ߇ޘ ߩฬࠍ⍮ࠄߥੱߦࠃߞߡሽ౮ᧄߦࠄࠇࠆࠃ߁ߥᒻ߳ߣ߅߅߹߆ߥߣߎࠈᒻࠄࠇ ࠆ߷߶ߡߒߘޕหᤨ߆߆ߦㆃࠇߡᚑ┙ߔࠆޡຟߩߘߦߣޢㄝၞߢ╩౮ߐࠇߚߣ ផ᷹ߐࠇߡࠆޕ᭽ߥޘવᛚ߆ࠄ⚛᧚ࠍᓧߡࠆคߛ߇ߩ╭ޔᄢ߈ߥᵹࠇߪ ♿ߦ↢߹ࠇߚੑߟߩવᛚ࠻ࡈࠪޔ㧙ࡉࡘࡦࡅ࡞࠻વ⺑ߣࡉ࡞ࠧࡦ࠼ߩᴚ⪭વ⺑ߦ ↱᧪ߔࠆࠄࠇߘߡߒߘޕฎ⚛᧚ߩߦߩࡦࡈߣࠬࡓ࡞ࠜࡧޔችᑨ߿ੱߩޘᝄࠆ⥰㧔ች ᑨ㛉჻ߩᴺ߿ࠠࠬ࠻ᢎߩାઔߥߤ㧕ߩឬ౮ߥߤࠍㅢߒߡᒰᤨߩችᑨ␠ળߩᆫ߇ᤋߒ ߐࠇߡࠆޕ /LHQHUW (OLVDEHWK +UVJ 'LH 1LEHOXQJHQNODJH 0LWWHOKRFKGHXWVFKHU 7H[W QDFK GHU $XVJDEH YRQ .DUO %DUWVFK(LQIKUXQJQHXKRFKGHXWVFKHhEHUVHW]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ߦࠕࠗࠬࡦ࠼ߢ╩౮ߐࠇߚޕ㧕 ߥߤߦࠆ߇᧪ࠆޡޕฎࠛ࠶࠳ޢ ߪޔ ♿߆ࠄ ♿ߦ߆ߌߡࡁ࡞࠙ࠚߣࠕࠗࠬࡦ࠼ߢᒻᚑߐࠇߚવᛚ߇ 㗃ߦ &RGH[ 5HJLXV ߩ₺ޡ౮ᧄߡߒߣޢ౮ᧄൻߐࠇߚ߽ߩߦߎߎޕࠄࠇߚ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ߥߤߦᱷࠆߓߔࠄޕ㧦ࡈࡦߩ₺ࠕ ࠶࠹ࠖߪޔᆄࠣ࠼࡞ࡦߩఱᒉࠣࡦ࡞ࡉ࠾ޔᣖߩࠣࡦ࠽࡞ߣᒉࡋࠣ࠾߇ᚲߔࠆቲࠍ᰼ᦸߒޔ 㙺ኃࠍߒߡᅓ߅߁ߣߔࠆߪࠄ࠾ࠣࡋޕᆂߩ⼊๔ࠍℂ⸃ߒࠣࡦ࠽࡞ߦ┙ࠍ⺾ࠆ߇ߪ₺ޔᢓ߃ ߡᱫߦะ߆߁ߩࡦࡈޕ࿖ߢࠣࡦ࠽࡞ߪ❈ࠅߍࠄࠇߦ࠻ࠕޔ㨬㤛㊄ߢࠍ߇ߥ߁ߟ߽ࠅߪߥ ߆㨭ߣ㤛㊄ࠍⷐ᳞ߐࠇࠆߪ࡞࠽ࡦࠣޕᒉߩ↢߈ߡࠆ㑆ߪ⸒߃ߥߣޔ㓝ߒᚲߩ๔⊕ࠍᜎุߘޕ ߒߡᒉߩᔃ⤳ࠍⷐ᳞ߔࠆߩ࠾ࠣࡋޕᔃ⤳ࠍߖࠄࠇߚᤨࠣࡦ࠽࡞ߪ⸒߁ޕ㨬ࠊߒࠄੑੱ߇↢߈ߡ ࠆ㑆⇼ᔨ߇ࠆߎߣߪߥ߆ߞߚ߇߈↢߇ߌߛߒࠊޔᱷߞߚ߽ࠇߘޔ᥍ࠇߚࡦࠗޕᴡࠃߩޔ ᧃⵧߚࠆ࠾ࡉ࡞ࡦࠣᣖߩㆮቲޔߩ߽ߣߥࠆ㤛㊄ࠍ߅ߐࠃ⇣ޕ࿖ߩቲⅣߪࡈࡦᣖߩ㆐ߩᚻ ߦノߊࠃࠅߪޔᵹࠇ߿߹ߧᴡߩᐩߦノߊᣇ߇⦟߆ࠈ߁ߙޕ㧔 ▵㧕㨭 Ⱜ‗ߦᛩߍㄟ߹ࠇߚࠣࡦ࠽࡞ ߪ┱ޔℙࠍ߆߈㡆ࠄߒߥ߇ࠄᱫߧޕఱᒉߩߚߩᓳ⼦ࠍ࿑ࠆࠣ࠼࡞ࡦߪޔᄦߦੑੱߩᕷሶߩ ⡺ࠍனߞߡ㘩ߴߐߖࡦࡈޔᣖߪ₺ሶߩᱫߦ⁅ੂߦ㒱ࠆߪࡦ࡞࠼ࠣޕ㈬ߦᱜ᳇ࠍᄬߞߚᄦࠍ⥁ ᚲߢೝߒᲕߒޔቲᐶࠍ㐿߈ችᲚߦἫࠍߟޕ೨ឝᦠޔa 㗁ޕ ੑߟߩવ⺑߇ߟ㗃ߤߩࠃ߁ߦ⚿วߒߚ߆ߣ߁㗴ߪ ޔ♿߆ࠄ㐳ߊ㊀ⷐߥ⎇ⓥ⺖ 㗴ߢߞߚޔ߇ߛޕ ߩࡦࠥࡦ࡞ࡌ࠾ޡࠅࠃޢฎᤨᦼߦવᛚࠍ╩౮ߒߚຠߪߥߊޔ ♖ኒߢ⏕߆ߥᖱႎߪ㕖Ᏹߦ㒢ࠄࠇߡࠆߚޔ㗴ߪᧂߛ⸃ߐࠇߡߥޔߒߛߚޕ ޡฎ ࠛ࠶࠳߿ޢหᤨᦼߩᢔᢥߩߩߤߥޢࠟࠨࠟࡦࠬ࡞ࠜࡧޡຠ߆ࠄ ♿એ೨ߩવᛚ⁁ᴫߦ ߟߡᄙዋផ᷹ߔࠆߎߣߪ᧪ࠆ㧔ߚߛ╩߇ࠄࠇߎޔ౮ߐࠇߚߩߪߩࡦࠥࡦ࡞ࡌ࠾ޡޢ ࠃࠅᣂߒߊ ޔ♿ᓟඨએ㒠ߢࠆ㧕 ޕ ޡฎࠛ࠶࠳ߩ࠭࡞ࠣࠪޡߩޢᢿ ޔߪࠄ߆ޢ ߔߢߦ ♿ߦੑߟߩવ⺑߇⚿߮ߟߌࠄࠇߡߚน⢻ᕈ߇߁߆߇߃ࠆޕ ࠗࡦᎹߩධߢࠪࠣ࡞࠭ߪᲕኂߐࠇߚޕ᮸ߩߩ㡏߇ჿ㜞ߊตࠎߛޔ ߥ߇࠻ࠕޟ ߚᣇߩࠍ⿒ߊᨴࠆߛࠈ߁ޕனࠅߩ߇ᚢߦߪ߿ࠆ⠪ࠍṌ߷ߔߛࠈ߁ޕ ޠ ߥߗߩ࠭࡞ࠣࠪ߇࠻ࠕޔᓳ⼦ߩᜂᚻߣߥࠅ߁ࠆߩ߆ޡߪ✲⚻ߩ╭ߒߩߘޕฎ ࠛ࠶࠳ߩޢਛߦߪోߊ⻦ࠊࠇߡߥޕ ᤨઍࠍਅߞߚߩࡦࠥࡦ࡞ࡌ࠾ޡߩޢᚑ┙ᦼ ߜࠊߥߔޔ♿ߩੑߟߩવᛚߩ⚿วߩ ⁁ᴫߦߟߡߪޔหߓߊࠕࠗࠬࡦ࠼ߢ╩౮ߐࠇߚߟ৻߁߽߇ޢࠟࠨࠬࠢ࠼ࠖ࠹ޡ ߩࠍવ߃ߡࠆ ߪࠇߎޕ♿ߦᄢ㒽㧔ਥߦ࠱ࠬ࠻ߥߤૐ࠼ࠗ࠷ࠆߪࠗࡦ ᣇ㧕߆ࠄࠬࠞࡦࠫ࠽ࡆࠕඨፉߦᷰߞߚࡂࡦࠩੱߦࠃߞߡવᛚ߇ᐢࠄࠇ ޔᐕ㗃ߦ ♿㗃߆ࠄޔർ࡛ࡠ࠶ࡄߩ⍹ᓂࠅࡈߥߤߦ࿑ߣߒߡ⏕ߐࠇࠆޕ+HLQ]OH -RDFKLP=XPOLWHUDULVFKHQ6WDWXVGHV1LEHOXQJHQOLHGHV,Q&KULVWRSK)DVEHQGHU+UVJ1LEHOXQJHQOLHGXQG 1LEHOXQJHQNODJH1HXH:HJHGHU)RUVFKXQJ'DUPVWDGW6+LHU6 ♿ೋᦼޕ౮ᧄߦᰳ⪭߇ࠅޔ౨㗡ߣᧃየ߇ᰳ៊ߩࡦࠥࡦ࡞ࡌ࠾ޡޕޔࠅߥ⇣ߪߣޢ㨬ࠪࠣ ࡞࠭ߩ⍴㨭߿㨬ࠣ࠭࡞ࡦߩ㨭ߣหߓߊࡉࡘࡦࡅ࡞࠻ߪࠕ࠻ߩᆂߣߥߞߡࠆޕ 'LQNHODFNHU :ROIJDQJ 1LEHOXQJHQGLFKWXQJ DXHUKDOE GHV Ä1LEHOXQJHQOLHGHV³ =XP 9HUVWHKHQ DXV GHU 7UDGLWLRQ,Q-DPXVLFKVXQGHUULXZHVLQ)HVWVFKULIWIUNDUO6WDFNPDQQ]XP)HEUXDU*|WWLQJHQ 6+LHU6 ⼱ญ ޔ㗁ޕ ޡฎࠛ࠶࠳ޢਛߩຠߢߪࡉࡘࡦࡅ࡞࠼ߩఱߣ߽ߐࠇߡࠆޕ ࡂࡦࠩੱߦࠃߞߡࡁ࡞࠙ࠚ߳વ߃ࠄࠇޔᄢ㒽ߣߩ㑐ଥᒝൻࠍ࿑ࠆࡎࠦࡦ 㧔a㧕 ߩᤨઍ ޔᐕ㗃ߦ╩౮ߐࠇߚ⊛ߥ߁ࠃߚߞߦ࠳࠶ࠛޕ㕙ߪߥߩࡦࠥࡦ࡞ࡌ࠾ޡޕ ߪߣޢ㕖Ᏹߦ⚦߆ឬ౮ߢߩ৻⥌߽ࠄࠇࠆ߇ޔߪޔᄢ㒽ߩવᛚߩනߥࠆᒁ߈౮ߒߢߪߥߊޔ ࡁ࡞࠙ࠚߩߩੱߦࠃߞߡ⁛⥄ߩഃ߇ട߃ࠄࠇߚߛࠈ߁ߣߔࠆℂ⸃߇ജߢࠆޕ+HLQ]OH -RDFKLP(LQIKUXQJLQGLHPLWWHOKRFKGHXWVFKH'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࠹ࠖ࠼ࠢࠬࠨࠟߦ߅ߌࠆࠣࡓࡅ࡞࠻ߩᓳ⼦ޔᓼፉᄢቇ⸒⺆ᢥൻ⎇ ⓥ a 㗁ޕ㧧ጊፒ㓁ሶ㧦⠡⸶ࡦࠥࡦ࡞ࡌ࠾ࠆߌ߅ߦޢࠟࠨࠬࠢ࠭ࠪޡવ⺑Σ㨯Τ㨯 Υ㨯Φ⊕⋡ޔᄢቇੱᢥቇㇱ♿ⷐ ⸒⺆ᢥൻ▻ ޕ (KULVPDQQ2WIULG1LEHOXQJHQOLHG(SRFKH:HUN:LUNXQJ0QFKHQ$XIO6 ╩౮ߐࠇߚ߽ߩߢࠆޕ ߩࡦࠥࡦ࡞ࡌ࠾ޡߣޢᲧセߔࠆߣޔຠߩᓟඨߩቲߦ߆߆ࠊࠆࠛࡇ࠰࠼ߦ㑐ߒߡ ⋧㆑ὐ߇ࠆ߇࡞ࠚ࠷࠶ࠛޕ㤛㊄᰼ߣή✼ߢߞߚߩߦኻߒޔ ࠕߩޢࠟࠨࠬࠢ࠼ࠖ࠹ޡ ࠶࠹ࠖߪ㧔 ߩ࠻ࠕޡߣ࠻ࠕߩޢห᭽㧕ᒝ㤛㊄᰼ࠍᜬߜޔᒰೋߪᆄߦഠࠄߕᆄߩఱ ᒉ߇ߔࠆቲࠍ᰼ߒߡߚߩߎޔߛߚޕ㤛㊄᰼ߩࡕ࠴ࡈߪㅜਛߢᶖߒࠄࠇޔᓐߪࠣࡦ ࠽࡞ࠄߣߩᅢ㑐ଥࠍᦸ₺ߣߥࠆᦨߡߒߘޕᓟߦߪᗌࠍᒁ߈ߎߒߚᆄࠍ㕖㔍ߒᲕߐ ߖࠆޔ߽ߡ߅ߦ࠻࡞ࡅࡓࠣߚ߹ޕ㤛㊄᰼ߩࡕ࠴ࡈߪㅜਛߢ߆ࠄᆫࠍᶖߒޔቲߩ ⷐ᳞ߪ㧔 ߩࡦࠥࡦ࡞ࡌ࠾ޡࠅߥ⇣ߪߣޢ㧕ੑᐲ➅ࠅߐࠇࠆߪߥߊޔᚢߩᦨೋߩ႐ 㕙ߦ৻ᐲ⊓႐ߔࠆߛߌߢࠆޕવ⛔⊛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ࡊࡘࡦࡅ ࡞࠻㧕ߦ㑐ߒߡ߽ޔ㊀ⷐߥ⋧㆑ὐ߇ࠆޕ ߩࡦࠥࡦ࡞ࡌ࠾ޡߪ࠻࡞ࡅࡦࡘࡊޔߪߢޢ ᳞ᇕ⠪ࠣࡦ࠹࡞ߦኻߒߡਃߟߩ⹜วߢᓐᅚߦൎߚߥߌࠇ߫ߪขࠆߣ߁⹜✵ࠍ⺖ߔߘޕ ߒߡ౨㒾ࠍታ㓙ߦⴕ߁ߩߪ㓝ࠇ⬉ߦࠃߞߡᆫࠍ㓝ߒߚࠪࡈ࠻ߢࠅޔᓐߪߎߩᄺߦ ࠃߞߡࠢࠛࡓࡅ࡞࠻ߣߩ⚿ᇕߩ⸵นࠍࠣࡦ࠹࡞߆ࠄᓧࠆߩߛߦࠇߎޕኻߒޔ ࠼ࠖ࠹ޡ ࠢࠬࠨࠟߪߢޢੑߟߩ᳞ᇕߪ✭߿߆ߥ㑐ଥߢߚߛਗ⟎ߐࠇߡ߅ࠅޔ᳞ᇕߩ⹜✵ߪߥࠫޕ ࠣ࡞࠻ߣࠣࡦ࠹࡞ߩ㑆ߩෂ㒾ࠍߪࠄࠎߛሽ㑐ଥߩឬ౮ߪߩࡦࠥࡦ࡞ࡌ࠾ޡ߽ࠅࠃޢ ⚛ᧉߢන⚐ߥ߽ߩߣߥߞߡࠆޕ ♿એ㒠ߩߎࠇࠄੑຠߦ߅ߡ⋡߇⺆‛ߩ࠻ࡈࠪޔᜰߔߩߪࠢࠛࡓࡅ࡞࠻ߣ ߩ⚿ᇕߢࠆߪࠇߘ߇ߛޕવᛚߩᣂߒᒻߢࠆޕฎવᛚᲑ㓏ߢߪࠪࡈ࠻ߣࡊࡘ ࡦࡅ࡞࠻ߩ㑐ࠊࠅ߇ߒࠈ‛⺆ߩਛᔃ⊛ߥࠛࡇ࠰࠼ߢࠅޔຠߩᨒࠍߥߒߡߚޕ ޡฎ ࠛ࠶࠳߷߶ߣޢหᤨᦼߩવᛚࠍવ߃ࠆ࠻࡞ࡅࡦࡘࡉޔ߫ࠇࠃߦޢࠟࠨࠟࡦࠬ࡞ࠜࡧޡ ߪ⚿ᇕࠍߞߚࠪࠣ࡞࠭ߦⵣಾࠄࠇߚ߆ࠄޔᓐߦήታߩ⟋ࠍ⌕ߖߡᄦߦᲕߐߖ߽ࠄ⥄ޔ ߹ߚ⥄ኂߒߡᨐߡࠆޕᓟઍߩવᛚߢߪߎߩࡉࡘࡦࡅ࡞࠻ߩᗲߣᓳ⼦ߦઍࠊߞߡࠛࠢޔ ࡓࡅ࡞࠻ߩࠪࡈ࠻߳ߩᗲߣᓳ⼦ߦࠬࡐ࠶࠻ࠗ࠻߇ᒰߚࠆࠃ߁ߦߥߞߚߩߛޕ ․ߦ ࠾ޡ ࡌ࡞ࡦࠥࡦߩᦨޔߪޢೋߩ┨ߦ߅ߡਸᅚࠢࠛࡓࡅ࡞࠻ߩ↢┙ߜߣᓐᅚ߇ߚ 㣔ߩᄞ߇⺆ࠄࠇߡ߅ࠅߩߘޔᓟߩ╭ࠍߡ߽ᓐᅚߩ⚿ᇕߣᗲ߇ຠߩゲߢࠆߪࠄ߆ ߛߩ࠼ࡦࠧ࡞ࡉޕᴚ⪭વ⺑ߣ⚿วߔࠆߦ㓙ߒߡߩ⺆‛ߩ࠻࡞ࡅࡓࠛࠢߣ࠻ࡈࠪޔឬ ⚿ߩ࡞࠹ࡦ߽ࠣ࠭࡞ࠣࠫߩޢࠟࠨࠬࠢ࠼ࠖ࠹ޡᇕߦᦨᓟߩ႐㕙ߢߪዧജߔࠆߜࠊߥߔޕೋᄛ ߦࡊࡘࡦࡅ࡞࠻ߦ❈ࠅߍࠄࠇߡߒ߹ߞߚࠣࡦ࠹࡞ߦ㗬߹ࠇߡߩ࠻࡞ࡅࡦࡘࡊޔಣᅚࠍᅓޔ ߘߩᕋജࠍᷫߗߐߖߚߩࡦࠥࡦ࡞ࡌ࠾ޡޔ߅ߥޕߪ࠻ࡈࠪߩޢᓐᅚࠍࠣࡦ࠹࡞ߦಣᅚߩ߹ ߹ᒁ߈ᷰߔޕ ޡฎࠛ࠶࠳ߣޢหᤨᦼߩ ♿એ೨ߩવᛚࠍવ߃ࠆᢔᢥຠ㧔╩౮ߐࠇߚߩߪ ᐕ㗃㧕⼱ޕ ญᐘ↵⸶ ޢࠟࠨ࠼ࡦࠬࠗࠕޡ 㧔ᣂầ␠ޔ㧕㧧⩲ේ㇌ၔ⸶ ࡦࡑ࡞ࠥޡർ᰷ߩ⧷㓶વ⺑̆ࡧ ࠜ࡞ࠬࡦࠟࠨࠟޢ 㧔᧲ᶏᄢቇ ળ ޔᐕ㧕ޕ ౮ߪᄢߐࠇ߇ࠇߎޔຠోߩᨒߣߥߞߚߩߢࠆޕ ߩࡦࠥࡦ࡞ࡌ࠾ޡࠍޢવ߃ࠆ౮ᧄߩᢙ㧔ߩ ޔቢో౮ᧄߩ ޔᢿ ߇ߟ߆ߞ ߡࠆ㧕ࠍหᤨઍߩᄢⷙᮨߥችᑨ‛⺆ߣᲧߴࠆߣ࠶ࠛࡦࠜࡈࡓࡈ࡞ࠜࡧߪࠇߘޔ ࠪࠚࡦࡃ࠶ࡂߩޢ࡞ࠔࡧ࠴࡞ࡄޡ 㧔 ቢో౮ᧄ ޔㄭᢿ ޔᐕߩශᧄ ߟ㧕ߣ ޢࡓ࡞ࡂࠖࡧޡ 㧔 ೨ᓟߩቢో౮ᧄ ޔᢿ ޔᛮ☴㧕ߦߎߘഠࠆ߽ߩߩ࡞ࡂ߫߃ޔ ࠻ࡑࡦࡈࠜࡦࠕ࠙ࠛߩޢࡦࠗࠚ࠙ࠗޡ 㧔 ቢో౮ᧄ ޔᢿ 㧕 ߿ࠧ࠶࠻ࡈ࠻ ࡈࠜࡦࠪࡘ࠻ࠬࡉ࡞ࠢߩޢࡦ࠲ࠬ࠻ޡ 㧔 ቢో౮ᧄ ޔᢿ 㧕ߣ߶߷ห╬ߢ ࠆޕ ࠼ࠗ࠷⺆ᢥቇ߇ೋߡᄢ߈ߥታࠅࠍ⚿߱ߎߣߣߥߞߚߎߩᤨઍޔ ߩࡦࠥࡦ࡞ࡌ࠾ޡޢ ߪᦨᄢ⚖ߩ㗀ࠍᓧߡߚߣ⸒ߞߡࠃߛࠈ߁ޕ ߚߛޔ㨪 ♿ߦ╩౮ߐࠇߚࠆ৻ߟߩᒻࠍએߡߩࡦࠥࡦ࡞ࡌ࠾ޡߪޢቢᚑߒޔ ᄌᚑࠍ⚳߃ߚߩߢߪߥ߆ߞߚࠅ⺆ޕᚻߩⵙ㊂ߣ⺆ࠅߩ႐ߩ㔓࿐᳇ߦᆔߨࠄࠇߡߚญᛚ ߆ࠄᦠޔ౮ߐࠇ࿕ቯߐࠇߚຠ߳ߣᢥ⧓ߩᒻᘒ߇ផ⒖ߒߡߊߎߩᤨઍ‛ੱ߿╭ߩ⺆‛ޔ ߩ⸒േߦߪᓳᬌ⸽ߦ⠴߃߁ࠆ৻⽾ߒߚ⺰ℂ߇᳞ࠄࠇࠆࠃ߁ߦߥߞߡߚޕᓟㅀߔࠆㅢ ࠅޔᣢߦ ♿೨ඨߩ౮ᧄ & ౮ᧄߦߪߚߒ⽾৻ࠆޔᗧ࿑ߦᴪߞߚᡷᄌ߇ሽߔࠆ⺰ޕ ℂ⊛ᢛวᕈࠍᢥቇຠߦ᳞ࠃ߁ߣߔࠆߎߩᣂߒᗵᕈߩ⋡߆ࠄߩࡦࠥࡦ࡞ࡌ࠾ޡޢ ߩᦨೋߩᒻ㧔౮ᧄ % ࡧࠔ࡚ࠫࡦ㧕ࠍߚᤨޔੑߟߩવᛚߪᧂߛᢛว⊛ߦⲢวߐࠇߡ߅ࠄ ߕ⸃ޔߔߴ߈㗴߿ၒࠆߴ߈ⓨ⊕߇ߞߚߩߛ ޔߚ߹ޕ♿ߩ౮ᧄ P ߿ ♿ߩ ශᧄ ޡਇᱫりߩࠩࠗࡈ࠻ޢ ߦߪ ♿ߩ߽ߩߣߪ߆ߥࠅ⇣ߥࠆ╭ߩዷ㐿߇ࠄࠇࠆޕ ᢙ♿ߦࠊߚࠆᔓළߩᓟ ޔ♿ᓟඨߦౣ⊒ߐࠇࠆߣޔ ߩࡦࠥࡦ࡞ࡌ࠾ޡ࠶ࡋߪޢ ࡌ࡞߿ࡢࠣ࠽ࠄߦࠗࡦࠬࡇ࡚ࠪࡦࠍਈ߃ޔᣂߒຠ߇↢ߺߐࠇߡߊ㧔 ♿╙ ྾ඨ♿㧕 ߥߺߪࠄࠇߘޕવ⛔⊛ߥ⚛᧚ࠍ↪ߡߪࠆ߇߽╭ޔ᭴ᗐ߽ᣂߒ⁛⥄ߩ ഃߢࠆޕ ߩࡦࠥࡦ࡞ࡌ࠾ޡ᧚⚛ޔߪޢ㑆ߦࠆജേᕈߩߚߦᄌᚑࠍ➅ࠅߒޔᣂ ߚߥഃࠍ↢ࠎߢߞߚߩߢࠆޕ ᇾขࠅ ᇾขࠅ‛⺆ߣ ‛⺆ߣߩࡦࠥࡦ࡞ࡌ࠾ޡ ࠾ࡌ࡞ࡦࠥࡦߩޢ ࠢࠛࡓࡅ࡞࠻ߩੱ‛ߦᴪߞߡ╭ࠍㄡࠆߣᦨޔᓟߦᓐᅚߩᓳ⼦ߩᗧᔒ߇ቲߩⷐ᳞ߦ⓭ 0OOHU-DQGLUN'DV1LEHOXQJHQOLHG.ODVVLNHU/HNWUHQ%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 $XIODJH0QFKHQ6 +XEHU&KULVWRSK*RWWIULHGYRQ6WUDEXUJ.ODVVLNHU/HNWUHQYHUEHVVHUWH$XIODJH%HUOLQ6 ὼߦขߞߡઍࠊࠄࠇࠆߪᄢ߈ߥ⻘ߢࠆߩߎޕ㗴ߪคߩᚑࠅ┙ߜߦᩮߑߔ߽ߩߢ ࠆޕ ߎߩᤨઍߩᢥ⧓ຠߪ⧷߽ߢ⺆‛ࠬ࠘࠻࡞ࠕޔ㓶ߢ߽ޔቯဳߩ᭴ㅧࡕ࠺࡞ߦᴪߞߡ ⺆ࠄࠇࠆ߇߶ߣࠎߤߛߞߚߩ࡞࠽ࠫࠝࠄ߆ࡠߪੱߡߒߘޕഃࠍⴕ߁ߣ߁ࠃࠅ ߪޔቯဳ߆ࠄਥⷐߥੱ‛߿╭ߩၮᧄ✢ࠍߤߥࡈ࠴ࡕޔᓧߚߢߩ⚛ⷐޔㅊട߿⸒⪲ߩ ᓂ℉ߦᛛࠍಝࠄߔߩߢߞߚޕᢥ⧓ߪޔቯဳ߇ⷐ᳞ߔࠆ߽ߩߣੱߩ༡ߺߩ㑆ߦ↢߹ࠇࠆ ߽ߩߛߞߚߩߛޕ ᭴ㅧߩቯဳߩઍ⊛ߥ߽ߩߦޔ ↵߇ᆄࠍᓧࠆ߹ߢߩ౨㒾߇⺆ࠄࠇࠆ㨬ᇾขࠅ‛⺆㨭߇ࠆޕ ߩࡦࠥࡦ࡞ࡌ࠾ޡߩߎߪޢ㨬ᇾขࠅ‛⺆㨭ߣⶄ߇ဳࡦ࡚ࠪࠛࠔࡧߩߘޔᢙ⚵ߺวࠊ ߖࠄࠇߚ߽ߩߣℂ⸃ߔࠆߎߣ߇᧪ࠆޕ 㨬⎕Ṍߔࠆ ⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆ ߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭 ⇣ᣖ㑆⚿ᇕ‛⺆㨭 ߹ߕߩࡦࠥࡦ࡞ࡌ࠾ޡߩޢᓟ✬߇ᛒ߁ࡉ࡞ࠧࡦ࠼ߩᴚ⪭વ⺑ߦߟߡ⠨ኤߔࠆޕ ࠾ޡ ࡌ࡞ࡦࠥࡦߩޢએ೨ߦߎߩવ⺑ࠍᛒߞߚߩ࠻ࠕޡޔߪߢޢ᳞ᇕߩ౨㒾⼄ߪ߶ߣࠎ ߤ⺆ࠄࠇߕ⚿ߪ⺆‛ޔᇕᓟߩ႐㕙߆ࠄᆎ߹ࠆ߇࠻ࠕߡߒߘޕᆄߩ࿖߇ߔࠆᮭജߣንࠍ ᰼ᦸߒߡ㙺ኃࠍߔߣ᱂ߡ⟵ⷫᣖࠍᓙߒޔᲕᚧߔࠆ߇ឬ߆ࠇࠆ⇣ߥ߁ࠃߩߎ߅ߥޕ ᣖ㑆ߩ⚿ᇕࠍ⊒┵ߦ⊒↢ߔࠆ㑵ߣ⎕Ṍ߇ឬ߆ࠇࠆ‛⺆ߪ߆ߟߊ߽ߦ߆߶ޔሽߔࠆޕ ߎߩ⒳ߩ‛⺆ߦߟߡޔ:DOWHU+DXJ ߪޔᇾࠍߒߚੑᣖ㑆ߩ┙႐߇ㅒォߒߡࠆߎߣߦ ᵈ⋡ߒߡ㨬ㅒォߒߚᇾขࠅ‛⺆㨭ޔ9LNWRU0LOOHW ߪߎࠇࠍࠊࠁࠆ㨬ᇾขࠅ‛⺆㨭ߣߒߡ 㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭⹏ߣޔଔߒߚ ߡߒߘ ޕ0LOOHW ߪߎߩ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛ ⺆㨭ߣ߁ቯဳߪᴦ⊛ァ⊛㑵ߦ⛘߃ߥ߆ߞߚታ㓙ߩᱧผࠍ㞲߿߆ߦᤋߒߔ߇ ᧪ࠆ߽ߩߛߣޔ⠨ኤߒߡࠆޕ ᒰᤨߩഃᵴേߪ⁛ഃࠍ⋡ᜰߔߩߢߪߥߊቯဳࡕ࠺࡞ߦᓥ߁߽ߩߢߞߚࠍ⠨߃ࠇ߫ޔ ޔߪࡈ࠴ࡕߩޘ೨ᓟߩᢥ⣂߿ੱ‛ㅧᒻߣߩ⚦߆ߥ㑐ࠊࠅ߆ࠄߛߌߢߪߥߊޔቯဳߩ᭴ ฎ⧷⺆ߩ⸥߽ߦޢࡈ࡞࠙ࠝࡌޡㅀߩࠆ㨬ࡈࠖࡦ࠭ࡉ࡞ࡈߩᚢ㨭ޔਛ࠙ࠚ࡞࠭ߢ⸥ߐࠇߚ ߩ࡞ࠖࠬޡߟ৻ߩޢࠡࡁࡆࡑޡᆷࡉࡦ࠙ࠚࡦޕޢHEG SDVVLP 5HLFKHUW +HUPDQQHEG +LHU 6 㐳ၛ⋓⸶ޡᢔᢥో⸶ࡌࠝ࠙࡞ࡈࡈࠖࡦࡀࠬࡉ࡞ࠣੂᢿ┨๋ޢᆄᦠᚱޔ ᐕ ਛ㊁▵ሶ⸶ ࡦࠝࠡࡁࡆࡑޡਛ࠙ࠚ࡞࠭ᐛᗐ‛⺆㓸ޢ-8/$ ዪ ޔᐕ +DXJ :DOWHU 1RUPDWLYHV 0RGHOO RGHU KHUPHQHXWLVFKHV ([SHULPHQW hEHUOHJXQJHQ ]X HLQHU JUXQGVlW]OLFKHQ5HYLVLRQGHV+HXVOHUVFKHQ1LEHOXQJHQ0RGHOOV,Q6WUXNWXUHQDOV6FKOVVHO]XU:HOWNOHLQH 6FKULIWHQ]XU(U]lKOOLWHUDWXUGHV0LWWHODOWHUV7ELQJHQ6+LHU6 㨬ᇾขࠅ‛⺆㨭ߦᒰߡ ߪ߹ࠄߥߩ࠻ࠕޡߩဳޢሽࠍᜰ៰ߒߚߩ࠻ࠕޡޕ ࠍဳߩޢLQYHUWLHUWH 6FKHPD ߥߒ *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 ㅧ߇ⷐ᳞ߒߡࠆ߽ߩߣߒߡࠃࠅᄢ߈ߥ᭴ㅧ߿ᚑࠅ┙ߜ߆ࠄ⠨ኤߔߴ߈ߢࠆޕ0LOOHW ߩ ⠨ኤߔࠆࠃ߁ߦ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩਥ㗴߇ㇱᣖ㑵ߛߣߔࠆߥࠄߩߎޔቯဳߩ᭴ ㅧߦᴪߞߡ⻦ࠊࠇߚߩ࠻ࠕޡߩޢ႐วߩ⺆‛ޔਥ㗴ߪቲߩⷐ᳞ª+RUWIRUGHUXQJ©ߣ߁ ࠛࡇ࠰࠼ߦ߅ߡ┵⊛ߦ߽߆ߒޔ㞲ὓߦߐࠇߡࠆޕ߁ࠈߛࠆ߃⸒ߣޔ 㨬ഥߌᚻߦࠃࠆᇾข ߦࠃࠆᇾขࠅ ᇾขࠅ‛⺆㨭 ‛⺆㨭 ߩࡦࠥࡦ࡞ࡌ࠾ޡߩߘޔߪߦޢ೨✬ߦ߽࠻࡞ࡅࡦࡘࡊޔવ⺑߆ࠄ⚛᧚ࠍᓧߡੑߟ ߩᇾขࠅ‛⺆㧔ࠪࡈ࠻ߩࠢࠛࡓࡅ࡞࠻ߦኻߔࠆ᳞ᇕࠣࡦ࠹࡞ߩࡊࡘࡦࡅ࡞࠻ߦ ኻߔࠆ᳞ᇕ㧕߇⟎߆ࠇߡࠆޕනりߢࡧࠜ࡞ࡓࠬችᑨߦਸ਼ࠅㄟࠎߢ᳞ᇕߔࠆࠪࡈ࠻ߦ ኻߒ⼔ߩ࠻࡞ࡅࡓࠛࠢߪ࡞࠹ࡦࠣޔ⠪ߣߒߡ⚿ᇕߩนุࠍីߞߡࠆ⥄ಽߩ┙႐ࠍ ↪ߒߡ⥄ࠍ࠻ࡈࠪޔಽߩࡊࡘࡦࡅ࡞࠻߳ߩ᳞ᇕߩഥߌᚻߣߒߡ↪ࠆ߁ࠃߩߎޕ ߥഥߌᚻࠍ↪ࠆ᳞ᇕߪޔ ࠊࠁࠆ㨬ᇾขࠅ‛⺆㨭߇ᓥ߁ߴ߈ᴺೣ㨬ᦨ߽ᒝ↵߇ᦨ߽⟤ߒ ᅚࠍᆄߣߔࠆ㨭ࠍ౨ߔ߽ߩߢߞߚߪ࠻ࡈࠪߣ࡞࠹ࡦࠣޕᴺೣߣታ㧔ᦨᒝߩ↵ߪታ ߪ᳞ᇕ⠪ࠣࡦ࠹࡞ߢߪߥߊߘߩഥߌᚻࠪࡈ࠻ߩᣇߢࠆ㧕ߩਵ㔌ࠍ㓝ߔߚࡘࡊޔ ࡦࡅ࡞࠻ࠍ㓝ࠇ⬉ߣṶᛛߦࠃߞߡ᱂ߊ⚿ޔߪ࠻࡞ࡅࡦࡘࡊޕᇕߩኃߩᏨߢᄦߣࠪࡈ ࠻߇หߩ₺ߣߒߡᝄࠆ⥰ߞߡࠆߦ⇼ࠍᛴ߈ޔੑ⚵ߩ⚿ᇕߦߪ፣უߩళߒ߇ࠇ ࠆ߇ߛޕᓐᅚߪౣ߮᱂߆ࠇߡችᑨߩߩⵙߪߚࠇࠍ࠻࡞ࡅࡓࠛࠢߪ࠻ࡈࠪޔ ߞߡࡀ࠺࡞ࡦ࠻ߦᏫ࿖ߔࠆߡߒ߁ߎޕੑߟߩ᳞ᇕ‛⺆ߪߦᚑഞߒ৻ޔᐔⓏߥ⚳ ⚿ࠍࠆޕ ᦨ㜞ߩ₺ሶࠪࡈ࠻ߣᦨ㜞ߩ₺ᅚࠢࠛࡓࡅ࡞࠻ߩ⚫߆ࠄᆎ߹ߞߚคߪߎߎޔ ߢੑੱߩ⚿ᇕߣ❥ᩕߩคㅀߢᱜ⛔ߥ㨬ᇾขࠅ‛⺆㨭ߣߒߡ᐀ࠍ㐽ߓߚ߆ߦ߃ࠆࠣߡߒߘޕ ࡦ࠹࡞ߩ㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ߪ፣უߩෂᯏࠍౝ൮ߒߡࠆߩߛ߇ޔችᑨ⊛ߥ⪇߿߆ ߥᚲߩਛߢޔᒝᒁߥ߇ࠄ߽㗴ߪ৻⸃ᶖߐࠇߡࠆ߆ߩࠃ߁ߦ߃ࠆ߇ߛޕᖤࠍ ↢߭ߕߺߪߎߩ⍍㑆ߪ⊒ࠍࠇߡ߽ޔ᭴ㅧߪᧂߛోߊ⸃ߐࠇߡߥ⌀ޕታߣ ߆ߌߩਇ৻⥌ߦࠃࠆᖤߣ߁㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ߩ࠹ࡑߪߩ࠻࡞ࡅࡦࡘࡊޔ ⢷ߩౝߦሽߐࠇߚ߹߹ߪᤨޔᵹࠇࠆޕ ᳞ᇕߩഥߌᚻ㧔:HUEXQJVKHOIHU㧕߇⊓႐ߔࠆߩߪ㨬ᇾขࠅ‛⺆㨭ߩ߽߁৻ߟߩࡧࠔ࡚ࠛࠪࡦߢ ࠅߩဳߩߎޔઍ⊛ߥ߽ߩߦߪ࠻ࠬ࠲ࡦ‛⺆߇ࠆߩߎޕ㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ߣ߁ ဳߢߪޔᇾขࠅ‛⺆ߩ㨬ᦨᒝߩ↵ߣᦨ߽⟤ߒᅚ㨭ߣ߁ᴺೣࠍ⎕ࠅߥ߇ࠄ߽᳞ᇕࠍᚑ┙ߐߖߡߒ ߹߁ὐߦ߭ߕߺ߇↢ߓߡࠆ⌀ޕታߣ߆ߌߩਇ৻⥌ߣ߁ᖤ߇ߐࠇࠆဳߛߣ⸒߃ࠆߛࠈ ߁ޕ 6WURKVFKQHLGHU 3HWHU (LQIDFKH 5HJHOQ ± NRPSOH[H 6WUXNWXUHQ (LQ VWUXNWXUDQDO\WLVFKHV([SHULPHQW ]XP Ä1LEHOXQJHQOLHG³ ,Q +DUPV:ROIJDQJ 0OOHU-DQ'LUN KJJ 0HGLlYLVWLVFKH.RPSDUDWLVWLN )HVWVFKULIW IU)UDQ]-RVHI:RUVWEURFN]XP*HEXUWVWDJ6WXWWJDUW/HLS]LJ6 +DXJ:DOWHU+|ILVFKH,GHQWLWlWXQGKHURLVFKH7UDGLWLRQLP1LEHOXQJHQOLHG,Q6WUXNWXUHQDOV6FKOVVHO ]XU:HOWNOHLQH6FKULIWHQ]XU(U]lKOOLWHUDWXUGHV0LWWHODOWHUV7ELQJHQ6+LHU6II චᐕᓟߪ࠻࡞ࡅࡦࡘࡊޔਇᱜࠍߡฬࠍ࿁ᓳߒ⥄ޔಽߎߘᮭജߩᦨ㜞ߦ┙ߣ߁ ߣ㗿ߞߡ㙺ኃࠍߒޔਔ⚵ߪౣ߮ࡧࠜ࡞ࡓࠬߢ߃ࠆߩ߳ࠬࡓ࡞ࠜࡧߩߎޕᓙߪߐ߹ޔ ߦ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩᆎ߹ࠅߢࠆޔߡߟ߆ޕ᭴ㅧ߇ⷐ᳞ߒߡߚߦ߽߆߆ࠊࠄ ߕ⊒߇࿁ㆱߐࠇቮษࠅߦߐࠇߡߚ㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ߩᖤߩ⧘ߪߢߎߎޔᮭ ജ㑵ࠍࡧࠖࡧࠖ࠶࠼ߦߔࠆ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩဳߩ⊓႐ߦࠃߞߡߩ᧪ᧄޔ ዷ㐿ࠍߖᆎࠆߩߛࠍߺߕ߭ޕౝ൮ߔࠆࠣࡦ࠹࡞ߩ⚿ᇕߩ⌀⋧ߪࠢߣ࠻࡞ࡅࡦࡘࡊޔ ࠛࡓࡅ࡞࠻ߩญ⺰ߩ⚿ᨐߩⴐޔ㕙೨ߢࠄ߆ߦߐࠇࠆߩ࠻࡞ࡅࡦࡘࡊߣ࡞࠹ࡦࠣޕ ⚿ᇕߩ⛮⛯ߩߎߡߒߘޔੑੱࠍ₺ߣᚬߊࡉ࡞ࠧࡦ࠼ߩካߩߚߦߪᦨޔᒝߩ↵ࠪࡈ ࠻ߩሽߪ߽ߪ߿⸵ߐࠇߥ߽ߩߣߥࠆޕ ਃߟߩቯဳ ߟߩቯဳߩ ቯဳߩᷙ ᷙ ߹ߕޔ೨✬ߩ╭ࠍᡰ߃ߚቯဳߦߟߡᢛℂߔࠆߣޔએਅߩࠃ߁ߦߥࠆޕԘࠪࡈ࠻ࠍ ਥੱߣߔࠆ㨬ᇾขࠅ‛⺆㨭ߪޔԙࠣࡦ࠹࡞ࠍਥੱߣߔࠆ㨬ഥߌᚻߦࠃࠆᇾขࠅ‛⺆㨭ࠍౝ ൮ߔࠆ᭴ㅧ৻⇟ᄖߩᨒࠍߥߒߡࠆ߇ߛޕԙࠣࡦ࠹࡞ߩ⚿ᇕߪ᭴ㅧ߭ߕߺࠍᛴ߃ߡ ߅ࠅߪߺߕ߭ߩߎޔԚ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩᒻࠍ୫ࠅࠆߢ⓭⎕ญࠍᓧࠆ⚿ߩߎޕ ᨐߪ࠻ࡈࠪޔᲕߐࠇޔԘߩ㨬ᇾขࠅ‛⺆㨭ߪઁߩ‛⺆ߩ⺰ℂߩ‶†ߣߥߞߡᝂ᛬ߔࠆޕ ߥ߅ࠄࠇߎޔਃߟߩ‛⺆ߩቯဳߩ⛊ߺวߦ㑐ߒߡౕߩߘޔ⊛ߥ╭ࠍਥዉ⊛ߦផㅴߒߚ ߩߪࡂࠥࡀߢࠆޕ ㆮߐࠇߚࠢࠛࡓࡅ࡞࠻ߪ㨬ᇾขࠅ‛⺆㨭ߩᴺೣߦᓥߞߡᦨ㜞ߩ↵ࠪࡈ࠻ߣᱜᒰߦ⚿ ߫ࠇߚ₺ᅥߢࠅޔᓐᅚߪఱࠣࡦ࠹࡞ߩ᳞ᇕ‛⺆ߩ߭ߕߺߩ‶†⠪ߢࠆߩઁߡߞࠃޕ㨬⎕ Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩᅚᕈ㆐ߣߪ⇣ߥࠅޔᓐᅚߦߪᗌߩਛߢᱫߧℂ↱߽ⴊߚ߹ޔᣖ ߩరߦᚯߞߡᓐࠄߣ⺞ߔࠆℂ↱߽ߥޕᱜ⛔ߥ㨬ᇾขࠅ‛⺆㨭ߩਥੱߢࠆࠢࠛࡓࡅ ࡞࠻ߪޔ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߦࠃߞߡ⚿ᇕࠍ⎕უߐࠇߚᓟ߽ޔᲕߐࠇߚᄦ߳ߩ⽵▵ ࠍࠆኦᇚߣߥߞߡ↢߈⛯ߌࠆߩߛߩߎޕᄦ߳ߩᗲªWULXZH©ࠁ߃ߩᓳ⼦ᔃߪߣ࡞࠹ࡦࠣޔ ࡊࡘࡦࡅ࡞࠻ߩ⚿ᇕߦ㑐ߔࠆ╙ ߩ߭ߕߺ߇⸃ᶖߐࠇࠃ߁ߣߔࠆ㓙ߦ↢߹ࠇߚ╙ ߩ߭ ߕߺޕ߁ࠈߛࠆ߃⸒ߣޔ ߎ߁ߒߡ╙ ߩ߭ߕߺࠍ⸃ᶖߔߴߊᓟ✬߳ߣ‛⺆ߪ⛮⛯ߐࠇ࠷࠶ࠛߪ࠻࡞ࡅࡓࠛࠢޔ ࠚ࡞ߩᆄߣߥࠆࠍ⺆‛ޔߒߛߚޕផㅴߔࠆߩߪࠢࠛࡓࡅ࡞࠻ߩࠪࡈ࠻߳ߩᗲªWULXZH© ߣᖤߒߺߢࠅޔ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩ᭴ㅧߦቯࠄࠇߡࠆㇱᣖ㑆ߩ㑵ߣ߁ ࠹ࡑߪߎߎߦߪή⚿ߩߣ࡞ࠚ࠷࠶ࠛޕᇕ߽ࡈࡦᣖߣࡉ࡞ࠧࡦ࠼ߩᲕᚧ߽ߩ╭ޔߢ ߪߩ࠻ࠕޡ৻ߣޢᱴߤหߓࠃ߁ߦ߃ࠆ߇ޔ ߩࡦࠥࡦ࡞ࡌ࠾ޡߩޢᓟ✬ߩਥ㗴ߪ +DXJHEG1RUPDWLYHV0RGHOORGHUKHUPHQHXWLVFKHV([SHULPHQW+LHU6 㨬ࡈࠖࡦ࠭ࡉ࡞ࡈߩᚢ㨭ߢ₺ᅥߪ࿖ࠕࠗ࡞ࡦ࠼ߦᏫ࿖ߩ࠻ࠕޡޕߪࡦ࡞࠭ࠣߢޢችᲚ ߦἫࠍߞߡᱫߧ₺ߪߢޢࡦࠚ࠙ࡦࡉޡޕᅥߪ࿖߳ߩᏫ࿖ߩㅜߢᱫߧޕ ߊ߹ߢ߽ᄦࠪࡈ࠻ߩᲕኂ⠪ߦኻߔࠆᓳ⼦ߢࠅޔੑຠߩౝታߪోߊ⇣ߥࠆ߇ߛޕ ߘ߁ߢߞߚߦ߽߆߆ࠊࠄߕߩ⚳ᦨޔච▵ࠅޔᲕᚧߩᦨᓟߩዪ㕙ߦ⥋ࠆߣޔ ࡞ࡌ࠾ޡ ࡦࠥࡦߩ߽ߦޢቯဳߩ࠹ࡑ߇ಝ❗ߐࠇߚฎࡕ࠴ࡈߢࠆቲߩⷐ᳞ª+RUWIRUGHUXQJ© ߇ࠇࠆߩߛߩ࠻࡞ࡅࡓࠛࠢޕᄦ߳ߩᗲªWULXZH©ߣ߁േᯏߪᦨᓟߦ⓭ὼᝥߡࠄࠇߚ߆ ߩࠃ߁ߦ߃ࠆޔߚ߹ޕᓳ⼦ߐࠇࠆߴ߈㇎ᖡߥᲕኂ⠪ࡂࠥࡀߦߪޔ ߩ࠻ࠕޡ࠽ࡦࠣߩޢ ࡞ߣหߓ⧷㓶ߩᱫ߇ਈ߃ࠄࠇߚ߆ߦ߃ࠆޕ ߥߗªWULXZH©ߣ߁⁛⥄ߩ࠹ࡑࠍᣂߒߊᜬߞߡߚߪߕߩߩࡦࠥࡦ࡞ࡌ࠾ޡޔߦޢ 㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭߇ᜬߟવ⛔⊛ߥ࠹ࡑ߇ᚯߞߡߊࠆߩߛࠈ߁߆㧫 㨬ቲߩⷐ᳞㨭 ⷐ᳞㨭ߣ߁ࡕ࠴ࡈ ߣ߁ࡕ࠴ࡈ߇߽ߚࠄߒߚ ࡕ࠴ࡈ߇߽ߚࠄߒߚਇᢛว ߇߽ߚࠄߒߚਇᢛวߣ ਇᢛวߣ⸃㉼ ⸃㉼ 㨬ෂ㒾ࠍ⍮ࠅߥ߇ࠄ߃ߡᓙߦᔕߕࠆ⧷㓶㨭ޔ㨬ቲߩⷐ᳞㨭ޔ㨬ቲߩⷐ᳞ࠍᜎุߔࠆࡉ࡞ ࠧࡦ࠼ߩ⧷㓶㨭ޕ ߩࡦࠥࡦ࡞ࡌ࠾ޡߩޢᓟ✬ߦߪޔ ߩ࠻ࠕޡࠇߎߚߡࠇࠊ⻦ߦޢ ࠄߩࡕ࠴ࡈ߇ߚߣߎࠈᱴߤߘߩ߹߹ᒁ߈⛮߇ࠇߡࠆࠃ߁ߦ߃ࠆޕ ߛ߇೨ㅀߩㅢࠅޔ ߩࡦࠥࡦ࡞ࡌ࠾ޡߩޢᓟ✬ߩ╭ࠍផㅴߒߡࠆߩߪࠢࠛࡓࡅ࡞࠻ߩᄦ߳ߩᗲ ªWULXZH©ߢߞߚߩߛ߆ࠄޔવ⛔⊛ߥ㑵ߩ࠹ࡑࠍߔࠆࡕ࠴ࡈߪฃߌࠇ㔍߆ߞ ߚߪߕߢࠆߩ࡞࠹ࡦࠣޔࡀࠥࡂޔ࠻࡞ࡅࡓࠛࠢߕ߹ޕਃੱߩ⊓႐ੱ‛ߩ⸒േࠍㄡࠅޔ ߘߩᓟߎߩ㗴ߦ㑐ߒߡవⴕ⎇ⓥ߇ߤߩࠃ߁ߥ⸃㉼ࠍ␜ߒߡ߈ߚ߆ࠍෳᾖߒߡ┙ߩ⺰ᧄޔ ߜ⟎ࠍ⠨߃ߚޕ ࠢࠛࡓࡅ࡞࠻ߣ ࠢࠛࡓࡅ࡞࠻ߣࡂࠥࡀ ࡂࠥࡀ ̆㝩ᅚߣ 㝩ᅚߣᔘ⤿ޔ ᔘ⤿ ߪࠆޔWULXZH ߥᆄߣᘟߥ ᘟߥ↵߆̆ ࡉ࡞ࠧࡦ࠼ߩᴚ⪭ࠍ⸘↹ߒޔቲࠍⷐ᳞ߔࠆߩߪޔ ߩࡦࠥࡦ࡞ࡌ࠾ޡ࠻ࠕߪߡ߅ߦޢ 㧔ࠛ࠶࠷ࠚ࡞㧕ߢߪߥߊࠢࠛࡓࡅ࡞࠻ߢࠆޕᓐᅚߪᦨ⚳⊛ߦߪࡂࠥࡀࠍᲕߔ߽ߩߩޔ ߘࠇߪቲࠍㆶߒߡࠍഥ߆ࠆ߆ޔᲕߐࠇࠆ߆߁ߣޔੑᛯߩⷐ᳞ߦኻߒߡࡂࠥࡀ߇೨⠪ ࠍᜎุߒߚ⚿ᨐߢࠅ⋡᧪ᧄޔᜰߐࠇߚߪߕߩᓳ⼦ߩᒻߢߪߥߩ࠻࡞ࡅࡓࠛࠢߩߎޕ ⴕേߩਇน⸃ߐߦ⺰ℂࠍ᳞ࠃ߁ߣߔࠆߣࠅߚߒߐޔએਅߩੑㅢࠅߩᣇ߇ࠅᓧࠆߛ ࠈ߁ࠅ߿ߩࡀࠥࡂߣ࠻࡞ࡅࡓࠛࠢߕ߹ޕขࠅࠍሼ⟵ㅢࠅߦᝒ߃ࠆ႐วޔᓐᅚߪ⥄ಽ߇߆ ߟߡᚲߒߚ㤛㊄߳ߩၫ⌕ࠁ߃ߦࡂࠥࡀߦߘߩㆶࠍⷐ᳞ߒߡߟ߆ߪߦߚߩߘޔ⸃ߩ 㧔ªVXRQH©㧕ࠍ⚿ࠎߛ⡺ⷫࠣࡦ࠹࡞ߩᲕኂߐ߃ߣࠊߥޟ㝩ᅚªYkODQGLQQH©ޠ 㧔% %㧕ߣߥߞߚ߇ߣߎ⺒ߣޔ᧪ࠆ৻ޕᣇ⽎ߦⵣߩ⪲⸒ޔᓽᕈࠍ┙ߜ߇ࠄߖߡߺࠆ ߣޔ㨬ቲߩⷐ᳞㨭ߪ⽵▵ߥࠢࠛࡓࡅ࡞࠻ߩ߈ᄦ߳ߩᗲߩߩ߳ࡀࠥࡂߪࠆޔᒢഷ ߣࠆ߇᧪ࠆޕ ᢓ߃ߡᱫߦߡᦨᦼߦߪቲߩⷐ᳞ࠍᜎุߒ৻ޔᣖߩቲߣฬࠍࠆ⧷㓶ߪ࠽ࡦࠣޔ ࡞㧔ࠣࡦ࠹࡞㧕߆ࠄࡂࠥࡀ߳ߣ⒖േߒޔਔ⠪ߩᓎ࿁ࠅߪ឵ߐࠇߡࠆޔߢߎߎߪࡀࠥࡂޕ ຠㅢߒߡ৻▵ߦ߅ߡߒ߆㧔%㧕⺆ࠄࠇߡߥ߆ߞߚ㨬₺ఱᒉߣߩ㨭ࠍℂ↱ߦޔ ⷐ᳞ࠍᜎ⛘ߔࠆߪ⸒⊒ߩߎޕਥำ߳ߩᔘᔃࠁ߃ߩ⸒േߥߩ߆߳࠻࡞ࡅࡓ߽ࠛࠢߣࠇߘޕ ߩᖡᗧ߆ࠄᓐᅚࠍᖡᅚߦ┙ߡߍߚ߹ޔหᤨߦ⥄ࠄߩᱫࠍ⟤ൻߒࠃ߁ߣ⿷ហߚ߽ߩߥ ߩ߆ޕᓟ⠪ߢࠇ߫ࡉ࡞ࠧࡦ࠼ߩޟࠅᚻߚࠇߐ⹏ߣޠኅ⤿ߪᦨ⚳႐㕙ߢᄢ߈ߊំࠄ ߋߚ߹ޕ೨⠪ߥࠄ߫₺ޔఱᒉߣࡂࠥࡀߪหߒߡࠢࠛࡓࡅ࡞࠻ߩਇ⋉ࠍ╷േߒߡߚ ߎߣߣߥࠆ₺ޔߦߎߎޕఱᒉߩ⟋ߩήߩ㗴߇ᣂߚߦᶋߔࠆޕ ࠣࡦ࠹࡞ ࠣࡦ࠹࡞ ̆ᆂߦኻߔࠆ⟋ ߔࠆ⟋ߩή̆ ή̆ ࠢࠛࡓࡅ࡞࠻ߪࡂࠥࡀߩᜎุߩℂ↱ࠍ⍮ߞߚᤨߩ࡞࠹ࡦࠣޔᲕኂࠍහᐳߦߕࠆޕ⡺ ⷫߢࠅߚ߹ޔ⸃ߩªVXRQH©ࠍ⚿ࠎߛߦ߽㑐ࠊࠄߕޔᓐᅚߪోߊᔃࠍੂߐߥޔߚ߹ޕ ࠣࡦ࠹࡞ߩᱫߦ᭽ߦߪ৻▵ಽ߽ഀࠅᒰߡࠄࠇߕ㧔% 㧕 ޔቲߩ⒁ኒ߇ࠄࠇࠆߦ ╉ߺࠍᶋ߆ߴߡᱫࠎߛߩ࠻ࠕޡߪߣ࠾ࠣࡋߩޢᄢ߈ߊ᭽⋧߇⇣ߥࠆ⧷ޕ㓶ߩᱫࠍ⺆ࠆ વ⛔⊛ߥឬ౮ᣇᴺ߇ߪߦ࡞࠹ࡦࠣޔᢓ߃ߡណ↪ߐࠇߥ߆ߞߚߩߛޕ ࠣࡦ࠹࡞ߪࠢࠛࡓࡅ࡞࠻ߩᓙߦᔕߕࠆ㓙ޔ⸃ߩࠁ߃ߦ⥄ಽ㆐ߩりߪోߛߣ ⸒߁₺ߚ߹ޕᒉੑੱ߽ߩ⺜ⷫߩߣ࠻࡞ࡅࡓࠛࠢޔή߿⋉㑐ଥ߇ࠊࠇࠆዪ㕙ߦ߅ ߡߪᏱߦޔᓐᅚߩᣇߣߒߡᝄࠆ⥰ޔᢜⷞߔࠆࡂࠥࡀࠍᛕ್ߔࠆޕᓐࠄߩߎࠇࠄߩ ⊛ߥ⊒⸒ߛߌߦᵈ⋡ߔࠇ߫ޔᓐࠄߦߪ⟋ߪߥߊᦨߪ࠻࡞ࡅࡓࠛࠢޔᓟ⸃ߩªVXRQH© ࠍ⎕ࠆ⟋ࠍ‽ߒߩࠈߎߣ߁⸒߇ࡅ࠻ࠖ࠺ޔ㨬㝩ᅚ㨭ߣߥߞߡࠣࡦ࠹࡞ࠍᲕኂߒߚߣ߁ ᣇ߽ᚑࠅ┙ߟߛࠈ߁ߦⵣߩ⸒⊒ߥ⊛ߩࠄࠇߎޔ߇ߛޕ㓝ߐࠇߚ⚦߆⸒േࠍࠢࡠ࠭ ࠕ࠶ࡊߔࠆߣޔ᭽ሶߪᄢಽ⇣ߥࠆߦ╷ߩࡀࠥࡂߪ࡞࠹ࡦࠣޕᓥߩߎߦߐ߹ޔ⸃ߩ ߦࠃߞߡ࠾ࡌ࡞ࡦࠥࡦߩቲࠍࡉ࡞ࠧࡦ࠼ߦᓧߐߖߚߩߢࠆߒޔ㨬྾ੱߩ㨭ߦ߅ߡ ₺ఱᒉߪࡂࠥࡀߣᱠߺࠍឥ߃⢻േ⊛ߦᓐᅚߩਇ⋉ࠍផߒㅴߚߩߢࠆߚߞߛޕᢜኻ ߪߖߕߣ߽ޔᏱߦ⥄ಽߩࠍ᳞ᆂߩਇ⋉ߣߥࠆⴕേࠍߣߞߚࠣࡦ࠹࡞ߦ⧷㓶ߩᱫߪ⋧ ᔕߒߊߥߊߪߦ࠻࡞ࡅࡓࠛࠢޔఱࠍᲕኂߔࠆℂ↱߇චಽߦਈ߃ࠄࠇߡࠆࠃ߁ߦ߽ᕁࠊ ࠇࠆޕ ߩࡦࠥࡦ࡞ࡌ࠾ޡߡ߅ߦޢೋߡࠇߚࡕ࠴ࡈߢࠆน⢻ᕈ߇⠨߃ࠄࠇࠆߩ࠻ࠕޡޕ ߪߢޢఱᒉߣߐࠇࠆࠣࡦ࠹࡞ߣࡂࠥࡀߛ߇ߩࡦࠥࡦ࡞ࡌ࠾ޡޔ✼ⴊߪߢޢ㑐ଥߪߥޕ %,FKEULQJH]DQHLQHQGHV{VSUDFKGD]HGHOZvS G{KLH]VLLUEUXRGHUQHPHQGHQOvS PDQVOXRFLPDEGD]KRXEHWELGHPKkUHVLH]WUXRF IUGHQKHOWYRQ7URQHJHG{ZDUWLPOHLGHJHQXRF ߪߢޟ⌕ࠍߟߌ߹ߒࠂ߁ߣޠ㜞⾆ߥ₺ᅥߪ╵߃ߚߡߒߘޕఱߩࠍขࠆߎߣࠍߓߚࡦࠣޕ ࠹࡞ߪ㚂ࠍ⪭ߣߐࠇߩߘߪ࠻࡞ࡅࡓࠛࠢޔ㜬ࠍߟ߆ࠎߢߘࠇࠍ࠻ࡠࡀࠥߩാ჻ߩ೨ߦᜬߞߡ߈ ߚߩࡀࠥࡂޕགྷ߈ߪ㕖Ᏹߥ߽ߩߢߞߚޕ ࡂࠥࡀ߇ቲࠍ⇛ᅓߒߚ㓙ߣߩ࠻࡞ࡅࡓࠛࠢߚ߹ޔᓙߦᔕߕࠆ߆ุ߆ߩ⼏⺰ߩਛߢޕ ఱᆂߩ⸃ߩߣ₺ఱᒉ྾ੱߦࠃࠆߣ߁㧔 ߩ࠻ࠕޡߚߞ߆ߥߪߦޢ㧕ੑߟߩ ᄾ⚂㑐ଥ߇೨✬ߦ⟎߆ࠇߚߎߣߦࠃߞߡޔ ߩࡦࠥࡦ࡞ࡌ࠾ޡߩޢቲߩⷐ᳞ߪන⚐ߥㇱᣖ 㑵ߩේℂߣ⇣ߥࠅ⚿ޔวଔߩ㜞ⶄ㔀ߥ߽ߩ߳ߣ⊒ዷࠍㆀߍߡࠆࠍࠄࠇߘ߇ߛޕ⠨ኤ ߒߡ߽ߩ࠻࡞ࡅࡓࠛࠢޔᄦ߳ߩᗲªWULXZH©ߣ߁ᣂߒਥ㗴ߣޔቲߩⷐ᳞ߣ߁ฎਥ 㗴ߩᓳᵴߩ㑐ଥߪ߹ߛ⺑᧪ߥޕ వⴕ⎇ⓥߪߤߩࠃ߁ߥ⸃㉼ࠍⴕߞߡ߈ߚߩߛࠈ߁߆ޕ ߎࠇ߹ߢߩ⸃㉼ ߎࠇ߹ߢߩ⸃㉼ߣ ⸃㉼ߣᓟߩ ᓟߩᣇะᕈ ᣇะᕈ -DQ'LUN 0OOHU ߪޔญᛚᢥቇߦߪ⥄↱ޔᄙ⟵ᕈ߇⸵ߐࠇߦ‛ࠆࠇ߆ᦠޔ᳞ࠄࠇࠆࠃ߁ ߥ৻⟵ᕈ㨯ᢛวᕈ߇ᄙዋᰳ⪭ߒߡߡ߽ᦶ⹗ߩ㓙ߩᾲ⁅߿ᔓළߦࠃߞߡࠆ⒟ᐲࠊࠇޔ 㗴ߣߥࠄߥߣ⠨߃ࠆޕᓐߦࠃࠇ߫ޔ+RUWIRUGHUXQJ ߩ⸒⪲ߪ߆ߌߩ↳ߒ㧔6FKHLQDQJHERW㧕 ߦㆊ߉ߕ߽ߦ⪲⸒ߩࡀࠥࡂ߽ߦ⪲⸒ߩ࠻࡞ࡅࡓࠛࠢޔੑ⟵ᕈ㧔'RSSHOVLQQLJNHLW㧕߇ࠅޔ ੑੱߪ⋧ᚻߩ⊒⸒ߩᗧࠍ⥄ಽߦߔࠆࠃ߁ߦ⸃㉼ߒߡ⸒⪲ࠍߒߚߡߒߘޕੑੱߘࠇ ߙࠇߩ┙႐ߢߘࠇߙࠇߩൎࠍᓧࠆߪੱޕญᛚવᛚߩ․ᕈࠍ↪ߒ⟵৻ޔᕈࠍ߃ߡㅊ ⓥߖߕߦ♖✺ߥ߹ߐ㧔SUl]LVH8QVFKlUIH㧕ࠍᱷߒߚߩߢࠆޕᄙ⟵ᕈߪࡒࠬߢߪߥߊޔ ⸘▚ߐࠇߚߢࠅޔญᛚᕈߪᮨ୮ߐࠇߚᛛᴺߢࠆߡߞࠃޕ⍦⋫ࠍᛴ߃ࠆߣߒߡࠊࠇ ߡࠆ▎ᚲߩ⸒⪲߽߹ߚޔߊߥߪߢߡߒߣߩ߽ߥ⊛⟵৻ޔᄙ⟵⊛ߥ߽ߩߣߒߡ⸃㉼ߔߴ߈ ߥߩߛޕߣޔ 0OOHU ߩ㨬ੑੱߩ⸒⪲ߩᚢ㨭⺑ߪ ᐕ߶ߤ೨ߦ :HUQHU6FKU|GHU߇ᣢߦ⠨߃ߚ߽ߩߢ ߞߚޕᓐߪ߈⚦߆ߊੱ‛ߩᔃℂ߿⺰ℂࠍᬌ⸛ߒ࠻ࠖ࠺ࠍࡀࠥࡂߪ࠻࡞ࡅࡓࠛࠢޔ ࡅࠄߩ೨ߢ⾇⥄Ꮖᱜᒰൻࠍ⋡ᜰߒߚ߇╷ࠅࠃߪࡀࠥࡂޔ჻ GHU EHVVHUH 5HFKQHU ߢࠅޔ ⚿ዪᓐᅚߩᣇ߇㤛㊄᰼ࠁ߃ߦఱࠍᲕኂߔࠆ⠪ߣߒߡ⾇ࠄࠇߡࠆޕߚߌߠ⺰⚿ߣޔ 6FKU|GHU ߇ᓟߩ 0OOHU ߣ⇣ߥߞߡߚߩߪޔᓐ߇࠹ࠢࠬ࠻ౝߩ⺰ℂߦ⇐߹ࠅߩੱߛᧂޔ ᗧ࿑߿⸘▚ߪࠆޔญᛚߣᦠ⸥વᛚߩ㑐ଥ߿᭴ㅧߩᬌ⸛ߣߞߚࡔ࠲࠹ࠠࠬ࠻ߥ㗴ᗧ ⼂ࠍᜬߞߡߥ߆ߞߚߢࠆޕ ╭ߦ⺰ℂ⊛ᢛวᕈࠍਈ߃ߡ⸃㉼น⢻ߣߒߚ 6FKU|GHU ߦኻߒޔ+DQV.XKQߪࡅࡓࠛࠢޔ ࡞࠻ߩᓳ⼦ߪቲߩⷐ᳞ª+RUWIRUGHUXQJ©ߦࠃߞߡ㗐ᝂߒߚߩߢࠅߪ╭ޔ⎕✋ߒߡࠆߣ ߁┙႐ߦ┙ߟߡ߃ࠍࡈ࠴ࡕߩߎߡߒߘޕ㧔㒰ࠆߪࠄ߆ߩᡷᄌࠍട߃ࠆߎߣߥ ߒߦ㧕ណ↪ߒߡࠢࠛࡓࡅ࡞࠻ࠍᄢᲕᚧࠍᒁ߈ߎߔᖡᅚߦ┙ߡߍߚὐߢ౮ᧄ % ࡧࠔ ࡚ࠫࡦߪ፣უߒߡࠆ㧔IUFKWHUOLFK㧕 ุߣޔቯ⊛ߥ⹏ଔࠍ␜ߒߚ߇ߛޕࠃࠅ .XKQ ߇⎇ ⓥผߩߢォ࿁ࠍᚑߒߚߩߪޔᓐ߇ᧄ႐㕙ߦ㑐ߒߡ %& ࡧࠔ࡚ࠫࡦ߇⇣ߥࠆឬ౮ࠍߒ 6FKU|GHU:HUQHU1LEHOXQJHQOLHG6WXGLHQ6WXWWJDUW6a HEG6 .XKQ +DQV 'HU7HXIHO LP 1LEHOXQJHQOLHG =X *XQWKHUV XQG .ULHPKLOGV7RG ,Q 5XSS +HLQ] +UVJ 1LEHOXQJHQOLHGXQG.XGUXQ'DUPVWDGW6 HEG6 ߡࠆࠍᜰ៰ߒޔ ޡຟ߿ޢ౮ᧄ & ࡧࠔ࡚ࠫࡦߩ⎇ⓥߩᔅⷐᕈࠍਥᒛߒߚߎߣߢࠆޕ -RDFKLP+HLQ]OH߽߹ߚᧄޔ႐㕙ߦ⟎ߡ╭ߩ৻⽾ᕈߪࠄࠇߕޔ% ࡧࠔ࡚ࠫࡦߩ⸃ ㉼ߩน⢻ᕈ㧔$XVOHJXQJVUDXP㧕ߪ㕖Ᏹߦᐢߣ⠨߃ࠆ㉼⸃ߩߎ߇ߛޕน⢻ᕈߪㄭઍᢥቇߩ ࠃ߁ߦੱ߇ᗧ࿑⊛ߦࠅ⟎ߚ߽ߩߢߪߥߊ/|FKHUGHU7H[WHߢࠅޔ ᰳ⪭ߛߣ⠨ኤߔࠆޕ ߚߛߒ ޔ♿ߩᢥቇߦߪ৻⽾ᕈ߿⺰ℂࠍߘ߽ߘ߽᳞ࠆߴ߈ߢߪߥߊߣࠄ߆ߛߚ߹ޔ ߞߡ⺰ⓥࠍਛᱛߔࠆߩߢ߽ߥߊޔ౮ᧄ & ߿ .ODJH ߦ߽⋡ࠍะߌᐢⷞ㊁ࠍᜬߞߡ⠨ኤࠍㅴ ࠆߴ߈ߛߣ +HLQ]OH ߪ⸒߁ߡߒߘޕ౮ᧄ % ࡧࠔ࡚ࠫࡦ߇ᣢߦหᤨઍߦ߅ߡ⟵⊛ߦ ⇼⹖ߐࠇߡߚน⢻ᕈ߽ࠆ⎇ߣޔⓥߩᣂߚߥᣇะᕈࠍ␜ໂߒߚޕ %DUWVFKGH%RRU ߦࠃࠆ౮ᧄ % ߩ࠹ࠢࠬ࠻ࠍਛᔃ⊛ߦᛒ߁ᩞ⸓ ߪ ޔᐕઍએ㒠ᣣߦ⥋ ࠆ߹ߢᐩᧄߣߐࠇߡࠆⶄߪޔ߇ߛޕᢙߩࡧࠔ࡚ࠫࡦߩ࠹ࠢࠬ࠻ࠍෳᾖߔࠆߘޔ ߒߡ࠻ࠬࠢ࠹ߩޘߩ㗴ߩ⸃㉼ࠍⴕ߁ߩߣหᤨߦຠߩᕈᩰ᭴ㅧߦ㑐ߔࠆ⹏ଔࠍቯ ࠆ߇᳞ࠄࠇߡࠆޕ ౮ᧄ & ࡧࠔ࡚ࠫࡦߣ ࡧࠔ࡚ࠫࡦߣ౮ᧄ % ࡧࠔ࡚ࠫࡦߩ ࡧࠔ࡚ࠫࡦߩ㑐ଥ 㑐ଥ ౮ᧄ $%&ߩ߁ߜߤࠇ߇ߩࡦࠥࡦ࡞ࡌ࠾ޡ߽ᦨߦ࡞࠽ࠫࠝߩޢㄭ㑐ଥߦࠆ ߆߁ߣޔ㗴ߪ ޔ♿ࠍㅢߒߡ㐳ߊ⺰ߓࠄࠇߚ ߡߒߘޕᐕߦ :LOKHOP %UDXQH ߇ ౮ᧄ % ࡧࠔ࡚ࠫࡦࠍࠝࠫ࠽࡞ߦᦨ߽ㄭ߽ߩߣߔࠆ♽⛔࿑ߩ⺰ࠍ⊒ߒߘࠇ߇ࠦࡦ ࡦࠨࠬࠍᓧߚᓟߪ ޔᐕઍ߹ߢޔ౮ᧄ % એᄖߩ౮ᧄߩ࠹ࠢࠬ࠻ߦ㍈ߊ⎇ⓥߩ⋡߇ะߌ ࠄࠇࠆߎߣߪᱴߤߥ߆ߞߚ ߪⷰ࠻ࠬࠢ࠹ߥ߁ࠃߩߎޕ+HOPXW %UDFNHUW ߇ ᐕߦ ߐ ࠇߚඳ჻⺰ᢥߦ߅ߡߩࡦࠥࡦ࡞ࡌ࠾ޡߩߟ৻ߪޢේೋဳࠍᜬߟ̌IHVW̌ߥຠߣߺࠆ ߴ߈ߢߥߊޔવᛚ⁁ᴫߪ߽ߞߣⶄ㔀ߛߞߚߣਥᒛߒߚ㗃߆ࠄᄢ߈ߊᄌൻߔࠆߟ৻ࠆޕ ߩቯ⊛ߥᮭᆭࠍᜬߟේဳ߆ࠄోߡߩࡧࠔ࡚ࠫࡦ߇ᵷ↢ಽጘߒޔ౮ᧄ % ߩ࠹ࠢࠬ࠻߇ߘ 㧔หߓ⚛᧚ࠍ㘃ૃ ߩߥ߆ߢᦨ㜞ߩଔ୯ࠍᜬߞߡࠆߣ߁⼂ߪᡷࠄࠇߚޔߒߛߚ ޕ +HLQ]OH -RDFKLP *QDGH IU +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 0LHUIROJ RGHU 9XOJDWD" =XU %HGHXWXQJ GHU &9HUVLRQ LQ GHU hEHUOLHIHUXQJ GHV ³1LEHOXQJHQOLHGV´,Q&KLUFD0DUN+HLQ]OH-RDFKLP<RXQJ&KULVWSKHU+JJ%OWH]HLW)HVWVFKULIWIU/ 3HWHU-RKQVRQ]XP*HEXUWVWDJ7ELQJHQ6+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ᄙߊߩੱߦࠃߞߡ᭽ߥޘ౮ᧄࡧࠔ࡚ࠫࡦ߇ߦ㑐ଥߒ วࠊߕߦ⁛┙⊛ߦ↢߹ࠇߚߣ߁⺰ߦߟߡߪᒰೋ߆ࠄ⇣⺰߇߇ߞߚ⽾৻ࠆޔߦ․ޕ ߒߚ᭴ᗐߩ߽ߣߦ▵ߩㅊട߿ᡷᄌ߇ⴕࠊࠇߚ౮ᧄ& ߦߟߡߪޔ ഃㅧ⊛ߥ৻ੱߩੱ 㧔 ࠆߪߘ߁ߒߚ⠪ࠍขࠅᏎߊ৻ߟߩࠣ࡞ࡊ㧕ߩሽࠍᗐቯߔߴ߈ߛߣ⠨߃ࠄࠇߚ ޕ ᄢඨߩ⎇ⓥ⠪ߪࡦࠥࡦ࡞ࡌ࠾ޔવᛚߪࠆᦠ⸥ൻߐࠇߚේဳߦ߅ߡᒻࠍߥߒߚ߇ޔ ߘࠇߪ⊒ߐࠇߡ߅ࠄߕޔෳᾖ᧪ࠆߩߪߘߎ߆ࠄੑߟߦಽ߆ࠇߡߞߚ % ♽⛔ߣ & ♽ ⛔ߩ౮ᧄߢࠆߩ⛔♽ &ޔߡߒߘޕࠆߡߒ⥌৻ߢ⸃߁ߣޔવᛚߪ౮ᧄൻߐࠇࠆࠃࠅ ߆ߥࠅᣧᲑ㓏ߢ % ♽⛔ߩવᛚߦᡷᄌ㧔%HDUEHLWXQJHQ㧕ࠍട߃ߡᚑ┙ߒߚߪߕߛߣޔផ᷹ ߐࠇߡࠆޕ ߹ߚޔ౮ᧄ % ߩᜬߟᐢ⸃㉼ߩน⢻ᕈߦኻߒߡޔ౮ᧄ & ߪน⢻ᕈࠍ㐽ߓ৻ߟߩᣇะߦ ዉߎ߁ߣߒߡࠆ߁ߣޔᣇ߇ᄙߊߩ⎇ⓥ⠪ߦߐࠇߡࠆޔߚ߹ޕ౮ᧄ & ߪޡຟޢ ߩ⻉ࡧࠔ࡚ࠫࡦߣߦߩ╭ޔ⍦⋫ߩ⸃߿㖿ᓞߩ♖✺ൻ߇࿑ࠄࠇߡ߅ࠅߚ߹ޔችᑨ⊛ߢ ࠠࠬ࠻ᢎ⦡߇ᒝߊ ޕࠆߡࠇߐ߽⹏߁ߣޔࠆߡߒ⟋ࠍ࠻࡞ࡅࡓࠛࠢޔવ ᛚ⁁ᴫࠍࠇ߫ޔ ߩࡦࠥࡦ࡞ࡌ࠾ޡࠍޢવ߃ࠆ ߩ౮ᧄߩ߁ߜࡦ࡚ࠫࠔࡧ & ߪ ޔ ߦዻߔࠆ߽ߩ߆ %& ࡧࠔ࡚ࠫࡦߩⶄวߢࠅ ޔ♿ߩ࠾ࡌ࡞ࡦࠥࡦવᛚߦ߅ ߡ & ࡧࠔ࡚ࠫࡦߪ % ࠃࠅ߽ఝߢᄢ߈ߥᓇ㗀ജࠍᜬߞߡߚߎߣ߇ಽ߆ࠆ ߚ߹ ޕ% ࡧࠔ࡚ࠫࡦ߇ޔหᤨᦼߦਗⴕߒߡᒻࠄࠇߡߚ & ࡧࠔ࡚ࠫࡦ߆ࠄㅒߦᓇ㗀ࠍฃߌߚ ߽චಽ⠨߃ࠄࠇࠆޕ ౮ᧄ & ߦሽߔࠆ߇ % ߦߥ⁛⥄ߩ▵㧔ㅊട▵㧕߿ᡷᄌ㗄ߩᄙߊߪࠢࠛࡓࡅ 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-RDFKLP0OOHU-DQGLUN+RIIPDQQ:HUQHU ߥߤޕ +HLQ]OH-RDFKLP7KH0DQXVFULSWVRIWKH1LEHOXQJHQOLHG,Q:0F&RQQHOO+UVJ$&RPSDQLRQWRWKH 1LEHOXQJHQOLHG&ROXPELD6+HLQ]OHHEG6SDVVLP ߘ߽ߘ߽౮ᧄߪ౮ᧄ % ࠃࠅ & ߩᣇ߇వߢࠆޕㅊട▵ޔᡷᄌ▎ᚲߣ⸒ࠊࠇߡࠆߩߪޔ ౮ᧄൻߐࠇࠆએ೨ߩᲑ㓏ߢ&ࡧࠔ࡚ࠫࡦߪ%ࡧࠔ࡚ࠫࡦߦᣂߒᖱႎߩㅊട߿⍦⋫ߩ⸃╬ߩ ᡷᄌࠍട߃ߚߣ߁ᗧ߆ࠄߢࠆޕෳ⠨㧦ࡧࠜ࡞ࡈࡓߩߩ߳࠻࡞ࡕ࡞ߩޢ࡞ࠔࡧ࠴࡞ࡄޡ ⸒ߩㇱಽ 㧔㧕 ߇౮ᧄ & ߩ࠹ࠠࠬ࠻ࠍᗐቯߒߡࠆ߆ࠄߩࡦ࡚ࠫࠔࡧ &ޔવᛚߪ 㗃ߦߪᣢߦሽߒߡߚߣ⠨߃ࠄࠇࠆޕ+RIIPDQQ :HUQHU 1LEHOXQJHQOLHG 6DPPOXQJ 0HW]OHU 6WXWWJDUW$XIO+LHU6 ߘߩࠃ߁ߥ౮ᧄ % ߦή⚛᧚ࠍ & ࡧࠔ࡚ࠫࡦߩવᛚߪޔផ ᷹ߔࠆߦ౮ᧄ % ߩᚑ┙ߦవࠎߓߡሽߒߡߚ㧔ᦠ⸥ൻߐࠇߡߚน⢻ᕈ߽ࠆ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߹ ߚኻߦޔ% ࡧࠔ࡚ࠫࡦ߇ޔหᤨᦼߦਗⴕߒߡᒻࠄࠇߡߚ & ࡧࠔ࡚ࠫࡦ߆ࠄᓇ㗀ࠍฃߌߚ ߽චಽࠅᓧࠆޕ ࡞࠻ߣࡂࠥࡀߦ㑐ߔࠆ߽ߩߦࠃߞߡභࠄࠇߡ߅ࠅ⹏ߩ‛ੱޔଔߦ৻⽾ᕈࠍᜬߚߖࠆ ߥߤޔຠߩ᭴ᚑജࠍ㜞ࠆᎿᄦ߇ߥߐࠇߡࠆ 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᰼߆ࠄࠪࡈ࠻ ߆ࠄࠪࡈ࠻߳ߩ ࠪࡈ࠻߳ߩªWULXZH©߳ ߳ߩ ౮ᧄ %& ߩਔࡧࠔ࡚ࠫࡦߦ߅ߡ࠼ࡦࠧ࡞ࡉߪ࠻࡞ࡅࡓࠛࠢޔߩ⌕ᓟߣᦨ⚳ ႐㕙ߩੑᐲޔቲߩⷐ᳞ª+RUWIRUGHUXQJ©ࠍⴕ߁ޕ౮ᧄ & ߩੱߪ৻ߩߘޔᐲ⋡ߩ႐㕙ߩ⋥ᓟ ߦએਅߩᡷᄌ߿▵ߩㅊടࠍⴕ߁ߡߒߘޕᓐᅚߩ⋡⊛߇㤛㊄ߢߪߥߊࠪࡈ࠻Ვኂߦኻ ߔࠆఘߩⷐ᳞ߢࠆߎߣ߇␜ߐࠇࠆޕ &࠾ࡌ࡞ࡦࠥࡦߩቲߣߘߩᚲ⠪ߩࠍᕁߞߡߣߞߕߪ⑳ޔຟߒᲤᣣ ࠍㅍߞߡ߈ߚߩߢߔޕ &㨬⑳ߪߥߚߦ߽ᜬߞߡ߈ߡߪ߅ࠅ߹ߖࠎޕ㨭ߣࡂࠥࡀߪ⸒ߞߚޕ㨬⑳ ߪ⥄ಽߩᬼߥߤߚߊߐࠎ៤߃ߡ߈ߡ߹ߔߩߎߪߦઁޕ⢵㎸ߥߤߪߩ⑳ޕశࠅ ノߡ߹ߔߩߎߦࠇߘޕᚻߦࠆߪߦߚߥޔᏅߒߍࠆߚߦᜬߞߡ߈ߚ ߽ߩߢߪࠅ߹ߖࠎޕ㨭 &㧔ㅊട▵㧕⑳ߪߐࠄߦ㤛㊄ࠍᓧߚߊߡߎ߁⸒ߞߡࠆߩߢߪࠅ߹ߖ ࠎߦੱߪߦ⑳ޕਈ߃ࠄࠇࠆ߽ߩ߇ߚߊߐࠎࠅ߽ߣߊߥߪ‛ࠅ⿅ߩߚߥޔ᭴ࠊ ߥߩߢߔߩߟߣ߭ޕᲕኂߣ߰ߚߟߩᒝᅓࠍߥߚߪ⑳ߦኻߒߡⴕ߹ߒߚޔ ߘߩ៊ኂߦ㑐ߒߡ⑳ߪఘࠍฃߌߚߩߢߔޕ ╙ ⴕ⋡ߩߩߟߣ߭ޟᲕኂޠ ߩ࠻ࡈࠪߪߣޔᲕኂߢࠆߩߟߚ߰ޟߡߒߘޕᒝ 0LOOHW9LFWRU*HUPDQLVFKH+HOGHQGLFKWXQJLP0LWWHODOWHU(LQH(LQIKUXQJ%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 YLOPDQLJHQWUULJHQWDF &'D]LVWYHUORUQDUEHLW VSUDFKDEHU+DJHQHZLHPRKWHLFKLXLKWEULQJHQ" LFKKDQYLO]H WUDJHQHDQKDOVSHUJHXQGDQVFKLOWH DQPLPHKHOPHOLHKW GL]VZHUWDQPLQHUKHQGH GHVHQEULQJHLFK LXQLHKW ኻᔕߔࠆ % ߣߪዊߐߥ⋧㆑ߪߊߟ߆ࠆޕ & -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࠻ࡈࠪߡߟ߆߇ࡀࠥࡂޔߪߣޠᲕኂߒߚᤨߦᓐߩࡃ࡞ࡓࡦࠢࠍᅓߞߚߣޔ ᓟᦺߩ⿅ࠅ‛ߣߒߡࠪࡈ࠻߇ࠢࠛࡓࡅ࡞࠻ߦ⿅ߞߚ࠾ࡌ࡞ࡦࠥࡦߩ㤛㊄ࠍᅓ ߞߚࠍᜰߒߡࠆޕ ߹ߚޔੑᐲ⋡ߩቲߩⷐ᳞㧔%ޔኻᔕߔࠆߩߪ &㧕ߩ⋥೨ߢޔ౮ᧄ & ߩࠢࠛࡓ ࡅ࡞࠻ߪࠪࡈ࠻ߩߚߩᓳ⼦ࠍᔨߓߡࠆޕቲߘࠇ⥄ߪᓐᅚߩ⋡⊛ߢߥ߆ߞߚ߇ ಽ߆ࠆޕ &ࠢࠛࡓࡅ࡞࠻ߪᕁߞߚޔ ޟᣣߎߘ⑳ߪޔᗲߔࠆᄦߩࠍ⸛ߟߩߛޕ ޠ એߩࠃ߁ߦޔ౮ᧄ & ߩੱߪߩࡦࠥࡦ࡞ࡌ࠾ޔቲࠍ߆ߟߡߩᜬߜਥߢߞߚࠪࡈ ࠻ߩ⽎ᓽߣߒߡᛒߞߡࠆߪ࠻࡞ࡅࡓࠛࠢޕᄦࠍᲕߒߚࡂࠥࡀߦቲߩㆶࠍⷐ᳞ߔࠆ ࠍㅢߒߡޔᓐࠍᒢഷߒ⥄ߚ߹ޔಽߩᄦ߳ߩᗲªWULXZH©ߣᓳ⼦ߩᗧᔒࠍߒߡࠆޕ ԙࠢࠛࡓࡅ࡞࠻ߩ ࠢࠛࡓࡅ࡞࠻ߩᱷᔋᕈߩ ᱷᔋᕈߩ✭ ✭ ࠢࠛࡓࡅ࡞࠻ߪᓳ⼦ߩߚࡉ࡞ࠧࡦ࠼ࠍࡈࡦߩ࿖ߦ߮ነߖࠆޕ ౮ᧄ % ߢߪߘߩ㓙ޔ ᓐᅚߩᱷᔋߐ߇ᒝ⺞ߐࠇޔᖡ㝷ߦໂߐࠇߡ㤛㊄ߩߚߦᄢἴාࠍᒁ߈ߎߔࠢࠛࡓࡅ࡞ ࠻ࠍ࠺ࠖ࠻ࡅߪ㝩ᅚ㧔YkODQGLQQH % &㧕ߣ⸒ߞߚޕ౮ᧄ & ߩੱߪޔᓐᅚߦ ኻߔࠆߘߩࠃ߁ߥ㕖㔍ࠍシᷫߒࠃ߁ߣ⹜ߺޔ౮ᧄ % ߦߞߚ㨬㧔%㧕ᖡ㝷ߪࠢࠛࡓ ࡅ࡞࠻ߦޔᓐᅚ߇ࠠࠬࠍએߡ߆ߟߡ⸃ߒߚࠣࡦ࠹࡞ߣߩ⡺ⷫߩ⺈ࠍ⎕ࠆࠃ߁ໂߒߚޕ㨭 ߣ߁৻▵ߪ㒰ߐࠇࠆޕ ߐࠄߦ౮ᧄ & ߪޔᄢᲕᚧߦ㑐ߔࠆ⽿છ߆ࠄ߽ࠢࠛࡓࡅ࡞࠻ࠍࠇߐߖࠆޕᓐᅚߩᒰೋ ߩ⸘↹ߪࡂࠥࡀ৻ੱࠍᲕኂߔࠆ߽ߩߢߞߚߩߦ৻ߩ࠼ࡦࠧ࡞ࡉ߇ࠇߘޔᣖ㇢ౄߩ⚿วߦ 㒖߹ࠇߚߚߦᚢ߇ỗൻߒߡߒ߹ߞߚߣ⺑ߔࠆߩߛޕ౮ᧄ & ߢߪߎߩ⒳ߩ⟋߇ㅊട ▵ߦ߅ߡਃᐲ➅ࠅߐࠇࠆޕ &㧔ㅊട▵㧕ࠢࠛࡓࡅ࡞࠻ߪࠍㅍࠅߔ೨ߦ⸒ߞߚޕ ޟᓐࠄߦળߞߚࠄ &VLGDKWLFKJHULFKHKLXWH PLQVYLOOLHEHQPDQQHVOLS౮ᧄ % ߢߪ %GHU.ULHPKLOGH UkFKH ZDUWDQLQEHLGHQJHQXRF ࠢࠛࡓࡅ࡞࠻ߩᓳ⼦ߪੑੱߦኻߒߡᨐߚߐࠇߚޕ %,FKZDHQHGHUEHOYkODQW.ULHPKLOGHGD]JHULHW GD]VLVLFKPLWIULXQWVFKHIWHYRQ*XQWKHUH VFKLHW GHQVLGXUFKVXRQHNXVWHLQ%XUJRQGHQODQW GREHJRQGHLUDEHUVDOZHQYRQKHL]HQWUHKHQLU JHZDQW ౮ᧄ % ߢߪࠍੱ৻ࡀࠥࡂޔᓳ⼦ߩኻ⽎ߣߔࠆࠢࠛࡓࡅ࡞࠻ߩ⸘↹ߪޔᣢߦᄙߊߩ߇ᄬࠊࠇ ߚᚢߩᓟ⋚ߢ৻ᐲߛߌㅀߴࠄࠇߡߚޕ㧔% &㧕 &Ç.ULHPKLOWGLVHUHFNHQ KHWHGDQJHVDQW VLVSUDFKRELUVDOV{YLQGHW GXUFKJRWV{VvW JHPDQW GD]LUGkVODKHWQLHPHQ ZDQGHQHLQHQPDQ GHQXQJHWULXZHQ+DJHQHQ GLHDQGHUQVXOWLU OHEHQOkQ ਇታߥࡂࠥࡀએᄖߩ⺕߽Ვߒߡߪߥࠄߥࠍ߆ߌߡᕁߒߥߐޔ ઁߩ⠪ߪ ↢߆ߒߡ߅ߊߩߢߔޕ ޠ &㧔ㅊട▵㧕ࠢࠛࡓࡅ࡞࠻ߪ⸒ߞߚࠍߣߎߩࠅ߹ߦ⑳ߪࡀࠥࡂޟὑߒ ߚߩߢߔޕᓐߪ⑳ߩᗲߔࠆࠪࡈ࠻ࠍᲕߒ߹ߒߚߩઁࠍࡀࠥࡂޕ⠪߆ࠄᒁ߈㔌ߒ ߚ⠪ߦߪ⑳ߩ㤛㊄ࠍਈ߃߹ߔޕ ᓐએᄖߩ⠪ߦᓳ⼦ߔࠆߣߪ⑳ߦߣߞߡᔃ߆ࠄགྷ߆ࠊ ߒߢߔޕ ޠ &㧔ㅊട▵㧕ࠢࠛࡓࡅ࡞࠻ߪߎߩᄢ߈ߥᚢࠍ੍ᦼߒߡߥ߆ߞߚޕᓐ ᅚߪࡂࠥࡀߩࠍߩߺᅓߚ߆ߞߚߩߛޕ ߛ߇ᖡߒ߈ᖡ㝷߇ઁߩోߡߩ⠪㆐ߦ߽ߘ ߁ߥࠆࠃ߁ߦߒߡߒ߹ߞߚߩߛޕ ౮ᧄ & ߩੱߪࠢࠛࡓࡅ࡞࠻ߩᄦ߳ߩᗲªWULXZH©ࠍᒝ⺞ߒޔᓐᅚߩ⋡⊛ߪ㤛㊄ߢߪߥ ߊࡂࠥࡀߦኻߔࠆᓳ⼦ߢߞߚߚ߹ޔᲕᚧߩᄢߦߟߡᓐᅚߦ⽿છߪߥ߆ߞߚߣ߁ ࠍ➅ࠅߒㅀߴࠆޕ ࡂࠥࡀߣ ࡂࠥࡀߣ₺ఱᒉߩ ₺ఱᒉߩ⟋ Ԙࡂࠥࡀ ̆ ࡂࠥࡀߩᡷᄌ̆ ᡷᄌ̆ਥำߦ ਥำߦኻߔࠆਇታ ߔࠆਇታ XQWULXZH̆ ࡂࠥࡀߪᦨᓟߦ㨬₺ఱᒉߣߩ㨭ߦ⸒ߒޔቲߩಣߦߟߡญࠍླྀޕ౮ᧄ % ߩ࠹ࠢ ࠬ࠻ߦߪࡂࠥࡀ߆ࠄߩ࠻ࠕޡ⧷ߥ߁ࠃߩ࡞࠽ࡦࠣߩޢ㓶♖ࠍ⺒ߺขࠆ⢐ቯ⊛ߥ⸃㉼ ߩ߽ᱷߐࠇߡࠆ߇ߛޕ౮ᧄ & ߩੱߪޔªXQWULXZH©ߣ߁⸒⪲ࠍዉߔࠆߦࠃߞ ߡࡂࠥࡀߩੱ‛ࠍ৻᳇ߦ⼱ߦ⓭߈⪭ߣߒߡߺߖࠆޕ &㧔ㅊട▵㧕ࡂࠥࡀߪࠢࠛࡓࡅ࡞࠻߇⥄ಽࠍ↢߆ߒߡ߅߆ߥࠍ⍮ߞ ߡߚࠇߎޕએߩਇታªXQWULXZH©߇ࠆߛࠈ߁߆ޕᓐߪࠢࠛࡓࡅ࡞࠻߇⥄ಽࠍ Ვߒߩߘޔᓟᓐᅚߩఱࠍ࿖ߦᏫߒߡ߿ࠆࠍᕟࠇߚߩߛޕ ߎߩ⚿ᨐߪ⪲⸒ߩࡀࠥࡂޔਥำߩᱫࠍዉߊ߽ߩߣ߁ࠃ⾇ࠍ࠻࡞ࡅࡓࠛࠢߪࠆޔ ⻎ࠆᖡᗧߩࠇߣߒ߆⸃㉼ߢ߈ߥ߽ߩߣߥߞߚޕ &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{JHVFKXRIGHUEHOWLXIHO 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©ߥࡂࠥࡀߢࠆ߇ޔᓟ✬ోࠍᝄࠅ ࠇ߫ޔᓐ߇ࡉ࡞ࠧࡦ࠼ߩᦨᒝߩࠅᚻߢࠆታߪ౮ᧄ & ߦ߅ߡ߽ోߊᓟㅌߒߡ ޕ ߥޕᓐߪߒࠈ౮ᧄ % ߦჇߒߡỗߒߊᣇࠍ㥏⥰ߒߩߘޔ㑵ᔒߪߔߐ߹ߓ㧔&㧕 ߹ߚࡂࠥࡀߣ₺ఱᒉߣߩ⚿วߪࠅࠃޔᒝ࿕ߥ߽ߩߣߥࠆ߫߃ޕ౮ᧄ % ߩࡂࠥࡀߪࠣࡦ࠹ ࡞߇ᧂߛᔃࠍࠄࠇߧ߁ߜߦ⸘↹ࠍផߒㅴߡࠪࡈ࠻Ვኂࠍⴕ߁߇ޔ౮ᧄ & ߢߪߘ ߩࠃ߁ߥࡂࠥࡀߩ⓭߇✭ߐࠇࠆ&ޕ㧔ㅊട▵㧕ߢࠣࡦ࠹࡞ߩਥ⊛ߥᲕኂ㑐ਈ߇ ␜ߐࠇ&ޔ㧔ㅊട▵㧕ߢߪ % ߢߪᲕኂߦోߊ㑐ਈߒߡߥ߆ߞߚࠡ࡞ࡋ࡞ߣࠥ ࡞ࡁ࠻ߦ߽ࠪࡈ࠻߳ߩ⼊๔ࠍᕃߞߚߣ߁⟋߇ਈ߃ࠄࠇߡࠆޕ ߚߛࡂࠥࡀߪߎ߁ߒߚ₺ఱᒉߣߩ⺞ߩౝߦ⇐߹ࠆੱ‛ߢߪߥޕ౮ᧄ & ߢߪޔਇታ ªXQJHWULXZH©ߥࡂࠥࡀ߇₺ఱᒉߩਇਛߦ࠾ࡌ࡞ࡦࠥࡦߩቲࠍࠗࡦߦᛩߍࠇߚߦ ߟߡ߽߇࠻ࡦࡔࠦ߁ߎޔㅊടߐࠇࠆޕ &㧔ㅊട▵㧕ᓐ㧔ࡂࠥࡀ㧕ߪߘߩቲࠍᚒ߇‛ߦ᧪ߥ߆ߞߚޔᖡੱ XQJHWULZH ߩᏱߩࠃ߁ߦޕᓐߪ⥄ಽߩ↢߈ߡࠆ㑆ߪቲࠍ৻ੱߢ↪ߔࠆߟ߽ࠅߛߞߚ߇ޔᓟ ߦߘࠇߪᓐ⥄り߽߽⺕ߩઁߚ߹ޔᚻߦࠇࠄࠇߥߊߥߞߚޕ ߎߩᓟޔችᑨߩ⠪ߪ⊝ࡂࠥࡀࠍ㕖㔍ߒޔᏫ㙚ߒߚ₺ఱᒉ߽ᔶߞߡᓐߦኻߔࠆᕲ㘈ࠍ৻ᤨ ᱛߔࠆ㧔%ޕኻᔕߔࠆ & ߽หߓ㧕 ޕ౮ᧄ & ߢߪߎߩ৻▵೨ߢ₺ޔఱᒉߩᔶࠅߪࠢ ࠛࡓࡅ࡞࠻ߩ⋡ࠍ᱂ߊன‛ߢࠆ߇␜ߐࠇࠆޕ & ാ჻㆐㧔₺ఱᒉ㧕ߪࡂࠥࡀࠍ㕖㔍ߒߡࠆ߆ߩࠃ߁ߦᝄࠆ⥰ߞߚ㨫 ౮ᧄ % ߢߪࠪࡈ࠻ࠍᲕኂߔࠆ߽ޔቲߩ⇛ᅓߣᛩ߽᫈₺ఱᒉߩ੍ᦼߒߥࡂࠥࡀߩ ⵣಾࠅߢߞߚߩߦኻߒߡޔ౮ᧄ & 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ᄛ߇ߌߡ߈ߚࠃ߁ߛ⁁߇ߛޕᴫ߇ᚒߞߣߦޘ ߡ⦟ߊߥࠆߪࠅᓧߥޔാ჻㆐ࠃޔᚢߩḰࠍߔࠆ߇ࠃޔ㧔ࠊࠇࠊࠇߪੑᐲߣߎߎ߆ ࠄࠄࠇߥߣߥߞߚࠄ㧕ࠇߡߖޔ㜞ߊᱫߩ߁ޕ㨭 &(UQHPRKWHGHVKRUGHV VvWJHZLQQHQQLKW GD]GHQXQJHWULXZHQ YLOGLFNHQRFKJHVFKLKW HUZkQGHLQQLH]HQHLQH GLHZvOHUP|KWHOHEHQ VvWPRKWHUVLPVHOEHQ QRFKDQGHUQLHPHQJHJHEHQ ࠪࡈ࠻Ვኂߦ㑐ߔࠆᢥ⣂ߢߪࡂࠥࡀߩ XQWULXZH ߇౮ᧄ % ߆ࠄߔߢߦᐲޘㅀߴࠄࠇߡࠆ߇ %㨯%㨯%㨯% ߥߤߦ₺ߩ࠼ࡦࠧ࡞ࡉޔኻߔࠆ XQWULXZH ߇⸒ࠊࠇࠆߪ౮ᧄ & ߩ ߎߩੑߟߩㅊട▵&&ߩߺߢࠆޕ &G{JHEkUWHQGLHGHJHQH VDPVLLPKHWHQZLGHUVHLW ౮ᧄ% ߩኻᔕߔࠆ▎ᚲߪޔ%JHUQH ZDHU¶LU*vVHOKHU DOOHUWULXZHQEHUHLWࠡ࡞ࡋ࡞ߪࠢࠛࡓࡅ࡞࠻ߦ⌀ᔃࠍᝤߍࠃ߁ߣߒߡߚߩ ߦޕ ߇ᦸࠎߛ߽ߩߢࠆޕᓐࠄߪனߞߡࠢࠛࡓࡅ࡞࠻ߩ⼔⠪ࠍṶߓ⽿ߦੱ৻ࡀࠥࡂޔછ߇ ࠆ߇ᅤߊᛕ್ߒߡࠆߩߛޕᓐࠄࡉ࡞ࠧࡦ࠼ߩ৻ᣖ㇢ౄߩ⚿߮ߟ߈ߪᒝജߢ₺ߚ߹ޔఱ ᒉߩࠪࡈ࠻ߣࠢࠛࡓࡅ࡞࠻ߦኻߔࠆ⟋ߪࠄ߆ߢࠆߚޔᓐࠄ߇Ვኂߐࠇࠆߩߪ ᒰὼߢࠆޕ Ԛࡂࠥࡀ ࡂࠥࡀߩឬ౮ߦ ឬ౮ߦࠄࠇࠆ㨬 ࠄࠇࠆ㨬⧷㓶㨭 ⧷㓶㨭ᛕ್ ᛕ್ 㤛㊄᰼ߪ౮ᧄ % ߦ߅ߡ߽৻⽾ߒߡࡂࠥࡀߩ․ᕈߣߐࠇߡߚࡓ࡞ࠜࡧࠍ࠻ࡈࠪޕ ࠬߩ㙺ኃߦᓙߒߚᤨޕ߁⸒߁ߎߪࡀࠥࡂޔ ޟᓐߦߪᣉߔߎߣߥߤኈᤃߢߔ߈↢ߦߥࠎߤޕ ߡ߽ዧߊߖߥ࠾ࡌ࡞ࡦࠥࡦߩቲࠍᓐߪ࿖ߦᜬߞߡࠆߩߢߔࡦࠧ࡞ࡉߩߎޕ ࠼ߢᚒࠍࠇ߇ޘᚲߢ߈ߚࠄࠃߩߦ㧍࠻࡞ࡅࡓࠛࠢߦ࡞࠹ࡦࠣޔ߇ࡀࠥࡂߚ߹ޠ ߣߩ⸃ࠍ൘ߚߩ߽ቲࠁ߃ߢߞߚߪ⾰․‛ੱߩߎ ޕ౮ᧄ & ߦ߅ߡߪߐࠄߦᒝ⺞ߒ ߡឬ߆ࠇޔఱᆂߩ⸃ߩ႐㕙ߦ߅ߡᓐߩ㤛㊄߳ߩ᰼ᦸߪ߽߁৻ᐲ⏕ߥߢ➅ࠅߒ ߡ⸒ࠊࠇࠆޕ ߹ߚࡂࠥࡀߪੑߟߩ౮ᧄߩ࠹ࠢࠬ࠻ߦㅢߒߡ࠼ࡦࠧ࡞ࡉޔᣖࠍਥዉߒࠅᚻߣߒߡᵴ べߔࠆᚢ჻ߢߞߚߩߘߛߚޕᓐߩⴕേේℂߪ⤪∛ߩࠅࠍฃߌࠆࠍᕟࠇࠅࠃޔᄢ߈ߥ ࠇ㧔߿ቲ㧕ࠍ₪ᓧߒࠃ߁ߣߔࠆޔහߜ⧷ޔ㓶ߢࠈ߁ߣߔࠆߦߞߚޕ౮ᧄ % ߣ & ߩ࠹ࠢࠬ࠻ߪ⧷ߩߎޔ㓶ᕈߦኻߔࠆ⹏ଔߩࠅᣇߦ߅ߡ㓒ߚࠅࠍߖߡࠆࡀࠥࡂޕ ߩ⸒േߦ㑐ߔࠆ⹏ଔࠍቯߥ౮ᧄ % ߦኻߒߡޔ౮ᧄ & ߩቲߩⷐ᳞႐㕙ߢߪࡂࠥࡀߦኻߒ ߡਥำࠍⵣಾࠆਇታߥªXQWULXZH©⠪߁ߣޔ෩ߒᛕ್ߩ⋡߇ะߌࠄࠇߡࠆߪࡀࠥࡂޕ ߘߩാ⁴ߐ߿㍈ᢅߥ್ᢿജࠍ⊒ើߒߡࡉ࡞ࠧࡦ࠼ߩవ㗡ߦ┙ߞߡᚢᛮߡ߈ߚ⧷㓶ߢ ߞߚ߇⌀ޔታߩߣߎࠈߪਥำߦኻߒߡᔘ⺈ߩᔃªWULXZH©ࠍᜬߞߡߥ߆ߞߚߣޔ㔺ߐ ࠇߚߩߢࠆޕ౮ᧄ & ߩੱߪޔᚢ႐ߦ߅ߌࠆ⧷㓶㧔ࡂࠥࡀ㧕ߩⴕࠍ⾨⾥ߖߕޔㅒߦ หߦኻߒߡߘߩ᭴ᚑຬ߇ᒰὼᜬߞߡࠆߴ߈⺈ªWULXZH©ࠍᜬߞߡߥ⠪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 ZUG¶XQV GLXNQHJLQQHKROW &+DJHQHVSUDFKH]HPNQLJHP|FKWHQ࠻ࡠࡀࠥߩാ჻߇⸒ߞߚߒ߽ޟ ᆂำߣⷫᗲߩᖱࠍ⚿߷߁ߣߐࠇࠆߥࠄߩߎޔ࿖ߦ࠾ࡌ࡞ࡦࠥࡦߩ㤛㊄߇߿ߞߡ᧪߹ߔޕᚒߪޘ ⩨ᄢߥንࠍߘߎ߆ࠄᓧࠄࠇ߹ߔ₺ߒ߽ޕᅥ᭽߇ᅢᗧࠍᛴߡਅߐࠆߥࠄޠޕ &ᡷᄌࠣࡦ࠹࡞ߪᓐᅚߦ␞ᱜߒߊᱠߺነߞߚޕቲߩߚߦߎ߁ߔࠆߪࠄࠇߚޕቲ ߩߚߦਇታߥ↵ߪ㧔ࡂࠥࡀ㧕ߪ⸃ࠍឭ᩺ߒߚߩߛ*ޕXQWKHUJH]RJHQOLFKH JLHJHJHQLUGDUQDKHU ED] GXUFKGHVKRUGHVOLHEH ZDVGHUUDWJHWDQ GDUXPEHULHWGLHVXRQH GHUYLOXQJHWULZHPDQ ኻᔕ ߔࠆ % ߢߪޔ㨬ࡂࠥࡀߪᓐᅚߦࠠࠬࠍߔࠆߩ߇ࠃࠅ߰ߐࠊߒ߆ߞߚߩߦߒ߽ޕᓐᅚ߇ࡂࠥࡀߩ ໂߒߦࠃߞߡᖤߒߺࠍࠊߞߡߥߌࠇ߫ߪࡀࠥࡂޔၴߩ⋡ߩ࠻࡞ࡅࡓࠛࠢߣޘ೨ߦ┙ߡߚߩ ߦޕ㨭 +DXJ:DOWHU+|ILVFKH,GHQWLWlWXQGKHURLVFKH7UDGLWLRQLP1LEHOXQJHQOLHG,Q6WUXNWXUHQDOV6FKOVVHO ]XU:HOWNOHLQH6FKULIWHQ]XU(U]lKOOLWHUDWXUGHV0LWWHODOWHUV7ELQJHQ6+LHU6II ⊛ߦߘߩଔ୯ࠍุቯߒߡࠆߣߡࠃߛࠈ߁ޕ ౮ᧄ & ߩ⧷㓶ᕈߦኻߔࠆᛕ್ߪߩࡀࠥࡂޔឬ౮એᄖߩ႐㕙ߦ߽⊓႐ߔࠆޕᚢࠍㆱߌࠆ ߦోജࠍዧߊߔ࠺ࠖ࠻ࡅ߿ᚢࠍགྷߊࡘࠛ࠺ࠥ࡞ߦะߌࠄࠇߚ⾨⾥ߩߘޔኻ ߦޔⁿ⓭⁴ㅴߩࡧࠜ࡞ࡈࡂ࡞࠻߿ᚢߦㅺࠆࠗࡦࠢߦኻߔࠆૐ⹏ଔߥߤ߇ࠆޕ ㇱᣖ㑵ߣ⧷㓶ߩᱫࠍឬߊ㨬⎕Ṍߔࠆ⇣ᣖ㑆⚿ᇕ‛⺆㨭ߩဳࠍᐲ߽↪ࠆࡦ࡞ࡌ࠾ޡ ࠥࡦߩੱޔ߇ߛޢ㆐ߪ⧷㓶ߩⴕേේℂ߆ࠄߪ〒㔌ࠍ⟎߈ⷐ߇ဳޔ᳞ߒߡࠆฎ࠹ ࡑࠍ〯ⷅߖߕࠍࠇߎޔ឵㛽ᅓ⢝ߒߚߦ․ޕ౮ᧄ & ߩੱߪ⧷ޔ㓶ࡂࠥࡀߦ㤛㊄᰼ߣਥำߦ ኻߔࠆਇታªXQWULXZH©ࠍឬ߈ㄟߢࠅࠃޔⓍᭂ⊛ߦ⧷㓶ᕈࠍุቯߒߚߦࡀࠥࡂߡߒߘޕ ኻߐߖࠆࠃ߁ߦߒߡޔᣂߒߊªWULXZH©ߣ߁ଔ୯ߩዉࠍ⹜ߺߚߩߢࠆޕ WULXZH ࠍゲߣߔࠆ౮ᧄ ߣߔࠆ౮ᧄ & ߩᡷᄌ ᡷᄌ WULXZH ߣ߁⺆ߩᜰߔౝኈߪᐢߊߩߟ৻ޔຠߦ߅ߡ߽ᢥ⣂ߦࠃߞߡ⇣ߥࠆౝኈࠍ ᜰߔߪ⺆ߩߎޕరޘ᮸ᧁ߿ᧁ᧚ࠍߒޔේ⟵ߪ㨬ᧁߩࠃ߁ߦၷ࿕ߥ㨭ߢࠆޕೋߪޟᄾ⚂㨭 ߿㨬ᄾ⚂ߔࠆߎߣࠍޠᗧߒޔᓟߦ⺆⟵ߪᄢߒߡޔหߦ߅ߌࠆઁ⠪ߣߩ᭽߮⚿ߥޘ ߟ߈ࠍᡰ߃ࠆᔨߣߥߞߚޕේ⟵ߦᦨ߽ㄭ߽ߩߦޔำ⤿ߩ㑆ߩᕲߣᔘ߇ࠆⷫߡߒߘޕ ߩᗲߣሶߩቁᔃ⚿ޔᇕߩᗲޔᕜੱߩᗲੱޕ㑆↵ᅚᕈߣߒߡߩࠆߴ߈ᆫߥߤ⛘ኻ⊛ߥ ଔ୯ᔨߣߒߡ߽↪ߐࠇࠆޕ㛉჻ߦߣߞߡޔWULXZH ߪ⻞⯯ GLHPHWH▵ޔᐲ Pk]H ࠇޔrUHޔ ᷡ⚐ NLXVFKH] ߺߥߒߚޔXKW ߥߤߣߞߚᜬߟߴ߈⟤ᓼోߡߩḮߢࠅ߇ࠇߘޔᄬࠊࠇࠇ ߫ઁߩోߡߩ⟤ᓼ߽ሽߒ߃ߥߣ߁߶ߤ൮⊛ߥᔨߢߞߚߚ߹ޕฎ㜞࠼ࠗ࠷⺆ ᤨઍ߆ࠄߔߢߦੱ㑆ߩਥᓥߩᄾ⚂ࠍߣੱ㑆ߩߘࠇߦォൻߒߡޔ㨬ାઔ㨭㨬ᕲ㨭ߩᗧߢ↪ ࠄࠇߡߚߣ߁ޕ ߩࡦࠥࡦ࡞ࡌ࠾ޡߪߦޢªWULXZH©ߩ᭽ߥޘᆫ߇ࠄࠇࠆࡈࠪߩ࠻࡞ࡅࡓࠛࠢޕ ࠻߳ߩᗲ߇ࡀࠥࡂޔ⎕ࠆኅ⤿ߩਥำ߳ߩᔘ⟵ߩ࠼ࡦࠧ࡞ࡉޔห⢩ߩ⺈࠺ࠛࡘߡߒߘޕ ࠥ࡞ߦ߅ߡߪ⥄߇ੱޔᏆߩౝߦᜬߞߡࠆߴ߈⛘ኻ⊛ߥ୶ℂⷰࠆߪ߳ߩାઔߣ ߁ªWULXZH©߇ឬ߆ࠇࠆޕㄝႺષࡘࠛ࠺ࠥ࡞ߪߦ࠻࡞ࡅࡓࠛࠢޔኻߒߡߪࠛ࠶࠷ࠚ (KULVPDQQ 2WIULG(KUHXQG0XWÆYHQWLXUHXQG0LQQH+|ILVFKH:RUWJHVFKLFKWHQDXVGHP0LWWHODOWHU 0QFKHQ 6 3DXO +HUPDQQ 'HXWVFKHV :|UWHUEXFK EHUDUEHLWHWH XQG HUZHLWHUWH $XIODJH ߩ⧷⺆㧦WUHHޔߩࡈࡦࠬ⺆㧦WUqYH ߣߟߥ߇ࠆ)*ޕ%HQHFNH :0XHOOHU )=DUQFNH0LWWHOKRFKGHXWVFKHV:|UWHUEXFK0/H[HU0LWWHOKRFKGHXWVFKHV+DQGZ|UWHUEXFK'DV'HXWVFKH :|UWHUEXFKYRQ-DFREXQG:LOKHOP*ULPP ࡛ࠕࡅࡓࡉࡓࠤ⪺ޔᐔየᶈਃࠄ⸶ޡਛߩ㛉჻ᢥൻޢ 㧔⊕᳓␠ޔ㧕 ޔ㨪 㗁ޕ *HQWU\)UDQFLV*7ULXZHDQG9ULXQWLQWKH1LEHOXQJHQOLHG$PVWHUGDP+LHU6 એ 3DXO+HUPDQQ'HXWVFKHV:|UWHUEXFKEHUDUEHLWHWHXQGHUZHLWHUWH$XIODJH*)%HQHFNHXD HEG0/H[HUHEG'DV'HXWVFKH:|UWHUEXFKYRQ-DFREXQG:LOKHOP*ULPP ࠍෳᾖޕ ࡞ߩ᳞ᇕߩ⠪ߣߒߡ⻏ߒߚ㓙ޔᓐᅚߦኂࠍὑߔ⠪㆐ߦߪ⥄ಽ߇ႎᓳߔࠆࠍߞߡ ߚ࠼ࡦࠧ࡞ࡉߚ߹ޕߦኻߒߡߪ⥄ၔߢ᱑ᓙߒ₺ޔᒉࠡ࡞ࡋ࡞ߣᆷࠍᇕ⚂ߐߖߚ߹ޔ ᓐࠄࠍࡈࡦߩችᑨ߹ߢ᩺ౝߒߡᅢ㑐ଥࠍ⚿ࠎߢߚޕᓐߪᤄߩᄾ⚂ࠍࠅࡉ࡞ࠧࡦ࠼ ߣᚢ߁ߎߣࠍㄼࠆࠢࠛࡓࡅ࡞࠻ߦߎ߁⸷߃ࠆޕ % 㧔߶߷ &㧕㨬ߞߚߪ⏕߆ߢߔޔ㜞⾆ߥ₺ᅥࠃ ⑳ߪߥߚߩߚ ߦฬ߽ߎߩり߽ᛩߍᛂߟߣ⸒߹ߒߚߒ߆ߒޕ㝬߽ᛩߍߔߣߪ߹ߖࠎ ߢߒߚߩߎߪ⑳ ޕ㙺ኃ߳↢߹ࠇߩ⦟ߥߚߩߏఱᒉࠍ᩺ౝߒߚߩߢߔޕ㨭 㧔ߦࠃߞߡ↢ߓߚା㗬ªWULXZH©ߩ㑐ଥ㧕ࠍ⎕᫈ߔࠆߪ᧪ߥߦߟߡࡘޔ ࠛ࠺ࠥ࡞ߪ౮ᧄ & ߢߪߐࠄߦ⸒⪲ࠍዧߊߒߡㅀߴ┙ߡᦨޔᓟߪߦりࠍᆔߨࠆޕᓐߦߣ ߞߡªWULXZH©ࠍ⎕ࠆߎߣߪ㝬ࠍᝥߡࠆߢࠅޔªWULXZH©ࠍࠆߚߦߪ࿖߽⽷↥߽ᝥߡࠃ ߁ߣ⸒߁ߩࡀࠥࡂߪࠇߎޕ㤛㊄᰼ߣਥำߦኻߔࠆਇታªXQWULXZH©ߣ㕖Ᏹߦࡧࠖࡧࠖ࠶࠼ߥ ኻᾖࠍᚑߒߡࠆޕ &㧔ㅊട▵㧕 ⽷ࠍᝥߡ㧔kQH JXRW㧕⑳ߪߎߩ࿖ࠍࠅ߹ߔޕᆄ߽ᆷ߽ㅪࠇߡ ߈߹ߔࠍ⺈ޕᄬߞߡ㧔kQHWULXZH㧕ᱫߧߊࠄߥࠄߩߚߥޕ㤛㊄ߥߤ㗂߈ߚߊߪߥ ߩߢߔޕ ᴺ߿࿖ኅߩᐲ߇⏕┙ߐࠇߡߥ߆ߞߚਛ⚿ߪޘੱޔᇕ߿ਥᓥ㑐ଥࠍᐞ㊀ߦ߽⚿߱ ߦࠃߞߡ⥄ಽߩりಽ߿⽷↥ࠍࠈ߁ߣߒߚⶄ߇ߛޕᢙߩ㓸࿅ߣᄾ⚂ࠍ⚿ࠎߛ⚿ᨐޔኂ߇ ⴣ⓭ߔࠆੑ㓸࿅ߩ᧼ߺߣߥࠆᘒ߽↢ߓߚޕᄾ⚂ߩªWULXZH©ߣߪሽߦ ߌߚା↪ߣ⽿ છߢߞߚߩߛ߆ࠄߥ߁ࠃߩߘޔ႐วߪߦޘੱޔ㕖Ᏹߦ࿎㔍ߥᢿ߇ᒝࠄࠇߡߚߣᕁ ࠊࠇࠆ߇ߛ ޕታߦߪޔᄾ⚂㑐ଥ߇৻ᣇ⊛ߦ⎕᫈ߐࠇࠆߪ⃟ߒߊߥ߆ߞߚߣ߁ޕ ታ⇇ߩᅷදߣᣇଢߦḩߜߚªWULXZH©ߩᛒߦኻߒޔ ߩࡦࠥࡦ࡞ࡌ࠾ޡࠛࡘߩޢ ࠺ࠥ࡞ߪℂᗐࠍㅊ᳞ߒߚޕᓐߩᱫߪోߡߩᓼߩῳߩᱫߣޔགྷ߆ࠇࠆޕ &% 'D]LVWkQHORXJHQ LFKVZXRULXHGHOZvS LFKZROGHGXUFKLXFKZkJHQ GLH rUHXQGRXFKGHQOvS GD]LFKGLHVrOHYOLHVH GHVHQKkQLFKQLKWJHVZRUQ MkEUkKWLFKKHU]HODQGH GLHLXZHUQEUHGHUZROJHERUQ &$OOHVJXRWHVkQH V{UPLFKGLXODQW PvQZvSXQGPvQHWRKWHU QLPLFKDQPvQHKDQW rGD]LFKkQHWULXZH EHOvEHQPHVHW{W LFKKHWJHQRPHQEHOH LXZHUJROWDOV{U{W 0OOHU-DQ'LUN'DV1LEHOXQJHQOLHG.ODVVLNHU/HNWUHQ%G%HUOLQ6II ਥᓥ㑐ଥ߆ࠄ⣕ߔࠆߎߣߢᓥァߩ⟵ോ߆ࠄㅏࠇࠆ㧔GLIILGDWLR㧕6FKXO]HHEG6 %&YDWHUDOOHUWXJHQGH ⚿⺆ ⚿⺆ ߩࡦࠥࡦ࡞ࡌ࠾ޡߪޢฎવᛚ߆ࠄᄙߊߩ⚛᧚ࠍฃߌ⛮ߢࠆ߇⚿ߩߘޔว߿㊀ ㊂㈩ಽߩࠅᣇߪ⁛⥄ߩ߽ߩߢࠅߪߢߎߘߚ߹ޔવ⛔⊛ߥ‛⺆ߩቯဳ߇ⶄ㔀ߦ⚵ߺวࠊ ߖߡ↪ࠄࠇߡࠆⶄޔߛߚޕᢙߩવᛚߩ⚿วߢࠆ߆ࠄ‛ੱ߿╭ޔㅧᒻߦߪベㇳߩ ᦌᤒߥὐ߇ߊߟ߽ࠅੱޔ㆐ߪᡷᄌࠍ㊀ߨߡߊޕ ቲߩⷐ᳞ª+RUWIRUGHUXQJ©ߪ⺒ޔ⠪ߩ✕ᒛࠍ㜞ᖱേࠍំࠅേ߆ߔ⊛ߥࡕ࠴ࡈߢࠅޔ ຠߩᦨᓟߦ⟎߆ࠇࠆߦ⋧ᔕߒ߽ߩߢࠆޕ౮ᧄ % ߩੱ߇ߎߩࡕ࠴ࡈࠍવ⛔⊛ߥ‛ ⺆ߩቯဳ㧔⎕Ṍߔࠆ⇣ᣖ㑆ߩ⚿ᇕ‛⺆㧕߇ⷐ᳞ߔࠆ߹߹ߦ⟎ߚߩߦኻߒޔ౮ᧄ & ߩੱ ߪቯဳߦᴪߞߡ‛⺆ࠍㅴߥ߇ࠄ߽ߎࠇࠍᚻᲑߣߒߡ↪ߒޔቯဳ߇ᜬߟ㑵ߩਥ㗴߆ࠄ ߪ⣕ළߔࠆ⸒ߩ࠻࡞ࡅࡓࠛࠢߡߒߘޕേߩၮゲߦߪࠪࡈ࠻߳ߩᗲªWULXZH©ࠍ⟎߈ޔ ߘࠇߦኻߒߡࡂࠥࡀߦߪ㤛㊄᰼ߣਥำࠍⵣಾࠆਇታªXQWULXZH©ߣ߁⹏ଔࠍਅߒޔค ࠍªWULXZH©ߣ߁ଔ୯ⷰߩࠅࠍ࿁ࠆຠߣߔࠆޔߚ߹ޕቲߩⷐ᳞ߩ⢛ᓟߦࠆ㤛㊄᰼߇ ࠢࠛࡓࡅ࡞࠻ߣࡂࠥࡀᣇߩ㑆ࠍ᭽ߥޘᗧ߿↪ࠍᜬߞߡṫߞߡߚ౮ᧄ % ߦኻߒޔ ౮ᧄ & ߢߪ㤛㊄᰼ߪࡂࠥࡀ৻ੱߦ࿕ቯߐࠇࠆޕ ࠢࠛࡓࡅ࡞࠻ߩᄦ߳ߩᗲªWULXZH©߇➅ࠅߒ⾨⾥ߐࠇࠆறࠄߢߩ࠼ࡦࠧ࡞ࡉޔ㓸࿅ߩ ªWULXZH©ߦኻߒߡߪᛕ್߇ᒝࠄࠇߡߊߩߎޕ㓸࿅ߩªWULXZH©ߪജ⊛ߥ⚵ߺߣ߽ߥࠅ ߁ࠆ߽ߩߢࠍࠇߎޔࠆߚߦࠪࡈ࠻ߪᲕኂߐࠇࠆⷐߩ࠻࡞ࡅࡓࠛࠢߚ߹ޕ᳞ㅢࠅ ߦࡂࠥࡀࠍᏅߒߔࠍࡉ࡞ࠧࡦ࠼߇ªWULXZH©ࠍࠆߚߦᜎࠎߛߚޔᲕᚧߪᄢߔ ࠆߚ߹ޕኻߦ࠼ࡦࠧ࡞ࡉޔߪ㓸࿅ߩªWULXZH©ߩਛߦẜࡂࠥࡀߩਇታªXQWULXZH©ߦ᳇ߠ ߈ߎࠇࠍឃ㒰ߔࠆ߇᧪ߕޔᓐߩ⧷㓶⊛ߥᵴべߦଐሽߒߡߚߚߦޔᴚ⪭ߒߚߣ߽⸒ ߃ࠆޕ౮ᧄ & ߩ࠹ࠢࠬ࠻ߪޔ㓸࿅ߩªWULXZH©ߩ⣀ߐߣෂ㒾ࠍࠄ߆ߦߒߡࠆޕªWULXZH©ߣ ߁⟤ᓼߩᔨߪᄙ⟵⊛ߢޔችᑨ␠ળߩߐ߹ߑ߹ߥ㕙߿ࡌ࡞ߦᩮࠍਅࠈߒߥޘ⦡ޔዪ 㕙ߢੱޕߚߞߢߩ߽ࠆ❈ࠍޘ౮ᧄ & ߩឬߊ⇇ߦ߅ߡޔหߪᤨߦªWULXZH©ߩߚ ߦߪࠆޔኻ┙ߔࠆªWULXZH©ߩ㑐ଥߩ᧼ߺߣߥߞߡޔᄢ߈ߥ⧰㔍ࠍ⚻㛎ߒߥߌࠇ߫ߥ ࠄߥ߆ߞߚޕ ቲߩⷐ᳞႐㕙ࠍ౮ᧄ %& ࠍᲧセߒߡ⠨ኤߔࠆߎߣߦࠃߞߡޔᢥቇຠߩࠅᣇ߇ᄌኈ ߒߡߊࡊࡠࠬ߇⏕ߐࠇߚੱޕ㆐ߪવ⛔⊛ߥ⚛᧚߿‛⺆ߩቯဳࠍ〯ⷅߒࠍࠇߘޔᏁ ߺߦ↪ࠆߩߘޕ㓙ߦ㗴߇↢ߓߡࠆߣ߈ߦߪੱ‛߿╭ߦᡷᄌ߇㊀ߨࠄࠇߚ߹ޔቯဳ ࠍ㔌ࠇߡ⁛⥄ߩਥ㗴߇ㅊⓥߐࠇߚߩߢࠆޕ ÃWULXZHµLP1LEHOXQJHQOLHG h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|UWHUXQJGHUSV\FKRORJLVFKHQ%HZHJJUQGHGHUEHLGHQ)LJXUHQ .ULPKLOGXQG+DJHQXQWHUGHU9RUDXVVHW]XQJGDVVGLH+DQGOXQJHQXQG)LJXUHQJHVWDOWHQLP7H[W NRKlUHQWVHLQVROOWHQ'DEHLEHQXW]WHPDQYRUQHKPOLFKGHQ7H[WGHU+DQGVFKULIW%GLHGDPDOVDOV GLHGHP2ULJLQDODPQlFKVWHQVWHKHQGHJDOWXQGDXIGLHPDQK|FKVWHQ:HUWOHJWH'LHVHU6WDQGSXQNW ZXUGHDEHUPLWGHU=HLW]XQHKPHQGNULWLVLHUW )UGLHVHQ9HUVXFKVROOWHQQXQGLH%HUFNVLFKWLJXQJHQGHUhEHUOLHIHUXQJVJHVFKLFKWHGHV(SRV QRFK PHKU XQHQWEHKUOLFK QlPOLFK GD GDV (SRV HLJHQWOLFK DXV ]ZHL 6WRIIHQ %UQKLOG6DJH XQG 6DJHYRP8QWHUJDQJGHU%XUJRQGHQEHVWHKWXQGQRFKDP$QIDQJGHV-DKUKXQGHUWVDXIGHP :HJ GHU 9HUZDQGOXQJ VWDQG XQG GD HV VLFK QDFK GHP *HEUDXFK GHU OLWHUDULVFKHQ :HUNH GHV +RFKPLWWHODOWHUVDQEHVWLPPWHU(U]lKOVVFKHPDWDRULHQWLHUWH0HLQH,QWHUSUHWDWLRQJHKW]XHUVWLQGHU $XVHLQDQGHUVHW]XQJPLWGHU(U]lKOVFKHPDWDYRQGHUÃ%UDXWZHUEXQJ¶,P$QVFKOXGDUDQEHUOHJH 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$WOLOLHG³GLHYRQGHU YHUUlWHULVFKHQ(LQODGXQJXQG6FKODFKW]ZLVFKHQGHQ]ZHL6LSSHQHU]lKOW/HJWPDQGLHVHGUHL7\SHQ ]XJUXQGH NDQQ PDQ GHQ 9HUODXI GHV JDQ]HQ (SRV IROJHQGHUPDVVHQ FKDUDNWHULVLHUHQ 7\S %UDXWZHUEXQJHQ GHV 6LYULWHV QDFK .ULHPKLOG 'DQQ 7\S %UDXWZHUEXQJ GHV *XQWKHUV QDFK %UQKLOGPLWHLQHP:HUEXQJVKHOIHU6LYULW$EHUGLHVH+HLUDWGLHQXUPLWGHU+LOIHGHVVWlUNVWHQ 0DQQHV6LYULWHUIOOWZHUGHQNRQQWHEHUXKWHDXIHLQHP%UXFKGHU5HJHOIUGLH%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|UWZRUGHQZDUZQVFKWH.ULHPKLOGLKUH5DFKHDP0|UGHULKUHVHKHPDOLJHQ 0DQQHV 6LYULW GHP VLH LKUH ÃWULXZHµ DXI OHEHQVODQJ JHZLGPHW KDWWH OHLVWHQ 'DV VROLGH 0RWLY ÃWULXZH¶ZXUGHDXIJUXQGGLHVHU=XVDPPHQIJXQJYRQGHQ%UDXWZHUEXQJVVFKHPDWDQHXHQWVWDQGHQ ,QGHU+DQGVFKULIW%VFKHLQWGLHVH(LQIKUXQJGHUQHXHQ+DQGOXQJVLQLWLDWLYHÃWULXZHµHQGOLFK DEHULQGHU+RUWIRUGHUXQJVV]HQHZRGDV7KHPDGHVWUDGLWLRQHOOHQ%UDXWZHUEXQJVVFKHPDV7\S EHUGLHWUDJLVFKH6LSSHQVFKODFKWV\PEROLVFKHUVFKHLQHQVROOWHYHU]LFKWHWZRUGHQ]XVHLQ'DJHJHQ KDW GHU %HDUEHLWHU GHV 7H[WHV GHU +DQGVFKULIW & GLHVH QHXH +DQGOXQJVLQLWLDWLYH GXUFKJHIKUW XQG GDIUGDVWUDGLWLRQHOOH(U]lKOVFKHPDQXUZLHHLQ*HIlEHQXW]W(U]HLJWHVHLQH7HLOQDKPHDP/HLG GHU NODJHQGHQ ÃWULXZHQµ .ULHPKLOG XQG lXHUWH .ULWLN DQ +DJHQ GHVVHQ ÃXQWULXZHµ ]X VHLQHP +HUUHQ*XQWKHULQGHU+RUWIRUGHUXQJVV]HQHHQWKOOWZXUGHXQGDXFKDQGLHNlPSIHULVFKH6ROLGDULWlW ÃWULXZHµYRQGHQ%XUJRQGHQGLHIUGLH$XVZHLWXQJGHU6FKODFKWYHUDQWZRUWOLFKZDU +LQWHU GHQ %HDUEHLWXQJHQ LQ GHU +DQGVFKULIW & NDQQ PDQ HLQH QHXH OLWHUDULVFKH 7HQGHQ] HUNHQQHQGDGLH7H[WHEHLGHPhEHUJDQJYRQGHUPQGOLFKHQ]XUVFKULIWOLFKHQhEHUOLHIHUXQJQXQ GHU)ROJHULFKWLJNHLWGHU)LJXUHQXQGGHU+DQGOXQJEHGUIHQ'DV(SRVZROOWHVLFKDXVGHUHLQIDFKHQ $QZHQGXQJGHUDOWHQ(U]lKOVFKHPDWDDOOPlKOLFKEHIUHLHQ(LQQHXHV7KHPDZXUGHGDEHLPLWGHP $XIWULWWGHVYLHOGHXWLJHQ%HJULIIVÃWULXZH¶JHVXFKW ̊WULXZH¶ZDUGLH]HQWUDOH*HZlKUIUGLH:UGHQ GHU0HQVFKHQLQGDPDOLJHUK|ILVFKHU *HVHOOVFKDIW'LHVHU %HJULII IXQJLHUWHLQGHQ %HDUEHLWXQJHQ DXVVFKODJJHEHQG DOV %HZHUWXQJVPDVWDE WUHXH .ULHPKLOG XQG XQWUHXHU +DJHQ $EHU PDFKWH HV ]XJOHLFK GLH YHUZRUUHQH PHKUVFKLFKWLJH :HOWDQVFKDXXQJ GHV (SRV QRFK OHEKDIWHU (V JDE GHP 6FKLFNVDOGHV+HOGHQWXPVXQGDXFKGHP3UREOHPGHUJHJHQZlUWLJHQK|ILVFKHQ9HUKDOWXQJNRQNUHWH 8PULVVH