HomeMy WebLinkAbout1990-08-14; City Council; 10789; REPORT ON CITY INVESTMENTS AS OF AUGUST 1, 1990CITI)F CARLSBAD - AGENDelLL ,. I
" ,.*
', ': . .@J
\/
AB# lo/ 3 e7
~~~!/14/90
TITLE:
AS OF AUGUST 1,1990 DEPT. TRS
REPORT ON CITY INVESTMENTS
I CITY MG R.&&
RECOMMENDED ACTION:
No action is required.
I ITEM EXP-ATroN: State law requires the City Treasurer to report to the City Council on a monthly basis
the status of the City's investment portfolio. This report is presented to Council each
month reporting on investments held on the first day of the month.
u M 0 PI aJ M
a, s .!-I
w 0
u a *rl aJ 0 a, M
a a) M a a, 4 g
-2 d
rb
rl .I4 L) 5 0 V
0
1 a
4 N
\ W
z 0
..
6 a
In summary, the City's investment portfolio as of August 1, 1990, is as follows:
Certificates of Deposit
Average
Principal Interest Average Amount Rate Term
$ 24,500,000 8.501% 311
Federal Gov't Notes or Bonds' 5,4,58,255 8.514 718
Federal Agency Notes or Bonds2 16,154,660 8.325 3627
Corporate Notes3 13,292,455 8.572 997
Local Agency Investment Funds 10,0~00,000 8.509 -
Bankers Acceptances4 6,729,956 8.315 174
Commercial Papel5 958,880 8.625 179
Other Investments.
Total Portfolio
522.765 7.38 - -
$77,616,971 8.456% 1001 - -
' Current market value = $ 5,837,761
2 Current market value = $16,110,481
3 Current market value = $13,345,850
4 Current Market Value = $ 6,908,320
5 Current Market Value = $ 983,420
Interest is current on all applicable securities.
These investments have been made in accordance with the Ciry's investment policy
adopted January 2, 1985, and last revised November 7, 1989.
FISCAL IMPACX
When held to maturity, the above investments will yield $15,985,425 in interest
revenue. The average life of the portfolio is 2.74 years from date of purchase, 1.01 years
from current date.
I
/ - -." ' ' [
I I
I
I
\
........... -\"e =: ?!.E! ". L
i- 1'
E 'm (1: '>- wa I-0
p., 'k Wl7 S 'E I- .3 Lo .t w L1 2rY 5
I- Lo w (1: W !- z,
Z
!-a w 'ct: O!
4 :p
n bli4
ml5 W 10
Z,=
I-
>:x
I- Iz 0
W CY
t
a
5 E 1- Lo W 2 z,
>- !-
3
-I a "1 w; !
Tl I- 2 W
i +- .... z, L " '. "z/ . <.. .*
I-
W W!W 3'1- +.a a!n
r4 xw L k1:r g gin
"-: ~ ,,'n. ,, 'U, '." r; ", j. ,, " <. * , '* w ,:-- 0;" >- ,<'d .$ .", i; i 4 m b" .1 II s ti u.-<.-.m- 111 " .
_, r ~-~ c ~ r -~ c I' 'Y*E_" E '* p N q %.?I! fi .8 e .1 '1 0.2 y. '1 ?.X ? 'I T 21 1 :" 'i 1; s.; 2 3 B :; :., x ir Lie .Y
_. \ IIH 1 11.1 11- 11 1 I
!
wlnCl@NNc7.O&OqN Lp,h~OdO~MLp,DdLp,kI(.O! d '3 M 0 .D'O N ' ji
P';l!rriI
o.omp-,ndnnm,oam oww~omN~w~ww-oww: 4 co~wur~mm 'V
r>NNNNNpMd MN lMC4pMMMMM rMty F: dr(4dddd h d i\j Iii'b iiOVMFlA"AQNb%D ,I bUm,~~y,AoNO~oMbm ..... .....
Io m.m 01 r\ m .,o n n o 4 m o N 'o.-!m.olnmmwMlhv4mo~ 44 -1- 4 * . .. ..... -14
Irrn mi l~munw~~~wwmmum~ ~odvlddL",dMP\wd
~w0000lnlh00000 4 ./ .. .. $"
Lp,UM'Mn.D:mrr.Nbu)MpN .I..
1 ""id * L/. 4 j "dr-r
op.-!o nnammmuol
&rnohnmk~.m~h~o NLONODL~,O~MOD~.O
';G,",',"K;o.?,;,',:E."n n
op.00, ....... ' k'I VMk403MOufQI .... .:.
m~Mlhi.'INNlhNhlhd~ll'4
2b2 cg;:ggwgg -I ;l;;r ;I ;;E;;, 1:
ILp,un!mnd\uoNLwn&"ob IY:4""r~1r919.9"'.99~~~~uM~N~M~u~i ' nMINmol!mUo
muM'v;~w,mlnN'o.Or,~NlnuMo~Mmnm.-!~vol ~om~'wnm~wn~o~mbr~~~p,rtom~o~~o'~p,~oj o r( 0.10 ln LP, jm m M ~p, u 0. p m ln F r:us ;PI N w uI c,c,~p,~~~ln~~
. .I. . *I .
\MhNbdU\ddln'+MM dT~@l.~!~dWnQA:dnh! 444,. 4 4,- 4 4 . * ..,4 4 4 4 ~~mu~w~l~ww~mu~,~w,~nw~Mm,~mm~mm -8 *.
xXXXXXXKxxxh-:xh-ear;~xX..r:h-~!xxx'.xxx ooo~ooo;ooooooooo,ooo:ooo:ooo~ooo Oo0:0lnln:Lp,lnO,Lp,Lp,o,olnou~lnLp,:lnLp,o0;0olh~lholn v~~v!~~dr~r~r~r~~dc!~~~~~~~!~~~~~r~.~~~~~.~~
mmmmmwmm~~~mmmmm~wmm;mmm(mmm~mmm ITI** I I 1 1 1 1
5
n d m
PI
Lp,
.
N4
u) N
~OOOOOO'OOO~OOolOOo~oOO1OOO!OOo'oOO! ......... .I. ....... ./. .... .I. ..
Oo0'0Oo~0oO!noojooo~ooo;ooo'ooolooc' *- ~~.!~.~44~...4.44!.44i 44.4. ..
0 0 0 0 0 010 0 0.0 0 010 0 0 0 0 0'0 0 0;o 0 0;o 0 CI Lp,oooolnLp,(30'oooolno!Lp,ooILp,Lp,o'000:lnoCI .".. 4. -4.4 .-.I .! .444.
ooo,0oo!ooo,ooo'oooboo~ooo;ooo:ooc I
Ooaooo~ooo'ooo!ooo~ooo~ooo!ooo~ooc~
dm"* r(.-!Ir(drl 4 44 2 dddddd
ooouoc,~ooo,ooojooo~oooooo~ooopoo Oo0/oOo!oooooo.ooo~ooo!ooo~ooo:ooa
z a 2
2 II? u U'U 0 qarnaa~u cn cn I- o aa
2 z a a aa zz a a
n a on 2 22 YS z Z n n
J 0 J JJ 0 J 00 -1 0 0
Z 5 a aa a 22
pJ g 9 k! ml-w--"-oz - IY - oII:l.9(1:f]LIO!z- 5 2 I- 2 z:wzw;wa> 3 1; UY a Y-T-TE a a mzn m z~a~aacncn m
EZY a 2-I -I DEW O!i ZWZ iwo! o 0io-a.~ a
EEzl. w t mu u .~~s~g!~g~\~~~~~ w z I- 012 o ziz w ?:E y .x~yxwow ~1% 5 O!'W ;--? O! L 2:~ .wnm Io E a131 w ? In z'
LL~ i~LLam-~----
23-1 3 ala a ala w z:k I -zl"":igYl&$j ,; I
!Et-0WWW~I-t(1: a IW Wu:t-1-I-~w!-w!OW /!-ar)~~LL!-izawlwwww!-!- uw I~-1m~=wI-lr!-rir3mj~Jm~~~w~mwJ~wmr LL+lzza!-aLL,z!-w/
13 o J.U u 3!u (I) W~I - III I 3;m u 3 u u 013 o u/o 3 Ii w (1: ala a w.0 O! ZiO z 0'0 a w.a a LI 10 o ziw E a'J w o
l!lll I1
Lo a
"8 -x 3 111 yI$ y $ ;g $z"[ a _I mm:k aaI a tnLuzJ~u I (I) w J! gldg /d-itL
wa\-- lrnw+31->!>z
J;naZ!> zlmzmmoa:onIz>>
n N
n d m
n ln
"* d
x d 0 0
m
0 0
0 0 0
0 0 Lp,
U N
J + 0 I- I
3 m
a
m
0 0'0 c3 0'0 0 I!
Oc3Of3b:oO .......
0 0 0 0 0'0 0 0000000
0 0 n 0 0:o 0
4 4 4 4 _.,.I 4
0 0'0 0 o!o 0
0 0 0 0 0'0 0
0 0 0 0 0:o 0 . .t4 ....
d dl4 4 4 :&I d \I I !I
j
'0 0 /.
;a 1- :0
;0 !*
0 0
0
p 1 o o'm r.. mi0 N 0 0 0 \o I\, 0 @I ........ o o :CI \o r,. 10 n
n r, F, 0. c1 ,M r\
0. m84 u m:o\ 0. M M 1'5 M V> :Fa M
OMOdLP.LPI03
4 4' 4 4 ..! 4 .
i I
x Ax h' il/sc x
I1
0 m ,Cl 03 v '0 0 w r\ 0. rl r\lo rl to w uI r> <? !M M . . , . . , . m m 03 w m!n, w
!
'ln n I. M .u '0
'0 !-
.N r\ I !X !z 10;
ln
l o olc~ r, N!o m I o o ,o. M CI 10 r, j&x
0 n.0. w VLp, .-! !LO
& &Ir.: l,.; <;j& r; I@! . 4.4 1 .o. In, N.'O 0 h'Q-,N, ;ln
0 0;m 0.0.0 0 I 4
u) w LCI 10 'ow w io.
:n 0. miO. 0. OJ0. o\ N i I I !I a
' Id
t ;I U I
#/ a !- a .\
w w uw w a .\
cng.wuwzu
w a,z a m- a Y !-.a I- ala zcL+ a I-IW Lo
DI L.LJ 2 CJld u
$ !:?i I? kl: 6
o u'u a u z
DI , u7 E I.? ;\I'
2- x w x LIJ!Z >. o z:x z x,a o zazazz'mz I amamal a i s m ml-s I
Ll CJ 5.1 c) U k.
1- _1 u,/= u, 42 %
0 h1 E 111 G. 1 0
.... I :/> : ./4 z !$
U-iZ-Z-2 ;p
-Yr)?Lr)IY- LC1 a-a-a !I
a0303oa :3 n t-,k I- LL!I- o :m i
0 a 010 0 010 a n:o n oln n nIa n nln n aIn n n/a an a ak .?: cia a IuUu!uuu;uuuIuuu~uuu:uuUIUuu:uuuiuuuI I mm'mmm;mm i
000000000.0000dddd~dd~ddd"dd mmm~mmmmmmmmmmmmmmammmmm~mmm -!lill''' 1 1 oo!aoo~Oo 0. m.10. 0.0. m m 1
oooaaajnI-I-~r,,,z=/mmn~~a(1:!(1:(1:(1:>-~> ~~~1wwwwuuooooaawwaaaa~a~aaaa l3U'Q+3UU I '
aaa~mmmmoo!zzzzr)r)'b LLE~ES'S~~EEE I3wLlluo!ww 1 ammoznn i
Ill i 0 0'0 u ol0 Q I
1- I ~~~l~~~~~~!~~~~~~~~~~~~!~~~!~~~ 1 1 I 4 PI 0.d de4 UI CI A, 4;- 0 0 ; ; 1 ' 1 ' 1 1 I 1 mm:O.moo*jO.Ix j mm0~mom00m01om00o0000oooo.oooi m m m!m m mlm 01 m\m m sim m mim 0. alm m mlo. m mim m m~
/33~,~wwW~aio~a/~~a!3aaIaaa~aaa,a.r~ -I o >.It- u mlu z z 2 2 > 3 z a J a >. (1: a KIO! w +- >. ZI I LlaaxCL'jx3 rn ock ?I >-/x z i r,ur~oa~/or,r,~zzrzr,u~~~~~aa~/~aui~~r,~ I ~.wr,zpr) I rt~N!IF,OOmnmooonnnn/nmmnnmlorr.~~~p,~r.m' ~~~IcJNN~~NONNNNON.O~CIN~~NO~~O~~ I ' ~~!IF,~TI.O* N dl4 0 N,O 0 I
.......... - . no .... I,. ~ ji "_ - .-.... .... ~.!~..~~l~"~~~~.~..~~-~-~~.~..~l~..~..~~. $ ?ll *I.. i . I , .I: .: :A
~ ".., .......... :.... ,*" '2 :I /!. 'i !. 1, !. I. ,. I' I' ' Ill\ i
mdMOc0Uwd~oO.ricE.
'rl M o w n P, r-1 u rn M r, ..O p rlr4 !//
~ON~*ooMOnr\03-
A 0 n :r 0 0 r\ 0 '9 c t r\ c2
i"- 4 4,- 4 4 L 4 4,- _. -
I I
'M d YS d d CI 03 10 @I W 0. Ft
P d " P I.' r-,
LC\ 0 N '3 0 0 h'b D \D \?I I... 0 ...............
;clouvoor~o~o~~r~o n ll'd 0 0 ?-4 0 us Ij) I1 IO
'm ln c.( k? I'\ 01 IC) C.l i 1 ha iJ\ I'. M 01 o n n w n 0. w -1 rJ. '.r ,C.IIO, r: Iq4 .-I 4, ;? 10 m p c I o
,ddd;d.-!kNc4; I*'rC1 4 4". ..-
1;
/\I: '1 ;O o N ,XI IPI o V, o P, '..I IO r3 ,m o r\ :.j CI n LT. o .n w r . o
N Lp, u w \o LO .w 0 \iJ I I I-. 8-71 ~.-!~M~.O~V~Q~DIZ~I.LT. .d 0 p1 IC, Y 0 o> 0 tr. c) 1 . m
/u o r\ am r, o\ m cI rl ct Io '.t
I...... .......
4".....".-...-
.Lp, W C.1 13) I'\ -0 LI\ 0. 03 0 .'T V, i N [ d d ,; ~2 0) t; Xt 0.
i ,I I
tx ie x 'X ;i x 'X x x ic 2: i: \000c.l000000c'0
n m 63 'r\ m 01 'I'. 03 m DI 03 o>
,000QLp,OPOOMOC 0 0 m*o P. 0 m 0 0 ,n. n v
jlh n 03 'a ln 0 u) Lh 0 vt u x,> j. ln ~p, . o ./. r\ ..o . u .I. 'ct -0 ...... r.. u> -.., '.3
~~~4~~:n~ti~04,~~0404~~,l~~r~ rl 0 Q. 0 #o. 0 0 31 c, ti.
I I .. ,I, . ., ...... o 0 rt !,a n o ;o o o n-. o CA
L", D n'r, M o '\T o o ;r i.1 r I w o r\ o. o a'+ o o 4 to -4 0.. 0 m 0. 0 0 0 0 0 CI cil .-I _I_);._. 4, 4 . 2 I dd\?lNNi 4-4
I 1 1 (c !'
u\ '4 !\ I.., \ id
0 i , g.o
bdr( nel~Mvola\o~ \ m 0.16 0. 01~0. w 0.k 0. \ ln \ \,:0I \ \,\ \ .%'m \. -.
0 ln WI'. ln 0!\D 0 '0 I', C) \
0 \ \ iN \ 1'. *, K'V. '\ 4
r( r( N!\ I.\ xo!u r\ CI
o o n 3 n n,o n vL (2 .y x %:r yI
1 ln 0 0 x If> 0 I.\ lh n "J 0 \L1 o r'r .+ w, 03 u u. \o . 13 o . .. .,u\ ..... 0) n . w n 0. r\j . m m,n co L r.
Immm! mmmaExc2 \+j!!.~=j!=j!g$$gg~
\ C4 N'N C-l CJ:N .-! '\, . I IO /Lil hi w rf 13: 111 L,I LtI 3 -c tr1 %
lx x L?. bp x x x 0 L? I.\
In
li
LLI c I
3 3 3 111 3 3 3 3 0 id 3 Ti
0
LL LL LL LL LL LL LL LL 1L l.9 11. 11.
a a cia a aia Q a a a -I LLLLL:LLLLLLIILLLLLLLLLL
0 d d!<4 c.1 PtiM u v\:w> ..o '.O
1; 'I i
I
.m OI m,0. 0% 0. 01 0. 0. Ih 0. 0. + z m!w ct: ict: J A':, ui t- u~wLL~~u~~~~w~.~ 0 r) LLia iT -.a r) r) i: I,. 0
~h ux n'r.1 ln LT.'.O m \o I,> 8 I . I @I C4 CJ c.1 C4 N cl .-! n ?'I. I CI
In 0 w" 0 o:n 0 0'w.l .a '0
r) E C'T: Q: r),r) r) r1,d 0 CI
i! I
,m 01 co tm c1. o.,m 01 ct.:,:~ co co
3 CL a,a n. 7 u 3 x :3 1.1 I 1 2 O! E!>- CZ ZjZ -J J;l9 k- t-.
10 N 4ji3 0 CICI d 0 1'1 C.1 4 u - m'r\ \o L&O c3 w LC. 01 -I
!. :: * I ......... :. ; : :
, I
I
I . ill I,, 1-
n N w M
M m
m 0
. M. M 0 u.
M 4
r, rl m i4
.GI m
-d
4
x r.. r.. VI
m
U m
N W 0
w 0. 0
N
W m
r(
\, 0 .-I
" 21 %I
LI
x
" ml 21 I LL
U L
10 b b
-0 I t-! g!
rl 0
rnI
" :I
.-~ ". ..~ ~ ~..~~ ,"e.,.."""
6 I- iy
w ;u t- ,n 0" u. I rl M It nz 0 wz II :E t-!=I 0) 'I- w!w DR! f
k- (0 W 51 z, t-
Z E iw 3v- ktU w'lY E
a uk- t-z (03 YlE zu
t". LT 0
W R!
a
4 W II t Lo W D 2
> t-
E -I
=I1
WI u'
"'i !I
$2
I- Q
I- il
ci 2iw
2 .;f;
z
t- I-k- a cnlu R! wn
' 'i .. ( ;i" z -c. .a ., ," . . . ..
" - "2 "_
1: \Or d
U M
m m v4
m.
N .0
M N
\d m 12: !m
n 0
p: n
x m N h
m
m U
0 W w
XI m rl
w d
.
..
-I U t- 0 t- t
3 cn
m
- D ,. . " -
. " c - n., <. - , .I <" x -.-c.e- -. . - - _. - . .. . . . " - -. . -I ."...."_ n
r(\omotn u. hv.um
R rl Udu~0.m m
iu.:Jo4 hOO'O.0
d
d Nr-
0 . . ./. .
........ v
u. dUUi0d
2
MOO'OM
oooorl R N0o;oh .
wmo'om -
r(v)Qjllrd rl .. .,.. YJ
ChNrlOrl PI r\ 010rl
cI la n N m m
M . . :I..
':
\.T u%m4?2
0
4 u 0.10 YI .
/zGb".R: rlrl4Md I%
I x x xlx x OONOO 000lOM x
rl MNmjrlN u
mmwjmrn . . . .I . . LI\
m
ommoo m@looln n ..... * NUIOOh I M
\a w IN M tn
m-4- u]'" u* ,
'$, m m 44 mi4-"
m N r(OM9-M m 0\OViNu. .
m
I- U L4
e-. I3
0.D
us .\ \4
0. '.. d orlw u. \nw \ 413 0 Ml-a M
om-Pu.4
wuum 3w dw
XIWd mt-td x PI 3 LJ Lp, WOln3h -wt-/n . mua R
\a
nzo\3
wn\d
d\
wrla
1: E & F
ocnwt-0 2;i;E 2 LY-wlYLY
A
0 3 3!33 cnwcn:cnw t- uua!uu m ww~~ww I
3 CKLYi~Ea: Ft-t-I-t-
uuuuw
ffl
LLLLLLLLL.
(hbbbo\ orl4rlrl '
223ss
r(lWA/U.O
WJL3>>
Mr(rlr(M
mmomo mmu.mu.
lYLY>lYZ aaua3 uuzur)
mmrlam CJ @I M rl rl
.cs.z 1 . 2- *" i LC _"
" 1
:! rl mI c?: 0
:- r( Ud !
- E: ".E 2 r: i3 " ., .D i;il
'R I3 s, rl
0 00 .o 0. 00 00
0 IO
u/
x ux UD hci
m. .w
m
N hN
nu. o:?
m m m'
". 21
0.m u.
l?L w Q. U a. , ..
-1
u LT w E II 0 U
U
2
ZJ
z +I 0 01 El- ot
wcn
u .. J
a
~rn azt
0
(h
t- 8
.0 4
0 u.
2 U
0 PI
._ . -.. . c. I. .JI 'D <". ;"a"-
._ 52.n 1 . .:I - e. ?2 9 7 7 :< ., .r " x .7 ., ., .,, .. -~ .: .<. -""2;"' .,.., _<.. ,.....,._._ _...l _.. ,. , I [i I I wChmN,QNQ
~'UMfiM~WW~NMUW'?OOlCO
fiOINhMhOww!~.o mhmmnoMMnu.mM~mMr('o YII~III I rll+ 4 4'4 7-l rl 4
OJD.b.O!mmlnbN
mbMNlvJOMOW h!OkO'ION~OU
O'tn u.o;u. m rl!o \L!
mk -/a N * m'rl . . o * u .I* o at "
nlm m mlo h mlu v' 4 4 *.I.. ...I4 I.
u ~r( m 01 'a r( N 'm F,
44.4L-4d4 VI
.. J...; I
NWOrl!Odr(~Wrt
li
Wlm h -'A '3 N'Ch D N \O tn ,rl R \j 13 . . . ./ . . .. .
m~u~'hom~ m/4 rl u.,a N If:@,
, m.P. O.%!V. "..".c'. m 'M m D lo\ u. D i1o m r\ u m;u m w!o . I I ..I W :Vu \o \o \O N U n I 1 +!
O1b h Oh m Id0 PI \Oim n 0 !h U Nip, 0 t0 0. 0 ,0. LC, 4 iuf VI LC. h '4 LC; 1': h 't LC. . ./ .
Or h W 0 \O PI U.'O. Fb 4'0. W M h D N tn
. . .I. . .I. i!; r; 0j.f 0 MI0 m m:m d u.:m @I m.\J
mu.oM'MrIumr;~~o.~mao.9-o..~
!r( 1 r(4, .-l.-:-ir(rl,4@l\J,~t
m !N rl rt iw * Q 'm w u. 'u. ct w. ,r\ m %o '0. U'h m 01'03 4 Nil\ M u M -0 mw h .o o
_I ..... -..".-,." ....
//IIiI i xk x x!x
0 ilr> 4 0 'L* 0'4 0 0 0
W'O N M:M r;ldm mln;
X x.jx x xi.. .- .-! 0. -\ d. x Y ax oooc~o;ooo'0woo 0 D m u\ M'd u\ w. n n 0:4
prt h'V> u w,;u '3 v;m .o V.b\
aalmo~m'comr\mao 0) . . . . . . .
I I .io. :I. =:
o o m/cJ o o u. c> o u. m
z :: ::I:: z ::!K 2: e:
P\ m R AIM 0 oim c3 .JM
.
DlU 0 O!O 0 0'4 c3 0:M
. . * . . ./ . . ./ .
h M 4 ov\ 0 0:o r4 VIM (hid N DJRNC0,0i4 X3 NIU .... "..
rl'U 0 410 0 OlW C3 m/'J I...%..* ..
0 0 0 0 OLO oooo0:h . . . . ./. o olo o on m u o D wjn
..,J..<. N o!m o mh m om rl m:u. u Lr, u 0 ml\f
N OIL0 W OI'N
I .; 1dr(rl1444i ri , I 141
0 mrl
om \? \
0
44 \ mci 01
d u.4 N \\ L;d ;Ig
3 wd3x/ mw \om 4Yl\ o.m,h rl
Lp,iw n13 w u.A\ I\ us 51; =I-o x ?i z LL!w Y ';:E
4 \ a ai\
ON N.-I\P.~ rlx4/u.m x u. . \ rl&
.nuzd W
13 n >I3 u - ua m10 ZaILu' x iu
-lion ED p.. z/o
J. or'. .mw Iu -I w n M a;K
-1'0 I Uim 03 .Id - w w cn, t-i E'- ffl zlu u WOU d-I3ulcuII:la w1-I 0 Eir z "E xis I +ID u L/O
JR! -!.yml.L
r.1 Ch IN I
\ 1;: 1: %I: Id \ rl
CO\D mu\ ct 'tu.\ N\rl \
id\ \ mL14MMl
~~rl.+u.\!aw\~n
(2 3'3 \ wio \,In LD nb CI 3!~0 x d!r,
td r\ PI a DL+ . nj
-3 r( @I N rl:3 Ch 3
;z rl/. wiw 4 \ Cll \I !;e 2 @I $x '
td +& y ZIK g :I:
:I y/cn k yk? cn qk f: ;ti 2- yE :: xiu -- ulu M TiL) - M:LI
i; 2111. E W'O w:t- if; gig e w!= 5 :: ;
IL n'o . w II: .la O'J r, t-!~ [t: o\.a
a 3:t- x a:,- OYiI WOO j_
!n t-: - w'n -1 - 3 .3 ffl!t- I- D [t: - F'LI
.E w;u u wiL a uim !J U'- - >. 0 I -.LII
ala a ala a ala IL ala a a!a a ala
IIII!! uuuu~uuuIuuuuuu~uuuIU
0 0 0 O!d rl 4!rl *-I rlld N C4!Q{ N Mjrc, d Ih d Ih d d Ih OI Ih did a dj0. 01 h,O.
rl
h
ln ln mjr( m r(!d IP, rlju. 4 m!m 4 m,4
01 01 0 I u. a 0.0 !,, a13 m,m I m nlm ' o mlm 1 m m m u. m m 0.l- I% m m m mlm u. m,m
alu u z/u u 712 z wlx m ro'w z z;m w~w~ww~~a~aa~uw~~~~aaa~~~ w'u n do n dr) (7 ulx L ~;u q T),L
6 o m MIa u. 010 #a dlfi tn 040 u. .o;r.r
u,u 111 u u z t. z,-lu 91~ rn m'cr u z8cn wsw w W'U u 3,~ :J o'w w 111 a. LJ a w a'a a n!c) x c) 3 ,x zIa LL LL u a -,LL
Or(r(4~Or(N'Q~~Or(Or(r(OO'Q
0MNNINrJr(rlilrliON4/NC~Nr.I 11 1'1 i I
%*..e -."" L-". ^1 .... * I n p 5 a. .? = 1.; .- .-,; ..I - ,.:I '.. , .- ". -,e'., , I
1: a. '.: :
n
0. u. I
$1
\a m
U N
u.
E! u. 1
E/ $1
:! I ?/
0:;
N
x N r. Lr.
m
4 m
U D '3
cv 01 N
IC, .-I
J. a; Li
3!
il
Ul
. . .. .. .. ..
.-.&.. .,...., " .,.., * ..> I ~ * + .n I .' ..
0.70 \o 1.0 w 10 M )M M 'PO
u. I[ $h 0
MI0 0
"0. 0 ,w
M r\ o *! . . '0
PI in m
GI&& f
0.m m IN"
2 iG.
4;ri u. 1:
4O.u. m
h a. 0
ri 10, 0 . u. 'e. o
U!\l 0 I . 4jN m b.
a Id 'P. 0 I:
x.x 010 !T x 01 !x
0 y ct m
!I m
.I . . 'E
?' - . IN
.-,m 0 :.-I
NmO UNO ... 0
u RlU. 0
A uIo 0 . 0.p. 0 w 41.- m :r-, o
' d
R-
L"..
m,M 0 PI 4jVt 0 !N
rlo d
o 0. \ 0
'X. p ,. \ '
LL
.n
0
ul ou m \zo \o a u. N!O \
am \
IW L u):n: o
/_I m niu u -1
I.UL It-
'01 N \AN
LLIU h 01
Ut
3- u
.\:u w w - 1: 2,Eu /m no 3
ffl/u-l 000
ffl
i'
.. . ., .. I .) , , ., . .. I., _i , , ,
i' ,.: ;:
I
! 1
M
I? I4
IO-. Io.
In
03
'R :M
/s
I
,f\ ;* ,P .Q jr.i !d' iN M '; Id I Y 1;
U
03
pr, M
4 1;.
jr: r,
;*,I !;
-1 U !G
/Z I* t-
Q i::
i
i I
.1 , .
.. ,....' Ij
! /I i1 I! I!
1;
I! .i i
i ~-~\I
I1 i !
ii
I j: I
1:
! j
! i
I .I 1
j I
I 1
i !
1;
ii jL
!
i; I!
It ! jI
I!
i!
1; !i I!
j
I' It
I!
I !
2. .; ;. ~ I