HomeMy WebLinkAbout1990-12-04; City Council; 10927; REPORT ON CITY INVESTMENTS AS OF NOVEMBER 1, 1990CI~ OF CARLSBAD - AGEN~ BILL 39 *E
AB# ''1 9% '? TITLE:
d-, DEPT. HD.-
MTGi2/4/90 CITY ATTY- REPORT ON CITY INVESTMENTS
DEPTJRS CITY MGR.- AS OF NOVEMBER 1,1990
~ ~~
RECOMMENDED ACTION:
Accept and file report.
ITEM EXPLANATION:
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.
In summary, the City's investment portfolio as of November 1, 1990, is as follows:
a s 0
E %L 2
z 0
..
6 a A 0 z 3 0 0
Average
Principal Interest Average
Amount Rate Term
Certificates of Deposit $ 20,500,000 8.494% 333
Federal Gov't Notes or Bonds' 3,966,524 8.357 641
Federal Agency Notes or Bonds2 20,166,859 8.472 1970
Corporate Notes3 13,292,455 8.572 997
Local Agency Investment Funds 10,000,000 8.325 -
Bankers Acceptances4 3,854,348 8.204 166
Commercial Pape? -0- -
Other Investments 578,993 7.18 - -
Total Portfolio $72,359,179 8.445% 821
' Current market value = $ 4,318,118
2 Current market value = $20,140,804
3 Current market value = $13,385,620
4 Current Market Value = $ 3,958,370
5 Current Market Value = $ -0-
Interest is current on all applicable securities.
These investments have been made in accordance with the City's investment policy
adopted January 2, 1985, and last revised November 7, 1989.
FISCAL IMPACT:
When held to maturity, the above investments will yield $15,666,785 in interest
revenue. The average life of the portfolio is 2.25 years from date of purchase, 1.34 years
from current date.
I
,r- '" 0 m -
......
I Z
Urn C
32 m3 m 2. ,-i
13: OD D .-I "IC mn m
,-I <
m D
Ln m rJ C ZI "I <
-
-3C DZ
CLr) om
-im Z-i
0
io
3-i ;om
-iC ma z
.Z "I m n m UJ "1
u
'Z ioC mm -IC0 C-i 2-3 zm Z "I
-
h 01
<iD UJ i
Dm
v
I
... .. ...
-..
c P.
................. I_YUCUII . , .B...O.=i., F. -". I :"
P -. - - -% - - T Y
. .~ ..... N .; ....... >,- ., .- ............. - .. "". '3 '. ....... r .: :> ... = c ., .>, ... : . - o .I ii -, 5.
'I I I ! j ~ -..!-. .i. I ~ i : 1 i j !
......... .._. ... "" ..-. i ;: I:; b. ;g :;. ;!! <: I; 1. .. A '^ .. I. .. '. '. '.
i jj!li ," !i .s...*...2,.= YI. = s+i?+ .<"S
!il/j
IN w NiN 0 NIN N D!P N N.0 0 *>N '- A a,\n\n m,~ - oIio 0 \n m u m:~
:O 0 Oili UI DjD D CI1,iC-l b CI,D I' 3 Di3
rJ n n'c m C.C c CIC D cio D o:n I-i -I 410 D qm GI rir z z,x -c ;oln
'w m mlm a ai\o a a!- m ala w w la ;m m Ctim v o/o 0 .yo u vj0 m m;o
I
1 ill
!0 0 I-!* 0 N1N N 0iP N N'N N N.N :r * ala a m,m F mi* 0, m,\n N \nn;\n
io o Tlz m DiD D A~I D L'x D Tic1 'CI~~:O~C'CCC~CDC'DD~,D i~ 4 mic D GI GI 61 rir n z n n m,z
;a a ala \o q1-a a \oca \o a:* a ai- ID. m m:GI GI GI \n \n \njA w N r3 w * * I I
-&. ."--
-"_ = !-= I
...-; I b
I I; I/ !
w!0 0 10: i vim 0. &
nrcn: --;z z <j
ala a a'
I I i ria ow; !
I ao;\n w m:
mmmo. m,rJ n ci
OIL CI x/
1 vi0 v 01
' TOQZZI j \o,aaa~ I "0:
1 i I
N NjN w *,0 P 0'0 0 N w N "N F 0 N 0 N'N N Ni
mm~mnmc~nonn!~no~ac'o~o.~o~~ n a;m D m,z -c <,x 7.1 ;oin ;o ,m < 7~ r n z c < c c
v0:ooavvo'voOO0ooov.avoo~a\01
o\ o\:v CO a \n \n -!A \n via w W:a a w'w w \J e 00:
Ir,10'1011)II)CI3=!DDSIj~9D1~liDcl'DCIZlSIiZZ/
I , I :I
\u a:* v) aClj.0 \cI a'a a a" \cI aO:a .a \isi\cI \u m'U7 a3 mi
! ~
-_ 2. c \, a;
Ni
"I! D, i j
1
I
r-L~N*~wWoC)iOON**w'O~O~ON~P~' \ncnvmmr~n~u:~wr~.o~s~\n~~~~nwoaa\n~
0O'CnCn~~~-3DDIr:~~~SIT9-rl~Zz.ZZZ nrJmmCDDD.DDDDDDDmmDDOOoo
\L) \(3'\0 '4 \c, \o \cI -'a a \O:Q \o v) a \cI *'a \o a:* \o Q;
~1~~~~z~~~,n~nm7~m~rnmzzc;ccc,
+ * * w - F * w,w F "P + * w w W,F * o.0 0 0,
j !
~ I I i
/ I
j
I i
1
hlT TIT T Till T TIT T TIT T TIT jD D DID D DID D D~D D DID D D;D
I ! I
1 m:mmm/
I!
? Ld- x r2 14 Mi- E-: 10 z,n Z!
jr , m!x? mi i D:D D z'z m z; 1 7iG)DX m-czm
Lo m UJ,
~ D'$$>
OXDO
D,D D D
!m TI04T, !c CIDOC'
1-i '3 +- <;
j zoxn
j nz n
1 mmnm i onnn i 4Wm-i j D DD Z'D "I 2 OODTJ mn2m I yg ,
,$ :
I 'm ~
1 n, Z!
ji
DnrnnonnnlnnnlnnrJnno'nnninnnl OQ:C3OOC3OU'OOQ,~0Q0OOOQ0:0C30! I
' m. 0. ;!
r-,
m: C!
-i D
!
1; *-!E I I1I E 2JZ:mD0Om m"IUJE13:KUJ Drn4-lrnrn-I -I m.mI I m
EDZ7JDDZ Z7JOLTIuI2J
m-i zcc Ln-Tm--T +om zzm mZOUJG7OQ XIDiTDUJmm zrmc n
mLnrzTTr- D-OOD
DD. G, ZCUJLODDUJ
YLmmc 333 o-zj[li[l- inZ0"Z
mLnrzDLn GJ nnG,
Do ZDD ~ D xzz ~ z 0 O
I *n T, D
ZT Om DO
z
mr
c m; - ;r 0 m x D r,
I
I3 E!* n xmao mLOmC D-iDZ -im"I1
EZEI 7J<
m mm LnTILnD -4m"Iz mQmK 7Jmn ZnZ
m r.m D
DD ?% - C'
n' E om c. UJ Z-i -im <m
m Z
371 zm 70 m n D r-
in 2 - Z GJ LO
D Z ,O
I nmE DDm r- z cn 9 x,-i m !m OO2J TZ ; n:9 p0m 30 3m mm 233 rJ r m , 0-1
'5
~ GJ Z
:m
'D
:D
'0 Z
;l
I III -1; D 0:o z 0;
-1 m'm m ml 1.n: ommzcn!
E2CK-i13:,
X3DD.D:
m"", ZCC4C
ZZOZ LO GJ G1 Z GI D m,Ln D UJ r.
z T,T m 71,
33-3.
5CYo 0
GJ t D UJ Dil) c Di
DmFIZFI Z7J;OOiU #"in- nn n l" D!D COD 0; D DiZ! z;x;
I
Ln c m
-4
'71 T T'O 71 T,T T TIT T 'I I ziz T I:= I I!Z I ,r r 13:,1 rJ r,r r r K r :z 3 D;D SI 3 m ZLD m jn (7 UjD F" nl* m "1, v :mm: o~mjm. 09- .
m m 0 r x m:m \n v:\n \n !* . o 0 A * .* V. 10, GI
/\n\nx LYoxoxx
~0OC.cun Ill O!DC ,ccm;r~ I ncr m ;mm !~rnn~mr 13, r-D.~r DA rr\!a r,rr-\m\
~\\o,u\~.~mmmm .rr\\n\nmrnrx \ j\\a~\rrm\o.u\o
!X&? :A I XX Xi ' OW I 100
,O o P s \o rir D \,r u
!o\ Gam *, ;0 sm;m mm:\ w ,c culm \ 1; .m \ \N ' NNV /a
:P mm \ 'N !w X!\ a ~
T;T 7
rrn ItI T
m:m
w/m? ,a Aim GI UluIx xx O
Ccm m. m
m:w \ SA
\!\ I.? hlNN
0'0 c
.nul\ \,\ u) roav N, N
Ti9 I11
mim rr
?I?
xjx 010 IJW
0
r
-i D
0 N
O!O
m,m c,c \
I i
N'F
f$
.n.n ' \:x. \o!* kqw
I
Z:
U: 0
3:
O Z
i i
~
1
*. Z' C
UJ , -I 3 m z -4
m'
r r r' rr: 0 ,o 0 001 D; D 'D D : Z8 z ZZ! g
I
.I ! \
'\ ,&G& ~ '* W'V ~ .a !\ , I
I
:a I I 'a 1 I !
j j ! ~ , ji1
j ! I I /I/ !
'N w +I N P:F w N N W P!W it.'
0 * m'w 0 or0 0 0'0 0 0 0 a "0 a*\n~0000o'0~00a~'0
~o~\na000V0,0N0G7Uwm .mGIomoo'oov:o~0oGI~~N .No0ma00000muWuN\n
"1, .........
mWN*00;500,0AVWWGl,\n ......... ..," . "'(c . ","
I
!
13,
,"I \n 0
0
0 0 V
0 0
...
;a m a 0 n -i
I 11: I I
I w- FWt-WP*F ,e ,*+ * -e** jw j l 14 *!a a -I m
!.. NV0U Ummm
:w .I"....
IA WNbU ;CO ArQla.
:a WN~N
* m m
.,.. ""b'"....... 1 ...1 " ..."I./ 00\n0oo0\n00\n'o\n\noo\nu\nu00o 000v000000000u0o0000'00u v05~000v00o0v00oaoo0v0u ........................ m a \u
W W
,. oooo0o0o0oa~0aOo0o0o005'
0VOVU~VVVV0VUVOVVVOO'VV0 vuo0ao0vo0~o0000oU0000o .................... .#. ... 0000o0o000000uo0io00000 OOOVVVV~UVV0GVV00~000~0
..................
,aoowo~~,ooooao\nooo \noO'moo~oO~omoUoGIn'o 10 .!. . -: ,o. 0:- 0' N i m,a3vbJ i i !
mmm:commlmmm!myco:m\,m'a, u)
f h) x
jm
I. /g
!4
1 ;X
mmmm m .. 5 A x
I
..I w
w
U
A o *,
w'
w
._
CUm~wmmmmm,mmm'mmcom*cucocam~mmcvj ! ....................... WNNNNU~~~~~U~I~J.~~.NUN~~~~ oGI0~GIGIo\nGI000GI\n\n\nG70GIO0\n\n ~u~~~uo~ooo~oao~ooooov~o xxxxxx~~xxxxxxxx~~xxxxxxx~
................. o.hrrn~.~mrnvum~h~mui.n \J m A W h 0'0 GI 0 GI 0, GI Ul 0 W'\J uoO0O~~000000Noo xxxxxx,xxx,xxx,xxx,x
I
. :. . ,
NWWCI' wrou 000A xxxx
! I
I i j iI N!W w w \Ia-\LI
a
m 0. co
u r w
h
..
m
I jw wi I I i I j
!P :A I\n j$ I:
," .. ' I ;waA!Nmpjaam~o\~~rirw~~ '~wpr'ou~~~wma\nmuc0~3:m VhO<A$\VVVNNCOqWOU,0
4 P I mm~mmmmwmm~'mww'mu~m~m~.mm m~~w~~ur~mwm~\ismr~~~~~~~ww~
W0G7m\n\n*~UN\nNNN\nU-\nmO-A\n U~~A~.U~\~OW~U\~\~~N~NNV~~O Nq~\nr~oAN,rmumwW0wo\nN~wmo ..... .,. ............. .!. . .,
........................ .. .. 1:- .. .. " .. "I.. .. ..I.. .. "I.. "1.. wo~'wo~'o\n\n'omo'~w~~o FUl\J\nOOV0mVW0~0WWU
I. ..... .,. . .#. . .:. . ., moUWoa,uom!OmaChRA~~
; W 0 VU o 0'0 o d,V \n O'N A U'O 8WoqA0o0ouVWUUlAh,O I I i iili/ li
NYWN \nm\ncn m: u o \l ...... 1 "iy 1. o'wou hl uvn~\no~~owm~w~.~;~m~~adwm~ j ~qa~ooam,mw~,w~~uuro~~~~~mo~ i i I I j
N a .. m * A
/&I ~E! ! ~
! i !j ~ i !. !
1 ! i j
!
j i
.. ..I ..."I..." "I.. . -1.. ... WNd N~rrrdNw~r~+~r
aodwmA!paqmAyrwJa 0h~!-'U.CdAWUl~'d~'.JVdCQ WY?mPUOUt4NW~;YAN~\n
~0VNVd00O)VW~OAU,0 ~o~No0'0o~owd~ANo
@30~WVU00Lh!aWd0A~O WO@3\JogooU,oWomfi.No
..... ..I.. . "1- . .I/" . ..I" WmN'mo0o\naoro0rGIn:U .. .(. . .I._. ... .,. . .I.
I-, ..jr....I rlrrr; I0 mood ';i " .. , .I ..I.. b .. :1 .. I: ,rr Ir 5rrr; we rr'*rd*r
io qoou -e ~d\naooom~o~\n~a\n\noo~o\ndvoo' .. Qoao 1 mmrwt~uurumwma-~.NA,nr~www mm~m~.mmwmm~~mwwmu~o~~w~,mm
0 ..:.. " .! 2 1 VI.. .. 'e!.. ...I c ... ..," " "," 1" '" .. " .I .I ..,
0 qooo Wo\nO.\nGI-aYNGI~NN\nWu~WOaA~ 7 ~~a~~~a~~~\n~wao\n\n~~\nt~s~vm~o
c) Noa\nNOANrmUWWWOWU\nNO,WmO u .........................
0 do02 N U0AW~00.a'Wm~~wh0.00~0o~OW0~0 CI000 , uo~woo~.m,mm~w\~uurouruwa~o
0 +ooo . oooa ...
, 1 iw w 0: 4PFH 14 wwww~~ww~~wwwwwwl~ut~l~~wwrww jm gzgai. w ~~~~~~~~~~~~~~~~~~~~~~~~ I! I
,* W U N + w. I 0 P I a 0
cu P
!ii I!! '* : ,o
*'
;wWWWP*'*~wi-N ! w*! !a\~~w~mmcuco~.~~uumdw /h)W\o,O.NI.3NhSh)O~cD~3rJi~
1 I I i .u-ar,-a.n~mmyrmqrnoyr 1; ]i j j 1.1 j" ,,;..: ;;!.; - , r "~~.~~--~~,.~~~-~-~-~'~~'~;~-~-~~-".-., .E E. 2 in ?i! ".." N_ z 0 3 .? .>:I .i? P
, r- f -. ,* j 1 f- 9 :!- !-
I ]i ! , I jii
- I .". i ". ; """. 1."~~ . .i ....... 1 ji/
c > ..I "_" L." j .... ,:,<"'"o."..*'. """ ._IIiLY,. . ..". Y.I. ....... ~... .... "" .- . .........
~ N .= 0 0 = . c -. - $.?->>.= 3 ~. y . i ........ .= ... 1> 1' i. ', i . ~1 ....... _I i y /.i .~" .. -~..~ .." ... .. " ,?, h ,-. *- ... -. r..
..
"~ 9 -.
? * - L $
.- ? P. P, m, T y @no?C-~?7^1??0303
. e: I. ,, <I, ,,, 0, A. .. - L. i* L. - .. Y ,,/ - v .!>! 1. B B7co_.l S-..?....hA '".." ..."... . ___""."..".. - ".......
ji I ji
11
1 !I 11 1
ii i
4 Ij i
1 j .I I I
j j ! i IE
j / I 16
;I j- I '"I iIIir" I
/I/ I1
j I iii
111 ill I
j
GJ
I
! 0 !"I
i !
I
ijj/ I
! !il ! iji
! 111
Ii!lu i i IN
1
I I il
//I
!i' I [I
j 1
I
I j rW 1 ' ' I I! i j r" i ! !m ij jm
! ! /U ;r
I m
;iij I i 1 jp"
I I I 1; I/I/X
I 1 Iul
i 11 I
j ! 1 I i; !I i p
lm
i !r
i j i ra\
i i :fi im I
1 jl ig 11 il :ll
1
1,"
ia 1%
!k I !
! j 1 "j 1: j
I qi I/ 1 ! I ~ 111 ~
:I
.., . . , .: .-. c *> ... q: y. :: o_ il -.* y s. >' yl y' , , .I ., ..-2 !.. 7,> .<,,;; ,."bi*. .>, -cTL"-e$c,,-d,
...................................... ~" -.. ~ """". -..... . .~ ~'"rl,IUCY'JUOi~~YY~~~"jI:._/...-.--... - D '> 0) 1'..0""1_L G /I, "0 *-ze."2~-,- i *-LL~> ;",. ,1 .=)_v_o.,:: .. 1 I ji :,i !I/
I 1 j !NNN,NrN/0rI".rI".NE3iNNN/wo 1 j I[ I ,N m Q 0 m \n,w r Q 0 o Q~Q w m 0 r il: i i 11 mzziomm;nnzzznnZnnn
i ,llttO'~ll1~1~t't~0~0t~'~m
i mDDlJmm.DQDDDmmDPlCm
I 1 1 @3COomVm,almoooW,:WoWQU ~mCD\Om~o~acrc6d~\(,~~clmc6m:c6co
I1 I1
I I :I/ ' i , /I". \n ria a w GI r \n,r r a;+ \n \nni\n r '0 I". 0 r r 0'- 0 P~O N r'0 I". r'r 0 ' ~ t *mDm'TPlVlPlaC~CCDDPlmmm ill t 0!D ll ll 0 Z D'L t X!CA O 0'0 0
I1 1 imZD:;amm.ncGt'rz<.ZDnoD 1 ~ 1 'wo\o'~;\D\o\olv)\o\o:\ow\o/\o\D\oj\o\D I jw w NIN 13 w,r c3 I"." I". rir 0 Oi0 0 tiiI I ~ 1 i j 010 o 1, /n n n!n n njn n n,n n n'n n nh n !iiil I ann:naninn n.3 no,nnnlon
i im rjnm 1 ,e $0 m 'm DiX 0 1
'I '3-1 I 12 "$E .-I mn \
! LO'T 0 !
ID 1-1 ir D'DC i
! olio li ~
i -;DO ; 1 ym-rl ;
1 wrr I
i Q'Zr ! I OiQ' 1 jUlQ : ID \ ~
7.m m ; I
i 000 j
ill !
\ID \
! 10 0 ~
j /m i
1 I,: j
1 !2 'i I
'n ,
m
m C
2
? "I
jm D T'T n nln m I~GJ 3 ,m-Io<--Da.3- ~n-I-no-I;-iVJC'Dio ;c - r 0 m - -I UJ.Cl (D 1nnu nnmzm -I /-on= OWDIN .+io OmnnzOmm !<13-i-ClI T.BD ! ooln IXOOZ ,~~~ion"~uro x D. 73 me Q0Tn
-\Imio \]UJXZC<
'- x r 0 x,v w z 0 -4 I\n mya 371m
0. "IWQNum II !mer xcmm D
3t-J W - rl 3 W.GI D - U (.I3
,rJ 0 -& .. a rJZ m
i;myomXxmCm
,UrXaCNQC)\n 'd :a\ .om\ccov\n
! \nc N\m I". iQ\mCJ\Q'+rO\U .C'J3 CI".NNI".CQC 'mwrmm r\\mI".m
!N \AQ \n\CO D\ A I"..\ t.J :\ \o \ \ r \r ,Qrr' N \ Q\n !r \n r iQ N\ ; ~\ \ .W Q s QQ
. m.
ixrox r,mmx\x
N \ !rr
._ "i I
i i I j
I
1
I I
I
I
G3'G) "I I'D 3
DDDC~Z z~~orm
n;n z ur- 7J
m:m D 1.0 r ! II1m.m- . .. 30 r u.umrn um~oor \nx io< x nll.nz
0 (I z'm I OD" n cm2pxm
mrZOO. a\ mcu \r\o ma r.\ * Q X "-0 r X r
Q mQ\C \.rN b-30
r; x 6 $ m
~ O \r
I mNo\ C I".lQ N
, re: \ \I r
~ \\; 0
M \a' Q
F Q. \no \i N ~ I".'r d
I I I
I
i
1
~
1 ~
i
.. . ..~" ~ ~ "_ - - .. :? -..~ :.. '1. -
1- vT- j
,W Q c3! rww:
I LD3I CQD; ZZ<i
UJtCla:
1 OUIO,
IW I". -1 .o \n \n
'Z Z Dl ooc ,c c 01
'Q Q Q ir r wl
!I I 71 :GI G3 GI/
m i"1"I"II c x7Jiolj m mmm I DDD/ 2 ggg\
"I ;oio7Jl J1 <<x;
.o -I m
m - m1
~ ymt ,v 71' '. 0-I; .v c m;
jx I". k! om !
'0 r io1 c \ 0;
\n n!
w 0;
0 cl h ml
w ml
Z ln io]
"Inn1
.m r
4- \ 71 + Q Z] \r
\'
a! w!
I 1 I
I=; Pi . 01
,0; ~
' \i
Q/
i w,
i i' I I
~
j ~
I".! : r rI".'I".rI".I". ; . : WI".,
1 ;J
! w! 1 iw . ..*... : Q k ..* :. ;
b\n . 4 :wi . /\1 OibP \o ;b\oO'AInbbIno'o\OOOPOhP ~ o\ '\oPo[li
!Q \. !L 1
o'uu i M .aa,-.mo~~woo,-.o~ooopa , o- aNh: ,.* o:ru j . iumO\nONWm0~ooWuu\nu . !WWWW:
\o o'mr i \n ,~~a,\no~'&~mI".omu\n~'r~ i N nmc1.i c. ,."....>.*.. .\.". \n ...,
:. O,WQ 1 . uoooou\n~o\oo~~~oom . worn! N O~N i n um\nvomwnroouuo~wu I w WN~:
l\l .I.. i m :. . . . . . . . . . . . . . .,. .
!I". olmo ! r u~ooooimoomo~ooo'oo i 0 mohj 1 0QN ; m0000oooo,\noo00000 , a 0 0;
, Q e..,
! iF0
/N :%
/x
I
I
iV in
IC3
1m
/m
I.
iQ
I.
' ip
mju y
x;x x
. ,. W!N r NO\n \no0
i !
m' W' N r . 1. . N,CO N
a, \o m a! w m
0: 4.. & ... p
1
!
~ I i j
i ~
1 i 1 i
m
\n v N x
N . m Q w
a fi Q
.
x
;m~~mvmmm
:\nhmw&c\'nw
!oomooooa irovu\n\nww
;xxxxxxxx
, . . . . . . . .
;ld.bmI".rI".rr .omummmwL\ !QO\WW\~NQ~ i........ i~Q\DQ\o\IQW !\nN\nvWmQr !b\nNaQr\n\n I . .:. . .j..
1
I;naur\nm,u\n iWr.JAUQU\n~ ! I
m:mwm'mmmy,y . . . . . . .
&W\JWWWNom \n\n\n0\nar\no oa0o'oooro xxxxxxx,xx
w, I". w WuNwmWmuC.. 'P .I. . . /.I.. . . h.CU W Wm + F N \n
~mnm~wwoarn WQQN'm0muQ a0 W 0;h 0 W,Q V ... . .:. . . . . m'h r an,- 0 Q'ln 0 N\nUl\n;QOV!QO
i i 1s ,i I I".' Ln ' ! i !I I
1; bl i; $2: \n Anr
z 222
c\ Am; . oiuw
/I". ? I
I I
1 I
i ,
I i
. ~ ry :, ..: i .3 ...... i m jv&Nm0\m~\nmr,mrI".oro~o~N \n Ioo\m'm.m~\l\nw,.u~r'\o.uw.rL\. . jmmnammww~,~muornmmw f\ "..".."...l.*.1.
PJ /arno,:oWo'~\najono.ra,Nrcu n .wmouw~\w~n~o~,wovou * ~l~\nN.\oQrI".\nmOW0'U~uW\o\n \n 1. ..:. . ... . . . . ... . . . .
o\ iN&Ur\nm~N\nmuI".vlQoQ\no ~QN~U\ov),\nU~hlo\n\n,\o~U.\o~
r rlr r tyr
I , I
IW dww 1 i I Q \I) irrr'rr~"..rr :wmor*m~ww\n\n\n\nwww~c,r ' IF 1: qm~. 1 v iarw\nNwmmunwovw\num
//I q00 I mmmmwu~\o\~mm~mum,\om
I i
,
! /
i
~ i I
m
W \n U x
m m a,
m A Q
v *
.
,
'm m m'
N r a' 'W 0 m '0 0 13 x x x,
I I r w wl N v W! w o mi
.u w \n:
. . .I
,w m w; .a\ 0 w;
...
I. . . ,
:c3 0 mi ,w 0 0
i 1 Pi j
~ \n PO&! 1 -? ,"7.0:1
j F moo
i
i . ;wrN;
l U. ,..ui a rma
! \J I". 0 o!
, * waa
'b- 0 0,
; w .u 001
0, :. . .
..
im h \n Q A! ~
' r .W.& fi. .\no w
~ ., I j. ' I /i/; I /!I
~ I. G",L72,. u 1.: : A. ""_I .. . .. I." ". .! .. . I lj
_T '2 :> r p rL.:I 28 0) .% di ..__: 0". L .. -: j.. .. i u ~.. ii - * i - .. i - jl j" I :_ L _, &, ,> Ir - , ._ .I .: : ,, .. - ..I. . - .. ~ . . ...~ , . - . ., - . Y /, ..
""" - . . L, :. U. .,. _". j.-
i_ Z
om C
Dm "I4 m '3 m .Z /-I
/x OD D ,"1 I .c m 'io ,m 1:
IO 'm
m m n C ;a .-
;-I X
!
! I
~
! !
j
1 I
i
'U 2E
-.., 0 m CUI ZI "Im 0
'io nm 34 "IC mio Z
- Z -I 2 :cf
["I
! 1
!
:Z ZC
I
mm
z; m ;"1
-4 Lr, C- "I mx
Z
I
m, 04 Dm <io 53 ,
1
"...."I_ > -, m . .. . !
. ..."
. - . . . . . . . . - ip"'
i I
Ci
N\
-; Z!
7J 71' 41
I i i
i I
i I
i i
, 1 !
!
j
j
~
I
- Z: CI m. UJ I: z m 5
;D. m n 0 io "1'
~
~
I
I I
P' r. I 0 7
\o
0
i
~
I
I i
.a -1 ; I
T,GCnBr:co~- P. 7 -* ,p I. -y .".. m., ") -\ "'X