Kim Il Sung tells Puzanov that the North Korean delegation to Moscow seeks consultation for the first DPRK five-year plan and the development of economic ties between the DPRK and the USSR. He states the expected North Korean production increases in agriculture, industry, consumer goods, capital investment, and export goods. Kim Il Sung also articulates the intended goals of the first five-year plan.

Kim Il Sung requests technical assistance from the Soviet Unions for currency reforms in DPRK. He and Puzanov then discuss plans for elections in North Korea, DPRK agricultural and fishing conditions, progress in construction, and the exchange of delegations between the two countries. Later, Puzanov meets with the PRC Ambassador to the DPRK, Qiao Xiaoguang. They discuss the potential American bid to legalize weapons deliveries to South Korea as well as USSR and PRC consultation for the DPRK five-year plan.

Puzanov meets with the PRC Ambassador to the DPRK, Qiao Xiaoguang, and tells him about his trip to Hamgyong with Kim Il Sung. Both Ambassadors express respect for the hard work of the Korean people, acknowledge the shortcomings of the DPRK economy, and discuss the movement to regulate the work style of the Korean people. Qiang is unwilling to discuss intra-Party aspects of the KWP, but he agrees to continue exchanging information with Puzanov in the future.

At a DPRK reception to honor Soviet military advisers, North Korean and Soviet officials emphasize friendship and solidarity between the two countries. Then Kim Il Sung reports on the five-year development of the DPRK economy under various economic sectors and foreign trade.

During their discussions on the development of North Korea, the Soviet delegation and DPRK delegation exchange opinions on capital investment and consumer goods production. Puzanov then draws on his trip to Hamgyong and summarizes his conclusions on the DPRK's repairs to enterprises damaged by war, increased industrial and agricultural production, and shortcoming in meeting the needs of the population and economic efficiency.

Kim Il Sung informs Puzanov of the DPRK's efforts to avert South Korean subversive activity against North Korea, discussions on the construction of a new irrigation system in Chonsan, and North Korea's possibility of providing food aid to South Korea.

Kim Il Sung and the Soviet Union trade delegation discuss the DPRK's economic conditions and terms for trade between the Soviet Union and North Korea. Afterwards, Nam Il gives Puzanov an overview of discrepancies in the North Korean and Polish delegations' draft communiques.

During his conversation with Puzanov, Kim Il Sung discusses the five-year plan to develop the DPRK's economy, the KWP's efforts to improve the standard of living for the North Korean people, factionalism and the eventual consolidation of KWP members under the official party line, Stalin's cult of personality, and problems in the North Korean judiciary.