Puzanov suggests measures to implement during the first five-year plan to further North Korea's economic growth. Puzanov also informs Pak Seong-cheol of a change to Khrushchev's scheduled visit to the DPRK.

Kim Il Sung and Puzanov discuss Soviet-DPRK relations, a the proposed visit by Khrushchev to Korea, Sino-Soviet relations, the economic situation in North Korea, and North Korea's views on recent events in South Korea.

The memorandum elaborates on the rapid economic growth and development in domestic policies in the DPRK after the Korean War.

Kim Il Sung shares impressions about the work of the conferences of leaders of agricultural cooperatives and plans for similar work for industrial and military units.

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.