Nam Il and Puzanov discuss plans for the construction of a permanent railroad bridge in North Korea, the progress of the draft five-year plan for the DPRK economy, the impending arrival of a Soviet parliamentary delegation to the DPRK, and the construction of the Soviet Embassy in North Korea.

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.

Puzanov, Kim Il, and Hong Myeong-hui discuss the DPRK's fertilizer needs, the possible aid of Uzbekistan grapevines to North Korea, and the DPRK's prioritization of heavy industry in its development model.

Puzanov notes his protocol visits to other foreign representatives in North Korea. He relays his understanding of the DPRK's five-year plan to the Ambassador of China, Qiao Xiaoguang. Later, Puzanov summarizes Pak Jeong-ae's explanation of the need for increased vigilance against South Korea as well as news of an upcoming conference of women.

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.

Puzanov recalls Kim Du-bong's and Nam Il's explanation of the DPRK's food challenges, domestic cloth and cement production, and emphasis on solidarity with the socialist camp.

Park Seong-cheol informs Moskovsky of the rationale behind DPRK's new dictum of "self-reliance".