At the 40th anniversary of the USSR Armed Forces meeting, Kim Il Sung shares impressions of the visit of the PRC delegation and discusses the South Korean aircraft that overflew DPRK in February 16 and students who renounced the DPRK citizenship.

Kim Il Sung and Puzanov review Soviet and Chinese advice on North Korea's economic policy during the First Five-Year Plan.

Nam Il reports to Puzanov that the KWP Presidium approved all USSR suggestions on the DPRK's draft five-year plan. They go on to discuss the commissions that exist in the Soviet Union and plans for organizing DPRK commissions. At a luncheon later that day, Kim Il Sung reiterates his gratitude for USSR consultation on DPRK economic development with Puzanov reminding the DPRK of its trade obligations.

Puzanov meets with North Korean leaders at a sporting events in celebration of Korea's liberation, and they discuss friendly sports exchanges between the Soviet Union and DPRK. Kim Il Sung informs Puzanov that the DPRK will revise its draft of the first five-year plan according to Soviet suggestions before the economic delegation goes to China for consultation. Later, the Russian and Bulgarian Embassies host a successful showing of a film, and the Soviets inform the PRC Ambassador Qiao Xiaoguang of Soviet consultations of the DPRK economic plan.

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.