Kim Il Sung and Puzanov discuss various issues between the USSR and DRK, including the process of building the Hungnam chemical fertilizer plant with Soviet aid.

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

Ri San-pal requests that North Korea be allowed to join the International Epizootic Office and describes recent economic developments in the DPRK.

Kim Il Sung and Puzanov discuss the use of corn for livestock feed, the need to mechanize DPRK agriculture, the city of Nampo and its industrial capabilities, and the startup of zinc production through Soviet aid in the non-ferrous metals industry.

Kim Il Sung and Nam Il inform Puzanov of the Korean delegation's progress in evaluating the draft of the DPRK's first five-year plan in the USSR. Then they discuss North Korean corn yields, USSR timber harvests for North Korea, and South Korea. Later, Nam Il informs Puzanov of internal matters of the KWP CC.

Puzanov and M. P. Tarasov discuss the USSR Supreme Soviet delegation's observations from its visit to the DPRK, advising Kim Il Sung on economic efficiency for industrial enterprises and corn production.

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.

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.