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.

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

Among other personal issues, Park Jeong-ae discusses the results of the Party conference and KWP CC Plenum, in which speeches regarding the draft of the first five-year plan were discussed, some ministries were criticized, and preparations for uprising of factionalist groups are discovered.

Pak Ui-wan relays Kim Il Sung's report that is to announced in the KWP CC Plenum and Kim Il Sung's positive review of the meetings at Moscow.

Kim Il Sung and Puzanov discuss the possibility of Korean citizens in Japan studying in DPRK higher education institutions, matters of the DPRK's draft five-year plan and terms of trade between the Soviet Union and North Korea, factionalist activities against the KWP leadership and DPRK government, and South Korean insurgency against North Korea leading up to DPRK elections.

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.

Puzanov participates in the meeting to welcome the unofficial North Korean economic delegation's return from the USSR. In his conversation with Pak Jeong-ae and Kim Chang-man, Puzanov suggests that Soviet journalists visit many different sectors of DPRK society to provide a more thorough understanding of North Korea.

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.

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.