PLANNING AND FINANCIAL PROCEDURES OF THE NORTH KOREAN MINISTRY OF HEAVY INDUSTRY

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00810A001800090005-8
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 15, 2016
• Document Release Date: December 8, 2003
• Sequence Number: 5
• Publication Date: July 20, 1953
• Content Type: REPORT

Approved For Release 2003/12/181CIA-RDP80-0081 OA001800090005-8
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CENTRAL INTELLIGENCE AGENCY
INFORMATION REPORT
COUNTRY Korea/USSR
SUBJECT
Planning and Financial Procedures
of the North Korean Ministry of
Heavy Industry
This Document contains information affecting the Na-
tional Defense of the United States, within the mean-
ing of Title 18, Sections 793 and 794, of the U.B. Code, as
amended. Its transmission or revelation of its contents
to or receipt by an unauthorized person is prohibited
by law. The reproduction of this form is prohibited.
REPORT NO.
DATE DISTR.
NO. OF PAGES
REQUIREMENT NO.
REFERENCES
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ALUATIONS IN THIS REPORT ARE DEFINITIVE.
PPRAISAL OF CONTENT IS TENTATIVE.
(FO.R KEY SEE REVERSE)
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20 July 1953
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1. The North Korean Ministry of Heavy Industry cannot be ordered by the Ministry
of National Defense to produce military equipment. The Ministry of National
Defense, however, sets the production quotas for the munitions to be pro-
duced by the Ministry of Heavy Industry's First Department. These quotas,
when drawn up, are submitted to the North Korean Cabinet. If approved,
the quotas are forwarded to the Military Commission, which issues them as
top secret orders on production to the Minister cf Heavy Industry.
2, The Ministry of Heavy Industry prepares statistics showing the amount of
electricity needed for the coming year and submits the statistics to the
National Planning Board along with its yearly plan. If the amount is approved
by the North Korean Cabinet, the Ministry of Heavy Industry requests the
power facilities from the Cabinet Electric Power Department.
3. Through the National Central Trading Bank in P'yongyang, the Ministry of
Heavy Industry receives payment for the monazite ore it sends the USSR.
When officials of the Soviet Ministry of Trade take possession of the refined
monazite ore in Manchuria, they make out receipts for the amount of ore
and forward these receipts to the Ministry of Heavy Industry and to the
bank in P'y6ngyang, The bank then makes out a request for payment and sends it
to the USSR. On receiving payment, the bank transfers the money to the
Ch'olsan Monazite Mine'sl account in the bank.
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STATE Apmy NAVY AIR j FBI
COMNAVS: PACFLT ? CINC RY
(Not., Washington Distribution inditat.d By "X"; Hold Distribution by
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Approved For Release 2003/12/18 : CIA-RDP80-0081OA001800090005-8