In 1664 he was chosen one of the directors of the imperial army raised to fight the Turk; and after the peace which followed the Christian victory at St Gotthard in August 1664, he aided the English king Charles II.
Macaulay imputes this reduction to Hastings as a characteristic act of financial immorality; but in truth it had been expressly enjoined by the court of directors, in a despatch dated six months before he took up office.
The directors of the Company were disposed to act upon this resolution; but in the court of proprietors, with whom the decision ultimately lay, Hastings always possessed a sufficient majority.
The resignation was promptly accepted, and one of the directors was appointed to the vacancy.
National control of the railways was secured by a proviso that the directors must be of Italian nationality.