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.
At the same time it mediated between the companies and the employees, and in June a settlement was formally concluded between the ministers of public works and of the treasury and the directors of the companies concerning the grievances of the employees.