 By a second treaty, signed on 1 March 1768, the Nizam acknowledged the validity of Shah Alam's grant and resigned the Circars to the Company, receiving as a mark of friendship an annuity of £50,000.Guntur, as the personal estate of the Nizam's brother Basalat Jang, was excepted during his lifetime under both the treaties.He died in 1782, but it was not till 1788 that Guntur came under British administration.