Thus when the autumn set in, the offensive operations of the French had resulted in complete failure though there had been no important engagement: and in the meantime, the temporary nature of the reverse at Ancram Moor had been demonstrated by renewed ravages in Scotland directed by Hertford. The altered aspect of affairs made Francis ready to treat, and changed the tone of Charles from hostility to conciliation. Negotiations were set on foot; but in the course of them it became clear not only that Henry was determined to keep Boulogne but that Charles had no intention of letting Milan go. England's readiness to continue the struggle was demonstrated by the strength of the forces she threw onto French soil in the following March, and in May Francis proposed terms. Most of the cash claims were to be paid up; part were to be referred to arbitration; and Boulogne was to remain for eight years in the hands of the English as security. The financial pressure of the war had been terribly heavy, so that the expedient of debasing the coinage had been repeated in order to supplement taxation. Henry accepted the French terms; and almost simultaneously his hands were strengthened by the assassination of his most resolute opponent in Scotland, Cardinal Beton (May 29th, 1546). The Peace with France was concluded in June. [Sidenote: 1532-46 Events in Europe] Before proceeding with the account of the ecclesiastical movement in England during these six years, and with the narrative of the concluding six months of Henry's reign, we must turn aside to observe certain events on the Continent which have not hitherto fallen under our notice, since they did not at the time exercise a direct effect on English policy, and were not immediately influenced thereby. Yet since the treaty of Nuremberg in 1532--the point down to which, in a previous chapter, we followed the course of the Reformation in Europe--a compromise which served as a _modus vivendi_ between the Protestant League and the Catholic subjects of the Empire, important developments had been taking place, which very materially, if indirectly, affected the subsequent course of events in England as well as on the Continent. The period corresponds roughly with the pontificate of Paul III. which lasted from 1534 to 1549. [Sidenote: The Lutherans and the Papacy]