It should seem that the plan here mentioned was afterwards prepared and presented to Lord North. It is dated the 24th of November, two days before the opening of Parliament. It embraces the whole system of Indian Government at home and abroad, and must have been a valuable contribution[185] at a moment when Parliament was called, for the express purpose of considering the state of the Company's concerns. In December, the same year, he was appointed Lord Lieutenant of Montgomeryshire. Meanwhile, the Parliament had hardly risen for the summer, when the difficulties in the Company's affairs which have been alluded to, became too great to be concealed. Though the Directors had long suffered inconvenience from the want of funds, the first unsurmountable difficulty in the means of discharging the demands on them was said to be observed by their cashier in the beginning of July, 1772. This he communicated to Mr. Sulivan; a Committee of Treasury was called, and there was laid before them an estimate of the probable receipts and payments for the months of July, August, September, and October, when it appeared that they could command only 954,200_l._, to meet demands amounting to 2,247,200_l._, leaving a deficiency of 1,293,000_l._ On the 15th of July it was resolved to apply to the Bank for a loan of 400,000_l._ for two months, which was granted; and, on the 29th of July, a further loan of 300,000_l._ was asked, but only 200,000_l._ received. At a Committee of Treasury, held on the 11th of August 1772, the Chairman and Deputy Chairman acquainted the Members, that they had waited on Lord North to present to his Lordship the state of the Company's affairs, and had represented that the sum of near 1,000,000_l._ sterling would be necessary to be borrowed to carry on the circulation of the Company's affairs, and that of this million about 500,000_l._ would be left undischarged in the month of March following, when the whole produce of the September sale would probably be received.[186] The first Lord of the Treasury is said to have received their proposals with dryness and reserve, and referred them to Parliament for satisfaction. They had once more recourse to the plan of appointing supervisors, with full powers for the regulation of their affairs abroad; and after various delays, six gentlemen[187] were named, who agreed to accept the difficult and invidious office.