 This was signed on 26 December 1846, by Currie, Lawrence and 13 members of the Durbar and later ratified by Hardinge and the young Maharaja..

A key condition of the British agreement was that a Resident British officer, with an efficient establishment of assistants, was to be appointed by the Governor-General to remain at Lahore, with "full authority to direct and control all matters in every Department of the State".The Regent, Maharani Jindan Kaur, mother of the Maharaja, was awarded an annual pension of 150,000 rupees and replaced by a Council of Regency composed of leading Chiefs and Sirdars acting under the control and guidance of the British Resident.This effectively gave the British control of the Government.