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In page Agustín de Montiano y Luyando:

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The ailing finances of the Society of History he founded and led came in danger of the eventual closing in 1744 as discussed by Montiano himself and, mercifully, on 25 October 1744, the already seriously mentally deteriorated King "gave notice" of his Royal Approval. No money was however available through the Spanish Military Efforts of those years in Poland, England, Austria and Italy, but in July 1745 Montiano was appointed "Perpetual Director of the Academy", for his lifetime and stressing the exceptional circumstances of this "lifetime" appointment, never to be repeated in the future.