(Oct. 18, 1748), treaty negotiated largely by Britain and France, with the other powers following their lead, ending the War of the Austrian Succession (Austrian Succession, War of the) (1740–48). The treaty was marked by the mutual restitution of conquests, including the fortress of Louisbourg on Cape Breton Island, Nova Scotia, to France; Madras in India, to England; and the barrier towns to the Dutch. The right of the Habsburg heiress Maria Theresa to the Austrian lands was guaranteed, but the Habsburgs were seriously weakened by the guarantee to Prussia, not a party to the treaty, of its conquest of Silesia. Both Britain and France were trying to win the friendship of Prussia, now clearly a significant power, for the next war. Maria Theresa gave up to Spain the duchies of Parma, Piacenza, and Guastalla in Italy. The treaty confirmed the right of succession of the house of Hanover both in Great Britain and in Hanover. In the commercial struggle between England and France in the West Indies, Africa, and India, nothing was settled; the treaty was thus no basis for a lasting peace.