I read a article about this. The King at the time played both sides. When dealing with the British he would drop hints that he was on very good terms with the French and if he was ever attacked that he could count on them for support. When dealing with the French he told them how he was on very god terms with the English and if attacked if attacked that they would come to his support. That is the short version, but basically he very shrewdly played both sides against each other.
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