My method is to find the equation of the chord wrt to the point $P$ and the midpoint, say $O(\alpha,\beta)$ and then compare them.
Equation of the the chord wrt to $P$ is$^1$: $$T=0 \text{ where } T=12x+20y-1.$$
So the equation of the chord is: $$12x+20y-1=0\tag1$$
The equation of the chord wrt to $O$ is$^2$
$$T^{'}=S_1 \text{ where } T^{'}=3\alpha x+4\beta y-1 \text{ and } S_1=3\alpha^2+4\beta ^2-1. $$
So the equation of the chord is: $$3\alpha x+4\beta y-1-3\alpha^2-4\beta ^2+1=0\tag2$$
Now since $(1) \text{ and } (2) $ are equations of same line then they are equivalent then we have on comparing $$ O(\alpha,\beta)=O(4,5). $$
Which is wrong and absurd, but why? There seems to be no mistake in this method. The answer is $O(\frac{1}{37},\frac{5}{148}).$
The diagram of the question is here.
1: $T=0$ is true for all conics, and hence for circles as well.
2: $T=S_1$ is true for all conic curves in general, but I found this shown online for parabolas only.

The chord of contact obtained from $T=0$ for $(4,5)$ is $$3x \cdot 4 + 4y \cdot 5=1$$ and from $T=S_1$ for $(\alpha, \beta)$ is $$3x \cdot \alpha+4y \cdot \beta=3\alpha^2+4\beta^2$$
Their coefficients must be proportional, so $$\frac{\alpha}{4}=\frac{\beta}{5}=\frac{3\alpha^2+4\beta^2}{1}$$
From first two of these simultaneous equations, $\beta = \frac{5}{4}\alpha$. Using this with first and third, $$\frac{\alpha}{4}=3\alpha^2+4\left( \frac{5}{4}\alpha \right)^2 \Rightarrow \alpha = \frac{1}{37}$$
Hence $(\alpha, \beta) = (\frac{1}{37},\frac{5}{4}\cdot \frac{1}{37})=(\frac{1}{37},\frac{5}{148})$.
Thus the method used by comparing $T=0$ and $T=S_1$ is completely correct.