The Guadeloupe Fund ( sv, Guadeloupefonden) was established by

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic countries, Nordic c ...

Riksdag of the Estates Riksdag of the Estates ( sv, Riksens ständer; informally sv, Ståndsriksdagen) was the name used for the Estates of Sweden when they were assembled. Until its dissolution in 1866, the institution was the highest authority in Sweden next to t ...

in 1815 for the benefit of Crown Prince and

Regent A regent (from Latin : ruling, governing) is a person appointed to govern a state '' pro tempore'' (Latin: 'for the time being') because the monarch is a minor, absent, incapacitated or unable to discharge the powers and duties of the monarchy ...

Charles XIV John of Sweden sv, Karl Johan Baptist Julius , spouse = , issue = Oscar I of Sweden , house = Bernadotte , father = Henri Bernadotte , mother = Jeanne de Saint-Jean , birth_date = , birth_place = Pau, ...

, (Swedish: ''Karl XIV Johan'') also known as ''Jean Baptiste Jules Bernadotte'', and his heirs. Guadeloupe - Location Map (2013) - GLP - UNOCHA

Bernadotte had been one of the most successful soldiers in

Napoleonic Napoleon Bonaparte ; it, Napoleone Bonaparte, ; co, Napulione Buonaparte. (born Napoleone Buonaparte; 15 August 1769 – 5 May 1821), later known by his regnal name Napoleon I, was a French military commander and political leader who ...

France. He was a

Marshal of France Marshal of France (french: Maréchal de France, plural ') is a French military distinction, rather than a military rank, that is awarded to generals for exceptional achievements. The title has been awarded since 1185, though briefly abolished (1 ...

, former minister of war and had been created Prince of

Pontecorvo Pontecorvo is a town and ''comune'' in the province of Frosinone, Lazio, Italy. Its population is c. 13,200. History The village lies under Rocca Guglielma, a medieval fortification perched on an inaccessible spur. Its name derives from the '' ...

Napoleon Napoleon Bonaparte ; it, Napoleone Bonaparte, ; co, Napulione Buonaparte. (born Napoleone Buonaparte; 15 August 1769 – 5 May 1821), later known by his regnal name Napoleon I, was a French military commander and political leader wh ...

, before accepting the election as Crown Prince and heir to the Swedish throne. Under his adoptive father, the reigning and yet powerless King

Charles XIII of Sweden Charles XIII, or Carl XIII ( sv, Karl XIII, 7 October 1748 – 5 February 1818), was King of Sweden from 1809 and King of Norway from 1814 to his death. He was the second son (and younger brother to King Gustav III) of King Adolf Frederick of S ...

, Crown Prince Charles John was effectively the regent of the country, and when Sweden sided with Napoleon's enemies, Charles John came to be seen as a traitor to his native France. Upon Sweden's accession to the

Sixth Coalition Sixth is the ordinal form of the number six. * The Sixth Amendment, to the U.S. Constitution * A keg of beer, equal to 5 U.S. gallons or barrel * The fraction Music * Sixth interval (music)s: ** major sixth, a musical interval ** minor sixt ...

, the offer of a

West Indies The West Indies is a subregion of North America, surrounded by the North Atlantic Ocean and the Caribbean Sea that includes 13 independent island countries and 18 dependencies and other territories in three major archipelagos: the Grea ...

island by Britain was an attempt to, in some way, compensate for this. On February 4, 1810, the British seized the island of

Guadeloupe Guadeloupe (; ; gcf, label=Antillean Creole, Gwadloup, ) is an archipelago and overseas department and region of France in the Caribbean. It consists of six inhabited islands—Basse-Terre, Grande-Terre, Marie-Galante, La Désirade, and th ...

and held it a consequence of the Napoleonic Wars. Guadeloupe was conveniently located in proximity to the Swedish

colony In modern parlance, a colony is a territory subject to a form of foreign rule. Though dominated by the foreign colonizers, colonies remain separate from the administration of the original country of the colonizers, the '' metropolitan state'' ...

of Saint-Barthélemy. On March 3, 1813, the island was ceded by

Britain Britain most often refers to: * The United Kingdom, a sovereign state in Europe comprising the island of Great Britain, the north-eastern part of the island of Ireland and many smaller islands * Great Britain, the largest island in the United King ...

to "His Royal Majesty the King of Sweden, and his successor to the Swedish throne" according to the Act of Succession of September 26, 1810. This was supposedly in order to keep the Crown Prince "at least partially compensated for the donations and other property, which he had lost since being called to the succession of the Swedish throne", having also used proceeds of sales of his Italian and French property to pay off debts of Sweden and losses as a consequence of Sweden's involvement in the

Napoleonic Wars The Napoleonic Wars (1803–1815) were a series of major global conflicts pitting the French Empire and its allies, led by Napoleon I, against a fluctuating array of European states formed into various coalitions. It produced a period of Fre ...

. After France had been defeated and Napoleon exiled to

Elba Elba ( it, isola d'Elba, ; la, Ilva) is a Mediterranean island in Tuscany, Italy, from the coastal town of Piombino on the Italian mainland, and the largest island of the Tuscan Archipelago. It is also part of the Arcipelago Toscano Nationa ...

, the Treaty of Paris of 1814 settled the terms of the peace, in which Guadeloupe, having previously been a French possession, was returned to France. On August 13, 1814, a settlement of 24 million

franc The franc is any of various units of currency. One franc is typically divided into 100 centimes. The name is said to derive from the Latin inscription ''francorum rex'' (King of the Franks) used on early French coins and until the 18th cent ...

s was reached with Britain as a replacement for the intended compensation. The Crown Prince, acting as regent, used about half of the sum to pay off government debts; the rest went to various projects of public benefit. In recognition of this, the Riksdag of 1815 instituted that the Crown Prince and his heirs would receive an annual installment of 300,000

Riksdaler The svenska riksdaler () was the name of a Swedish coin first minted in 1604. Between 1777 and 1873, it was the currency of Sweden. The daler, like the dollar,''National Geographic''. June 2002. p. 1. ''Ask Us''. was named after the German Thale ...

, which was to be paid out in

perpetuity A perpetuity is an annuity that has no end, or a stream of cash payments that continues forever. There are few actual perpetuities in existence. For example, the United Kingdom (UK) government issued them in the past; these were known as cons ...

. In the middle of the 20th century the scheme came under close scrutiny. Following a settlement between

the Crown The Crown is the state in all its aspects within the jurisprudence of the Commonwealth realms and their subdivisions (such as the Crown Dependencies, overseas territories, provinces, or states). Legally ill-defined, the term has differ ...

of Britain and the

House of Bernadotte The House of Bernadotte is the royal family of Sweden since its foundation there in 1818. It was also the royal family of Norway between 1818 and 1905. Its founder, Charles XIV John of Sweden, was born in Pau in southern France as Jean Bernadott ...

, the last payment of the fund was made in 1983.

References

Other sources

*Calloway, Colin G. (2006) ''The Scratch of a Pen: 1763 and the Transformation of North America'' (Oxford University Press) *Höjer, Torvald (1943) ''Carl XIV Johan: Kronprinstiden'' (Stockholm: Nordstedts Förlag) *Knight, Franklin W. (1997) ''General History of the Caribbean'' (UNESCO) {{ISBN, 9789231031465 Swedish monarchy 1815 in Sweden Economic history of Sweden

See also

References

Other sources