World Library  
Flag as Inappropriate
Email this Article

Guadeloupe Fund

Article Id: WHEBN0000358139
Reproduction Date:

Title: Guadeloupe Fund  
Author: World Heritage Encyclopedia
Language: English
Subject: 1815 in Sweden, Economic history of Sweden, Swedish monarchy, Pontecorvo, Swedish colonization of the Americas
Publisher: World Heritage Encyclopedia

Guadeloupe Fund

The Guadeloupe Fund (Swedish: Guadeloupefonden) was established by Sweden's Riksdag of the Estates in 1815 for the benefit of Crown Prince and Regent Charles XIV John of Sweden, also known as Jean-Baptiste Bernadotte, and his heirs.

On March 3, 1813, the island of Guadeloupe was ceded by Britain 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. Crown Prince Charles, or Jean-Baptiste Bernadotte, had been one of the most successful soldiers in Napoleonic France. He was Empire Marshal of France, a former minister of war and had been created Prince of Ponte Corvo by Napoleon, before accepting the election as heir to the Swedish throne. Under his adoptive father, the reigning and yet powerless King Charles XIII of Sweden, the Crown Prince was effectively the regent of the country, and when Sweden sided with Napoleon's enemies, Bernadotte came to be seen as a traitor to his native France. Upon Sweden's accession to the Sixth Coalition, the offer of a West Indies island by Britain was an attempt to, in some way, compensate for this. Guadeloupe was conveniently located in proximity to the Swedish colony of Saint-Barthélemy.

After France had been defeated and Napoleon was exiled to Elba, 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 francs 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, which was to be paid out in perpetuity.

In the middle of the 20th century the scheme came under close scrutiny and, following a settlement between the Crown and the House of Bernadotte, the last payment of the fund was made in 1983.


See also

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.