leading slave trading nations in Europe made large amounts of money from it. In the autumn of 1786, the Swedish West India Company was established on the island. Gustav told investors that they could expect big profits in the future. Anyone who could afford it was allowed to buy shares, but Gustav kept 10 per cent of the shares for himself, which made him the largest shareholder. The king received one-quarter of all profits of the company and the other shareholders three quarters, even though the king owned only 10 per cent of the company. On October 31 of the same year, a privilege letter was made for the West India Company. The company was granted the right to trade slaves between Africa and the West Indies. Paragraph 14 in the letter states: "The Company is free to operate slave trade in Angola and the African coast, where such is permitted." On March 12, 1790, a new custom tax and constitution were introduced to the island. Both were designed to make Saint-Barthélemy into a haven for slave traders. The new laws gave astonishing opportunities for traders from all over the world. There was no duty on slaves imported from Africa to Saint-Barthélemy: Free import of slaves and trade with black slaves or so called new Negroes from Africa is granted to all nations without having to pay any charge at the unload. People from all over the Caribbean came to buy slaves. The government charged a small export duty on slaves sold from Saint-Barthélemy to other colonies. This duty was halved for slaves imported from Africa on Swedish ships, generating increased profits for the West India Company and other Swedish traders. The new constitution stated: Freedom for all on Saint Bartholomew living and arriving to arm and send out ships and shipments to Africa to buy slaves on the places thus is permitted for all nations. That way a new branch for the Swedish trade in Africa and the Coast of Guinea should arise. In 1813, Sweden was awarded control of Guadeloupe, a nearby French colony temporarily under British occupation. In 1814, though, with the fall of Napoleon, Sweden gave the island back to France. One of the first African slave in Sweden were Gustav Badin. He was taken from his parents at a young age and sold into slavery. Later Danish slave traders would bring him as a gift