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In page Swedish West India Company:
"The West India Company was founded on October 31, 1786, on the proposal of Swedish Secretary of State John Liljencrantz. According to his proposal, the company would be chartered on January 1, 1787, for a period of 15 years. The company sought shares from English businessmen, and King Gustav III of Sweden owned 10% of the shares, making him the largest single shareholder. Although the company was headquartered in Stockholm, the main trading activities took place in Gustavia on the island of St. Barthélemy. The main purpose of the company was not only to open trade between Sweden and the remaining forces of New Sweden in the Caribbean and North America, but also to monopolize that trade.[citation needed]
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