The little brother to the British East India Co, and formed after the financially disastrous Cardiff Bay Bubble (even though that was found to be methane from effluent disgorged into the harbour). The Welsh West India Company operated out of the small Caribbean island of St Davids, though everyone referred to it as San Daffy. The company intended to get rich for its investors trading in furs of the Caribbean beaver. Alas that the 6 sample pelts sent back by the first hunters represented 75% of that animals population, and the two remaining males were never going to rebuild a thriving colony. So the company survived by trading for holiday souvenirs, such as wooden spoons and teatowels with red dragon designs, made in the tropics and sent back to Wales

The use of stamps started in 1858 with QV head issues, which were replaced by the decorative and colourful complementary pairs; one stamp for outgoing mail and one for incoming.

The end came when San Daffy experienced a plague, hurricane, volcanic eruption, earthquake and a tsunami in a matter of days. Today a few remnants of reef are all that remains of the island.