D. C. MCINTYRE.

Manawatu Herald, Volume XXIX, Issue 3770, 7 September 1907, Page 3

D. C. MCINTYRE.

A In the Clutches of Money v Lenders. Remanded for Sentence. Christchurch, September 6. D. C. Mclntyre gave to Detective Mcllveney a voluminous written statement, which was handed into Court to-day, when Mclntyre was brought up on remand. The statement said that two years ago he gave up the manufacturing business he was then conducting, being financially embar- / rassed to the extent of several i hundred pounds. To save bankruptcy he borrowed from moneylenders. He was then paying interest on the money at the rate 40 per cent, per annum. He entered the employ of the Exhibition, and the duties took him to ~ w parts of the colony. _ In his absence his creditors sued him, and rather than risk his position again, he had recourse again to the money-lenders. With heavy interest and the difficulty of extraction from the lenders’ grasp, matters became worse and worse. He givdTinstances of how the moneylenders piled on the charges. Finally he paid off his liability, paying more money in interest alone than he received as principal. KlLi The pressure of other creditors, ' illness in his family, and the demands of usurers worried him, but he expected a bonus sufficient in amount to materially help him. The Mclntyre Presentation Committee’s amount was stated in, the newspapers to be £xoo, but he only received Unfortunately he used the Exhibition money referred to, not with the intention of robbing the authorities, but meaning to pay the respective sums to the director of finance before the Exhibition closed. He was suspended by the General Manager on April Bth, but no reason was given, and he went to Wellington with the object of waiting for sufficient funds to pay the defalcations before an en- , quirji took place. Being short of mondy, he cashed the cheques on whicn the charges of false pretences were laid. The statement gives long details of the experience of Mclntyre at Monte Video and on the voyage. Accused pleaded guilty, and was remanded for sentence to the Supreme Court.