He added that not being able to drive would affect his job, saying: "That's it. At my age that's my livelihood."
When it was clear he was not going to be arrested, Swift refused a request to sign the police paperwork and drove off.
Yesterday he denied speeding when he appeared at Scarborough Magistrates Court.
Sergeant John Clayton and PC Ian Barrett said the Jaguar roared past their speed trap on the A64 near Malton, North Yorkshire.
PC Barrett said they heard the car engine "working very hard.'
"It was quite a high-pitched noise,' he said. The officers gave chase, with lights and sirens on, driving at more than 160km/h. When he stopped, Swift said he had spent the day playing golf and inspecting housing projects.
He claimed to have been travelling at no more than 100km/h. He refused to sit in the patrol car and wouldn't sign a notice of intended prosecution.
"We weren't exactly seeing eye to eye,' he told the court. "I was not too impressed with his attitude. We were reasonably civil to each other, but in the end I said 'Either arrest me and get me a solicitor or let me go.' I was certainly not doing 100. I do not think the car is even capable of 147. It is limited to 155 on the speedo.'
Swift was found guilty of speeding and fined A3;700 with A3;650 costs. He was also banned from driving for nine months.
Magistrate David Harrison said: "In my experience of nearly 30 years on the bench, 147mph is one of the highest readings I have experienced.'
Later Sgt Clayton said: "This was the worst speeding offence I have ever come across.
"My day job is a road death investigator. If something had gone wrong at that speed I might not have been dealing with Mr Swift, I might have been dealing with his family in a different capacity.'
- DAILY MAIL