In this Part—

• “cash” means coins and banknotes in any currency;

• “banking instrument” means—

  1. a

     cheques and other instruments to which section 4 of the Cheques Act 1957 (c. 36) applies;

  2. b

     any document (other than one mentioned in section 4(2)(c) of that Act) issued by a public officer which is intended to enable a person to obtain payment from a government department of the sum mentioned in it;

  3. c

     promissory notes (other than banknotes);

  4. d

     other negotiable instruments; and

  5. e

     money orders and postal orders; and

• “money” means cash and banking instruments but does not include any cash or instrument which has an intrinsic value greater than any value it may have as a medium of exchange; and any reference to the value of money is, unless the context otherwise requires, a reference to—

  1. a

     the amount of cash;

  2. b

     where that cash is in a currency other than sterling, the amount in sterling which that cash would realise on its conversion under section 177(3) of this Act;

  3. c

     the amount in cash which would be obtained were the value of a banking instrument realised; and

  4. d

     in the case where money comprises both cash and instruments, the aggregate of the amounts referred to in, as the case may be, paragraphs (a) to (c) above.