a pack of paper money is inserted into a binding apparatus and positioned within multiple loops of a tape in involuted state , whereupon clampers grasp the pack from opposites thereof , an extension on one clamper pressing and holding the inner leading end of the tape against the pack , and a roller device draws a trailing part of the tape to tighten the tape loops around the pack . a cutter cuts the tape at the trailing part to form an outer trailing extremity of the tape , which is stuck with adhesive to the tightened tape thereby to complete the binding of the pack . the moving parts of the apparatus are controlled and actuated automatically when the pack is inserted into binding position in the apparatus .