Money is an uncommon surname, and very few men of this name have been Colonels in the British Army.
It is worth observing that the commanders of regiments or battallions are usually styled Colonels but more usually hold the rank of Lieutenant Colonels. It is also worth observing that retired officers generally advance one rank on an honorary basis, with Lieutenant Colonels becoming full Colonels.
Here is a better candidate:
Colonel John Ernle Money-Kyrle (born John Ernle Money) son of Reverend William Money, born 1 March 1812 at Clifton, Somerset, baptisied Calne, Wiltshire; educated Winchester School, joined 32nd Regiment 1832, Ensign in 1833, 1836-38 served in Canada; Captain in 1843; 1843 changed name by Royal Licence to John Ernle Money-Kyrle; 1851 Census age 39, resident in Tupsley, Herefordshire and described as "Captain in the Army H.P. [= half pay, i.e. not currently serving but not formally retired]"; four children born in 1850s (1852, 1853, 1855, 1857) all born in UK; 1861 Census age 49, resident in Much Marcle, Herefordshire, described as "Captain Army half pay", possibly significant: the household included Bertha Reuschen, age 30, governess, born in Stendel, Prussia; 1871 Census age 59, resident in Much Marcle, Herefordshire, described as "Lt. Col. [= Lieutentant Colonel] in the Army (formally), Magistrate and Deputy Lieutentant in the County of Hereford"; 1881 Census age 69, resident in Much Marcle, Herefordshire, described as "Retired Lieutentant Colonel in the Army, Magistrate for County of Hereford"; 1891 Census age 79, resident in Much Marcle, Herefordshire, described as "Lieutentant Colonel in the Army, J.P. [= Justice of the Peace, i.e. a magistrate], D.L. [= Deputy Lieutenant for the county]"; died 29 October 1894 at his home at Homme House, Much Marcle, Herefordshire. There is a considerable archive collection pertaining to the family in Wiltshire & Swindon Archives, reference no.1720.
I have found an OCR'd [optical character recognition] version of the 1917 book online: T.Plumpe "Die westfälische Schieferindustrie", Leipzig, 1917. I see that it describes "a retired lieutenant colonel [illegible couple of letters] Money" which seems to fit with the rank and status of John Ernle Money-Kyrle.