ions is
adjusted by the clearing-house to the profit or loss of the seller.

The London Produce Clearing-House was established in 1888 for regulating
and adjusting bargains in foreign and colonial produce. The object of
the association is to guarantee both to the buyer and the seller the
fulfilment of bargains for future delivery. The transactions on either
side are allowed to accumulate during a month and an adjustment made at
the end by a settlement of the final balance owing. On the same lines
are the Caisse de Liquidation at Havre and the Waaren Liquidations Casse
at Hamburg. The Cotton Association also has a clearing-house at
Liverpool for clearing the transactions which arise from dealings in
cotton.

AUTHORITIES.--W. Howarth, _Our Clearing System and Clearing Houses_
(1897), _The Banks in the Clearing House_ (1905); J.G. Cannon,
_Clearing-houses, their History, Methods and Administration_ (1901);
H.T. Easton, _Money, Exchange and Banking_ (1905); and the various
volumes of the _Journal of the Institute of Bankers_. (T.A.I.)

CLEAT (a word common in various forms to many Teutonic languages, in the
sense of a wedge or lump, cf. "clod" and "clot"), a wedge-shaped piece
of wood fastened to ships' masts and elsewhere to prevent a rope, collar
or the like from slipping, or to act as a step; more particularly a
piece of wood or metal with double or single horns used for belaying
ropes. A "cleat" is also a wedge fastened to a ship's side to catch the
shores in a launching cradle or dry dock. "Cleat" is also used in mining
for the vertical cleavage-planes of coal.

CLEATOR MOOR, an urban district in the Egremont parliamentary division
of Cumberland, England, 4 m. S.E. of White-haven, served by the Furness,
London & North-Western and Cleator & Workington Junction railways. Pop.
(1901) 8120. The town lies between the valleys of the Ehen and its
tributary the Dub Beck, in a district rich in coal and iron ore. The
mining of these, together with blast furnaces and engineering works,
occupies the large industrial population.

CLEAVERS, or GOOSE-GRASS, _Galium Aparine_ (natural order Rubiaceae), a
common plant in hedges and waste places, with a long, weak, straggling,
four-sided, green stem, bearing whorls of 6 to 8 narrow leaves, 1/2 to 2
in. long, and, like the angles of the stem, rough from the presence of
short, stiff, downwardly-pointing, hooked hairs. The small, white,
regular flowers are b