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New Zealand Gazette, July 1.] The first shipment of cotton from the Fejee Islands was on view at the office of Messrs. Geo. A. Lloyd & Co. It is to be forwarded to England per Damascus. Some fine samples of cotton grown at Wagga Wagga had been on view at the Sydney Herald office. A gentleman well acquainted with the cotton trade, estimated that this would be worth at least 10d. per pound in England. England "desperate" for Cotton, may interfere in the war. [From the London Herald (Derby organ) Sept. 18.] We have only reports on which it is best not to comment further at present any more than on that other report, more momentous as regards ourselves, of the embargo laid on the cotton crop. This would indeed be a sign of desperation. Its object would be to force England to break the blockade. Trusting, as we do, that the war will not go on beyond Christmas, and having cotton enough to last till then, we need not take the matter into consideration as yet. We must oursel