factory regards to the Australian economy and society. In January 1853, the government approved the Melbourne and Hobsons Bay Railway Company establishment. This company was the father of the first steam railway line in Melbourne which marked the revolution of transportation in Australia. However, this is a short urban line and there was still no country line to connect cities within the colony. In February 1853, two companies that offered country lines: Geelong and Melbourne Railway company and Mount Alexander and Murray River Railway Company were given approved for establishment. The proposal for a wooden railway connecting Geelong and the Western Districts was approved for establishment in 1850. Before the construction of the 200-mile rail line, the company experienced bankruptcy. In 1853, a concrete proposal from Alexander Thompson introduced the idea of connecting to major cities Melbourne and Geelong had formed the foundation for the Geelong and Melbourne Railway company. The capital was 350,000 pounds in 17,500 shares of 20. The company's capital was also the initial planned project cost. The railway company was provided required land, fund, and a guaranteed dividend of 5% per year for its shares. Shareholders are mainly British in the UK or residence in the colony. The company had successfully delivered the first country line after approximately 3 years of construction. In 1856, the first service was provided between Geelong and Duck Ponds. The famous railway is the extended one to Little River, Werribee, and Greenwich. The company continued to operate a loss due to insufficient funds and labour shortage caused by the gold rush which were ongoing problems since the building process in 1854. In January 1859, O'Shanassy sent a request to House of Commons for allowance to purchase the railway company with 800,000 pounds. The author clarified that the excessive cost generated from inexperienced cost planning which cost the line twice to operate. In 1860, the company was under the Victoria government's control. Half-Yearly Meeting The company held 2 meetings per year and published 2 reports according to the meeting annually to announce the progress as well as incurred difficulties to stakeholders. The first meeting was conducted in the beginning of January and the second one was in the beginning of July. July 1854 The second half-yearly meeting in 1854 did not witness a numerous of attendees as expected which appeared to influence the Directors confidence. However, this meeting marked a milestone of