The judgment of the Supreme Court is affirmed, for the reasons given in the case of Peoples Bank and Trust Co. v. Passaic County Board of Taxation, decided at this term (ante p. 171).

For affirmance—The Chancellor, Ci-iiBe Justice, Garrison, Swayze, Trenchard, Bergen, Black, White, Williams, Gardner, JJ. 10. .

For reversal—Heppenhejmer, J. 1.