The judgment is affirmed, for the reasons expressed in the opinion of the Supreme Court, as supplemented by the opinion of this court in the case of Jersey Central Power and Light Co. v.State Board of Tax Appeals, decided this day, 131 N.J.L. 565.

For affirmance — THE CHANCELLOR, CHIEF JUSTICE, PARKER, BODINE, HEHER, PERSKIE, PORTER, WELLS, RAFFERTY, HAGUE, THOMPSON, DILL, JJ. 12.

For reversal — None. *Page 571