Let the height of the first tower be \( h_1 \) and the height of the second tower be \( h_2 = 140 \) metres. The horizontal distance between the two towers is \( 108 \) metres, and the angle of depression is \( 30^\circ \).
Step 1: Using the angle of depression.
The angle of depression from the top of the second tower to the top of the first tower is the same as the angle of elevation from the top of the first tower to the top of the second tower, which is \( 30^\circ \).
We can now use the tangent of the angle of elevation:
\[
\tan(30^\circ) = \frac{h_2 - h_1}{108}
\]
Substitute \( \tan(30^\circ) = \frac{1}{\sqrt{3}} \) into the equation:
\[
\frac{1}{\sqrt{3}} = \frac{140 - h_1}{108}
\]
Step 2: Solve for \( h_1 \).
Cross-multiply:
\[
140 - h_1 = \frac{108}{\sqrt{3}}
\]
\[
140 - h_1 = 108 \times \frac{\sqrt{3}}{3} = 108 \times \frac{1.732}{3} = 62.632
\]
\[
h_1 = 140 - 62.632 = 77.368
\]
Step 3: Conclusion.
The height of the first tower is approximately \( \boxed{77.65} \) metres, which corresponds to option (4).