Step 1: Series LCR voltage rule.
In a series LCR circuit the supply voltage is $V = \sqrt{V_{R}^{2} + (V_{L} - V_{C})^{2}}$.
Step 2: Spot resonance.
$V_{1}$ reads $V_{L}=300$ V and $V_{2}$ reads $V_{C}=300$ V. Since they are equal, $V_{L}=V_{C}$, so the circuit is at resonance.
Step 3: Find $V_{3}=V_{R}$.
At resonance $V_{L}-V_{C}=0$, so $V = V_{R}$. With supply $220$ V, the resistor voltage $V_{3} = 220$ V.
Step 4: Impedance at resonance.
At resonance the impedance equals the resistance, $Z = R = 100\,\Omega$.
Step 5: Find the current.
\[ I = \frac{V}{Z} = \frac{220}{100} = 2.2 \text{ A} \]
Step 6: State both readings.
So $V_{3} = 220$ V and the ammeter reads $2.2$ A, which is option 4.
\[ \boxed{V_{3} = 220 \text{ V},\ I = 2.2 \text{ A}} \]