P233 ORACLE 233 Wed25 Jul ITV 2305:25   NUMBER OF MORTGAGE U LOANS AT A RE£ORD B{jlftng Socierifs made a record number of mortgage loans despire a fall in savengs 3ays a report. The Chief Registrar of Friendly Societies says the liquidity ratio was cur from 21.6% to 18.8%. The ratio is the proportion of assets held in the form of invesrments and cash which some critics say is too high Nft inflow of imvea @P funds amounted to £3.5bn lasr xfar com0ared with £4bn in 1977, the repoit 3ays. Total assets of all societies at the end of lasr"xfar came to £39.5m and reserves totalled £1.5bv.