Hello Danny,
sorry, I mis-read your post, I read it as having been rebuilt not needing to.
Jaguar engines of that era did tend to burn some oil and if your consumption is not excessive I wouldn't worry. (300 miles per pint say {1\2 litre}} It is worse if you drive the car hard, using a lot of revs.
The original 2.4's had Solex carburettors whilst the others had S.U.'s with an auxiliary starting carburettor which operated automatically. (I don't know if the 240 used the same system or had a manual choke).
Assuming yours is the same, there is a temperature switch at the front end of the water rail which mounts on the inlet manifold. This switch is closed when the engine is cold. When it is on there is a distinctive 'hiss' from the starting carburettor and it is possible that the thermal switch fails to open leaving the car running rich.
If it is switching off, then it probably needs to be adjusted. Looking at the auxiliarly carburettor , which is between the main ones, you will see the end of a small vertical needle, which protrudes through a nut. Screw this nut down to weaken the mixture.
Hope this helps, but if you need a more detailed description, e-mail me at
jwb808c@btinternet.com.
I can send you a photo which makes it clearer.
P.S. If it is running rich on the aux carb, that will worsen your oil burning by washing oil off the cylinders.
Alec
[ 07-27-2003: Message edited by: piman ]</p>