Thanks for all the responses.
The oil I am currently using is Central No Smoke Oil !!!! Again this is what the previous owner used.
My plan now is:-
Change the oil in the clutch and gearbox so I know exactly how much there is. Then I can monitor if I am losing any through the seals.
Drain the petrol tank and then use some fully synthetic oil, but not going too lean.
Strip the carb and clean it.
I have found a number of manuals for the Cota 247 but they all stop around 1975, is there one for the 1978, it is a 21m26000. Just want to be armed with the correct information before I go diving in.