Can't diagnose white smoke out of exhaustpipe

My first 240 burnt oil and smoked - every single piston ring was broken into small pieces (unknown to me) but it still ran. I went to Scotland in it!
 
Did you look underneath it at the chassis rails and floors?

They do look good don't they these rally Datsuns, even if they are a visual copy of a 'works' car?
 
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