Afternoon Dave M.
The leaflet that came with my Pratt Burnerd chuck states:
Clean and lubricate the chuck at regular intervals (whatever they are!)
To obtain maximum benefit the chuck parts should be cleaned thoroughly with Trichloro-ethylene or Carbon-tetrachloride.
I don't believe either of these two chemicals are readily available any more but I stand to be corrected on this point. (H&S and all that guff)
I would be extra careful when using kerosene or paraffin (they are different oils) but there are quite a few proprietary degreasers readily available.
Lubricant recommended by Pratt Burnerd is Molycote-D or grease containing molybdenum-disulphide applied with a clean brush.
Len. P.