It was shown in Part 1 of this series that in swirl-free flow there are three different types of axial causes of steady conically similar viscous flow. The three corresponding swirl-free one-parameter families of exact solutions to the Navier–Stokes equations are presented and analysed here in terms of the basic conservation principles for volume and ring circulation. The simplest is the irrotational flow generated by a uniform distribution of volume sources along a half-axis. A second, independent, one-parameter family of solutions is provided by Landau's (1943) solution, where the second moment of ring circulation about the axis is produced at the origin at a finite constant rate. Fresh insight into the nature of this flow is gained by separating and comparing the roles of the diffusion and convection terms in the flux vector for ring circulation. A similar analysis is applied to the remaining independent one-parameter family caused by an antisymmetric (about the origin) conically similar axial distribution of the singularity in Landau's solution. This simple new family of exact solutions is characterized by opposed jets neighbouring the axis of symmetry. When the axial jets are directed inwards, they always erupt into an emergent axisymmetric jet normal to the axis of symmetry. Solutions fail to exist, however, for sufficiently strong axial jets directed outwards.