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If you have straight fuel mix instead of cooling water dripping out of the shifter area, you have a bigger problem than a worn shifter bore. Since the carb was rebuilt, the float level might be set way too high or a piece of rotten fuel line might be jammed in the float valve causing massive flooding. I doubt if the motor would run properly or even start if either of these conditions were present.
Any leakage out the shift lever is caused by an old dried out O ring or physical wear of the bore. The shifters shaft is made of stainless steel which rides in a soft aluminum bore and since the shift lever seldom gets greased, the bore tends to wear causing the leak. Lots of people are not aware of the grease fitting in the shift lever so it gets missed when the grease gun is out.
Click on the following link and it will show you how I repair this common problem.