That hole is a drain hole. It serves to allow condensation to escape. If gasoline is dripping from it, there is an internal problem. Most likely the float valve is not stopping the flow of gasoline, or the float itself is either out of adjustment or has become compromised in some way. Carburetors are NOT simple, but neither are they difficult to work on if you have previous mechanical experience and some basic tools.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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