Is an absolute pig of a design. And, exhausting 'used' engine breath into the air box (prior to the filter element) is even more stupid! Especially if one has a K & N filter fitted.
If oil is running out of the drain tube then the filter is contaminated with engine oil. Why you might ask? Because the hose from the engine crankcase enters the air box at the front (of the box) and the drain is at the rear. Between which is the filter element.
Add to the equation the seal that sits around the breather shaft, the size of a dime and cost of bullion, that is a tenuous part of the system and you have an oil puddle frequently.
The fix. To prevent oil entering air box. In my case paid out a considerable amount for a new seal and breather disc. Followed instructions carefully re fitting seal in particular. No change. Oil still contaminating air box.
Real fix. Blank off inlet into air box (large self tapping screw). Run breather pipe to atmosphere and fit a small K & N glass encased filter to the end of the hose, or inline, to prevent backfeeding of crap into the engine.
No worries now. Clean out glass filter every now and again. I believe that the actual induction of the three carbs. causes such a vacumn in the air box that the sealing qualities of the aforemenioned seal are overcome and oil is actually sucked up the tube along with the shockingly toxic after products of combustion.
This system was designed no doubt to satisfy environmental limitations.
Go too
www.britishcycle.com
click on engine breather kits and read up on the Bunn Breather. Mines in the mail.
Good Luck.