I just pulled the transmission from a '47 PW to replace the oiled clutch. There was noticeable gear lube on the transmission input shaft which seems to be the source of the oil on the clutch. I pulled it apart (pic attached).

The "seal" is a labyrinth or "screw" seal with drain back to the case... no lip seal. All parts seem present and correct per the service manual. I did operate it on an extreme incline which could have flooded it but not sure.

Any ideas on how to dry this up?