OK, here is my humble attept:

First, I have used a 17l bucket, cheaply bought from Plastics for Africa. The nearest I could get in the shape that would still allow the garage door to close.

I have added a drip tray that I have painted gray. On top of the mill you can also see the motor cooling system I have added. Now the motor runs cooler as well as the milling cutter.

The mill is mounted on spacers, that I have sealed with silicone rubber seals as well as a lot of silicone. It is not leaking at all.

The drain is from a boat shop. A smaller than usual basin drain, linked with a pipe to the container.

The return pipe I have covered with a T-shirts sleave to catch all steelal swarf. The material is freeflow for the water. The motor is lying loose. I will make a T fitting later to circulate some fluid directly back to lighter the strain on the motor. It is stronger than needed.

The pipe is coupled to a cheap plastic coolant spout set. Easily and very cheap to replace. This whole set-up is the price of one milling cutter.

Here the coolant is running at the rate I like currently. Time will learn if I should adjust. The flow is aimed on the workpiece, well away from the cutter, but the cutter get enough fluid to stay almost cold, but without the rotating cutter spattering water. (OK, OK, OK, I know the cutter is stationary but I have already switched off when I realised I forgot to take a pic of this last step.
This is a cheap set-up. Only time will learn if the motor's seals or the motor will last. Some people say it will not. Other said they have used it some years like that. So the hell with that. I am trying. If it can last at least a year, then I would have got my money back. I will have to drill a drainage hole in the tables side plate, as currently the coolant is damming up in the t-slots. The cover plate can be removed, so a hole of about 6mm will be enough.
Edited By Johan Crous on 23/01/2013 17:06:31