That's the kill switch wire. The HT lead is gooone!
You will need to pull the coil off, to see where the HT lead fits. Straighten out that wee brass tab, and disconnect the coil LT wires from the points/stator plate.
Pull the coil outwards off the stator post. In the boss that's on the side of the coil, there's a deep hole - which should have the pointy end of a self-tapping screw visible down inside it.
Cheers,
Gadge
"ODK Mods can explain it to you, but they can't understand it for you..."
"Crazy can be medicated, ignorance can be educated - but there is no cure for stupid..."
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