You have the wrong switch. I can supply the correct one for £12.50 +P&P.
In my opinion, it's not worth butchering the wiring to make the wrong switch work, but if you want to persist ;-
On your original switch ;-
B - Battery (via fuse)
G - Ground
S - Starter Solenoid (probably via several safety switches - connects to 'B' when switch at 'START')
M - Magneto (connects to 'G' when 'off')
L - Load (connects to 'B' when 'on')
You will have to meter out your new switch and swap the connections around n the connector block to match. It is entirely possible that the new switch will not provide the right combination (eg you may find that the lights only work when the starter's engaged or whatever).
BE SURE YOU DO NOT APPLY BATTERY VOLTAGE TO THE MAGNETO.
phil_saunders@bigfoot.com
Phil Saunders
December 2008