from the flywheel magneto base plate there should be a green, black, red and yellow wires.

Connect yellow to number 1 on the connector block,

red to 2,
black to 3
and green to 4.
From 3 on connector block a black wire should run to HT coil live.
From 4 on connector block a white wire should run and be earthed by a HT coil retaning screw.
If you want to connect a cut out switch run a wire to live (unearthed) side of switch from number 3
on connector block.
When depressed the cutout should earth this connection.
If wires from magneto have been changed black wire should connect to terminal on points (along
with condensor).
Green to tightly wound coil on stator plate (next to condensor) red to other end of this coil.
Yellow connects to other coil on base plate.
The most important wire not to be snagged to earth is the black wire from points to connector
block and on to coil.
Easier still is to fit an electronic system available with diagram and easy timing instuctions from
Bultaco uk.
Tim