I went back and knocked on the door but the lady who answered insisted it was not theirs. I am also missing the spring mechanism for the kick starter. The previous owner has filled up the space on the shaft where the kick start would have gone with washers. I noticed on the u-tube videos which Tyler linked me to that some of them started with a crank handle. I am guessing that the magneto cover/flywheel may have been changed over at sometime. Not a big problem in any case as I have always preferred an electric start.
I flushed the fuel tank and carburettor with clean fuel, pumped the primer a couple of times and I could see fuel coming out the air intake. With an electric drill and a 13/16 socket I gave it a spin.
It started almost instantly and I could not believe how smoothly it ran, I was expecting a lot of popping and jumping off from the bench.
Ran for about 40 seconds and quit. Tried a few things with the fuel and eventually got around to spark. None at all.
Pulled the flywheel off and blew everything out with a little air. That's when I realised that there is no keyway on the driveshaft. I did find some marks on the flywheel and the magneto housing so lined them up with tdc and reassembled. (I will try to post a photo of these later) Still no spark. I believe that even if I have the timing way out, if everything else is working correctly I should get a spark.
I will try to find the time to pull the flywheel off tomorrow and see if I can test any of the components. I think I would need to be pretty lucky to replace any of them if they are faulty. Any suggestions are welcome