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Thank you for all your help I think 'distressed' is too kind! Think a visit to my local motor electrician is in order!!
Me too , look closely at switch ......Curious about the up/down switch as I don't see how you can achieve up/off/down (which I'm assuming is the operation) with only two wires.
Me too , look closely at switch .
Resistor a bit small to discharge cap , but reduce speed in one direction ?
( No liability accepted for BAD advice )
If it's a stepper motor then I can't help, but if it's a single phase induction motor I have a thought, for what it's worth.
I think the R was in series with the C and they are used to create the phase shift in the 2nd motor winding needed to start it. (It looks like a diy mod - not happy ...). So the floating R wire should be attached to the top brown wire that goes to the switch. I've attached a diagram of what I've in mind. Please remember this is a 230V motor and the wiring is clearly in a distressed state and not suitable for use, in my humble opinion.
View attachment 36918
Just revealing "GUT" feeling part of Fault finding process for others to see ...It's not using only 2 wires, the OP had missed out a Blue wire in his original diagram.