Ok so:
12v comes up with the indicator wiring
The sprung contact touches the slip ring on the column
The slip ring is connected to the wire coming up the centre of the column
The wire up through the column has a spring and touches the brass cup. The cup always touches the sprung wire, this is what returns it after pressing
The brass cup touches the black horn button (when you press the button) and this connects to the metal contact on the black horn button
This is connected to the screw underneath via the brass bent connection
The screw is earthed to the steering wheel
The steering wheel earths to the inner column which should complete the circuit via the steering rack
I have seen some people add an extra earth to the rack to ensure a good circuit.
That's just about it, but, if you don't mind my jumping in here, I think there's a bit more to it;-
Ok so:
12v comes up with the indicator wiring
Actually, I'm pretty sure it's,,,,,
12V from the fuse box on a Purple Wire to the Horn.
Leaves Horn on the other Terminal, as a Purple / Black wire.
This comes goes with the Indicator Wiring,,,,,
Then, as Timmy was saying;-
The sprung contact touches the slip ring on the column
The slip ring is connected to the wire coming up the centre of the column
The wire up through the column has a spring and touches the brass cup. The cup always touches the sprung wire, this is what returns it after pressing
The brass cup touches the black horn button (when you press the button) and this connects to the metal contact on the black horn button
This is connected to the screw underneath via the brass bent connection
The screw is earthed to the steering wheel
The steering wheel earths to the inner column which should complete the circuit via the steering rack
I have seen some people add an extra earth to the rack to ensure a good circuit.
Just jumping in here again,,,,,,
There's a contact from the outer Column Tube, via a copper or carbon block to a slip ring on the inner Column. The Purple / Black wire is connected to that copper or carbon block, this gives a 'rotary' connection from one to the other, but is a single connection only. If the Top (mechanical) Bush in the Column is worn, it can cause the Block and slip ring to loose contact and / or cause the coff coff 'spring' that gives some pressure to the block, to bend out of the way, so this is worth checking.
As Timmy mentioned, the other side of the Push Button is Earth via the Column and then the Rack after that, as the inner Column usually doesn't have any contact with Earth. Inside the Rack, the Earth path is in fact mostly through the Rack Ball Bearings, with a small bit going via the Pinion to the Inner Rack, to the Yoke. Because of this path, I would string recommend that a Relay be fitted, even with the stock Horn. I've found nearly always the top Bearing in racks from MKI's pitted from Electrical current.