Cheapskate trick to get an old reluctant sleeper to give power is to apply battery voltage directly to the field coil for a few moments as the dynamo spins. Initial output is determined by the residual magnetic field retained in the pole shoe, so on a neglected unit this will be marginal or non existent. Powering the field coil gives a good magnetic field, a little bit of help if you like.
Once it starts to generate, this jumper can be disconnected, the regulator effectively doing the same job by applying pulses of voltage to the field coil, changing the field strength and thereby altering and controlling the output. Watching an old Lucas regulator working in the dark will reveal a series of small sparks as the regulator contacts open and close rapidly as they go about their work.
Residual magnetism will build up with use, Mike's on the money here.
Swarfy.