This should leave you with a stalk that will physically connect to the car but with a black and white and a black and yellow wire left over from the stalk.
These wires need to be connected in series with the black and yellow wire from pin J of the connector at the base of the stalk.
Identify pin "J" (NOTE: this may well have a black and white wire in addition to the black and yellow wire present. This is normal. It's a supply to the connector where the rain sensor would be). Note that there is a second black and yellow wire to another connection on the stalk, so be sure that you have correctly identified pin "J" from the legends on the bottom of the stalk.
Cut the black and yellow wire going to pin "J" leaving a couple of inches free. It might be helpful to tease this wire out of the lacing a little further up the wiring loom to liberate a little more free length. I soldered a mating pair of spade connectors to the ends of this wire so the original arrangement can be easily re-instated if required.
Solder another pair of spade (or bullet, etc. whatever's to hand) connectors to the free ends of the spare wires on the stalk. It doesn't matter which way round the variable resistor in the stalk is connected. Each of the wires from the stalk needs to be connected to one end of the black and yellow wire we have just cut.
Once the connection is made, apply some heat shrink sleeving or similar so that it is well insulated. Assemble the stalk but leave the steering column cowling off until it has been tested.
The following picture shows these wires joined by soldering followed by heat shrink sleeving (thanks to NickA):

Swapping the timer module is straightforward. It can be found in the engine bay relay box by the battery. It is a tall yellow module just in front of the two purple (engine management and fuel pump) relays at the back of the box.
Once this has been carried out, switch on the ignition and set the stalk to intermittent wipe. Check that the control allows the delay to be varied between about 3 and 16 seconds.
If a replacement timer from a car with variable intermittent wipe is not available, the following contribution from Ken T will be of interest:
I did the mod replacing the wiper stalk with one with a variable control, however the delays were too great, from 7sec to 15sec between sweeps. After a bit of investigation, I discovered that the minimum time was set by a 3K9 resistor on the wiper relay ( K8, tall yellow, 2nd from the right in the fuse box, with 2 fuses attached to the holder). After some experiments, I found that if you replace the the 3K9 with a 1K it gives a minimum sweep time of about 3secs, eg delay of 1sec, which is a lot more usable.
Its a bit of a fiddle getting into the relay, but not impossible. Don't ram something in too far or you might damaged the relay which is close to the sides.
I wouldn't go much lower than 1K, the controlling IC isa a TY93029A which I have never heard of, but 1K shouldn't cause any harm. I measured the variable pot as going from 600R to about 5K, so should be a safe mod.