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It's possible something is wrong with the switch and not working properly.

First Pull of the switch is Anchor lite only.
Second pull is running lights which include the anchor.

Use a test light on the switch to see if you have power on the terminals "R" and "H" when you pull the switch in both positions.
http://www.whalercentral.com/articles...icle_id=51

I just had to buy a new M-532 switch for my Montauk as the bow light would not come on.