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Ken Budd's answer is incorrect: There is only a potential engine problem when the oil light comes on permanently.
The speedo/mileometer on thge Majesty normally sends pulses to a counter that switches on the oil-change warning light at 3,000 km. If the speedo/mileometer ceases to function the oil-change warning light blinks steadily simply to let you know the pulses aren't getting sent to the counter.
The most likely problem is a broken speedo cable; a new one costs £5.72 from AJSutton and you can easily fit it yourself: Take off the windscreen then reach through the gap above the headlamp to unscrew the outer cable beneath the speedo.
I've got the same problem as you right at the moment with my 1996 Majesty but in my case its the gear unit on the front axle (to which the speedo cable connects) that has stopped working: I'm currently on the look out for a new gear unit. Does anybody have one ?
If you can hear it while your driving its the speedo and not the cable. Replace speedometer or whole gauge cluster.( What ever is easyer) You can find one on ebay. It could also be the speedo sensor on the top back half on the engine. REAL EXPENSIVE! Even for a used one. About $150 bucks for the sensor. And about the same for the Cluster.
most of the older cars have a cable driven speedo but newer cars are elecitronic it could be the little motor behined the gages or the wiring going down to the tranny check the cheepest first
Sounds like a wiring/connector problem. Could be the common earth connection that has corroded. Check all wires that go to BOTH the rev counter and the speedo, since both went out at the same time.
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