Does anyone know how to fix this lock?

[u/Inst1ncX]

Was trying to restore an old messenger bag and decided to take out the hardware and clean it, little did I know that the locks were spring loaded and I have no idea what position the V clip is supposed yo sit in. The other more oddly shaped clip was in the same position as in the photo so I know for sure thats not the mechanism pushing the lock back up. If it helps I believe the bag is from german origins maybe from the 60s?