We study theoretically the electrical current and low-frequency noise for a linear Josephson junction structure on a topological insulator, in which the superconductor forms a closed ring and currents are injected from normal regions inside and outside the ring. We find that this geometry offers a signature for the presence of gapless 1D Majorana fermion modes that are predicted in the channel when the phase difference phi, controlled by the magnetic flux through the ring, is pi. We show that for low temperature the linear conductance jumps when phi passes through pi, accompanied by non-local correlations between the currents from the inside and outside of the ring. We compute the dependence of these features on temperature, voltage and linear dimensions, and discuss the implications for experiments.