I'll tell you this bluntly. So far everyone giving you advice is not quite right.
On the '93, the hi-lo or "step" relay got moved to the passenger side in US. It is not on the drivers side. Let us know if you're in Canada.
The stalk only provides one function with respect to the headlights, so if it does the flash to pass it also is providing what it needs for the high beams to lock in via the relay. The problem is definitely not in the stalk.
However, that does not mean the relay is defective. Folks like to replace parts, rather than take the time to trace circuitry they don't understand. Unfortunately, the connections are the source of most electrical troubles, not the replaceable parts, so many of these expensive "relays" get replaced for no reason, and you foot the bill, even when the true reason (a dirty connection) is found.
Do this: Locate the step relay (a silver colored can) located on the passenger side fender under the hood. Remove and re-plug all of the connectors on it. If that doesn't fix it, take this URL http://www.volvowiringdiagrams.com to your mechanic and ask him to trace the trouble before replacing the step relay.
Please forgive my blunt approach assuming you want to see at night.

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Art Benstein near Baltimore
Free advice is sometimes worth what you pay for it.
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