Generally, the current drawn by a motor is proportional to torque, and the voltage is proportional to speed. If the pump is regulated by pressure, as for a well pump, it will probably try to draw 2-3 times rated current when starting (locked rotor current), so your 240W 240VAC pump may draw 3 amps as it starts up, and the 10 ohm resistor will then drop the voltage to 210V.
Once the motor comes up to speed (assuming it does not stall because of low voltage), it will likely draw less than the rated 1 amp, but as the pressure builds, it may draw 1 amp if that corresponds to the torque required, but usually a motor would not be specified to work at full rated output.
What will probably happen is that the motor will run slower because of the lower voltage, and it may take longer to reach full pressure where the controller will turn off. But if it runs too slow, the "slip" may be excessive, and it might stall, where it will overheat and a thermal cutout may trip.
This is based on the assumption that this is an induction motor, PSC or maybe capacitor start. There would never be a good reason to purposely wire a resistor in series with a pump motor, but this question may be to see what may happen if there is a lot of resistance in the wiring to the pump.