| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Arbroath | 36 | 20 | 6 | 10 | 80:61 | 19 | 66 | |
| 2. | Albion Rovers | 36 | 17 | 10 | 9 | 56:40 | 16 | 61 | |
| 3. | Queen's Park | 36 | 18 | 5 | 13 | 57:43 | 14 | 59 | |
| 4. | Annan | 36 | 16 | 11 | 9 | 58:45 | 13 | 59 | |
| 5. | Stranraer | 36 | 15 | 12 | 9 | 72:57 | 15 | 57 | |
| 6. | Berwick | 36 | 12 | 13 | 11 | 62:56 | 6 | 49 | |
| 7. | Elgin City | 36 | 13 | 6 | 17 | 53:63 | -10 | 45 | |
| 8. | Montrose | 36 | 10 | 7 | 19 | 47:61 | -14 | 37 | |
| 9. | East Stirlingshire | 36 | 10 | 4 | 22 | 33:62 | -29 | 34 | |
| 10. | Clyde | 36 | 8 | 8 | 20 | 37:67 | -30 | 32 |