| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Stenhousemuir | 35 | 11 | 5 | 0 | 6 | 8 | 1 | 1 | 1 | 2 | 68 |
| 2. | Peterhead | 35 | 10 | 1 | 0 | 4 | 5 | 3 | 1 | 6 | 5 | 57 |
| 3. | Dumbarton | 35 | 10 | 2 | 1 | 5 | 5 | 4 | 1 | 2 | 5 | 57 |
| 4. | Spartans | 35 | 5 | 3 | 1 | 8 | 8 | 3 | 1 | 2 | 4 | 55 |
| 5. | East Fife | 35 | 9 | 2 | 1 | 1 | 5 | 3 | 1 | 4 | 9 | 44 |
| 6. | Forfar Athletic | 35 | 5 | 3 | 1 | 1 | 8 | 5 | 3 | 4 | 5 | 42 |
| 7. | Elgin City | 35 | 4 | 4 | 2 | 5 | 3 | 2 | 1 | 3 | 11 | 40 |
| 8. | Bonnyrigg Rose | 35 | 6 | 5 | 1 | 1 | 5 | 6 | 1 | 2 | 8 | 36 |
| 9. | Clyde | 35 | 5 | 3 | 2 | 1 | 7 | 5 | 2 | 1 | 9 | 35 |
| 10. | Stranraer | 35 | 6 | 0 | 3 | 2 | 6 | 2 | 0 | 3 | 13 | 33 |