| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Peterhead | 18 | 13 | 2 | 3 | 42:18 | 24 | 41 | |
| 2. | Montrose | 18 | 12 | 4 | 2 | 29:13 | 16 | 40 | |
| 3. | Stirling | 18 | 8 | 3 | 7 | 31:28 | 3 | 27 | |
| 4. | Stenhousemuir | 18 | 6 | 8 | 4 | 24:21 | 3 | 26 | |
| 5. | Clyde | 18 | 7 | 3 | 8 | 29:27 | 2 | 24 | |
| 6. | Annan | 18 | 6 | 3 | 9 | 25:24 | 1 | 21 | |
| 7. | Berwick | 18 | 4 | 4 | 10 | 10:32 | -22 | 16 | |
| 8. | Elgin City | 18 | 4 | 3 | 11 | 23:45 | -22 | 15 | |
| 9. | Edinburgh City | 18 | 3 | 5 | 10 | 18:31 | -13 | 14 | |
| 10. | Cowdenbeath | 18 | 1 | 7 | 10 | 11:21 | -10 | 10 |