| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Stranraer | 36 | 24 | 7 | 5 | 87:30 | 57 | 79 | |
| 2. | Stirling | 36 | 23 | 8 | 5 | 78:27 | 51 | 77 | |
| 3. | Gretna | 36 | 20 | 8 | 8 | 59:39 | 20 | 68 | |
| 4. | Peterhead | 36 | 18 | 7 | 11 | 67:37 | 30 | 61 | |
| 5. | Cowdenbeath | 36 | 15 | 10 | 11 | 46:39 | 7 | 55 | |
| 6. | Montrose | 36 | 12 | 12 | 12 | 52:63 | -11 | 48 | |
| 7. | Queen's Park | 36 | 10 | 11 | 15 | 41:53 | -12 | 41 | |
| 8. | Albion Rovers | 36 | 12 | 4 | 20 | 66:75 | -9 | 40 | |
| 9. | Elgin City | 36 | 6 | 7 | 23 | 48:93 | -45 | 25 | |
| 10. | East Stirlingshire | 36 | 2 | 2 | 32 | 30:118 | -88 | 8 |