| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Peterhead | 18 | 11 | 6 | 1 | 37:16 | 21 | 39 | |
| 2. | Stirling | 18 | 9 | 6 | 3 | 34:22 | 12 | 33 | |
| 3. | Annan | 18 | 10 | 3 | 5 | 34:23 | 11 | 33 | |
| 4. | Berwick | 18 | 10 | 2 | 6 | 38:22 | 16 | 32 | |
| 5. | Albion Rovers | 18 | 10 | 2 | 6 | 23:20 | 3 | 32 | |
| 6. | Clyde | 18 | 9 | 3 | 6 | 29:24 | 5 | 30 | |
| 7. | Montrose | 18 | 7 | 4 | 7 | 21:24 | -3 | 25 | |
| 8. | East Stirlingshire | 18 | 6 | 6 | 6 | 26:28 | -2 | 24 | |
| 9. | Elgin City | 18 | 6 | 3 | 9 | 37:33 | 4 | 21 | |
| 10. | Queen's Park | 18 | 2 | 5 | 11 | 17:36 | -19 | 11 |