| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Montrose | 36 | 23 | 8 | 5 | 60:35 | 25 | 77 | |
| 2. | Peterhead | 36 | 24 | 4 | 8 | 79:39 | 40 | 76 | |
| 3. | Stirling | 36 | 16 | 7 | 13 | 61:52 | 9 | 55 | |
| 4. | Stenhousemuir | 36 | 15 | 9 | 12 | 56:47 | 9 | 54 | |
| 5. | Clyde | 36 | 14 | 9 | 13 | 52:50 | 2 | 51 | |
| 6. | Elgin City | 36 | 14 | 7 | 15 | 54:61 | -7 | 49 | |
| 7. | Annan | 36 | 12 | 11 | 13 | 49:41 | 8 | 47 | |
| 8. | Berwick | 36 | 9 | 10 | 17 | 31:59 | -28 | 37 | |
| 9. | Edinburgh City | 36 | 7 | 9 | 20 | 37:62 | -25 | 30 | |
| 10. | Cowdenbeath | 36 | 4 | 10 | 22 | 23:56 | -33 | 22 |