| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Cove Rangers | 28 | 22 | 2 | 4 | 76:34 | 42 | 68 | |
| 2. | Edinburgh City | 27 | 17 | 4 | 6 | 49:28 | 21 | 55 | |
| 3. | Elgin City | 28 | 12 | 7 | 9 | 48:34 | 14 | 43 | |
| 4. | Cowdenbeath | 27 | 12 | 5 | 10 | 37:35 | 2 | 41 | |
| 5. | Queen's Park | 28 | 11 | 7 | 10 | 37:35 | 2 | 40 | |
| 6. | Stirling | 28 | 10 | 6 | 12 | 34:35 | -1 | 36 | |
| 7. | Annan | 27 | 9 | 4 | 14 | 33:54 | -21 | 31 | |
| 8. | Stenhousemuir | 28 | 7 | 8 | 13 | 32:48 | -16 | 29 | |
| 9. | Albion Rovers | 26 | 6 | 6 | 14 | 37:51 | -14 | 24 | |
| 10. | Brechin | 27 | 4 | 5 | 18 | 31:60 | -29 | 17 |