| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Peterhead | 18 | 12 | 4 | 2 | 27:12 | 15 | 40 | |
| 2. | Clyde | 18 | 12 | 3 | 3 | 35:18 | 17 | 39 | |
| 3. | Edinburgh City | 18 | 11 | 3 | 4 | 31:12 | 19 | 36 | |
| 4. | Annan | 18 | 10 | 4 | 4 | 42:21 | 21 | 34 | |
| 5. | Cowdenbeath | 18 | 8 | 3 | 7 | 28:24 | 4 | 27 | |
| 6. | Queen's Park | 18 | 7 | 6 | 5 | 24:21 | 3 | 27 | |
| 7. | Stirling | 18 | 8 | 2 | 8 | 19:18 | 1 | 26 | |
| 8. | Elgin City | 18 | 7 | 2 | 9 | 27:35 | -8 | 23 | |
| 9. | Albion Rovers | 18 | 3 | 3 | 12 | 14:40 | -26 | 12 | |
| 10. | Berwick | 18 | 3 | 2 | 13 | 13:40 | -27 | 11 |