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| Tables | Home | » Away | First round | Second round |
| # | Team | M. | W | D | L | goals | Dif. | Pt. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Alloa Athletic | 18 | 10 | 4 | 4 | 27:26 | 1 | 34 |
| 2 |
|
Queen's Park FC | 18 | 9 | 2 | 7 | 29:31 | -2 | 29 |
| 3 |
|
Stranraer FC | 17 | 7 | 5 | 5 | 34:23 | 11 | 26 |
| 4 |
|
Berwick Rangers | 18 | 6 | 7 | 5 | 31:30 | 1 | 25 |
| 5 |
|
Peterhead FC | 18 | 8 | 1 | 9 | 26:30 | -4 | 25 |
| 6 |
|
Annan Athletic | 17 | 6 | 4 | 7 | 24:26 | -2 | 22 |
| 7 |
|
Elgin City | 17 | 4 | 6 | 7 | 22:42 | -20 | 18 |
| 8 |
|
Clyde FC | 17 | 3 | 6 | 8 | 11:22 | -11 | 15 |
| 9 |
|
Montrose FC | 18 | 4 | 2 | 12 | 24:42 | -18 | 14 |
| 10 |
|
East Stirlingshire FC | 17 | 1 | 2 | 14 | 14:53 | -39 | 5 |
| Promotion | |
| Playoffs | |
| Relegation |
