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| Tables | » Home | Away | First round | Second round |
| # | Team | M. | W | D | L | goals | Dif. | Pt. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Alloa Athletic | 17 | 13 | 3 | 1 | 42:12 | 30 | 42 |
| 2 |
|
Elgin City | 18 | 11 | 3 | 4 | 43:17 | 26 | 36 |
| 3 |
|
Queen's Park FC | 17 | 10 | 4 | 3 | 40:14 | 26 | 34 |
| 4 |
|
Stranraer FC | 18 | 10 | 2 | 6 | 43:33 | 10 | 32 |
| 5 |
|
Annan Athletic | 18 | 7 | 5 | 6 | 28:26 | 2 | 26 |
| 6 |
|
Peterhead FC | 17 | 6 | 5 | 6 | 23:23 | 0 | 23 |
| 7 |
|
Montrose FC | 17 | 6 | 3 | 8 | 29:33 | -4 | 21 |
| 8 |
|
Berwick Rangers | 17 | 5 | 5 | 7 | 29:28 | 1 | 20 |
| 9 |
|
Clyde FC | 18 | 5 | 5 | 8 | 24:23 | 1 | 20 |
| 10 |
|
East Stirlingshire FC | 18 | 5 | 4 | 9 | 24:33 | -9 | 19 |
| Promotion | |
| Playoffs | |
| Relegation |
