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| Tables | Home | » Away | First round | Second round |
| # | Team | M. | W | D | L | goals | Dif. | Pt. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Alloa Athletic | 14 | 8 | 3 | 3 | 23:20 | 3 | 27 |
| 2 |
|
Stranraer FC | 14 | 6 | 5 | 3 | 30:17 | 13 | 23 |
| 3 |
|
Queen's Park FC | 14 | 7 | 2 | 5 | 21:21 | 0 | 23 |
| 4 |
|
Berwick Rangers | 15 | 5 | 6 | 4 | 27:26 | 1 | 21 |
| 5 |
|
Peterhead FC | 15 | 5 | 1 | 9 | 19:30 | -11 | 16 |
| 6 |
|
Annan Athletic | 13 | 4 | 3 | 6 | 17:22 | -5 | 15 |
| 7 |
|
Elgin City | 13 | 3 | 4 | 6 | 14:29 | -15 | 13 |
| 8 |
|
Clyde FC | 14 | 2 | 5 | 7 | 9:18 | -9 | 11 |
| 9 |
|
Montrose FC | 14 | 3 | 2 | 9 | 19:34 | -15 | 11 |
| 10 |
|
East Stirlingshire FC | 14 | 1 | 2 | 11 | 11:41 | -30 | 5 |
| Promotion | |
| Playoffs | |
| Relegation |
