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| Tables | Home | » Away | First round | Second round |
| # | Team | M. | W | D | L | goals | Dif. | Pt. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Alloa Athletic | 16 | 10 | 3 | 3 | 26:20 | 6 | 33 |
| 2 |
|
Stranraer FC | 15 | 7 | 5 | 3 | 32:18 | 14 | 26 |
| 3 |
|
Queen's Park FC | 16 | 8 | 2 | 6 | 25:26 | -1 | 26 |
| 4 |
|
Berwick Rangers | 16 | 6 | 6 | 4 | 29:27 | 2 | 24 |
| 5 |
|
Annan Athletic | 15 | 5 | 4 | 6 | 22:23 | -1 | 19 |
| 6 |
|
Peterhead FC | 16 | 6 | 1 | 9 | 20:30 | -10 | 19 |
| 7 |
|
Elgin City | 15 | 4 | 5 | 6 | 18:31 | -13 | 17 |
| 8 |
|
Montrose FC | 16 | 4 | 2 | 10 | 22:38 | -16 | 14 |
| 9 |
|
Clyde FC | 15 | 2 | 5 | 8 | 9:21 | -12 | 11 |
| 10 |
|
East Stirlingshire FC | 15 | 1 | 2 | 12 | 12:45 | -33 | 5 |
| Promotion | |
| Playoffs | |
| Relegation |
