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| Tables | » Home | Away | First round | Second round |
| # | Team | M. | W | D | L | goals | Dif. | Pt. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Alloa Athletic | 15 | 11 | 3 | 1 | 31:10 | 21 | 36 |
| 2 |
|
Elgin City | 16 | 10 | 3 | 3 | 40:14 | 26 | 33 |
| 3 |
|
Stranraer FC | 16 | 10 | 2 | 4 | 41:27 | 14 | 32 |
| 4 |
|
Queen's Park FC | 15 | 8 | 4 | 3 | 33:13 | 20 | 28 |
| 5 |
|
Annan Athletic | 16 | 7 | 4 | 5 | 27:22 | 5 | 25 |
| 6 |
|
Peterhead FC | 15 | 5 | 4 | 6 | 20:21 | -1 | 19 |
| 7 |
|
Clyde FC | 16 | 4 | 4 | 8 | 21:21 | 0 | 16 |
| 8 |
|
Berwick Rangers | 15 | 4 | 4 | 7 | 21:25 | -4 | 16 |
| 9 |
|
East Stirlingshire FC | 16 | 4 | 4 | 8 | 22:31 | -9 | 16 |
| 10 |
|
Montrose FC | 15 | 4 | 3 | 8 | 23:31 | -8 | 15 |
| Promotion | |
| Playoffs | |
| Relegation |
