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| Tables | Home | » Away | First round | Second round |
| # | Team | M. | W | D | L | goals | Dif. | Pt. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Alloa Athletic | 17 | 10 | 3 | 4 | 26:25 | 1 | 33 |
| 2 |
|
Stranraer FC | 16 | 7 | 5 | 4 | 33:20 | 13 | 26 |
| 3 |
|
Queen's Park FC | 17 | 8 | 2 | 7 | 26:29 | -3 | 26 |
| 4 |
|
Berwick Rangers | 17 | 6 | 7 | 4 | 30:28 | 2 | 25 |
| 5 |
|
Annan Athletic | 16 | 6 | 4 | 6 | 24:24 | 0 | 22 |
| 6 |
|
Peterhead FC | 17 | 7 | 1 | 9 | 23:30 | -7 | 22 |
| 7 |
|
Elgin City | 16 | 4 | 5 | 7 | 19:39 | -20 | 17 |
| 8 |
|
Clyde FC | 16 | 3 | 5 | 8 | 10:21 | -11 | 14 |
| 9 |
|
Montrose FC | 17 | 4 | 2 | 11 | 23:40 | -17 | 14 |
| 10 |
|
East Stirlingshire FC | 16 | 1 | 2 | 13 | 13:50 | -37 | 5 |
| Promotion | |
| Playoffs | |
| Relegation |
