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| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Raith Rovers | 28 | 15 | 8 | 5 | 49:33 | 53 |
| 2 | Falkirk | 28 | 14 | 10 | 4 | 54:18 | 52 |
| 3 | Airdrie United | 28 | 14 | 6 | 8 | 38:27 | 48 |
| 4 | Montrose | 28 | 15 | 2 | 11 | 48:38 | 47 |
| 5 | East Fife | 28 | 12 | 9 | 7 | 44:36 | 45 |
| 6 | Dumbarton | 28 | 11 | 5 | 12 | 35:44 | 38 |
| 7 | Clyde | 28 | 9 | 7 | 12 | 35:43 | 34 |
| 8 | Peterhead | 27 | 7 | 5 | 15 | 30:44 | 26 |
| 9 | Forfar Athletic | 28 | 6 | 6 | 16 | 26:47 | 24 |
| 10 | Stranraer | 27 | 2 | 10 | 15 | 28:57 | 16 |