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| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | East Fife | 36 | 18 | 8 | 10 | 62:41 | 62 |
| 2 | Elgin City | 36 | 17 | 8 | 11 | 59:46 | 59 |
| 3 | Clyde | 36 | 17 | 6 | 13 | 56:45 | 57 |
| 4 | Queen's Park | 36 | 15 | 11 | 10 | 46:32 | 56 |
| 5 | Annan Athletic | 36 | 16 | 8 | 12 | 69:57 | 56 |
| 6 | Berwick Rangers | 36 | 14 | 7 | 15 | 45:50 | 49 |
| 7 | Stirling Albion | 36 | 13 | 9 | 14 | 47:46 | 48 |
| 8 | Montrose | 36 | 11 | 10 | 15 | 50:70 | 43 |
| 9 | Arbroath | 36 | 11 | 6 | 19 | 42:51 | 39 |
| 10 | East Stirlingshire | 36 | 9 | 5 | 22 | 41:79 | 32 |