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| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Arbroath | 36 | 18 | 12 | 6 | 63:36 | 66 |
| 2 | Forfar Athletic | 36 | 18 | 10 | 8 | 69:49 | 64 |
| 3 | Annan Athletic | 36 | 18 | 4 | 14 | 61:58 | 58 |
| 4 | Montrose | 36 | 14 | 10 | 12 | 44:53 | 52 |
| 5 | Elgin City | 36 | 14 | 9 | 13 | 67:47 | 51 |
| 6 | Stirling Albion | 36 | 12 | 11 | 13 | 50:59 | 47 |
| 7 | Edinburgh City | 36 | 11 | 10 | 15 | 38:45 | 43 |
| 8 | Berwick Rangers | 36 | 10 | 10 | 16 | 50:65 | 40 |
| 9 | Clyde | 36 | 10 | 8 | 18 | 49:64 | 38 |
| 10 | Cowdenbeath | 36 | 9 | 8 | 19 | 40:55 | 35 |