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| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Peterhead | 36 | 24 | 7 | 5 | 65:29 | 79 |
| 2 | Clyde | 36 | 23 | 5 | 8 | 63:35 | 74 |
| 3 | Edinburgh City | 36 | 20 | 7 | 9 | 58:31 | 67 |
| 4 | Annan Athletic | 36 | 20 | 6 | 10 | 70:39 | 66 |
| 5 | Stirling Albion | 36 | 13 | 8 | 15 | 44:45 | 47 |
| 6 | Cowdenbeath | 36 | 12 | 7 | 17 | 46:46 | 43 |
| 7 | Queen's Park | 36 | 11 | 10 | 15 | 44:47 | 43 |
| 8 | Elgin City | 36 | 13 | 4 | 19 | 52:67 | 43 |
| 9 | Albion Rovers | 36 | 7 | 6 | 23 | 32:71 | 27 |
| 10 | Berwick Rangers | 36 | 5 | 4 | 27 | 27:91 | 19 |