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| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Stenhousemuir | 36 | 18 | 14 | 4 | 50:31 | 68 |
| 2 | Peterhead | 36 | 16 | 12 | 8 | 58:39 | 60 |
| 3 | Spartans | 36 | 15 | 13 | 8 | 53:43 | 58 |
| 4 | Dumbarton | 36 | 16 | 9 | 11 | 56:44 | 57 |
| 5 | East Fife | 36 | 11 | 11 | 14 | 46:47 | 44 |
| 6 | Forfar Athletic | 36 | 9 | 15 | 12 | 38:45 | 42 |
| 7 | Elgin City | 36 | 10 | 10 | 16 | 35:59 | 40 |
| 8 | Bonnyrigg Rose Athletic | 36 | 9 | 12 | 15 | 47:48 | 39 |
| 9 | Clyde | 36 | 9 | 11 | 16 | 46:58 | 38 |
| 10 | Stranraer | 36 | 9 | 9 | 18 | 38:53 | 36 |