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Radnicki 1923 finished 1st, Kolubara 2nd.
| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Radnicki 1923 | 34 | 20 | 9 | 5 | 52:26 | 69 |
| 2 | Kolubara | 34 | 21 | 6 | 7 | 53:31 | 69 |
| 3 | Kabel Novi Sad | 34 | 18 | 11 | 5 | 41:18 | 65 |
| 4 | IMT Novi Beograd | 34 | 18 | 6 | 10 | 57:35 | 60 |
| 5 | Loznica | 34 | 15 | 9 | 10 | 57:42 | 54 |
| 6 | Zarkovo | 34 | 16 | 5 | 13 | 35:34 | 53 |
| 7 | Grafičar | 34 | 13 | 12 | 9 | 46:34 | 51 |
| 8 | Buducnost Dobanovci | 34 | 14 | 8 | 12 | 39:37 | 50 |
| 9 | Radnički Sr. Mitrovica | 34 | 14 | 5 | 15 | 39:30 | 47 |
| 10 | Železničar Pančevo | 34 | 13 | 5 | 16 | 38:43 | 44 |
| 11 | Dubočica | 34 | 9 | 12 | 13 | 30:43 | 39 |
| 12 | Radnicki Pirot | 34 | 10 | 9 | 15 | 32:46 | 39 |
| 13 | Dinamo Vranje | 34 | 11 | 5 | 18 | 39:53 | 38 |
| 14 | Borac Cacak | 34 | 11 | 9 | 14 | 38:37 | 36 |
| 15 | FK Trayal | 34 | 9 | 8 | 17 | 31:44 | 35 |
| 16 | Jagodina | 34 | 7 | 14 | 13 | 30:48 | 29 |
| 17 | Zemun | 34 | 7 | 6 | 21 | 24:51 | 27 |
| 18 | Sloga Kraljevo | 34 | 5 | 11 | 18 | 24:53 | 26 |
| Player | Team | Goals |
|---|---|---|
| D. Komarčević | Loznica | 14 |
| A. Mesarović | Kabel Novi Sad | 12 |
| D. Savić | Dubočica | 12 |
| G. Matić | Loznica | 11 |
| S. Stanojlović | Loznica | 11 |