| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Stenhousemuir | 36 | 11 | 5 | 0 | 6 | 8 | 1 | 1 | 1 | 3 | 68 |
| 2. | Peterhead | 36 | 11 | 1 | 0 | 4 | 5 | 3 | 1 | 6 | 5 | 60 |
| 3. | Spartans | 36 | 5 | 3 | 1 | 9 | 8 | 3 | 1 | 2 | 4 | 58 |
| 4. | Dumbarton | 36 | 10 | 2 | 1 | 5 | 5 | 4 | 1 | 2 | 6 | 57 |
| 5. | East Fife | 36 | 9 | 2 | 1 | 1 | 5 | 4 | 1 | 4 | 9 | 44 |
| 6. | Forfar Athletic | 36 | 5 | 3 | 1 | 1 | 8 | 6 | 3 | 4 | 5 | 42 |
| 7. | Elgin City | 36 | 4 | 4 | 2 | 5 | 3 | 2 | 1 | 3 | 12 | 40 |
| 8. | Bonnyrigg Rose | 36 | 6 | 5 | 1 | 2 | 5 | 6 | 1 | 2 | 8 | 39 |
| 9. | Clyde | 36 | 6 | 3 | 2 | 1 | 7 | 5 | 2 | 1 | 9 | 38 |
| 10. | Stranraer | 36 | 7 | 0 | 3 | 2 | 6 | 2 | 0 | 3 | 13 | 36 |