| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Peterhead | 18 | 11 | 4 | 3 | 33:15 | 18 | 37 | |
| 2. | Stenhousemuir | 18 | 9 | 7 | 2 | 26:18 | 8 | 34 | |
| 3. | Dumbarton | 18 | 9 | 6 | 3 | 28:16 | 12 | 33 | |
| 4. | Elgin City | 18 | 8 | 6 | 4 | 21:20 | 1 | 30 | |
| 5. | Stranraer | 18 | 8 | 4 | 6 | 27:19 | 8 | 28 | |
| 6. | Spartans | 18 | 6 | 6 | 6 | 24:26 | -2 | 24 | |
| 7. | East Fife | 18 | 6 | 5 | 7 | 25:27 | -2 | 23 | |
| 8. | Forfar Athletic | 18 | 5 | 8 | 5 | 22:25 | -3 | 23 | |
| 9. | Clyde | 18 | 6 | 5 | 7 | 19:27 | -8 | 23 | |
| 10. | Bonnyrigg Rose | 18 | 5 | 7 | 6 | 27:22 | 5 | 22 |