Pos Team Pld Pts GD Home   Away
  W D L F A   W D L F A
1 Stranraer 20 40   7 2 1 16 8   4 5 1 14 9
2 Berwick Rangers 20 39   4 4 2 18 13   7 2 1 24 10
3 Stenhousemuir 20 33   5 3 2 18 8   4 3 3 16 14
4 Queen of the South 20 33   5 3 2 16 6   4 3 3 16 15
5 Meadowbank Thistle 20 32   5 4 1 20 14   3 4 3 12 11
6 Queen's Park 20 28   6 1 3 20 19   2 3 5 9 18
7 East Stirlingshire 20 27   4 2 4 14 11   3 4 3 11 10
8 Forfar Athletic 20 27   3 3 3 16 17   4 3 4 17 17
9 Montrose 20 26   3 4 4 17 16   4 1 4 12 13
10 20 26   4 3 3 11 9   2 5 3 14 16
11 Arbroath 20 23   3 5 2 8 12   3 0 7 11 20
12 Alloa Athletic 20 19   2 4 4 9 12   1 6 3 10 12
13 Albion Rovers 20 14   2 3 5 12 16   1 2 7 8 22
14 Cowdenbeath 20 10   1 2 7 10 20   1 2 7 7 18