| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Stranraer | 18 | 13 | 2 | 3 | 51:14 | 37 | 41 | |
| 2. | Peterhead | 18 | 10 | 5 | 3 | 38:13 | 25 | 35 | |
| 3. | Stirling | 18 | 10 | 5 | 3 | 37:12 | 25 | 35 | |
| 4. | Gretna | 18 | 9 | 5 | 4 | 29:18 | 11 | 32 | |
| 5. | Montrose | 18 | 7 | 4 | 7 | 31:34 | -3 | 25 | |
| 6. | Cowdenbeath | 18 | 7 | 3 | 8 | 25:27 | -2 | 24 | |
| 7. | Albion Rovers | 18 | 6 | 2 | 10 | 36:35 | 1 | 20 | |
| 8. | Queen's Park | 18 | 5 | 5 | 8 | 20:24 | -4 | 20 | |
| 9. | Elgin City | 18 | 4 | 5 | 9 | 23:34 | -11 | 17 | |
| 10. | East Stirlingshire | 18 | 2 | 2 | 14 | 22:51 | -29 | 8 |