| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Kelty Hearts | 33 | 22 | 8 | 3 | 62 | 26 | 36 | 74 |
| 2 | Annan AthleticAnnan | 33 | 18 | 5 | 10 | 61 | 42 | 19 | 59 |
| 3 | Forfar AthleticForfar | 33 | 15 | 10 | 8 | 51 | 34 | 17 | 55 |
| 4 | Edinburgh CityEdinburgh | 33 | 13 | 9 | 11 | 41 | 43 | -2 | 48 |
| 5 | StenhousemuirStenhousemuir | 33 | 12 | 9 | 12 | 42 | 42 | 0 | 45 |
| 6 | StranraerStranraer | 33 | 11 | 8 | 14 | 45 | 50 | -5 | 41 |
| 7 | Stirling AlbionStirling | 33 | 10 | 8 | 15 | 35 | 43 | -8 | 38 |
| 8 | Albion RoversAlbion Rovers | 33 | 9 | 8 | 16 | 34 | 53 | -19 | 35 |
| 9 | Elgin CityElgin | 33 | 8 | 10 | 15 | 30 | 45 | -15 | 34 |
| 10 | CowdenbeathCowdenbeath | 33 | 6 | 7 | 20 | 24 | 47 | -23 | 25 |
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