| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Gretna | 18 | 14 | 2 | 2 | 7 | 0 | 60 | 19 | +41 | 44 | 2.44 |
| 2 | Peterhead | 18 | 12 | 3 | 3 | 7 | 1 | 35 | 21 | +14 | 39 | 2.17 |
| 3 | Cowdenbeath | 18 | 6 | 5 | 7 | 2 | 2 | 30 | 29 | +1 | 23 | 1.28 |
| 4 | Montrose | 18 | 6 | 5 | 7 | 3 | 6 | 20 | 24 | -4 | 23 | 1.28 |
| 5 | Queen's Park | 18 | 6 | 4 | 8 | 4 | 6 | 27 | 26 | +1 | 22 | 1.22 |
| 6 | Albion Rovers | 18 | 5 | 6 | 7 | 3 | 5 | 20 | 32 | -12 | 21 | 1.17 |
| 7 | Stenhousemuir | 18 | 5 | 5 | 8 | 6 | 7 | 27 | 33 | -6 | 20 | 1.11 |
| 8 | Elgin City | 18 | 5 | 2 | 11 | 4 | 8 | 15 | 30 | -15 | 17 | 0.94 |
| 9 | East Fife | 18 | 3 | 4 | 11 | 2 | 5 | 23 | 37 | -14 | 13 | 0.72 |
| 10 | East Stirlingshire | 18 | 1 | 4 | 13 | 2 | 9 | 15 | 49 | -34 | 7 | 0.39 |
3 points for a win
Points per game, average goal difference then average goals scored applies
Points per game, average goal difference then average goals scored applies
