| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Gretna | 16 | 9 | 2 | 5 | 6 | 4 | 19 | 16 | +3 | 29 | 1.81 |
| 2 | Stranraer | 16 | 6 | 5 | 5 | 4 | 5 | 17 | 17 | 0 | 23 | 1.44 |
| 3 | Peterhead | 16 | 6 | 4 | 6 | 7 | 4 | 22 | 18 | +4 | 22 | 1.38 |
| 4 | Stirling Albion | 16 | 5 | 6 | 5 | 6 | 7 | 17 | 14 | +3 | 21 | 1.31 |
| 5 | Cowdenbeath | 16 | 4 | 3 | 9 | 6 | 9 | 9 | 19 | -10 | 15 | 0.94 |
| 6 | Montrose | 20 | 4 | 6 | 10 | 3 | 6 | 22 | 43 | -21 | 18 | 0.90 |
| 7 | Queen's Park | 20 | 3 | 5 | 12 | 5 | 9 | 11 | 34 | -23 | 14 | 0.70 |
| 8 | Albion Rovers | 20 | 2 | 3 | 15 | 1 | 6 | 23 | 56 | -33 | 9 | 0.45 |
| 9 | Elgin City | 20 | 1 | 5 | 14 | 3 | 8 | 19 | 53 | -34 | 8 | 0.40 |
| 10 | East Stirlingshire | 20 | 0 | 1 | 19 | 0 | 9 | 13 | 67 | -54 | 1 | 0.05 |
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
