| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Peterhead | 16 | 9 | 3 | 4 | 3 | 3 | 28 | 20 | +8 | 30 | 1.88 |
| 2 | Annan Athletic | 16 | 7 | 3 | 6 | 4 | 1 | 33 | 25 | +8 | 24 | 1.50 |
| 3 | Clyde | 16 | 7 | 3 | 6 | 4 | 4 | 17 | 25 | -8 | 24 | 1.50 |
| 4 | East Stirlingshire | 20 | 8 | 4 | 8 | 3 | 5 | 25 | 30 | -5 | 28 | 1.40 |
| 5 | Stirling Albion | 16 | 6 | 4 | 6 | 2 | 3 | 27 | 25 | +2 | 22 | 1.38 |
| 6 | Elgin City | 20 | 6 | 3 | 11 | 3 | 2 | 35 | 41 | -6 | 21 | 1.05 |
| 7 | Albion Rovers | 20 | 4 | 4 | 12 | 4 | 9 | 16 | 33 | -17 | 16 | 0.80 |
| 8 | Berwick Rangers | 16 | 3 | 3 | 10 | 2 | 4 | 23 | 33 | -10 | 12 | 0.75 |
| 9 | Montrose | 20 | 3 | 6 | 11 | 3 | 9 | 17 | 36 | -19 | 15 | 0.75 |
| 10 | Queen's Park | 20 | 1 | 3 | 16 | 0 | 11 | 13 | 48 | -35 | 6 | 0.30 |
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
