| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 36 | 78 | +38 | 24 | 6 | 6 | 63 | 25 | |
| 2 | Forfar Athletic | 36 | 63 | +15 | 18 | 9 | 9 | 59 | 44 |
| 3 | 36 | 61 | +4 | 19 | 4 | 13 | 50 | 46 | |
| 4 | Queen's Park | 36 | 51 | 0 | 15 | 6 | 15 | 42 | 42 |
| 5 | Albion Rovers | 36 | 50 | 0 | 13 | 11 | 12 | 35 | 35 |
| 6 | 36 | 50 | -4 | 14 | 8 | 14 | 46 | 50 | |
| 7 | Stranraer | 36 | 47 | -6 | 13 | 8 | 15 | 48 | 54 |
| 8 | Annan Athletic | 36 | 43 | -1 | 11 | 10 | 15 | 41 | 42 |
| 9 | Elgin City | 36 | 34 | -13 | 9 | 7 | 20 | 46 | 59 |
| 10 | Montrose | 36 | 24 | -33 | 5 | 9 | 22 | 30 | 63 |