| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Peterhead | 36 | 79 | +36 | 24 | 7 | 5 | 65 | 29 |
| 2 | Clyde | 36 | 74 | +28 | 23 | 5 | 8 | 63 | 35 |
| 3 | Edinburgh City | 36 | 67 | +27 | 20 | 7 | 9 | 58 | 31 |
| 4 | Annan Athletic | 36 | 66 | +31 | 20 | 6 | 10 | 70 | 39 |
| 5 | Stirling Albion | 36 | 47 | -1 | 13 | 8 | 15 | 44 | 45 |
| 6 | Cowdenbeath | 36 | 43 | 0 | 12 | 7 | 17 | 46 | 46 |
| 7 | Queen's Park | 36 | 43 | -3 | 11 | 10 | 15 | 44 | 47 |
| 8 | Elgin City | 36 | 43 | -15 | 13 | 4 | 19 | 52 | 67 |
| 9 | Albion Rovers | 36 | 27 | -39 | 7 | 6 | 23 | 32 | 71 |
| 10 | 36 | 19 | -64 | 5 | 4 | 27 | 27 | 91 |