League Table
| # | Team Name | P | W | D | L | F | A | GD | PTS |
| 1 | Alloa Athletic | 36 | 23 | 8 | 5 | 70 | 39 | +31 | 77 |
| 2 | Queen's Park | 36 | 19 | 6 | 11 | 70 | 48 | +22 | 63 |
| 3 | Stranraer | 36 | 17 | 7 | 12 | 77 | 57 | +20 | 58 |
| 4 | Elgin City | 36 | 16 | 9 | 11 | 68 | 60 | +8 | 57 |
| 5 | Peterhead | 36 | 15 | 6 | 15 | 51 | 53 | –2 | 51 |
| 6 | Annan Athletic | 36 | 13 | 10 | 13 | 53 | 53 | 0 | 49 |
| 7 | Berwick Rangers | 36 | 12 | 12 | 12 | 61 | 58 | +3 | 48 |
| 8 | Montrose | 36 | 11 | 5 | 20 | 58 | 75 | –17 | 38 |
| 9 | Clyde | 36 | 8 | 11 | 17 | 35 | 50 | –15 | 35 |
| 10 | East Stirling | 36 | 6 | 6 | 24 | 38 | 88 | –50 | 24 |
Results
F
T
- Alloa Athletic
- 1 - 1
- Annan Athletic
F
T
- Berwick Rangers
- 1 - 0
- Stranraer
F
T
- Montrose
- 5 - 0
- Clyde
F
T
- Peterhead
- 2 - 0
- East Stirling
F
T
- Queen's Park
- 1 - 3
- Elgin City
F
T
- Annan Athletic
- 0 - 3
- Peterhead
F
T
- Clyde
- 1 - 1
- Alloa Athletic
F
T
- East Stirling
- 2 - 1
- Berwick Rangers
F
T
- Elgin City
- 2 - 1
- Montrose
F
T
- Stranraer
- 2 - 3
- Queen's Park
