| Position |
Team |
Played |
Goal Diff. |
Points |
| 1 |
Gretna |
36 |
101 |
98 |
| 2 |
Peterhead |
36 |
43 |
78 |
| 3 |
Cowdenbeath |
36 |
-7 |
51 |
| 4 |
Queens Park |
36 |
1 |
48 |
| 5 |
Montrose |
36 |
-6 |
46 |
| 6 |
Elgin |
36 |
-22 |
43 |
| 7 |
Stenhousemuir |
36 |
0 |
42 |
| 8 |
East Fife |
36 |
-16 |
38 |
| 9 |
Albion |
36 |
-38 |
34 |
| 10 |
East Stirling |
36 |
-56 |
22 |
|
