| Standings | P | W | D | L | GD | PTS | |
|---|---|---|---|---|---|---|---|
| 1 | Peterhead | 36 | 19 | 9 | 8 | 12 | 66 |
| 2 | East Fife | 36 | 20 | 5 | 11 | 28 | 65 |
| 3 | Edinburgh City | 36 | 17 | 5 | 14 | 7 | 56 |
| 4 | Elgin City | 36 | 16 | 7 | 13 | 7 | 55 |
| 5 | Spartans FC | 36 | 15 | 7 | 14 | 1 | 52 |
| 6 | Stirling Albion | 36 | 14 | 6 | 16 | -7 | 48 |
| 7 | Clyde | 36 | 11 | 10 | 15 | -5 | 43 |
| 8 | Stranraer | 36 | 11 | 7 | 18 | -8 | 40 |
| 9 | Forfar Athletic | 36 | 8 | 12 | 16 | -13 | 36 |
| 10 | Bonnyrigg Rose Athletic | 36 | 12 | 6 | 18 | -22 | 36 |
