| # | Scottish League Two | G | W | D | L | GF | GA | Pts | +- | ||
| ^ | Gretna | 36 | 32 | 2 | 2 | 130 | 29 | 98 | 101 | Promoted | |
| ^ | Peterhead | 36 | 23 | 9 | 4 | 81 | 38 | 78 | 43 | Promoted | |
| - | Cowdenbeath | 36 | 14 | 9 | 13 | 54 | 61 | 51 | -7 | ||
| - | Queens Park | 36 | 13 | 9 | 14 | 51 | 50 | 48 | 1 | ||
| - | Montrose | 36 | 13 | 7 | 16 | 47 | 53 | 46 | -6 | ||
| - | Elgin City | 36 | 12 | 7 | 17 | 39 | 61 | 43 | -22 | ||
| - | Stenhousemuir | 36 | 10 | 12 | 14 | 58 | 58 | 42 | 0 | ||
| - | East Fife | 36 | 10 | 8 | 18 | 40 | 56 | 38 | -16 | ||
| - | Albion Rovers | 36 | 8 | 10 | 18 | 40 | 78 | 34 | -38 | ||
| - | East Stirlingshire | 36 | 5 | 7 | 24 | 32 | 88 | 22 | -56 |