| # | Scottish League Two | G | W | D | L | GF | GA | Pts | +- | ||
| ^ | Cowdenbeath | 36 | 24 | 4 | 8 | 81 | 34 | 76 | 47 | Promoted | |
| - | Berwick Rangers | 36 | 23 | 7 | 6 | 54 | 27 | 76 | 27 | ||
| - | Stenhousemuir | 36 | 23 | 4 | 9 | 78 | 38 | 73 | 40 | ||
| - | Arbroath | 36 | 16 | 7 | 13 | 57 | 47 | 55 | 10 | ||
| - | Elgin City | 36 | 15 | 7 | 14 | 55 | 58 | 52 | -3 | ||
| - | Queens Park | 36 | 13 | 12 | 11 | 47 | 42 | 51 | 5 | ||
| - | East Fife | 36 | 13 | 4 | 19 | 48 | 64 | 43 | -16 | ||
| - | Albion Rovers | 36 | 7 | 8 | 21 | 39 | 60 | 29 | -21 | ||
| - | Montrose | 36 | 6 | 10 | 20 | 31 | 59 | 28 | -28 | ||
| - | East Stirlingshire | 36 | 6 | 5 | 25 | 28 | 89 | 23 | -61 |