| # | Scottish League Two | G | W | D | L | GF | GA | Pts | +- | ||
| ^ | Alloa Athletic | 36 | 23 | 8 | 5 | 70 | 39 | 77 | 31 | Promoted | |
| - | Queens Park | 36 | 19 | 6 | 11 | 70 | 48 | 63 | 22 | ||
| Stranraer | 36 | 17 | 7 | 12 | 77 | 57 | 58 | 20 | Promoted | ||
| - | Elgin City | 36 | 16 | 9 | 11 | 68 | 60 | 57 | 8 | ||
| - | Peterhead | 36 | 15 | 6 | 15 | 51 | 53 | 51 | -2 | ||
| - | Annan Athletic | 36 | 13 | 10 | 13 | 53 | 53 | 49 | 0 | ||
| - | Berwick Rangers | 36 | 12 | 12 | 12 | 61 | 58 | 48 | 3 | ||
| - | Montrose | 36 | 11 | 5 | 20 | 58 | 75 | 38 | -17 | ||
| - | Clyde | 36 | 8 | 11 | 17 | 35 | 50 | 35 | -15 | ||
| - | East Stirlingshire | 36 | 6 | 6 | 24 | 38 | 88 | 24 | -50 |