| # | Scottish League Two | G | W | D | L | GF | GA | Pts | +- | ||
| ^ | Rangers | 36 | 25 | 8 | 3 | 87 | 29 | 83 | 58 | Promoted | |
| - | Peterhead | 36 | 17 | 8 | 11 | 52 | 28 | 59 | 24 | ||
| - | Queens Park | 36 | 16 | 8 | 12 | 60 | 54 | 56 | 6 | ||
| - | Berwick Rangers | 36 | 14 | 7 | 15 | 59 | 55 | 49 | 4 | ||
| - | Elgin City | 36 | 13 | 10 | 13 | 67 | 69 | 49 | -2 | ||
| - | Montrose | 36 | 12 | 11 | 13 | 60 | 68 | 47 | -8 | ||
| - | Stirling Albion | 36 | 12 | 9 | 15 | 59 | 58 | 45 | 1 | ||
| - | Annan Athletic | 36 | 11 | 10 | 15 | 54 | 65 | 43 | -11 | ||
| - | Clyde | 36 | 12 | 4 | 20 | 42 | 66 | 40 | -24 | ||
| - | East Stirlingshire | 36 | 8 | 5 | 23 | 49 | 97 | 29 | -48 |