| # | Scottish League Two | G | W | D | L | GF | GA | Pts | +- | ||
| ^ | Peterhead | 36 | 23 | 7 | 6 | 74 | 38 | 76 | 36 | Promoted | |
| - | Annan Athletic | 36 | 19 | 6 | 11 | 69 | 49 | 63 | 20 | ||
| - | Stirling Albion | 36 | 16 | 10 | 10 | 60 | 50 | 58 | 10 | ||
| - | Clyde | 36 | 17 | 6 | 13 | 50 | 48 | 57 | 2 | ||
| - | Berwick Rangers | 36 | 15 | 7 | 14 | 63 | 49 | 52 | 14 | ||
| - | Montrose | 36 | 12 | 10 | 14 | 44 | 56 | 46 | -12 | ||
| - | Albion Rovers | 36 | 12 | 8 | 16 | 41 | 54 | 44 | -13 | ||
| - | East Stirlingshire | 36 | 12 | 8 | 16 | 45 | 59 | 44 | -14 | ||
| - | Elgin City | 36 | 9 | 9 | 18 | 62 | 73 | 36 | -11 | ||
| - | Queens Park | 36 | 5 | 9 | 22 | 36 | 68 | 24 | -32 |