| # | Scottish League Two | G | W | D | L | GF | GA | Pts | +- | ||
| ^ | Albion Rovers | 36 | 22 | 5 | 9 | 61 | 33 | 71 | 28 | Promoted | |
| - | Queens Park | 36 | 17 | 10 | 9 | 51 | 34 | 61 | 17 | ||
| - | Arbroath | 36 | 16 | 8 | 12 | 65 | 46 | 56 | 19 | ||
| - | East Fife | 36 | 15 | 8 | 13 | 56 | 48 | 53 | 8 | ||
| - | Annan Athletic | 36 | 14 | 8 | 14 | 56 | 56 | 50 | 0 | ||
| - | Clyde | 36 | 13 | 8 | 15 | 40 | 50 | 47 | -10 | ||
| - | Elgin City | 36 | 12 | 9 | 15 | 55 | 58 | 45 | -3 | ||
| - | Berwick Rangers | 36 | 11 | 10 | 15 | 60 | 57 | 43 | 3 | ||
| - | East Stirlingshire | 36 | 13 | 4 | 19 | 40 | 66 | 43 | -26 | ||
| - | Montrose | 36 | 9 | 6 | 21 | 42 | 78 | 33 | -36 |