| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1nonMover | Stranraer | 39 | 56 | +28 | 15 | 2 | 3 | 38 | 18 | 8 | 8 | 3 | 25 | 17 | ||
| 2nonMover | Berwick Rangers | 39 | 48 | +29 | 9 | 7 | 4 | 40 | 23 | 9 | 5 | 5 | 35 | 23 | ||
| 3nonMover | Stenhousemuir | 39 | 47 | +18 | 10 | 6 | 3 | 35 | 15 | 9 | 3 | 8 | 27 | 29 | ||
| 4nonMover | Meadowbank Thistle | 39 | 47 | +14 | 9 | 8 | 2 | 36 | 24 | 8 | 5 | 7 | 26 | 24 | ||
| 5nonMover | Queen of the South | 39 | 43 | +21 | 9 | 3 | 7 | 36 | 20 | 8 | 6 | 6 | 33 | 28 | ||
| 6nonMover | East Fife | 39 | 41 | +6 | 9 | 5 | 5 | 33 | 23 | 6 | 6 | 8 | 25 | 29 | ||
| 7nonMover | Alloa Athletic | 39 | 41 | +2 | 6 | 8 | 6 | 16 | 17 | 6 | 9 | 4 | 25 | 22 | ||
| 8nonMover | Forfar Athletic | 39 | 39 | 0 | 6 | 6 | 8 | 27 | 32 | 8 | 5 | 6 | 31 | 26 | ||
| 9nonMover | East Stirlingshire | 39 | 37 | -3 | 7 | 3 | 9 | 29 | 31 | 6 | 8 | 6 | 25 | 26 | ||
| 10nonMover | Montrose | 39 | 36 | -5 | 6 | 5 | 8 | 24 | 25 | 8 | 3 | 9 | 32 | 36 | ||
| 11nonMover | Queen's Park | 39 | 34 | -24 | 10 | 4 | 6 | 34 | 32 | 2 | 6 | 11 | 18 | 44 | ||
| 12nonMover | Arbroath | 39 | 33 | -25 | 6 | 8 | 5 | 24 | 28 | 6 | 1 | 13 | 18 | 39 | ||
| 13nonMover | Albion Rovers | 39 | 24 | -29 | 3 | 5 | 12 | 18 | 33 | 4 | 5 | 10 | 19 | 33 | ||
| 14nonMover | Cowdenbeath | 39 | 20 | -32 | 1 | 4 | 15 | 19 | 39 | 5 | 4 | 10 | 21 | 33 | ||
| Information panel |
|---|
| Stranraer were promoted to the new Division One while the bottom eight clubs formed a new Division Three with the addition of Caledonian Thistle and Ross County. |