SM
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | PeterheadPeterhead | 20 | 16 | 2 | 2 | 45 | 15 | 30 | 50 |
| 2 | Stirling AlbionStirling | 20 | 8 | 5 | 7 | 36 | 32 | 4 | 29 |
| 3 | Clyde | 20 | 8 | 4 | 8 | 30 | 32 | -2 | 28 |
| 4 | Annan AthleticAnnan | 20 | 6 | 5 | 9 | 27 | 28 | -1 | 23 |
| 5 | Elgin CityElgin | 20 | 6 | 3 | 11 | 23 | 40 | -17 | 21 |
| 6 | Edinburgh CityEdinburgh | 20 | 4 | 5 | 11 | 25 | 39 | -14 | 17 |
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Montrose | 20 | 13 | 5 | 2 | 29 | 15 | 14 | 44 |
| 2 | Clyde | 20 | 7 | 8 | 5 | 25 | 20 | 5 | 29 |
| 3 | Annan AthleticAnnan | 20 | 6 | 9 | 5 | 24 | 16 | 8 | 27 |
| 4 | BerwickBerwick | 20 | 6 | 6 | 8 | 16 | 27 | -11 | 24 |
| 5 | StenhousemuirStenhousemuir | 20 | 5 | 8 | 7 | 26 | 24 | 2 | 23 |
| 6 | CowdenbeathCowdenbeath | 20 | 2 | 6 | 12 | 11 | 29 | -18 | 12 |
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