A 9ct gold medal, the obverse inscribed Scottish League Championship 2nd. Divn., the reverse inscribed Raith Rovers F.C., F. Joyner, 1937-38, with ring suspension; and a 9ct gold and silver medal, the reverse inscribed Berwick Rangers F.C., G. Hope, East of Scot League, 1946-47, with ring suspension
Raith Rovers won the Division 2 Championship this season with a total of 59 points, Albion Rovers being runners-up 48 points (2)