Saturday 28 December 1946 at Arsenal Stadium, Highbury (Att 62,827)

Arsenal (1) 1 (Rocke 25): Swindin, Scott, Barnes, Sloan, L Compton, Mercer, McPherson, Logie, Rooke, B Jones, O’Flanagan.
Wolves (1) 1 (King 28): Williams, McLean, Crook, Galley, Cullis, Wright, King, Ramscar, Chatham, Forbes, Hancocks.

Referee: Mr G Tedds (Bestwood, Notts).
Order of Goals: a,W.
Position: 1st.