Saturday 6 December 1947 at Burnden Park (Att 26,304)

Bolton Wanderers (1) 3 (Moir 3, Lofthouse 47 53): Hanson, Roberts, Crook, Forrest, Hamlett, Howe, Woodward, Barrass, Lofthouse, Bradley, Moir.
Wolves (1) 2 (Smyth 40, Mullen 67): Williams, McLean, Pritchard, Crook, Shorthouse, Wright, Hancocks, Pye, Forbes, Smyth, Mullen.

Referee: Mr H Wright (Macclesfield).
Order of Goals: b,W,b,b,W.
Position: 8th.