Wednesday 27 January 1931 at Recreation Ground (Att 10,000)

Chesterfield (0) 1 (Abel 64): Ashmore, Hamilton, Wright, McIntyre, Froggatt, Helliwell, Austin, Pynegar, Abel, Ruddy, Lee.
Wolves (1) 2 (Hartill 36 75): Tootill, Lowton, Griffiths, Rhodes, Hollingworth, Richards, Phillips, Bottrill, Hartill, Deacon, Barraclough.

Referee: Mr W Barlow (Stafford).
Order of Goals: W,c,W.
Re-Arranged: Wolves visit to Derbyshire was delayed from the previous Saturday because of the FA Cup.
Position: 2nd.