Saturday 16 March 1946 at Molineux (Att 26,233)

Wolves (4) 5 (Dorsett 19 Westcott 24 Dorsett 31, Westcott 41 Westcott*): B Williams, Morris, Kirkham, Galley, Cullis, Wright, Steen, McIntosh, Westcott, Dorsett, Davies.
Newport County (0) 2 (Leamon 51, Granville 53): Ferguson, Roberts, Avery, Owen, Low, Brinton, Wookey, Granville, Leamon, Batty, Carr.

Referee: Mr F Norcott (Gloucester).
Order of Goals: W,W,W,W,n,n,W.