Saturday 25 April 1931 at Molineux (Att 6,000)

Wolves (1) 4 (Deacon 36, Martin 51 71, Phillips 55): Tootill, Lowton, Shaw, Rhodes, Hollingworth, Richards, Phillips, Hartill, Martin, J Deacon, Barraclough.
Plymouth Argyle (1) 3 (Leslie 13, Bowden 56, Roberts 76p): Cann, Roberts, Birks, MacKay, Pullen, Hardie, Grozier, Bowden, Mantle, Leslie, Black.

Referee: Mr A Milsom (Bristol).
Order of Goals: p,W,W,W,p,W,p.
Penalty: Awarded against Wilf Lowton for a foul on Sammy Black.
Position: 4th.