Saturday 14 August 1948 at Molineux (Att 16,320)

Colours (0) 1 (Smyth 81): Williams, Kelly, Springthorpe, W Crook, Shorthouse, Wright, Hancocks, J Dunn, Forbes, Smyth, Mullen.
Whites (0) 1 (Reid 80): Elliott, McLean, Pritchard, Chatham, Simpson, Baxter, Smith, Hewitt, Reid, Stevenson, Mynard.

Referee: Mr Mr F Milner (Wolverhampton).
Order of Goals: w,C.