Thursday 26 December 1946 at Molineux (Att 53,834)

Wolves (0) 2 (King 85, Galley 90): Williams, McLean, Crook, Galley, Cullis, Wright, King, McIntosh, Westcott, Forbes, Hancocks.
Sunderland (1) 1 (Whitelam 24): Mapson, Stelling, Jones, Housam, Hall, McLean, Duns, Robinson, Whitelam, Lloyd, Burbanks.

Referee: Mr W Martin (Leeds).
Position: 1st.