[1] Scotland international forward John McDougall scored the only goal of the game after 65 minutes to give Vale of Leven a 1–0 victory and a second successive cup triumph.
The teams' only prior meeting was in the previous season's competition when Vale of Leven recorded a 1–0 third-round win on their way to lifting the trophy for the first time.
3rd Lanark RV's cup campaign began with a 1–0 win away at Clyde to give the team a second round tie against Derby, who they defeated 11–0 at Cathkin Park.
A large crowd of all ages filled the Hampden grandstand an hour before kick-off, and the ground was so full that the perimeter fence was also fully occupied.
The Vale was favoured, although the game was expected to be rough, "both teams having the reputation of being capable of taking full advantage of the rule which allows of charging".