| Arsenal | 2 |
Ray Lewis 12' George Hunt 35' | |
| Everton | 1 |
Nat Cunliffe 63' | |
HT: 2-0
Saturday 1 January 1938
KO: 14:30
Line-Up (2-3-5)
Average age: 24y 77d- GKHarry Morton
- RBBilly Cook
- LBJack Jones
- RHCliff Britton ©
- CHTG Jones
- LHJoe Mercer
- ORTorry Gillick
- IRNat Cunliffe
- CFTommy Lawton
- ILAlex Stevenson
- OLDouglas Trentham