In June 1924, MacDonald convened a conference in London of the wartime Allies and achieved an agreement on a new plan for settling the reparations issue and French occupation of the Ruhr. German delegates joined the meeting, and the London Settlement was signed. It was followed by an Anglo-German commercial treaty. Another major triumph for MacDonald was the conference held in London in July and August 1924 to deal with the implementation of the Dawes Plan. MacDonald, who accepted the popular view of the economist John Maynard Keynes of German reparations as impossible to pay, pressured French Premier Édouard Herriot until many concessions were made to Germany.