The Commonwealth a popular club for Republics?

I sometimes get the feeling that one reason some people in the UK want to keep the monarchy is because of the Commonwealth. The Queen appears to offer us membership of a sort of international club who share a single head of state. Except they don’t:

There are 54 member states, of these 16 have the Queen as head of state, 33 members are republics and 5 members have distinct monarchs:

Whilst many countries may feel it is advantageous to be seen to be part of the Commonwealth a majority of these have a Republican system of Government and others are likely to follow.

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