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This paper considers the properties of the tap gain functions in a tapped delay line model of the orbital dipole channel. Specifically, auto-correlation and cross-correlation functions are computed for these tap functions in terms of assumed statistics for the motion of illuminated dipoles. It is demonstrated that when a certain inequality involving the transmitted signal bandwidth is satisfied, these correlation functions become identical to those which would arise from the corresponding tap gain functions of a suitably defined channel consisting of a continuum of motionless scintillating uncorrelated scatterers. In effect, this inequality sets an upper bound to the bandwidth of the transmitted signal, beyond which the orbital dipole channel may not be modeled as such a continuum of uncorrelated scatterers. Simplified expressions for tap gain correlation functions are derived for the case of large signal bandwidths, including the subcase in which the above mentioned inequality is satisfied. In the latter case the tap gain functions are shown to become mutually uncorrelated for all time shifts.